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Trump vows to make US 'world capital of crypto,' taps Musk for new task force
6.9.2024
“Instead of attacking industries of the future, we will embrace them,” said Donald Trump in reference to the crypto industry in America
Binance France Replaces Changpeng Zhao with New Shareholders
29.5.2024
Binance France has replaced co-founder Changpeng Zhao with two new shareholders to maintain its operational status in France and comply with local regulations.
The post Binance France Replaces Changpeng Zhao with New Shareholders appeared first on Cryptonews
Bitcoin Price Prediction as BTC Passes The $63,000 Mark Once More – Time to Buy?
30.4.2024
As Bitcoin surges past $63,000, experts weigh its potential to hit $70,000, driven by crucial halving events and shifting regulations.
The post Bitcoin Price Prediction as BTC Passes The $63,000 Mark Once More – Time to Buy? appeared first on Cryptonews
Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny
30.4.2024
With the US reportedly cutting off Venezuelan oil sales by May 31, experts warn that the country’s likely shift towards digital currency necessitates stricter regulations.
The post Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny appeared first on Cryptonews
HashKey CEO Slams Hong Kong’s Crypto Regulations as Barriers to Global Market
12.4.2024
HashKey CEO Livio Weng criticized Hong Kong's recent regulations around crypto trading, expressing concerns that they may impede access for international clients.
The post HashKey CEO Slams Hong Kong’s Crypto Regulations as Barriers to Global Market appeared first on Cryptonews
Dubai’s VARA Aims to Facilitate Smaller Crypto Entities, Acknowledges Imperfections in Regulations
11.4.2024
Matthew White, CEO of Dubai's Virtual Asset Regulatory Authority (VARA), expressed the watchdog's commitment to easing the regulatory burden for smaller cryptocurrency entities.
The post Dubai’s VARA Aims to Facilitate Smaller Crypto Entities, Acknowledges Imperfections in Regulations...
Binance Nigeria Case Postponed Until April 19th Amidst Criminal Charges
4.4.2024
Tigran Gambrayan and Nadeem Anjarwalla, two Binance executives held against their will by Nigerian authorities, has been postponed until April 19 as the country seeks criminal charges against the duo, a Thursday court hearing reveals. However, only Gambrayan appeared before Judge Emeka Nwite in...
VanEck Advisor Gabor Gurbacs Concerned Over the Impact of Stringent Crypto Regulations on Innovation
27.3.2024
VanEck advisor Gabor Gurbacs had on March 27 expressed concerns over the incompetence of modern-day crypto regulations and their negative effects on innovations. His criticism stemmed from the instability in the crypto industry as it relates to the regulatory framework in light of the US Securities...
Support Mounts for Coinbase as Industry Leaders Call on SEC to Draft Clear Crypto Regulations
20.3.2024
Several supporters have joined Coinbase Inc. in its legal battle against the U.S. SEC to urge the agency to reconsider its stance on crafting specific regulations for the cryptocurrency industry.
The post Support Mounts for Coinbase as Industry Leaders Call on SEC to Draft Clear Crypto Regulations...
Bitcoin Miner Riot Warns of Profit Risks Due to Chip Shortage and Climate Regulations
26.2.2024
On February 23, popular Bitcoin miner Riot Platforms issued a cautionary statement regarding potential profitability challenges in its business operations. The company cited various factors, including global supply chain disruptions, chip shortages, and increasing regulatory scrutiny around climate...
Binance Implements Price Cap for USDT on Nigerian P2P Platform to Comply with Local Regulations
21.2.2024
Binance has introduced a price cap for Tether (USDT) tokens on its peer-to-peer (P2P) platform in Nigeria in order to comply with local regulatory requirements.
The post Binance Implements Price Cap for USDT on Nigerian P2P Platform to Comply with Local Regulations appeared first on Cryptonews
U.S. Regulators Can Influence Tether’s Offshore Usage: JPMorgan
17.2.2024
Tether’s (USDT) dominant position as the largest stablecoin faces regulatory challenges and risks from various authorities and jurisdictions as they seek to impose more transparency and compliance on stablecoins. The stablecoin is vulnerable due to its dependence on the American market and pending...
FCA Reviewed 44 Crypto Firms Registered in UK For Anti-Money Laundering Purposes
14.2.2024
The Financial Conduct Authority (FCA) has conducted internal reviews on 44 cryptocurrency firms registered in the country to tackle money laundering concerns. In a Feb 14 release, the regulator highlighted key areas in the UK markets including digital assets regulations. Last year, the FCA carried...
Kraken Inquires UK Users Regarding Self-Custodial Wallet Activity, Cites Local Regulations
14.2.2024
Kraken, a prominent cryptocurrency exchange, has recently introduced a new requirement for its users in the United Kingdom. According to a recent post shared by James Van Straten, Kraken is now mandating that its UK users verify their self-custodial wallets or validate their wallet identities...
Japan’s Financial Services Agency Grants Limited Rights to DAO Member Tokens, Easing Regulations
7.2.2024
Japan‘s Financial Services Agency (FSA) aimed to facilitate the development of decentralized autonomous organizations (DAOs) and clarify the legal framework surrounding them. The FSA has proposed a new amendment to the definition of Article 2 of the Financial Instruments and Exchange Act in...
South Korea Imposes Stricter Punishments For Crypto Trading Offenses
7.2.2024
South Korea’s financial regulators have slated July 19 for the implementation of the Virtual Asset User Protection Act and the Virtual Asset Industry Supervision Regulations. According to local media outlets, The Financial Service Commission (FSC) disclosed on Feb 7 the date for both regulations...
US Treasury Secretary Yellen Highlights Crypto Risks, Urges Legislation
6.2.2024
U.S. Treasury Secretary Janet Yellen, leading the Financial Stability Oversight Council, addressed lawmakers about the risks cryptocurrencies pose to the U.S. financial system and called for regulations. During the presentation to the House Financial Services Committee, Yellen detailed concerns...
BitPanda to Cease Operations in Netherlands Following New EU Regulations
30.1.2024
Dutch users of the crypto exchange Bitpanda will no longer be able to utilize the platform, a January 26 company email has revealed. Bitpanda’s “mission to cooperate and comply with the latest regulatory landscape” “Bitpanda is committed to its mission to cooperate and comply with the latest...
What Future of Crypto Taxes and Regulations May Look Like in India – Insights From Expert
17.1.2024
The Indian crypto market is buzzing with talks of taxation and regulations. With the central government set to announce the interim budget on 1st February, crypto exchanges and traders are hoping for relief from the 1% TDS (Tax Deducted at Source) and 30% tax on crypto. However, the chances...
OKX Implements New Rules for UK Users in Compliance with FCA Regulations
2.1.2024
Source: AdobeStock / Iakov Kalinin The cryptocurrency exchange OKX is introducing rules for its United Kingdom-based users in response to recent regulations introduced by the UK Financial Conduct Authority (FCA). On January 2, OKX announced changes to its user experience for new and existing retail...