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Binance acquires crypto asset service authorization in Cyprus
21.10.2022
Binance, a well-known crypto trading platform, on 20 October 2022, announced that Binance Cyprus Limited had been permitted Class 3 registration for being a Crypto Asset Services Provider (CASP). The grant was given by Cyprus Securities and Exchange Commission (CySEC). However, after this...
Binance Wins Registration as Crypto Asset Service Provider in Cyprus
20.10.2022
Cryptocurrency exchange Binance has registered as a Crypto Asset Services Provider (CASP) in Cyprus, according to a blog post
South African Financial Sector Regulator Declares Crypto Assets a Financial Product
20.10.2022
According to a general notice published in a government gazette, crypto assets are now treated as financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial products means crypto asset service providers...
Crypto Asset Manager Valkyrie Lost the Biggest Investor in Its $11M Funding Round
20.10.2022
Valkyrie is seeking other ways to raise the money, which it initially said it didn’t really need
South Africa Classifies Crypto Assets as Financial Products
19.10.2022
The move brings digital assets more under the purview of the country’s regulators
Crypto Asset Manager BlockTower Launches $150M Venture Capital Fund: Report
13.10.2022
The crypto-focused asset management firm will back DeFi and infrastructure projects
Many crypto asset activities pose 'novel risks' to banks, says Fed vice chair for supervision
12.10.2022
Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies
OECD Releases New Global Tax Reporting Framework for Crypto Assets
10.10.2022
The framework's scope will include stablecoins, crypto derivatives and certain NFTs
EU Council Endorses Markets in Crypto Assets (MiCA) Legislation
6.10.2022
Council of the EU, one of the European Union’s legislative bodies, has approved the proposed regulatory framework for the European crypto space. It’s now up to European lawmakers to approve the Markets in Crypto Assets package before its final adoption. Comprehensive Crypto Regulation...
The Seventh Crypto Assets Conference to Take Place This October
5.10.2022
The world of digital assets is changing rapidly. Cryptocurrencies like Bitcoin and Ethereum mature, DeFi protocols and NFTs grow rapidly, Metaverse is the tech’s newest trend, the Digital Euro is being discussed frequently, and blockchain technology has more use cases than ever. Digital assets...
Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US Lawmaker
5.10.2022
Jared Huffman, a United States lawmaker who advocates for increased scrutiny of crypto-mining entities, has reportedly chastised U.S. energy agencies that he accuses of failing to act on the White House’s call on them to do “reliability assessments of current and projected...
Top US Regulators Urge Congress to Pass Legislation on Crypto Assets
5.10.2022
The U.S. Financial Stability Oversight Council (FSOC), a group of the country’s top financial regulators, has urged Congress to pass legislation for the regulation of crypto assets. Treasury Secretary Janet Yellen said: “Crypto-asset activities could pose risks to U.S. financial...
Basel Committee: Banks worldwide reportedly own €9.4 billion in crypto assets
4.10.2022
The study found that banks mostly held volatile cryptocurrencies and had little exposure to stablecoins
Basel Committee crypto asset prudential treatment proposals get detailed responses
4.10.2022
The international financial community went long form to speak up for its interests as the Basel Committee on Banking Supervision continues to optimize banking regulation
9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year
2.10.2022
274 days or roughly nine months ago, the crypto economy was worth $2.34 trillion and at $967 billion the aggregate value of all 13,192 crypto assets is $1.48 trillion less. Most of the top digital currencies tapped an all-time price high in November 2021 and today, a great majority of the...
Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets
1.10.2022
A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo...
Latest EU Sanctions to Restrict Russians’ Access to Crypto Services in Europe, Report Unveils
1.10.2022
New sanctions discussed by EU member states amid the current escalation of the conflict in Ukraine are going to restrict European crypto services for Russians. Reports about the tightening have come after earlier this year the Union banned only “high-value” crypto-asset services...
Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds
30.9.2022
The first survey of its kind may influence crucial global standards on bank capital for crypto
South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal
24.9.2022
The government in South Korea has seized cryptocurrency worth around $184 million in two years due to tax arrears, according to local media. The authorities in Seoul started confiscating virtual assets from people accused of tax evasion in 2021. Almost 260 Billion Won in Crypto Seized for...
UK Proposes New Law to ‘Seize, Freeze and Recover’ Crypto Assets Easier and Faster
24.9.2022
The British government has presented the Economic Crime and Corporate Transparency Bill to Parliament that will “make it easier and quicker” for law enforcement agencies “to seize, freeze and recover crypto assets.” The government stressed: “We must ensure that...