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Singapore’s MAS Adds Crypto Wallet imToken to its Investor Alert List
9.1.2024
Source: iStock The Monetary Authority of Singapore (MAS) has recently added the non-custodial crypto wallet imToken to its Investor Alert List. The list provides a record of unregulated persons who “may have been wrongly perceived as being licensed or regulated by MAS.” The inclusion of imToken...
BlackRock’s $10 Million BTC Purchase Set For Today As Bloomberg Expert Predicts Imminent SEC Approval For Bitcoin Spot ETFs
5.1.2024
Bitcoin ETF approval could be on the horizon as BlackRock plans a major BTC purchase and experts say the SEC is cornered into allowing regulated crypto funds. Image by Woraphon, Adobe Stock. Asset management firm BlackRock is set to purchase $10 million worth of Bitcoin on Friday, fueling...
UK Treasury Unveils Regulatory Framework for Digital Securities Sandbox
19.12.2023
Source: Pixabay The UK Treasury has revealed its regulatory framework for a Digital Securities Sandbox under the Financial Services and Markets Act. In a memo published on Monday, the UK Treasury explained that the purpose of these regulations is to establish a regulated setting, enabling both...
IMF Head Urges For Clear Rules and Infrastructure to Curb Crypto Risks
14.12.2023
Source: iStock Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), addressed ways to curb cryptocurrency risks on financial stability. Georgieva stressed that crypto assets need to be regulated with clear rules and infrastructure. Speaking at an international...
Report: South African Financial Institutions Will Soon Offer Services Related to Cryptocurrencies
13.12.2023
About 73 applicants who are seeking a license to offer crypto products in South Africa are already registered as accountable institutions with the Financial Intelligence Centre, an executive at the crypto exchange Luno has said. According to the Luno executive, this may be an indication that...
El Salvador’s Bitcoin Bonds Get Regulatory Approval, Launch Set for Early 2024
12.12.2023
Source: RawBeautyPixels/Adobe El Salvador’s highly anticipated Bitcoin (BTC) bonds, also known as “Volcano Bonds,” have received the regulatory approval for an early 2024 issuance. The bonds are expected to be offered on Bitfinex Securities, a regulated division of the popular...
M&G Invests $20M in UK Bitcoin Derivatives Platform GFO-X
11.12.2023
Source: Pexels UK asset management firm M&G Plc announced it has invested $20 million in the bitcoin derivatives exchange, Global Futures & Options Holdings (GFO-X) looking to support “regulated trading of digital assets” and meet demand from institutional investors. GFO has a partnership...
Safe, Sygnum Bank, CoinCover Partner to Launch Optional Crypto Recovery Hub
8.12.2023
Source: Sygnum Smart wallet infrastructure provider Safe is partnering to launch a curated suite of crypto recovery options, dubbed “Safe Recovery Hub.” The service is offered in collaboration with global digital asset banking group Sygnum Bank and the UK-regulated recovery service provider...
SEC, Spot Bitcoin ETF Issuer Talks have “Advanced to Key Details:” Report
7.12.2023
Discussions between the U.S. Securities and Exchange Commission (SEC) and hopeful spot Bitcoin ETF issuers have progressed to “key details,” according to a new report citing industry executives. “Mark your calendars people” Reuters reported the encouraging news on Thursday morning...
Study: Less Than 5% of South Africa-Based Crypto Asset Providers Generate Revenues Exceeding $8 Million
3.12.2023
Only five percent of surveyed South African crypto-asset financial service providers (FSPs) are generating revenue between $8 million and $10 million. The Financial Sector Conduct Authority study found that many of the crypto asset FSPs “earn their revenue from trading fees.” Only...
Fairspin Casino Review, Bonuses & Promo Codes 2023
1.12.2023
Debuted in 2018, Fairspin has ranked among the newest crypto casinos, swiftly gaining traction in several major iGaming markets. One glance at its features and services is enough to understand why. The platform has an elegant design. It is licensed, regulated, and packed with high-quality games...
IOTA Rolls Out $100M Abu Dhabi Foundation, Targets Middle East
29.11.2023
Source: Adobe/prima91 Open-source blockchain platform IOTA has unveiled its Abu Dhabi Foundation as part of its strategy to kickstart its Middle East expansion plans. IOTA is the first #DLT Foundation regulated with @ADGlobalMarket in #AbuDhabi ????????! The new #IOTA Foundation will be seeded with...
Crypto Firms That Act Like Banks Should Be Regulated Like Them, ECB Official Says
29.11.2023
But supervision of bank-like crypto firms could be a pain for regulators, said Andrea Enria, chair of the supervisory board at the European Central Bank
Singapore Central Bank Chief Sees No Future for Private Cryptocurrencies
28.11.2023
Source: PIxabay Singapore’s central bank’s managing director, Ravi Menon, emphasized that private cryptocurrencies falling short of fundamental financial service tests will eventually fade from the monetary scene. Menon outlined his vision for the future monetary system, highlighting three...
Ghana’s Central Bank Names Eight Money Transfer Companies Operating Without Its Approval
23.11.2023
The Bank of Ghana recently pointed the finger at eight money transfer organizations which are allegedly operating in Ghana’s remittances and forex market without its approval. The central bank also warned the public and regulated financial institutions against having dealings with the eight...
New Zealand’s Kiwi Dollar-Pegged Stablecoin NZDD Embarks With New Self-Custody Wallet
22.11.2023
Source: Pixabay New Zealand-based crypto exchange Easy Crypto and Australian blockchain firm Labrys launched a new NZ dollar-pegged stablecoin on Wednesday. Dubbed NZDD, the stablecoin will be regulated by the New Zealand Financial Markets Authority, a company statement read. The stablecoin will...
Canadian Regulators Call for Feedback on Crypto Reporting Guidelines
20.11.2023
Canadian regulators launched a consultation today asking for feedback in regards to public disclosure of crypto assets from federally regulated financial institutions (FRFIs). Digital innovation internationally “Digital innovation is transforming how we transact, manage money, and view value...
WonderFi Subsidiary Bitbuy Acquires Bitvo, Owns Nearly Half of All Exchanges in Canada
15.11.2023
Bitbuy, a subsidiary of Canadian-based technology company WonderFi, announced its acquisition of Bitvo Inc. on the morning of Wednesday, November 15th, making WonderFi the owner of nearly 50% of all regulated crypto-trading platforms in the North American country. WonderFi continues to dominate...
Kevin O’Leary Says Binance Could Lose Half of its Customers to Abu Dhabi’s M2 Exchange
15.11.2023
Image Source: CNBC Shark Tank star Kevin O’Leary has predicted that Abu Dhabi’s M2 exchange could pose a significant threat to industry giants. According to O’Leary, M2 will emerge as the largest regulated crypto exchange globally as it is backed by substantial capital and...
Okx Announces Compliance-Focused Expansion to Brazil
15.11.2023
Okx, one of the largest cryptocurrency exchanges, has announced it will expand to Brazil in the coming months to offer a regulated crypto platform to Brazilian customers. The exchange, which chose the country as its entry doorstep to Latam, aims to fulfill the regulatory requirements still being...