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EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation
7.10.2022
An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories. EU Council Adopts...
European Lawmakers Urge for Crypto Taxation, Use of Blockchain to Fight Evasion
7.10.2022
Members of the European Parliament have called for “effective taxation” of crypto assets and “better use of blockchain” to counteract tax evasion. A resolution aiming to achieve both objectives has been approved by a large majority which also wants small crypto traders...
More than 30% of Canadians plan to purchase crypto by 2024, says OSC head
6.10.2022
Ontario Securities Commission CEO Grant Vingoe said the regulator planned to release a report in October which included crypto adoption rates in Canada
Brazilian Presidential Candidate ‘Lula’ Da Silva Signals Support for Central Bank of Brazil Involvement in Crypto Regulation
6.10.2022
The presidential candidate that obtained most of the votes in the first Brazilian ballot round, Luis Inacio Da Silva, better known as “Lula,” declared that the Central Bank of Brazil should be responsible for building a cryptocurrency law framework. Lula also stated that the impact...
This New Report Shows the Fastest Growing Regions for Cryptocurrencies
6.10.2022
Despite being one of the smaller crypto markets in the 2022 Global Crypto Adoption Index, the Middle East and North Africa (MENA) is also the fastest-growing market, found a report by the major blockchain analysis company Chainalysis.
According to this latest report,
“MENA-based users received...
Stablecoins shed $38B since May as yields plunge, projects collapse
6.10.2022
An estimated $148.7 billion worth of stablecoins are still in circulation
Bitcoin․com Announces Public Sale of VERSE Ecosystem Token
6.10.2022
Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has announced that Sale B, or the public sale of the VERSE utility and rewards token, will begin on November 1, 2022. Verse will support people...
EU regulators ban cross-border payments from Russian crypto accounts
6.10.2022
In a statement on Thursday, regulators in the European Union banned all crypto-asset wallets, accounts and custody services from Russia
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...
South Korean foreign ministry orders Do Kwon to return his passport
6.10.2022
Do Kwon who has an Interpol notice and an arrest warrant against his name has not been cooperative with the investigation agencies
EU Council approves MiCA text, proposal moves to Parliament for vote
5.10.2022
The Council's Permanent Representatives’ Committee chair confirmed that the MiCA framework would go through “should the European Parliament adopt its position at first reading."
SWIFT says it has reached a 'breakthrough' in recent CBDC experiments
5.10.2022
"For CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway," said chief information officer Tom Zschach
Can Cryptocurrencies Replace Fiat Currencies?
5.10.2022
Perhaps you have been wondering if cryptocurrencies could replace fiat currencies someday. Whether there is a good chance or there appear to be strong odds, it will be up to you to decide. Here are some of the possibilities that you may want to consider. There Might Be A Good Chance When...
Saudi’s Recent Hiring Depicts a Change in the Approach Toward Cryptocurrencies
5.10.2022
Saudi Arabia was earlier reluctant to boost the wider adoption of cryptocurrencies. Since the government or any government officials did not back it, the region’s citizens were advised not to indulge in the exchange or trading of digital assets. Another factor that contributed to suppressing...
Binance and Kazakhstan to Share Information About Crypto-Related Crime
5.10.2022
Cryptocurrency exchange Binance has agreed to support Kazakhstan in ensuring the safe development of the country’s crypto market. The trading platform and Kazakhstan’s financial regulators intend to inform each other about cases involving the use of digital assets for illicit...
Middle East and North Africa are fastest-growing crypto markets: Data
5.10.2022
From institutional crypto usage in the United Arab Emirates to remittance payments in the Egyptian market, the last year revealed major growth for crypto in the MENA region
Nasdaq needs clear regulations to launch crypto exchange, says VP
5.10.2022
Nasdaq said that the retail side of the crypto market is quite saturated at the moment with many service providers looking to fulfill retail investors’ needs
Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgewater Associates
5.10.2022
Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewater’s co-chief executive explained on Tuesday that “Ray no longer has the final word,” in regard to...
Pro-Russian Groups Raised $400,000 in Crypto Since Ukraine Invasion, Report Reveals
4.10.2022
Groups supporting Russia’s war effort in Ukraine have been actively collecting cryptocurrency to fund paramilitary operations and evade sanctions, researchers say. According to a new report, these organizations use Telegram to raise money then used to pay for equipment and training....
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