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South African Regulator Zeroes in on Scams and Unregulated Firms in Its Second Crypto ‘Health Warning’
29.3.2021
South African regulator the Financial Sector Conduct Authority recently issued its second crypto “health warning” after it noticed increased reports of crypto-related losses suffered “in the past three months.” In the warning, the regulator reminds investors that since...
Indian Government Now Requires Companies to Disclose Cryptocurrency Holdings
29.3.2021
The Indian government has introduced new cryptocurrency disclosure rules. Companies dealing in cryptocurrencies will have to disclose their crypto holdings, among other disclosures, as part of their financial statements beginning April 1. New Crypto Disclosure Requirements The Indian Ministry...
Russian Anti-Money Laundering Body Will Monitor Crypto to Fiat Transactions, Says Official
28.3.2021
Herman Neglyad, the deputy of the Russian anti-money laundering body, Rosfinmonitoring, has said his organization will monitor cryptocurrency transactions that involve the conversion from crypto to fiat. Neglyad made this revelation during a recent meeting of the State Duma Committee on financial...
DeFi, derivatives and fixing an antiquated financial system: Kristin Boggiano
26.3.2021
Avanti Financial raises $37 million to launch institutional crypto bank
26.3.2021
The digital asset bank will be aimed at institutional investors only, and there is no exchange planned
Central Banks Focus On Financial Inclusion As Cryptos Get Traction
25.3.2021
Central banks are seemingly looking to steal the show from decentralized cryptocurrencies as they are also aiming to increase financial inclusion by issuing central bank digital currencies (CBDCs).
China
"We still have a lot of remote areas, or poor areas, and in those areas people...
Blockchain.com Raises $300 Million, Firm’s Post-Money Valuation Now $5.2 Billion
24.3.2021
The crypto financial services provider Blockchain.com revealed on Wednesday that the company has raised $300 million in a financing round. Blockchain.com’s latest funding round follows the $120 million raise the company obtained last month. Blockchain.com Is Now Valued at $5.2 Billion...
New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs
24.3.2021
On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets....
Wirex halts UK signups after consultation with financial regulator
24.3.2021
Wirex has temporarily halted signing up new U.K. customers following what it called “constructive dialogue” with the Financial Conduct Authority
American News Magazine Time to Accept Crypto for Subscriptions, Firm Auctions 3 NFT Covers
23.3.2021
The American news magazine Time has revealed it is getting into the cryptocurrency and blockchain space, as a new job listing shows the 98-year-old publication is in search of a chief financial officer (CFO) who understands bitcoin. Additionally, Time will be selling non-fungible token (NFT) assets...
Dysfunctional Financial Markets Are Making Inequality Worse
19.3.2021
Arman Hassanniakalager, Lecturer in Finance, University of Bath.
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The global market in government bonds has been bleeding red lately. “Bond market screams for help but no one answers”, says Bloomberg. It is “the worst start to a year in bonds since 2015”, according to the Financial Times....
Germany's financial regulator issues retail crypto investment warning
19.3.2021
German financial regulator BaFin wants retail investors to be aware of the risks associated with crypto investments, especially in the current bull market
SEC Lists 3 Reasons for Seeking Ripple Execs' Financial Info on XRP Deals
18.3.2021
The US Securities and Exchange Commission (SEC) explained why they require personal financial information about executives in their case against blockchain company Ripple, claiming it to be the only way to see XRP movements in full, and determine if and how much the executives "enriched...
Mizuho Bank Survey Says $24 Billion in US Stimulus Checks May Be Used to Buy Bitcoin
16.3.2021
On March 15, 2021, Mizuho Securities Co., a firm wholly-owned subsidiary of Mizuho Financial Group, revealed the findings of a new survey that says a great deal of stimulus money will find its way into stock markets and the cryptocurrency economy. Participants in Mizuho’s survey made less...
BTC Miner Stresses: ‘Bitcoin is One of the Most Environment-Friendly Financial Networks’
15.3.2021
While bitcoin has been gathering widespread attention with prices touching all-time highs, mainstream pundits have tried to attack the leading crypto asset for its energy consumption. It seems a new ‘bitcoin is bad for the environment’ editorial is published nearly every week...
Spanish Ministry of Economy Proposes to Create a Financial Customer Ombudsman for Crypto-Related Matters
13.3.2021
Crypto regulation in Spain remains on the political talks amid the current bull-run seen in the bitcoin prices. Now, the country’s Ministry of the Economy is about to create a new Financial Customer Ombudsman for crypto-related matters. Independent Financial Customer Body Will Abide by...
Goldman Sachs Reports Rising Customer Demand for BTC: Predicts an ‘Explosion’ in the Use of Digital Currencies
12.3.2021
John Waldron, the chief operating officer (COO) of Goldman Sachs, says the financial services giant is seeing rising customer demand to own and invest in bitcoin. Nevertheless, the COO explained that his organization was still exploring ways of satisfying this demand without running afoul...
Students in Georgia set to be taught about crypto at high school
12.3.2021
High school students in Georgia look set to be taught about crypto after a new financial literacy program was approved by the Georgia House of Representatives
ShapeShift report calls ‘staking derivatives’ a potential win-win for PoS users
11.3.2021
The derivatives landscape offers “tantalizing” opportunities for stakers, according to Kent Barton of ShapeShift. But that doesn’t mean there aren’t risks
ETC Group Lists Ether ETP on Deutsche Borse’s Xetra, Company’s Bitcoin ETP Now Has $1 Billion AUM
11.3.2021
Financial services company Etc Group on Tuesday launched its centrally-cleared ethereum exchange-traded product (ETP) on the Deutsche Borse’s Xetra marketplace. Etc Group Launches Ethereum Exchange-Traded Product The listing follows the success of the firm’s bitcoin ETP, which...