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Joe Biden Freezes FinCEN’s Crypto Wallet Rulemaking — US Crypto Regulations Under Review
22.1.2021
New U.S. President Joe Biden has frozen all agency rulemaking, including the proposal by the Financial Crimes Enforcement Network (FinCEN) relating to cryptocurrency wallets. Biden will appoint someone to “review any new or pending rules,” the White House has announced. FinCEN’s...
Thai Financial Watchdog Asks Local Crypto Exchange to Fix Issues After Three Massive Outages
22.1.2021
The Securities and Exchange Commission of Thailand (SEC) issued an order against a local cryptocurrency exchange to temporarily stop its operations. Bitkub has been in the headlines since the start of the year due to several outages suffered in their systems. Crypto Exchange Suffered Three Massive...
Treasury Secretary nominee says crypto has potential to improve the financial system
22.1.2021
Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.”
Enjin Coin Becomes the First Gaming Cryptocurrency Approved by Japanese Regulators
21.1.2021
Enjin coin became the first gaming cryptocurrency approved in Japan after clearing out the well-known tough country regulator’s requirements. The green light is possible through a partnership with Hashport. ENJ Is Set to Be Listed in Coincheck on January 26 According to the announcement...
Dubai Financial Watchdog to Release Consultation Papers for a Crypto Regulatory Framework
21.1.2021
The Dubai Financial Services Authority (DFSA) has unveiled its plans to create a regulatory framework for cryptocurrencies. The announcement was part of its 2021-2022 business agenda released this week. The Papers Will Be Released in the First Half of 2021 According to the watchdog, which regulates...
UK Investment Firm Aims to Block Ripple From Leveraging Liquid Assets, Jed McCaleb Dumps 28.6 Million XRP
21.1.2021
Court documents show that the company, Tetragon Financial Group, has filed a lawsuit against Ripple after the firm was charged by the U.S. Securities and Exchange Commission. The court filing indicates that Tetragon and Ripple allegedly made an agreement, and the SEC case deeming XRP as...
UAE Financial Watchdog Set To Regulate Crypto By 2022
20.1.2021
The Dubai Financial Services Authority (DFSA) has announced plans to implement new regulations for cryptocurrencies in its business plan brochure for the years 2021 to 2022.
“We will build upon recent achievements in this space over the business planning period through developing a regulatory...
Former Canadian Prime Minister Mentions Bitcoin Alongside Gold as Alternative Reserve Currencies
20.1.2021
Former Canadian prime minister Stephen Harper has mentioned bitcoin alongside gold as assets that can possibly act as alternative reserve currencies. However, the former premier still argues that despite the growing questions about the dollar’s reserve status, he does not see any real...
Australian Bitcoin Trader Sues Banks for Systematic Discrimination
19.1.2021
An Australian bitcoin trader has filed a lawsuit against two of the country’s biggest commercial banks, accusing them of systematic discrimination when they closed his accounts on short notice. Allan Flynn is demanding compensation of AU$250,000 ($193,000) from ANZ and Westpac banks...
ETH price sets new all-time high, gains financial momentum to go further
19.1.2021
Technical indicators related to Ether suggest that a move past the $2,000 range might be in the books — but how soon?
Dubai financial regulator working on regulations for cryptocurrencies
19.1.2021
The Dubai Financial Services Authority is reportedly looking to introduce two crypto-related consultation papers as part of its business plan in 2021
EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities
19.1.2021
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s...
Coinbase Joins $6M Funding Round for Licensed Middle-East Exchange Rain Financial
18.1.2021
The $6 million Series A round was led by Middle-Eastern VC firm MEVP Capital
Africa to bring 100 million users to DeFi in three years from now, says founder of Cardano
15.1.2021
Cardano founder Charles Hoskinson predicts that the DeFi revolution will take place in the developing world
British financial advisor calls on the gov’t to ban crypto transactions
15.1.2021
Veteran financial advisor Neil Liversidge came to the U.K. Government and Parliament with a petition to ban crypto transactions
Galaxy enters Bitcoin mining, launches financial services unit for miners
15.1.2021
Mike Novogratz's Galaxy Digital is launching its own Bitcoin mining operations and creating a new business unit dedicated to providing financial services to miners
Galaxy Digital Launches Proprietary Mining, Miner Financial Services
14.1.2021
Galaxy has launched its proprietary mining and miner financial services operations
Survey: The Number of US Financial Advisors Allocating to Crypto in Client Portfolios Jumped 49% in 2020
14.1.2021
A survey reveals that the number of U.S. financial advisors allocating to crypto in their clients’ portfolios surged significantly from 2019. The figures show that it rose 49% in 2020, from 6.3% to 9.4%. A Vast Majority of the Advisors Also Have Personal Crypto Investments According to...
Financial advisers are betting on Bitcoin as a hedge
13.1.2021
A new Bitwise survey highlights a more favorable attitude towards Bitcoin and cryptocurrencies
Financial Censorship After Capitol Riot ‘Truly Chilling,’ Says OCC Chief Brian Brooks
13.1.2021
“Money might be controlled by a handful of elites,” the departing bank regulator said at a Wednesday event. “Crypto is about freedom.”