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US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’
3.7.2021
The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law. Nuland told the press that the U.S. was taking a “tough...
BIS Economist Recommends ‘Technology-Neutral’ Crypto Regulation, Low-Cost Supervision of Decentralized Markets
2.7.2021
An economist with the Bank of International Settlements has found that cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, therefore a “technology-neutral regulation to this asset class” is recommended. The economist discussed “embedded...
Dutch Professional Football Club AZ ‘Confident’ About Bitcoin’s Future, Keeps BTC on Balance Sheet
2.7.2021
Dutch professional football club AZ has formed an exclusive partnership with a regulated cryptocurrency exchange platform, Bitcoin Meester. Part of the sponsorship amount is paid in bitcoin and AZ will leave the cryptocurrency on its balance sheet during the collaboration. The club says it is...
UK financial watchdog orders Binance to halt 'regulated activity' in the country
27.6.2021
The cryptocurrency exchange has until Wednesday to comply with the Financial Conduct Authority
CME Group’s Micro Bitcoin Futures Reach 1 Million Contracts Traded
27.6.2021
CME Group’s(Chicago Mercantile Exchange) micro-bitcoin futures have already traded more than one million contracts. This instrument allows institutions and retail traders to invest in the crypto asset at a lower price point of 0.1 bitcoin. The contract has only been available for seven weeks...
Donald Trump Detests Bitcoin, Calls BTC a Scam, Wants Heavy Crypto Regulation
8.6.2021
Former U.S. President Donald Trump says he does not like bitcoin because it is a currency that competes with the dollar, which he wants to be the currency of the world. He calls bitcoin a scam and wants cryptocurrency to be very heavily regulated. Trump Thinks Bitcoin Is a Scam, Wants Heavy...
Infosys Chairman Advocates Regulation of Crypto Assets as Commodities in India
7.6.2021
The chairman of major Indian company Infosys says that crypto should be regulated as an asset, like a commodity. He believes that crypto investors will significantly contribute to India’s economy. Infosys Chairman Wants Crypto Regulated as an Asset Infosys Chairman Nandan Nilekani says...
Study Shows 36% of Nigerian Adults Are Financially Excluded — Digital Financial Services Bolsters Inclusion
6.6.2021
Nearly 36% of Nigeria’s 106 million adults lack access to both regulated and unregulated financial services, according to the findings of the Enhancing Financial Innovations and Access (EFIA) study. In addition, while the findings do suggest a marginal drop in the percentage of financially...
Swiss SEBA Bank Dives Into Defi Expanding Its Offering With 3 Tokens
6.5.2021
Switzerland-based crypto bank SEBA is adding support for three defi tokens, bringing the number of cryptocurrencies available on its platform to a total of nine. SEBA clients are able to buy, store and trade with fiat any of these cryptos. SEBA Bank Supports the Coins of 3 Defi Protocols With...
Ghana Regulator Labels Crypto Transactions Illegal— Urges People to ‘Stay Away From Them’
4.5.2021
Ghana’s Securities and Exchange Commission (SEC) recently warned residents of the West African country to avoid cryptocurrency transactions of any form. In the warning, the regulator reiterated that “cryptocurrencies are illegal in the country and are not regulated by the commission...
Task Force Pushes Biden Administration to Tighten Cryptocurrency Regulation
30.4.2021
A public-private task force has submitted a report to the Biden administration that includes recommendations to tighten the regulation of cryptocurrencies, including bitcoin, with the aim to combat ransomware. “The cryptocurrency sector that enables ransomware crime should be more closely...
Exodus Wallet raises almost $60M in crypto in regulated offering
14.4.2021
Exodus’ claimed record share sale is set to be shattered by Coinbase later today
5 largest regulated US digital asset managers hold over $46B of crypto
12.4.2021
Forbes ranks the top traditional asset managers, but who ranks the top regulated digital asset managers?
Payment Giant Visa Integrates USDC Stablecoin Support for Settlement
29.3.2021
On Monday, the American multinational financial services corporation Visa announced that digital currency payments have arrived on Visa’s settlement platform. The payment giant revealed that the company will leverage USD coin (USDC), the regulated token built on top of the Ethereum network....
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...
Microsoft President Says the World Is Best Served When Currencies Are Issued and Backed by Governments
25.3.2021
Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that he is not a fan of encouraging the private sector to issue digital currencies. Microsoft’s President Says Currency...
EU securities regulator warns about risks of ‘non-regulated’ cryptos
17.3.2021
The ESMA analyzed the impact of COVID-19 on financial markets, highlighting the supposed risks linked with crypto investment
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...
Nigerian Vice President Yemi Osinbajo Contradicts Central Bank, Says Cryptocurrencies Must Regulated and Not Prohibited
27.2.2021
In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets. He adds that instead of “killing the goose that might lay the golden egg”, Nigerian monetary...
Major Malaysian financial firm to invest in regulated crypto exchange
8.2.2021
Malaysian financial services firm Kenanga Investment Bank Berhad is getting into digital assets