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UK Markets Bill Extends Banking Rules to Crypto Assets

20.7.2022
The U.K. introduced the bill to parliament earlier Wednesday, but lawmakers won’t take up the measure until later in the week

Nigeria Leads Africa in Regulating Digital Asset Space — Securities Regulator

20.7.2022
Nigeria has taken the lead in regulating digital assets in Africa, and is one of the countries looking keenly into governing the digital asset space, an executive director with the country’s securities regulator has said. The director also made clarifications on the different regulatory...

Bitcoin and Hard Assets Will Win as Inflation Rises, Novogratz Says and Sees BTC at USD 500K

20.7.2022
Bitcoin (BTC) and other hard assets will rise strongly in price as the world continues down a path of prolonged and high inflation, argued Mike Novogratz, founder and CEO of major financial services and investment management firm Galaxy Digital. Speaking at the Bloomberg Crypto Summit on Tuesday...

Bitgo Adds Near Protocol Support — Custodian to Store Near Foundation’s Treasury

20.7.2022
On July 19, the digital asset company Bitgo announced it has partnered with the Near Foundation and will be “the first qualified custodian to support the protocol and its assets, including its native token.” The collaboration will give institutions holding near protocol (NEAR) tokens...

Digital Token Issued In Russia to Facilitate Investments in Palladium

20.7.2022
Transactions with digital assets backed by precious metals are beginning in Russia with the launch of a token for palladium. The rare metal, which is used in jewelry and has some high-tech applications, is not a publicly available asset in the Russian Federation. Atomyze and Rosbank Issue Digital...

Dubai Regulator Grants Crypto Trading App OKX License to Extend Services in the UAE

19.7.2022
The Seychelles-based crypto trading app, OKX, recently became the latest virtual assets service provider to be granted a provisional licence to provide its services in the United Arab Emirates (UAE). The provisional licence allows OKX to extend certain exchange products and services...

Fund Manager Fintonia Group Receives Provisional Virtual Assets License in Dubai

19.7.2022
Sinapore-based crypto fund Fintonia Group has secured a provisional virtual assets license in Dubai

Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds

17.7.2022
A majority of the financial pyramids identified in 2022 used cryptocurrencies in one way or another, Russia’s central bank announced in a new report. Amid Western sanctions, Russian scams have stepped up their activities, often claiming to be licensed by foreign authorities to offer access...

ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto

16.7.2022
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key objectives for the project which should provide...

Andorra green lights Bitcoin and Blockchain with Digital Assets Act

16.7.2022
An analysis of Andorra’s Digital Assets Act and the potential confusion surrounding Bitcoin, blockchain and crypto according to crypto business owners

Itau Unibanco Mulls Offering Crypto Services, Opens Tokenization Unit in Brazil

16.7.2022
Itaú Unibanco, one of the largest holding companies in Brazil, has announced it is considering offering cryptocurrency trading services to its customers. The company informed that it will also offer tokenization services through a digital assets unit, that will allow customers to issue tokens...

Vladimir Putin signs bill banning digital assets as payments into law

15.7.2022
Russia’s Parliament is also considering two other bills related to digital assets: regulating miners’ activities, and requirements for firms handling crypto transactions

Putin Signs Law Prohibiting Payments With Digital Assets in Russia

15.7.2022
President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary...

EU Regulator Warns About Crypto — Questions Whether Many Will Survive

14.7.2022
European Securities and Markets Authority (ESMA) Chair Verena Ross says that the crypto market crash should be a “cautionary lesson” for investors. She noted that there is a “real question” about whether many crypto assets will survive. ESMA Chair on Crypto Risks...

UK Treasury Committee opens inquiry into crypto industry

13.7.2022
The public has until Sept. 12 to submit evidence, which the committee may use in its report to parliament on the risks and opportunities related to crypto and DLT

Ukraine Seizes Assets From OTC Crypto Brokers for Working With Russians

13.7.2022
The Prosecutor General's office said it confiscated $1.7 million in fiat and almost a ton of silver

US Bankruptcy Judge Freezes Crypto Hedge Fund Three Arrows Capital’s Assets

13.7.2022
A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidators that are controlling the debtor’s assets at this stage.” Bankruptcy Judge...