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Crypto Payments Firm Triple-A Includes PayPal’s Stablecoin in Payment Options for Customers
19.4.2024
Singapore-based payments company Triple-A has announced plans to integrate PayPal's stablecoin into its list of supported tokens for customer payments.
The post Crypto Payments Firm Triple-A Includes PayPal’s Stablecoin in Payment Options for Customers appeared first on Cryptonews
Central Bank of Fiji Warns About Penalties For Purchasing Cryptocurrency
19.4.2024
The Reserve Bank of Fiji, Fiji’s central bank, reminded Fijians that cryptocurrencies were not accepted as legal tender in the country. In a recent press release, the institution reinforced that purchasing cryptocurrency with funds held in Fiji was illegal and that penalties could be applied...
Canada To Adopt International Standard For Crypto Tax Reporting – Here’s What That Means
19.4.2024
Canada is set to implement the International Crypto-Asset Reporting Framework (CARF) for crypto tax reporting by 2026, as per the country's 2024 budget. The move will place new obligations on Canada crypto service providers, such as exchanges and ATM operators, to report transactions and customer...
SEC Chair Gary Gensler’s Social Media Post Led Some to Believe He Was Resigning
18.4.2024
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s social media post expressing that “it’s been an honor to serve” as SEC chairman sparked speculation within the crypto community that he might be resigning from his position. Many people, including lawmakers, have...
Binance Secures Full Virtual-Asset Services Provider License in Dubai
18.4.2024
The fourth and final stage of approval comes almost a year after the crypto exchange secured a third-stage license
Binance Set to Re-Enter Indian Market With $2 Million Fine Settlement
18.4.2024
Binance and nine other foreign crypto exchanges were originally blocked in India due to non-compliance with the country’s Anti-Money Laundering (AML) regulations, but Binance is set to return after a four-month absence by paying a $2-million fine, according to The Economic Times. The Indian...
UK Parliament Member Lisa Cameron Pushes For Greater Digital Skills Training, Blockchain Technology Partnerships
17.4.2024
UK Member of Parliament (MP) Lisa Cameron has called for increased digital skills training in order to increase the country’s “necessary talent pipeline,” the MP said in a debate Tuesday. Cameron's remarks come amidst the country's push to be at the forefront of Web3, AI, and blockchain...
Crypto-Skeptic Senator Sherrod Brown Open To Stablecoin Legislation, Bloomberg Reports
17.4.2024
Staunch crypto-skeptic Senator Sherrod Brown (D-H) is open to passing a stablecoin bill, a Tuesday report from Bloomberg reveals. Brown's willingness to advance the legislation comes amidst news of the introduction of Representatives Cynthia Lummis (R-WY) and Kirsten Gillibrand's (D-NY)...
Senators Lummis and Gillibrand Introduce New Bill to Regulate Stablecoins
17.4.2024
Senators Cynthia Lummis and Kirsten Gillibrand have joined forces to propose a new bill aimed at regulating stablecoins.
The post Senators Lummis and Gillibrand Introduce New Bill to Regulate Stablecoins appeared first on Cryptonews
Australian Regulator Says Crypto Is a Debenture That Requires Regulation
17.4.2024
The chairman of the Australian Securities and Investments Commission (ASIC) has said his organization views cryptocurrency as a debenture hence it falls under regulatory purview. The ASIC chairman also argued that many cryptocurrency investors are unaware of what they are getting into. Crypto Falls...
The Solution for Stablecoin Regulation
17.4.2024
Norway to Target Cryptocurrency Mining Through Data Center Regulation
17.4.2024
Norway has recently announced its intention of enacting a data center-focused law, which seeks to exert more control over the operations performed at these locations. One of the objectives behind this move would be to crack down on data centers hosting cryptocurrency mining operations, as it is...
Binance.US Appoints Former NY Fed Compliance Chief Grant Martin To Board Amidst Crypto Regulation Crackdown
16.4.2024
Grant Martin, the former Chief Compliance and Ethics Officer at the Federal Reserve Bank of New York, is joining the board of Binance.US., the crypto exchange announced in a Tuesday blog post. News of Martin's appointment follows just months after former global Binance CEO, Changpeng "CZ" Zhao...
Tether, Circle Diverge on How to Tackle Global Patchwork of Stablecoin Rules
16.4.2024
The two largest digital dollar providers have chosen different paths in dealing with a perceived lack of global clarity on stablecoin rules: Circle is looking to U.S. lawmakers to provide guidance, while Tether is taking a hands-on approach to tackling fraud and money laundering
Bank of Russia Supports Cryptocurrency Usage for International Settlements
16.4.2024
The Bank of Russia has announced that it will support accelerating the adoption of cryptocurrency payments for international settlements. According to Elvira Nabiullina, governor of the Bank of Russia, these crypto-based payments must be launched in a sandbox-style experimental regime. In contrast...
UK Set To Launch New Crypto Staking And Stablecoin Legislation By July, Economic Secretary Bim Afolami Says
15.4.2024
The UK is set to introduce new crypto staking and stablecoin legislation by July, according to recent remarks by Economic Secretary Bim Afolami. Afolami previously hinted at the legislation in February as the current conservative-led government aims to introduce new regulation ahead of this year's...
Cryptocurrencies Not Banned, Vietnam Requires Legal Framework for Regulation — Govt Official
15.4.2024
A government official from Vietnam has stated that cryptocurrencies are not prohibited. However, the country urgently needs to establish a legal framework to regulate their use, the official said. The Finance Ministry has been tasked with drafting a framework to govern crypto assets, which is...
South African Regulator Grants Approval to 59 Crypto Platforms for Resident Services
15.4.2024
South Africa's financial regulator, the Financial Sector Conduct Authority (FSCA), has granted approval to 59 license applications from cryptocurrency platforms seeking to offer services to residents.
The post South African Regulator Grants Approval to 59 Crypto Platforms for Resident Services...
Australian Regulator Initiates Civil Proceedings Against Three Cryptocurrency Investment Firms
15.4.2024
The Australian Securities Regulator has launched civil proceedings against three cryptocurrency firms. These firms are accused of convincing investors to purchase investment packages using self-regulated superannuation funds. The regulator stated that appointing a receiver is the best way...
BTC, ETH Rise as Hong Kong Bitcoin ETF Applicants Say They've Been Approved
15.4.2024
The Securities and Futures Commission, Hong Kong's markets regulator, has not made an official announcement