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Kazakhstan Imposes Purchase Limits on Retail Crypto Investors
5.11.2021
Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from exposure to the risks associated with digital financial assets. Investors...
US Treasury report says stablecoin legislation is 'urgently needed' to address risks
1.11.2021
The group said stablecoin issuers should be held to the same standards as insured depository institutions including state and federally chartered banks
Defi Losing Track of Its Core Vision as It Gradually Resembles the Very Idea It Aspired to Change
1.11.2021
As defi continues to expand, it risks embracing the very ideology it initially sought to reject as the primary beneficiaries of this new financing paradigm are those who already own digital assets. Replacing Intermediaries Doesn’t Directly Improve Finance When it comes to financial products...
Shiba Inu risks drop with SHIB's 574% October's price rally near exhaustion
26.10.2021
Shiba Inu's massive gains all across October may pare on potential bearish divergence signals and an overvalued relative strength index
Competition and Hype Drive Young Crypto Investors, UK Watchdog Finds
21.10.2021
A sizable majority of young investors seeking high-risk opportunities are motivated by competition and hype, a new survey has indicated. They often turn to cryptocurrency and forex products, according to the poll conducted by the U.K.’s financial regulator. FCA Launches...
US Senators Urge Facebook to Discontinue Crypto Wallet Pilot Citing ‘Insufficient’ Ability to Keep Consumers Safe
21.10.2021
A group of U.S. senators has asked Facebook CEO Mark Zuckerberg to discontinue his company’s crypto wallet pilot and commit to not bringing the cryptocurrency Diem to market. “Facebook cannot be trusted to manage a payment system or digital currency when its existing ability to manage...
Economics Professor Warns ‘Cryptocurrencies May Contribute to Monetary and Financial Instability’
16.10.2021
Cornell University’s professor of economics and former head of the IMF’s China division, Eswar Prasad, has warned that “Cryptocurrencies may contribute to monetary and financial instability.” He added that the risk is amplified if the industry is unregulated and lacks...
St. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation
14.10.2021
St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible...
Bank of England: Crypto Assets Pose ‘Limited’ Risks to Stability of UK Financial System
12.10.2021
The Bank of England says that crypto assets pose “limited” direct risks to the stability of the country’s financial system. “Cryptoasset and associated markets and services continue to grow and to develop rapidly. Such assets are becoming increasingly integrated into...
FBI Arrests Federal Employee Selling Restricted Data on Nuclear Submarines for Cryptocurrency
11.10.2021
A U.S. government employee has been arrested on espionage-related charges after he attempted to sell restricted data on the design of nuclear-powered warships to a foreign government. The federal employee asked to be paid in monero cryptocurrency. “I am very aware of the risks of blockchain...
Poland’s Central Bank Says It Will Add 100 Tons of Gold to Existing Holdings in 2022
11.10.2021
The Polish central bank, the National Bank of Poland (NBP), is reportedly planning to raise its gold reserves by 100 tons in 2022. According to bank governor Adam Glapinski, the objective of this decision is to prepare Poland for “the most unfavourable circumstances.” Gold’s...
Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors
8.10.2021
Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against...
Ethereum risks drop below $3.2K as ETH price faces heavy resistance
8.10.2021
A confluence of at least three different bearish indicators appears on Ethereum's multi-timeframe charts, suggesting that its ongoing bull run risks exhaustion
Countries Should Prevent 'Regulatory Arbitrage' for Stablecoins – FSB
7.10.2021
ecoin space.The emergence of global stablecoins (GSCs) would pose greater risks to financial stability than existing stablecoins, said the report, and it may also "challenge the comprehensiveness and effectiveness of existing regulatory, supervisory and oversight approaches."The FSB re
IMF Warns Crypto Boom Poses New Financial Stability Challenges, Urges Regulators to Step Up
3.10.2021
The International Monetary Fund (IMF) warns that the rising popularity of cryptocurrencies poses new challenges to financial stability. “Cryptoization can reduce the ability of central banks to effectively implement monetary policy. It could also create financial stability risks.”...
Reserve Bank of New Zealand Seeks Public Opinion on Central Bank Digital Currency
1.10.2021
The central bank of New Zealand has lined up among monetary authorities exploring the question of issuing their own digital currencies. The financial regulator is now seeking feedback from the public about the need for a digital form of the national fiat while also promising to preserve cash....
10 Crypto Exchanges File for Registration With Korean Regulators Ahead of Deadline
24.9.2021
Cryptocurrency exchanges in South Korea have until midnight on Friday to register with financial authorities in order to continue operating legally. Only 10 digital asset trading platforms have already submitted their documents to the Korean anti-money laundering body. Compliance Deadline for...
Crypto Market Values Nosedive Amid Global Market Meltdown, Widening Default Risks
20.9.2021
Crypto markets have dropped a great deal in value over the last 24 hours as crypto assets across the board have lost anywhere between 7-15% in value during this time period. The overall market valuation of all 10,000+ crypto-assets in existence has slid just below the $2 trillion handle, losing...
Bitcoin & Crypto Drop Alongside Stocks On China's Evergrande Spillover Risks
20.9.2021
uld have. As China’s second-largest property developer, China Evergrande holds more than USD 300bn of debt, placing the company as “the world’s most indebted property developer,”
Does Evergrande’s $300B debt crisis pose systemic risk to crypto industry?
16.9.2021
As onlookers predict top Chinese property developer and commercial paper issuer Evergrande will default, some analysts believe the firm poses systemic risks to crypto