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California Enacts Digital Financial Assets Law
26.10.2023
On October 13, 2023, California enacted the Digital Financial Assets law. This law is California’s first comprehensive framework for regulation of digital asset markets, and some of its provisions may sound familiar to those versed in the state’s money transmitter licensing requirements. Under this...
12th Africa Bank 4.0 Summit – SADC Region: Upscaling digital financial services and payments
26.10.2023
12th Africa Bank 4.0 Summit – SADC Region is all set to be hosted on November 15 & 16, 2023, at The Maslow Hotel, Sandton – Johannesburg, with the conference theme focused on “Upscaling Digital Financial Services and Payments: Innovative, Agile, Accessible, Affordable”....
World Bank, Euroclear Join Forces to Unveil Digital Native Security Issuance on Blockchain
26.10.2023
Belgium-based bank Euroclear has launched the first digital native security on the Luxembourg Stock Exchange together with the World Bank. The €100 million digital bond – Digitally Native Notes (DNN) – issuance by the World Bank involves the distribution and settlement of fully...
Crypto firms have already breached new UK promo rules 221 times, says FCA
26.10.2023
Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too
Digital Currency Group’s Q3 Shareholder Letter: Surprise Over NYAG Lawsuit
25.10.2023
Crypto industry powerhouse Digital Currency Group (DCG) has provided a response to its latest fraud lawsuit from the New York Attorney General (NYAG) last week, alongside updated Q3 financial figures. The conglomerate raked in $188 million in the third quarter, compared to $153 million in Q3 2022....
UK Financial Watchdog Flags “Common” Failures in Crypto Marketing
25.10.2023
The Financial Conduct Authority (FCA) has identified some recurring issues in the marketing of cryptoassets following the implementation of new regulations on October 8. In a Wednesday blog post, the FCA highlighted three primary problems, which include misleading claims regarding...
TopHash: Your Gateway to Cloud Mining
25.10.2023
This sponsored post was written by the TopHash team. Read disclaimer below. Undeniably, the endeavor to amplify secondary sources of income has become more pertinent in today’s economic landscape. The conventional job market often falls short of providing a stable financial foundation...
The Financial Investment Expo 2023, Bangkok, Thailand
25.10.2023
2023 The Financial Investment Expo is a major event for the fintech and financial investment industry worldwide. It is a comprehensive platform designed for global forex companies and investment and financial institutions to display their corporate image, expand brand influence, promote financial...
Lightspark Open Sources Email-Like Protocol UMA; Raises Debate on Compliance
25.10.2023
Lightspark, a Lightning Network (LN) financial services company, has announced it has open-sourced Universal Money Address (UMA), a protocol similar to email, but for money. The protocol will be interoperable, allowing platforms to exercise due compliance on the transactions facilitated,...
‘Bond King’ Bill Gross Predicts Q4 Recession: Loan Delinquencies and Regional Banks in the Crosshairs
24.10.2023
Bill Gross, revered as Wall Street’s ‘Bond King,’ foresees a recession clouding the U.S. economy by the year’s final quarter. He pinpoints the burgeoning issue of overdue car payments and the financial strains beleaguering regional banks as catalysts for the impending...
Crypto Advocate Rep. Tom Emmer Enters House Speaker Contest with Eight Competitors
24.10.2023
U.S. Representative Tom Emmer, a Republican from Minnesota known for his support of cryptocurrencies and criticism of regulators, has announced his bid for House Speaker.
Emmer is one of nine candidates vying for the position, which also include Representative Byron Donalds from Florida...
Sam Bankman-Fried Proposes Financial Expert as Witness to Rebut DOJ Testimony
24.10.2023
Join the Economic Freedom Nexus — No BS Crypto News in the Context of Permissionless Exchange
23.10.2023
We all know central bank digital currencies (CBDCs) are the furthest thing there is from actual cryptocurrency. That “financial inclusion” usually just means more laws preventing poor people from free exchange and survival in broken, state-run fiat madhouses. The Economic Freedom...
People’s Bank of China Governor Vows to Curb Crypto Speculation
23.10.2023
The new governor of China’s central bank has promised to stop speculation associated with cryptocurrency transactions in the country. Pan Gongsheng made the vow in a report detailing measures to maintain the stability of the Chinese financial market and prevent risks. PBOC Prepares to Crack Down...
FinCEN Targets Crypto Mixers Over Laundering and National Security Concerns
20.10.2023
The U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, this week proposed regulations aimed at increasing transparency around crypto mixing services. These services, the agency says, are used by terrorist organizations and state actors to obscure financial...
Coinbase: ‘Overwhelming Majority’ of Terror-Related Funding Still Funneled via Traditional Financial Systems
20.10.2023
According to Coinbase, an overwhelming majority of terror-related funding is still done via traditional financial systems. The crypto exchange suggested that terrorist organizations that do receive crypto funding normally use “offshore entities” when attempting liquidate such digital...
A SWIFT Shakeup: Yuan Dethrones Euro as Runner-Up in Trade Finance Markets
20.10.2023
The latest report published by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro as the second most used currency in trade finance markets. However, the dollar is still comfortably in first place, with more than an...
Tesla Maintains $184M Bitcoin Holdings as Elon Musk Flags Concerns Over High Interest Rates
20.10.2023
Tesla’s third-quarter financial statement reveals that the electric car company has not sold any of its bitcoin. Its most recent balance sheet shows that Tesla continues to hold bitcoin valued at $184 million. Meanwhile, Tesla CEO Elon Musk has raised concerns about the high-interest rate...
Matrixport Predicts Bitcoin Surge to $56,000 if SEC Greenlights Blackrock’s Bitcoin ETF
19.10.2023
The cryptocurrency financial services platform Matrixport predicts that bitcoin prices could surge to between $42,000 and $56,000 per unit if the U.S. Securities and Exchange Commission (SEC) approves Blackrock’s spot bitcoin exchange-traded fund. Matrixport Links ETF Inflows to Possible...
U.S. Treasury Seeks to Name Crypto Mixers as 'Money Laundering Concern'
19.10.2023
The U.S. Department of the Treasury's financial crimes arm is proposing to label crypto mixers as a "primary money laundering concern" in its effort to combat illicit crypto finance, highlighting the terrorist groups that have benefited from anonymous crypto funds, including possibly Hamas