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Crypto needs regulation to mitigate risks, says Bank of England exec
11.7.2022
Traditional markets have regulations to protect investors from unrecoverable losses, a Bank of England executive recently noted
Binance Gets VASP License From the Bank of Spain
11.7.2022
Binance, one of the largest crypto exchanges worldwide, has secured a license from the Bank of Spain that will let the exchange operate in compliance with the local laws. This certification means that the exchange is currently complying with its AML/KYC processes required by the government of...
Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners
9.7.2022
Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies with subsidized electricity and penalties for government officials involved in mining....
Finance Redefined: UK government explores DeFi with a focus on staking and lending
8.7.2022
Majority of the top-100 DeFi tokens broke out of three week long bearish phase and registered double digit gains over the past week
Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry’s Impact on Climate
8.7.2022
According to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work (PoW) mining. The principal assistant director for energy for the White House Office of Science and Technology Policy (OSTP) discussed the research report on July 2, 2022. The OSTP official...
Know thy customer: The future of KYC in crypto
8.7.2022
With the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer
Web3 activists fight for reproductive rights with NFTs, DAOs and protests
8.7.2022
The Web3 community has launched a number of initiatives to raise funds and awareness for women’s reproductive rights following the overturn of Roe v. Wade
Colombia Issues Guide for Implementing Blockchain for Public Projects in the Country
8.7.2022
The Ministry of Information Technologies and Communications of Colombia, Mintic, has issued a guide that describes the steps to implement blockchain in projects directed at the state level. The document defines blockchain and its basic elements, and also describes the guidelines that some projects...
US Treasury issues framework addressing engagement on crypto with foreign regulators
7.7.2022
The Treasury report was required under President Joe Biden’s executive order on digital assets issued in March
UK prime minister announces departure following mass resignations
7.7.2022
Many outlets have reported Rishi Sunak could be one of the possible replacements for Boris Johnson, suggesting that crypto regulations could be central to the government’s agenda
The Moscow Exchange is a good base for crypto trading, Russian lawmaker says
7.7.2022
MOEX is likely to do a great job in launching a crypto trading division due to its full compliance with the rules of the Bank of Russia, the official said
Policy think tank asks Philippine government to ban Binance over promotions
7.7.2022
Binance responded to the letter saying that they take compliance seriously and are looking to secure licenses in the country
British investment managers call for the blockchain-traded funds' approval
7.7.2022
The Investment Association believes the new technology will bring significant cost savings for end investors
Crypto owners banned from working on US Government crypto policies
7.7.2022
A new legal advisory notice from the US Office of Government Ethics prohibits any employee who owns cryptocurrency from working on Federal crypto regulation
Ethics Watchdog Bars US Government Employees From Writing Crypto Policy if Invested
6.7.2022
U.S. officials who are personally invested in cryptocurrencies are now disqualified from working on crypto-related policy and regulation that could impact the value of their assets
Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM's government
6.7.2022
In his resignation letter, Economic Secretary to the Treasury John Glen said that “vital reforms" to the country’s financial services were ready to be presented to Parliament
UK City Minister, Crypto Proponent John Glen Resigns as Ministers Quit Johnson Government
6.7.2022
In April, Glen had outlined the U.K.'s ambitions to become a crypto hub and produce a regulatory package for crypto assets
India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit
6.7.2022
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are fears the import duty hike will spur a resurgence in the smuggling of the commodity. India’s...
Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty
6.7.2022
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that...
High-ranking crime fighter to join UK’s FCA as payments and digital assets director
6.7.2022
The Financial Conduct Authority is introducing the post of digital assets director as part of a hiring spree that goes along with its new, more assertive strategy