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Major crypto exchanges eye Asian market amid growing regulatory clarity
2.2.2022
Crypto adoption is expanding apace across Asia, with major global exchanges inking partnerships and making acquisitions on the continent
Central Bank of Jordan Exploring the Possibility of Launching a CBDC
1.2.2022
The governor of the Central Bank of Jordan recently said his institution is studying the possibility of launching a legal digital currency, one that will be linked with its national currency. He also suggested that cryptocurrency trading might eventually be allowed in Jordan once the necessary...
Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity
1.2.2022
A recent survey by Deloitte shows that 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of crypto assets. Moreover, 77.4% of respondents want cryptocurrency to be treated as securities. Indian Crypto Survey: 82% Plan to Invest...
Trezor Ditches a Controversial KYC Feature, Plans Features to 'Cut Off Regulatory Overreach'
31.1.2022
Major hardware wallet maker Trezor promised to remove the recently added and controversial know-your-customer (KYC) feature, known as Address Ownership Proof Protocol (AOPP) -- and said it planned new features meant to "cut off regulatory overreach at the source."...
Read More: Trezor Ditches...
Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils
29.1.2022
A roadmap on cryptocurrencies has been prepared by a number of ministries, regulatory bodies, and law enforcement agencies, Russian media reported. The document, which aims to regulate Russia’s crypto market by the end of this year, comes amid disagreements between the central bank and other...
Russian Finance Ministry submits crypto regulatory framework for review
27.1.2022
The ministry envisions crypto users executing transactions through banks and proposes to distinguish between qualified and unqualified holders
Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
26.1.2022
Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem...
Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets
25.1.2022
Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interested companies need to submit their proposals no later than March 23, 2022. Process Divided Into...
Indian Government Needs More Time to Finalize Crypto Bill: Report
21.1.2022
Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build...
Robinhood on Listing More Cryptocurrencies: ‘It’s Important That We Get a Bit More Clarity From Regulators’
17.1.2022
Robinhood’s chief financial officer has revealed the popular trading platform’s crypto priority and the potential of listing more cryptocurrencies. “We’re a highly regulated company in a highly regulated industry, and we think it’s important that we get a bit more...
Crypto Fundraising in 2022: More VC, Metaverse, Gaming, and Regulatory Questions
15.1.2022
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The nascent crypto industry is very dependent on funding. Not just the funding we’ve seen in the form of various coin offerings and private fundraising, but also the indirect funding that occurs whenever retail traders buy a cryptoasset and boost its price, thereby increasing...
Hong Kong begins discussions to introduce stablecoin regulatory framework
15.1.2022
The Hong Kong Monetary Authority shared a list of eight questions to seek policy-related recommendations citing five possible regulatory outcomes — no action, opt-in regime, risk-based regime, catch-all regime and blanket ban
US Regulator Calls For Stablecoin Bank Regulation, Coordinated Regulatory Approach To Crypto
14.1.2022
Stabilizing stablecoins and paving the way for a coordinated and collaborative regulatory approach to cryptocurrencies should become the key focus of American regulators -- and bank regulation could provide stablecoin holders with more confidence and security, according to Michael J. Hsu, Acting...
Banks Launch Stablecoin Consortium, Crypto Regulatory Discussion in Hong Kong + More News
12.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Banks Launch Stablecoin Consortium, Crypto Regulatory Discussion in Hong Kong + More News
Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey
9.1.2022
The government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emphasized that the current regulatory efforts are aimed at creating a sustainable environment for...
Report: Pakistan Likely to Earn Billions From Cryptocurrency
6.1.2022
According to a document produced by a Pakistani policy advisory board, the country is likely to earn billions of dollars from crypto-asset holders. Yet for this to happen, the country first needs to create the appropriate regulatory framework for crypto assets. Cryptocurrencies Could Boost Reserves...
Crypto Exchanges Betting Over NFT Amids Regulatory Concerns
3.1.2022
In the past few months, there has been a growth of NFT in India. More than dozens of crypto platforms are getting into the NFT space, helping to push its market growth. Cryptocoin exchanges offering NFTs witness a growth of 40-50% right from the base point. One of the reasons for their growth...
Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’
1.1.2022
The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed...
Crypto News Rewind 2021: Q4 - Pandora Papers, India's Regulatory Saga, Facebook to Meta and Other Rebrands
31.12.2021
Here is what happened in the Cryptoworld in the last quarter of this year:
Total crypto market capitalization in Q4
And thus ended the year. Happy 2022.
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Read More: Crypto News Rewind 2021: Q4 - Pandora Papers, India's Regulatory Saga, Facebook to Meta and Other Rebrands
Law Decoded: Three regulatory trends of 2021, Dec. 20–27
27.12.2021
The year past saw some fundamental transformations in the relationship between state power and the digital asset space