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Why Celsius and Voyager Were More Like Uninsured, Quasi-Banks
14.8.2022
William D. O'Connell, PhD Candidate, Political Science, the University of Toronto.______
There is a well-known saying shared by both crypto experts and skeptics: “Not your keys, not your coins.” The phrase, popularized by Bitcoin entrepreneur Andreas Antonopoulos, refers to how the contents of...
Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates
14.8.2022
It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them in payments for imports is not against the law in the Islamic Republic....
India Freezes Peter Thiel-Backed Vauld’s Crypto and Bank Assets Worth $46 Million
13.8.2022
India’s Enforcement Directorate (ED) has frozen crypto exchange Vauld’s crypto and bank assets worth about INR 370 crore ($46,439,181). Vauld halted deposits and withdrawals last month. The Indian law enforcement agency is reportedly investigating more than 10 cryptocurrency...
Philippines Will Stop Accepting Crypto License Applications for 3 Years, Regulator Says
13.8.2022
The central bank of the Philippines, Bangko Sentral ng Pilipinas, has announced that it will stop accepting crypto license applications for three years, starting next month. The central bank is the primary regulator of the crypto sector in the Philippines. Philippines Halts Accepting Crypto License...
Japan Appoints Political Heavyweight as New Digital Minister, Boosting Web3 Hopes
13.8.2022
Hopes are high in Japan that the government will put Web3 development at the front and center of its economic plans – after its Prime Minister appointed a new minister in charge of digital affairs.
On Twitter, the politician Taro Kono announced that he had been appointed to the post by the Prime...
Panamanian Regulator May ‘Swing the Ax’ after Bitcoin-friendly Bank Bans Use of Crypto Mixers
12.8.2022
Panama’s “bitcoin (BTC) and crypto-friendly” bank Towerbank says it will bar its customers from making use of crypto mixers – in the wake of the United States Office of Foreign Assets Control (OFAC)’s move to sanction Tornado Cash earlier this month....
Read More: Panamanian Regulator May ‘Swing...
UAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment
12.8.2022
The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in...
UK Financial Giant's Crypto Move, Solana's Growth, Pudgy Penguins Get Physical + More News
12.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: UK Financial Giant's Crypto Move, Solana's Growth, Pudgy Penguins Get Physical + More News
Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says
12.8.2022
High rates of crypto ownership, with purchases often made on advice from Youtube and Facebook, make “a strong case for regulation,” according to the Australian Securities and Investments Commission. The watchdog backs its stance with poll results showing nearly half of retail...
MakerDAO Founder Suggests ‘Seriously Considering’ Depegging DAI from USD
12.8.2022
MakerDAO (decentralized autonomous organization) founder Rune Christensen has called for the community members to consider depegging Maker (MKR)’s stablecoin DAI from USD, and perhaps (slowly) getting into ethereum (ETH) – which Vitalik Buterin argued would be a “terrible idea.”
Writing in...
Uzbekistan Moves to Block Foreign Cryptocurrency Exchanges
12.8.2022
Authorities in Uzbekistan are restricting access to online crypto trading platforms based outside the country and not registered under its laws. A presidential decree obliges citizens and local companies to only use digital asset exchanges licensed by the government of the Central Asian nation....
Robinhood to face class action lawsuit from meme stock debacle: Report
11.8.2022
It's been more than a year, but investors continue to make allegations against Robinhood following the January 2021 controversy around trading GameStop and AMC stocks
BlackRock announces the launch of a new private spot Bitcoin trust
11.8.2022
The move comes one week after its partnership with Coinbase to provide institutional clients with crypto trading access
South Korea's financial watchdog wants to 'quickly' review crypto legislation: Report
11.8.2022
The FSC will reportedly “make institutional supplements that will take a balanced approach to blockchain development, investor protection, and market stability" on bills proposed
BlackRock Doubles Down on Bitcoin, UNCTD vs. Crypto, DoJ Not Happy With Celsius + More News
11.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: BlackRock Doubles Down on Bitcoin, UNCTD vs. Crypto, DoJ Not Happy With Celsius + More News
Moroccan Capital Markets Regulator Launches Fintech Portal
11.8.2022
The Moroccan Capital Market Authority (AMMC), the capital markets regulatory body in Morocco, announced recently that it has launched a fintech portal on its website. The new portal has been created in order to facilitate exchanges between the regulator and “companies involved in...
Chinese Web Censor Resolves to Keep Cracking Down on Crypto After Closing 12K Social Media Accounts
11.8.2022
China’s internet censor has struck again – and says it will continue to carry out a national crypto crackdown after closing thousands of crypto-related social media accounts and ordering the deletion of tens of thousands of crypto-themed posts....
Read More: Chinese Web Censor Resolves to Keep...
Brian Armstrong Says the More Crypto Regulation, the Better for Coinbase — CEO Discusses Alleged SEC Investigation
11.8.2022
Coinbase CEO Brian Armstrong says “the more regulation there is for crypto, the better it is for Coinbase.” He revealed an inquiry from the U.S. Securities and Exchange Commission (SEC), noting: “We do not yet know if this inquiry will become a formal investigation.”...
Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada
10.8.2022
The past actions of bad actors has forced the country's regulators to take a tough stance on crypto exchanges
SBI Group reports investee getting CFTC approval for OTC derivatives trading in US
10.8.2022
Under the U.S. Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility