An ECB-backed digital currency would revamp the traditional banking system.
Cryptocurrency usage in Singapore is on the rise. Hence, the need for better crypto regulations to guide crypto activities in the country. In line with this, the Monetary Authority of Singapore (MAS) has proposed several new crypto regulations. According to...
The majority of digital-asset providers that were applied for a license operate crypto wallets and exchange platforms.
For the last few weeks, the blockchain community had been waiting for the new regulations that were rumored to be proposed imminently. There were widespread speculations about their nature and effect on blockchain's future. A lot of worse case ideas were being heard, including those hinting at an end to private custody or sort of a blanket wallet ban. They were finally proposed...
The license allows Bitpanda to offer regulated services under legislation governing digital asset service providers.
The need for the regulation of digital currencies has received backing from the G7 financial officials. These G7 financial officials consist of central bankers and finance ministers from the Group of Seven (G7) advanced economies. The U.S. Treasury Department recently released a statement that shows that the G7 finance officials have strongly supported that digital currencies should be regulated, as...
Failing to disclose data or deliberately providing false information is a criminal offense.
Many see regulations as an impediment to innovation and success. This view is pervasive in the decentralized crypto ecosystem. There are those, however, who maintain a different point of view. An article posted by Entrepreneur posits that fintech regulations can be a good thing and bring about innovation in the industry. The article...
Jeremy Allaire said that he is hopeful from Biden Administration to present a clear crypto regulatory framework.
The whole crypto ecosystem was built on the foundation of decentralization; to hand over the final control into the hands of the common man. However, as days are passing by, this ecosystem is turning more and more centralized, which defies the purpose of blockchain and cryptocurrencies. In many countries, crypto regulations are a “gray area.” While some countries have defined some regulations for...
The country’s legislative body said more time is needed to build the relevant tax infrastructure.
Securitize will be capable of offering blockchain-based securities and at some point its own secondary marketplace.
Scholz invited US President-elect Joe Biden to join a Franco-German proposal aimed to tackle crypto risks.
As the cryptocurrency market marches ahead for the next bull run, the buzz for crypto banks is on the rise. In his recent interview with Forbes, Brian Books, the acting chief of the Office of the Comptroller of the...
The Ministry of Finance has drafted amendments to jail citizens for undeclared cryptocurrencies.
The watchdog introduced a crypto regulatory framework last year.
The guidelines were first released in January 2020.
The amount of crypto deposits must be commensurate with the customer’s trading volumes, assessed on a quarterly basis.
The country does not regulate the issuance and circulation of cryptocurrencies.
Fundstrat Global Advisors has recently released a report backing the recent regulatory action in the crypto market. Fundstrat strategists - David Grider, Ken Xuan, and Tom Lee - wrote that...
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