The United Kingdom’s National Audit Office (NAO) has voiced doubts over the FCA’s ability to effectively oversee the cryptocurrency market. According to the NAO’s latest report, “Financial services regulation: adapting to change,” the FCA is allegedly dragging its feet when it comes to responding to and prosecuting illegal activity inside
December 11, 2023 2 mins read
As part of its ongoing effort to improve its advertising standards, Google has now announced changes to its crypto advertisements policy that target Cryptocurrency Coin Trusts in particular. Financial instruments known as Cryptocurrency Coin Trusts provide the easy trading of shares in trusts holding large amounts of cryptocurrencies. However, instead
December 10, 2023 1 min read
Tether, the stablecoin issuer, said on December 9 that it is launching a voluntary wallet-freezing policy as part of its ongoing efforts to cooperate with regulatory and law enforcement organizations. Tether has been imposing restrictions on the secondary market to block transactions with Sanctioned individuals on the OFAC Specially Designated
December 9, 2023 2 mins read
From May 18, 2022, till the present, the Terra Luna Classic community has burned 85 billion LUNC. The community’s efforts to decrease the amount of LUNC circulating have reached another milestone. Almost 43.6 billion LUNC, or more than 51% of the total LUNC burnt thus far, have come from Binance.
December 9, 2023 2 mins read
Nearly a thousand cryptocurrency exchanges that were servicing Kazakh residents without the necessary authorization were blocked in 2023 by the country’s Financial Monitoring Agency (FMA). In 2023, the FMA blocked access to 980 illicit platforms, according to a news release issued on the government website on December 7. As for
December 8, 2023 1 min read
An updated spot Bitcoin ETF application was filed to the United States SEC on Friday by VanEck, a mutual fund and ETF management firm. The “HODL” ticker symbol will designate the VanEck spot Bitcoin ETF on the exchange. According to an S-1 filing with the United States SEC on December 8,
December 8, 2023 2 mins read
A senior Indian politician in charge of the country’s financial development has said that the country is not expected to introduce a crypto or Web3-specific legislative measure until at least the middle of 2025. Chair of the Standing Committee on Finance Jayant Sinha was speaking at the India Blockchain Week
December 7, 2023 2 mins read
A new tax system for businesses with cryptocurrency holdings as long-term assets is being prepared to be implemented in Japan. Positioning Japan as an influential participant in the fast-growing digital economy is a larger goal, and this step is only one component of that plan. Japanese lawmakers from the Liberal
December 7, 2023 2 mins read
Leading decentralized cloud service io.net recently revealed a partnership with the Filecoin community, which is a big milestone for the decentralized data storage industry. By collaborating with Filecoin Storage Providers (SPs), io.net gives SPs the chance to expand their revenue streams and use cases, which enhances the return on hardware expenditures.
December 6, 2023 3 mins read
Swiss asset manager Pando takes a giant leap forward in its expansion plans in the U.S. In an official move to enter the competition for the highly anticipated U.S. spot Bitcoin ETF, the business submitted a 19b-4 to the Chicago Board Options Exchange (CBOE) on December 5. As a result
December 5, 2023 2 mins read
