Providers of digital payment tokens (DPTs) pose serious threats to the integrity of the anti-money-laundering (AML) system, according to Singapore’s most recent Money Laundering National Risk Assessment (MLNRA). Not included in the 2014 report, this one’s 126 pages are packed with additional dangers. Providers of DPT services and traders of
The Indian rupee dived 0.2% to an all-time low of 83.6512 against the U.S. dollar, surpassing the early low of 83.5750 hit in April, according to the Bloomberg-compiled prices. The current low was amid continuous foreign fund outflows in the equity market and the strengthening of the greenback. This decline
The president of Argentina, Javier Milei, posted on X on Wednesday, June 19, to voice his support for Bitcoin and other cryptocurrencies in a free and competitive market. Milei has never before addressed Bitcoin in this context, despite his well-known support for the cryptocurrency. Following comments made by former VanEck
Jeremy Allaire, the founder of Circle Internet Financial Ltd, the firm behind USDC stablecoin, recently went on X to express his continued confidence for the future of cryptocurrency, especially stablecoins. He reiterated his heightened optimism over the ecosystem in his lengthy post. Allaire summarized the progress made by the cryptocurrency
After almost three years of divergence, inflation in the United Kingdom is again back on track with the BoE’s long-term goal of 2%. There was much conjecture that the Bank of England may decrease interest rates this year in response to falling UK inflation. Additionally, cryptocurrency usage in the UK
Hong Kong has drawn market attention in the past few months with its progress toward digital asset adoption. Currently, the impending agenda in the nation is the introduction of a licensing system for crypto-fiat exchanges. The CFO of OSL Group, a leading crypto exchange in the Chinese capital, discussed the
Consensys, a blockchain software company announced that the U.S. Securities and Exchange Commission’s enforcement division has notified the company that it is closing its investigation into Ethereum 2.0 –the crypto community has greatly celebrated this news. In its official tweet posted hours ago, it wrote “Ethereum survives the SEC,” adding,
The price of zkSync (ZK) has dropped 16.15% in the last 24 hours. And over half of the top wallets that got the token on Monday, June 17, have already sold their entire allotment in the airdrop. While the early load caused some network troubles. The non-profit zkSync Association—which was
The biggest notable outflow since March 22 was $600 million last week from digital asset exchange-traded products and funds, according to a report dated June 17. The majority of the withdrawals came from Bitcoin investment vehicles, as stated in the most recent CoinShares “Weekly Asset Fund Flows” report. The opposite
The Tanzanian Government has announced amendments to its Income Tax Act including a 3% tax for crypto traders recently. Notably, the Tanzanian government has made further advancements to its finance system in the following days. According to the proposal, the Minister for Finance, Dr. Mwigulu Lameck Nchemba Madelu, suggested amendment
