Thu, September 24

Thailand SEC Imposes New Guidelines on Crypto Advertising

The risk warning, according to the Thailand SEC, must be both clear and prominent. The Thailand SEC said that promotion must be conducted via authorized means only. The Thailand SEC has lately reexamined advertising regulations and imposed certain new guidelines, including a mandate for companies to inform consumers of investing

September 3, 2022 2 mins read

Elon Musk Sends Second Termination Letter to Twitter

Musk gave whistleblower as the reason for terminating the $44 billion deal. But Musk and Twitter have both issued subpoenas demanding information on Zatko. Elon Musk, CEO of Tesla and the wealthiest man in the world, recently sent Twitter Inc. another notice of termination of their contract. This time, though,

August 31, 2022 2 mins read

Paraguay President Vetoes Crypto Mining Regulation

On Monday, President Mario Abdo Bentez of Paraguay rejected a law that would have controlled the commercialization of cryptocurrency mining and other digital asset operations. The president’s official account tweeted, “The Executive Branch objects to the bill that seeks to regulate crypto mining in the country.” According to the decree,

August 31, 2022 1 min read

Fed Reserve Eyes Payment Facilitation System ‘FedNow’ Launch

Brainard urged U.S. banks and software developers to prepare for the debut. The Vice-chair said the service’s use of cloud computing made it possible. FedNow, a new payment facilitation system that the Federal Reserve plans to roll out, may reduce the need for a central bank digital currency. It is

August 31, 2022 2 mins read

Reddit Co-founder Launches Crypto-Focused Venture

Investors will charge a 2.5% management fee after the official launch in October. In the past, Reddit introduced a new NFT-based avatar marketplace. Seven Seven Six, the VC company founded by Reddit co-founder Alexis Ohanian, is seeking to raise $177.60 million for a new crypto-focused fund named Kryptós. Kryptós purchases

August 30, 2022 2 mins read

Qatar Grants First Digital Payments License Ahead of FIFA Event

Earlier this month, Ripple’s partner, Tranglo, revealed plans to expand into the gulf. The acceptance of Apple Pay and Samsung Pay is a major development. The first license for digital payments has been awarded by the Central Bank of Qatar. The licensing of two electronic payment service providers, iPay by

August 30, 2022 2 mins read

South Korea Reportedly Planning To Remove Crypto ICO Ban

The government of the nation had outlawed ICOs in the crypto sector.  The BOK emphasized the need for industry oversight. To achieve a balance between promoting innovation and guaranteeing proper consumer protection measures, South Korea is actively examining its regulatory movements in the crypto market. The government of the nation

August 30, 2022 2 mins read

Iran Allows Trading and Imports Using Crypto to Avoid Sanctions

Iran has placed a $10 million import order with cryptocurrency in a historic first. Iran’s borders remain closed to cryptocurrency trading in 2019. Iran officially allows the use of cryptocurrency in trade and imports, according to Minister of Industry, Mines, and Trade Reza Fatemi Amin. This green light is an

August 30, 2022 1 min read

Singapore’s MAS To Introduce Restrictions Over Crypto Trading

Ravi Menon claims that the promise of substantial cost hikes is what draws them in. Despite warnings and safeguards, consumers are rapidly trading in cryptocurrencies. There is no denying that the use of cryptocurrencies is on the increase and that governments throughout the globe are eager to safeguard their citizens.

August 29, 2022 2 mins read

Dubai’s VARA Issues New Guidelines Over Crypto Promotions

These guidelines apply to all Virtual Assets Service Providers (VASPs) in the area. The objectives of the VARA apply to all kinds of outreach. Cryptocurrencies were always intended be utilized widely. Many large organizations and countries have publicly stated their support for cryptocurrency. In particular, Dubai has been on the

August 29, 2022 1 min read