Some banks in India warn customers with RBI notice. RBI clears up the commotion with the further announcement. RBI states that they didn’t ask banks to stop the services of exchanges. Leading banks in India have restricted virtual cryptocurrency services with the statement of RBI given on April 06, 2018.
Problems in the process of registering crypto firms. 77 new crypto firms submitted applications that are yet to review. FCA established a “Temporary Registration Regime”. Crypto firms are struggling to meet the Financial Conduct Authority’s anti-money laundering standards in the United Kingdom. The FCA had only registered five crypto businesses
XinFin (XDC) and Ethereum are two names that stand out as prominent in the circle of smart blockchain contracts. Both top the charts in the blockchain biome. But in recent times the majority of the crowd turns towards XinFin because its tops the chart On transaction with 2000TPS. This is
White House Officials monitor the gaps in the digital asset regulations and examine the fluctuations in the market, reports Washington on Tuesday. New Protocols for Crypto investors Washington reports that Biden Authorities meet other government staff to examine the risk involved in the crypto market. The Officials are researching the
The recent imposition of regulations all over the world has adversely affected the crypto industry profusely. Any impact on the crypto will be also passed down to the DeFi as well. In this case, DeFi too started to suffer along with the fall of the crypto market in recent times.
Ever Since last week, the complete crypto market is in a very miserable state of condition. This directly affected most of the crypto exchanges as well as top DeFi tokens too. Exchanges like Coinbase, Binance, Kraken, and Gemini are taken into account including DeFi tokens like Uniswap (UNI), Chainlink (LINK),
The Economic Times reports, Indian Government reconsiders its opinion on Cryptocurrencies in India rather than imposing a direct ban on crypto assets,Yesterday. The Economic Times exclusively revealed, India formed a new regulatory panel to discuss “outdated” platforms of crypto assets. The committee is created to gather information about Blockchain technology
The Central Bank of Bahrain collaborates with JPMorgan and Bank ABC. To introduce a cross-border payment solution on digital currency immediately. The new partnership includes the company’s digital currency-based division Onyx. On May 11, 2021, the Central Bank of Bahrain announced officially that it collaborates with JPMorgan and Bank ABC,
South Korea Banking Association alarmed by altcoin trading. The altcoin trading volume increased across crypto exchanges in the crypto. BTC price trades at 4.15% on Upbit and on Bithumb at 9.13%. South Korea’s banking concerns want crypto exchanges to be cautious about the risks of being exhausted to altcoins. Moreover,
The new head of the US SEC mentioned the need for investor protections for cryptocurrencies. Bitcoin and other cryptocurrencies have boomed since last year. Gary, the new chief of US Security and Exchange Commision recommends more investor protections needed for crypto assets. In addition, he specifically sees the attraction to
