Within the next half-year, lawmakers in the UK want to enact new regulations on cryptocurrency staking and stablecoins. The government is striving aggressively to adopt the new law before this year’s general election, according to Bloomberg, which Economic Secretary to the Treasury Bim Afolami said at a Coinbase-hosted crypto event
A resolution prohibiting financial institutions in Honduras from dealing with cryptocurrency was issued by the National Banking and Securities Commission of Honduras (CNBS). Due to the lack of regulation, the Honduran central bank said that it is unable to guarantee cryptocurrency transactions. Users of blockchain-based financial services and cryptocurrencies may
Cryptocurrency regulation is necessary to reduce financial crimes, particularly money laundering, says Adedeji Owonibi, Co-founder of A&D Forensics, a blockchain intelligence service provider in Nigeria. At a Blockchain and Digital Forensics firm’s training for crypto compliance professionals on February 9th, Owonibi brought this up. He brought out the fact that
A growing number of people are using cryptocurrency investing to diversify their portfolios and perhaps make large financial profits. On the other hand, investors in cryptocurrencies may be exposed to significant financial risk due to the market’s extreme volatility. In order to protect their money and negotiate this treacherous landscape,
On February 6, the U.S SEC established new regulations that would expand its registration requirements, encourage more market players to become members of a self-regulatory group, and ensure compliance with federal securities laws and regulations. Crypto and decentralized finance (DeFi) may be subject to further regulation under the new laws.
Cryptocurrency mixers or blenders, are infamous for their involvement in money laundering; South Korea is considering regulating them in an effort to curtail illegal financial activity. Concerned about criminal groups’ abuse of crypto mixers, the nation’s Financial Intelligence Unit (FIU) is considering potential solutions. Importantly, this action is being taken
While the world eagerly awaits the green light for a Bitcoin ETF, a lesser-known digital asset index, the XDC index, has already secured regulatory approval through its partnership with Vinter. This strategic move opens the door for a wave of innovative financial products, potentially giving XDC a head start in
China appears to be embracing the digital asset revolution, signaling a major shift in its stance on cryptocurrencies. Despite a strict crypto trading ban in 2021 that led to a market shack, the country is now expressing a newfound commitment to the development of the crypto industry. The Ministry of
ATLANTA & NEW YORK–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology and market infrastructure, and Blockstream, a leader in blockchain technologies and financial cryptography, today announced the addition of cryptocurrency options data to the Cryptocurrency Data Feed offered via the ICE Consolidated Feed. Launched by ICE
As 2023 draws to a close, the crypto landscape stands as a testament to unprecedented highs and regulatory battles, with bears holding sway for extended periods. Yet, the resilience of market bulls has been constant, fiercely contending despite their struggle to maintain prolonged momentum. This fleeting strength prompts contemplation among
