MAS is actively enhancing its surveillance of the expanding cryptocurrency market. The central bank would soon consult the public on potential stable coin regulations. Tharman Shanmugaratnam, the minister in charge of the Monetary Authority of Singapore, said that the central bank evaluates stablecoin laws and that it will review the
With the cryptocurrency market in freefall, investors and funds are looking for utility-based projects that provide real-world value. Companies building despite market conditions continue to develop, grow and support the entire ecosystem. The utility can come in many different shapes and sizes, although the utility desperately needed throughout the industry
Binance’s U.S. affiliate declared that it will halt trading in the AMP token. Only Amp (AMP) is available on the Binance.US platform out of the nine claimed. After the Securities and Exchange Commission (SEC) classified Flexa’s AMP token as a security, Binance’s U.S. affiliate declared that it will halt trading
The Australian Transaction Reports and Analysis Centre (AUSTRAC) granted approval. Huobi will be looking forward to concentrating on OTC services the most. The Huobi global exchange has received complete authorization to operate in Australia and supply its services. The Australian Transaction Reports and Analysis Centre (AUSTRAC) granted Huobi, one of
In May, Talos disclosed a $105 million Series B fundraising round, valued at $1.25 billion. The total cryptocurrency market cap again reached $1 trillion. Talos, the largest supplier of institutional-grade technologies for trading digital assets co-founders Ethan Feldman and Anton Katz, stated that the cryptocurrency market will come back stronger
These quantities are lower than Israel’s prior 2019 transaction restrictions. Violators might face fines of 15% to 25% of the money involved. Citizens of Israel will be unable to utilize cash for transactions greater than $4,400, depending on the company they are dealing with, beginning Monday. Israel is increasing its
Voyager is accused by the agencies of making “false and misleading” assertions. Regulators demand that Voyager delete any and all claims and references. Embattled crypto business Voyager Digital was handed a stop and desist order by U.S. financial authorities from the Federal Reserve and Federal Deposit Insurance Corporation on Thursday.
Investors would have a difficult time complying with rules and regulations. Toomey criticized the agency’s approach to the crypto sector. Mark Cuban claims that the Securities and Exchange Commission’s regulation of how cryptocurrencies are registered would be nothing short of “a nightmare.” Shark Tank star and Dallas Mavericks owner shared
The Argentinian government prohibits crypto buyers from purchasing dollars. The bank will sell dollars to those that have not purchased crypto for 90 days. A new set of regulations from the Argentinian Central Bank have an impact on individuals and companies who have invested in cryptocurrencies as a hedge against
VARA has already awarded OKX a provisional license before approving Huobi. Huobi believes a regional headquarters for the exchange may be established in Dubai. The Dubai Virtual Assets Regulatory Authority (VARA) has awarded provisional approval to Huobi, according to a statement from the business. Huobi’s virtual asset exchange products and
