Banks grapple with integrating these digital assets into their financial systems as cryptocurrencies continue to captivate consumers, investors, and financial institutions with their decentralized nature and the promise of greater economic freedom. While the allure of lower-cost transaction processing and increased efficiency is undeniable, compliance and regulation concerns have surfaced,
In a resounding display of unity, the Group of Seven (G-7) intergovernmental political forum has voiced its unwavering dedication to embracing the upcoming regulations for overseeing crypto assets set forth by the Financial Stability Board (FSB). Additionally, the G-7 has reaffirmed its support for the International Monetary Fund’s (IMF) guidelines
This Wednesday, a European crypto investment company named Greenfield launched a report on the State of European Crypto. This report is the first edition based on crypto regulation of 2023 which would probably enhance the European ecosystem. By understanding the analysis with the learnings, Greenfield launched the report with respect
The regulatory uncertainty is already having an impact on the cryptocurrency market. As evidenced by the widely publicized new lawsuit between Coinbase and the United States Securities and Exchange Commission (SEC), is now gaining steam in the community. Following the exchange’s stance against the SEC, Coinbase CEO Brian Armstrong starts
Voyager, a broker in the exciting world of cryptocurrency, has taken to Twitter to share some shocking news with its followers. Furthermore, the company has received a letter from Binance U.S., informing them that the asset purchase agreement between the two parties has been terminated. 1/ Today we received a
According to a British lawmaker, the UK could implement regulations governing digital assets within the next 12 months. The economic secretary to the U.K. Treasury, Andrew Griffith, stated in an interview with CNBC on April 17 that the long-term goal is to “let firms make the most of the opportunities
The latest action by the Indian government to tighten control over digital assets is the imposition of anti-money laundering regulations on the cryptocurrency industry. According to reports, the Finance Ministry specified that the regulation against money laundering has been applied to cryptocurrency trading, storage. And also associated financial services. The
Despite the challenging global economic conditions, central bank officials strive to stabilize Asia’s third-largest economy. As the Indian Finance Minister Nirmala Sitharaman stated in a LokSabha question hour, the Group of 20 (G20) big economies are exploring “the possibility of regulating cryptocurrencies and crypto mining” as a group. While China
The disagreement over Panama’s crypto legislation has allowed the Supreme Court of that nation to rule on the future of the nation’s crypto market. The so-called “crypto bill” submitted to the high court for review on January 26 by Panamanian President Laurentino Cortizo. He said it violated the fundamental values
The UK-based cryptocurrency app Tap Global becomes the first new member of 2023 to be listed on the Aquis Stock Exchange (AQSE), according to a press statement issued by the organization on January 10. The Company, formerly known as Quetzal Capital Plc ‘Quetzal’, has been listed on AQSE as a
