The Singapore jurisdiction strives to empower its business and economy through productive transformation. As the world is very eager to run into the digital world, the future is purely dependent on blockchain and scalable technologies. Thus, the BAS community is developing its network to be more effective to work in
South Korea is debating four crypto-related bills for cryptocurrency regulation. The regulators are into the research process of analyzing 578 cryptocurrencies in various methods, according to the Chairman. The Financial Services Commission (FSC), the country’s top financial regulator, is also planning to regulate the crypto industry. Chairman Eun Sung-soo stated
Binance announced its implementation of crypto intelligence firm CipherTrace’s “Traveler”, a system that will comply with the global “travel rule. CipherTrace, the leading cryptocurrency intelligence firm, connects virtual currencies and financial services, as well as fraud prevention, anti-money laundering, and financial crime prevention. According to a Thursday announcement, Traveler will
Denmark’s biggest bank, Dankse Bank just published their official position on cryptocurrencies. The bank advises its customers to be cautious while buying crypto. However, the bank does not advise its customers not to buy it. The bank has provided guidelines for its customers to be cautious while investing. However, did
Wopke Hoekstra, Dutch Finance Minister raised voice against the cryptocurrency ban in the country. Instead he suggested an effective regulation for crypto rather than total ban. Pieter Hasekamp, Netherland’s local officials advocated a total ban on cryptocurrency. The local news agency NU.nl shared the report last Friday. The reason he
Unlicensed DeFi is not only a bad idea but illegal too, says Berkovitz. Any platform that trades or processes swaps be registered as DCM or SEF. Allowing unregulated derivatives will compete with fully regulated entities. Dan M. Berkovitz, Commissioner of the Commodity Futures Trading Commission (CFTC), thinks that DeFi derivatives
