While Bitcoin and other crypto have their proven use cases, the Russian President is not yet convinced that crypto could be used for settlements in international oil transactions.
The IMF said that “cryptoization,” or the use adoption of cryptocurrency as a national currency, might not be the best route for countries wanting to boost their economies.
While Russia bans crypto payments, the country won’t follow the footsteps of China and won’t issue a sweeping ban on crypto trading.
The newly established committee will study the regulations and initiatives of other countries such as Dubai, Malaysia, the Philippines, the EU, and Singapore, etc., and propose a suitable framework for Sri Lanka.
The planned restriction on crypto purchases is aimed at protecting retail investors from potential losses due to “emotional” crypto purchases.
To promote the use of Bitcoin among its residents, the government has introduced a fuel subsidy for locals who use BTC to pay for their petrol.
Crypto firms are required to set up their own internal processes to monitor potential breaches of the conflict of interest rule within one month.
Bitmain, one of the largest Bitcoin mining equipment manufacturers in the world, is reportedly planning to exit from the Chinese market.
SEBA Bank AG just became the first financial institution to gain the approval of a Swiss crypto custody license. The Swiss-based crypto services-focused bank announced that it secured the approval of a CISA license fr…
Starting October 26, Singapore-based users will no longer be able to access fiat deposit services, liquid swap, crypto spot trading, and buy crypto through fiat channels on its website.
The total value of the crypto market fell by 9 percent to a low of around $1.8 trillion on Friday at 7:15 a.m. EDT losing $188 billion within three hours after China’s recent crackdown on crypto mining and trading.
Crypto exchange Binance will no longer offer futures, options, and leveraged tokens to Australian clients.
To continue operating in the country, crypto exchanges must secure approval and be registered with the Financial Intelligence Unit (FIU), which operates under the Financial Services Commission (FSC).
Minister Hong Nam-ki expressed his opposition to the proposed postponement and wants the crypto tax code to take into effect as originally planned.
El Salvador will reportedly exempt foreign investors from paying any income tax as well as capital gains tax on Bitcoin earnings to encourage foreign investments.
The crypto bill, which was first set into motion in 2020, is now being forwarded to President Volodymyr Zelenskyy for signing.
Former RBI Deputy Governor Rama Subramaniam Gandhi acknowledged that crypto is anonymous and independent in nature by design but opined that every society can make its own rules as far as taxation and traceability are…
The BitConnect scheme, described as a “textbook Ponzi scheme,” defrauded over $2 billion from investors globally.
El Salvador President Nayib Bukele confirmed in a Twitter post that accepting Bitcoin is not mandatory.
The bank’s new crypto custody service is aimed at the growing institutional and retail interest for digital assets in the country.
Authorities arrested two persons allegedly involved in the scam, which led to the discovery of the storage device containing Ether.
Ghe National Securities Market Commission (CNMV) issued a warning to the public on 12 entities including crypto exchanges Huobi and Bybit, saying that the entities are not registered with the regulator.
Grayscale Investments views the statement made by SEC Chairman Gary Gensler as a positive development.
CFTC commissioner Brian Quintenz declared that cryptocurrencies are commodities and should fall under CFTC’s jurisdiction just as securities should be regulated by the SEC.
Unlike El Salvador’s case, the bill is not proposing the use of any crypto such as Bitcoin as legal tender.
The proposed bill will allow homeowners to use crypto for paying their mortgages while allowing the real estate sector to use their own crypto to invest in mortgage pools.
Industry sources claim that it will be impossible for these crypto exchanges to get the FSC’s approval for the continued operations of their businesses in the country.
While critics have argued about crypto’s potential use in criminal activities, Michele Korver ultimately views digital currencies as just another means of payment.
The Israeli Bitcoin Association (IBA) pointed out that other assets are not subject to such reporting requirements.
The survey revealed that 11 percent said that they were ready to receive digital ruble for the salaries.
Kazakhstan contributes between six to eight percent of the world’s mining volume, becoming the third-largest source of newly-minted digital currencies such as Bitcoin in the world.
Goldman Sachs’s DeFi exchange-traded fund will target public companies and offer them exposure in decentralized finance (DeFi) and blockchain.
With the revisions, authorities will be able to access even those cryptocurrencies directly stored in their digital wallets starting next year.
Only 35 countries were considering a CBDC last year, according to a report released by the Atlantic Council in May 2020.
The police said that the crypto exchanges sold Bitcoin to fictitious and disreputable companies and facilitated their creators access to the country’s banking system.
The monetary authority made its announcement on Thursday during a webinar where it presented its digital currency initiative.
Beijing wants the U.S. senators who raised concerns over digital yuan’s use by U.S. athletes in next year’s Winter Olympics to “stop making trouble.”
The new insurance policy is tailored for medical workers in the Nanshan district of Shenzhen and offers compensation for COVID19 diagnosis or death caused by the coronavirus.
The lawmakers sent a letter urging Olympic officials to prohibit athletes from using the CBDC during the Beijing Winter Olympics next year due to potential privacy issues.
The ED is demanding that the Mumbai-based crypto exchange explain transactions worth 2,790.74 crores (around $372 million).
