Search Results for "regulations"
Indian Supreme Court Expresses Discontent Over Lack of Crypto Regulations
The absence of defined rules and regulations governing cryptocurrencies in India has lately drawn the attention of the country's Supreme Court.
Ripple CEO Hopeful About US Crypto Regulatory Clarity
In a Twitter discussion, Ripple CEO Brad Garlinghouse expressed cautious optimism regarding US cryptocurrency regulation certainty in 2023. Ripple was sued by the SEC for selling unregistered XRP. Ripple refuted the charges, saying XRP is a money, not a security. The lawsuit has no end date.
PayPal Acquires UK Crypto License
PayPal has secured a cryptocurrency license from the UK's Financial Conduct Authority, marking a strategic move amid post-Brexit adjustments, and transitioning UK clients from PayPal Europe to a new UK-based entity.
Bitcoin ATM Installations Plunge in May, CoinRadar Data Shows
The ongoing ‘crypto winter’ is now reflected in the number of Bitcoin Automated Teller Machine (ATM) installations across the globe
Indonesia to Launch State-Backed Crypto Exchange by Mid-2023
Indonesia plans to launch a state-backed crypto exchange by mid-2023 to promote a more secure and transparent market, with greater regulatory oversight and investor protection.
Puerto Rico to Become a Prefered Destination for Crypto Investors, Establishing Friendly Taxation and Island Lifestyle
Under Act 60 or the Individual Investors Act, non-Puerto Rican residents get exempted from paying capital gains for investments realized, and this is one of the factors attracting crypto investors.
US, EU Regulators Vow to Remove Russian Banks from SWIFT Network
One of the latest sanctions from the western camp seeks to ban specific Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) in response to the Russian invasion of Ukraine.
US Banking Crisis Fuels Regulation Debate
The recent fall of major banks in the US has reignited discussions about the most effective ways to safeguard the economy. Economist Peter Schiff argues that increasing banking regulations could contribute to a worsening economic crisis, while a group of economists warns that nearly 190 US banks are at risk of depositor-driven collapse due to monetary policies.
Blockchain Firms To Benefit From SEC's Upward Review of Fundraising Limits For SMEs
The Securities and Exchange Commission has amended its maximum fundraising limit for Small and Medium Enterprises a move that will benefit smaller blockchain firms.
Nigerian Securities Commission to Release Official Guidelines on Crypto Regulations
The Nigeria Securities and Exchange Commission has announced a proposed crypto regulation guideline.
European Crypto Startups See Record VC Investment in 2022
Despite a challenging year for the crypto industry in 2022, VC investment in European crypto startups reached an all-time high of $5.7 billion, with decentralized finance startups seeing a 120% increase in investments. Europe is also home to the highest number of crypto startups, but lags behind the US in unicorns and startups with over $1 million in funding. Investment in financial service-based startups declined by 19% compared to 2021, while infrastructure grew by 24%. The EU's Markets in Crypto-Assets regulations are set for a final vote in April 2023.
UK NatWest Bank Restricts Daily Transfer Amount to Crypto Exchanges, Including Binance
To prevent the occurrence of fraud-related incidents, NatWest bank has tightened restrictions on crypto-related activities followed by the U.K. financial watchdog imposing restrictions on crypto exchanges.