REGULATION
Cryptocurrencies are not issued by a monetary authority, are not controlled or regulated and their price is determined by the supply and demand of their market.
Virginia Senate Votes to Support New Bill by Permitting Banks to Offer Crypto Custody Services
Based on the unanimous vote from the Virginia Senate, the proposed bill amendment introduced on January 22 this year by Delegate Christopher T. Head sought to allow eligible banks to offer cryptocurrency custody services.
Circle Delays Launching DeFi API Product, Cites Needs for more Regulatory Guidances
Circle is calling for clearer regulatory guidance for the launch of its DeFi API product.
Payments Firm FIS Worldpay Taps Shyft Network, Enhance Global Crypto Regulation Compliance
FIS Worldpay wants to enable its merchants to comply with crypto-related regulations defined by FATF rules.
Binance Exchange Makes Strategic Venture Investment in Malaysian MX Global
Malaysian-based fintech and trading platform- MX Global has announced the onboarding of Binance exchange as a strategic investor in the company.
Brazilian Senate Committee on Economic Affairs Approves Crypto Regulation Bill
Crypto regulation on Brazilian soil gained steam after the senate’s economic affairs committee approved a bill highlighting the ground rules and day-to-day usage of digital currency funds.
Kazakhstan Energy Ministry Cracks Down on Illegal PoW Mining
The Committee for Nuclear and Energy Supervision and Control of the Ministry of Energy of the Republic of Kazakhstan has taken a more aggressive approach to curb PoW mining in the country.
UAE to Strive for Virtual Service Provider Licenses before Q2
In a bid to become a global crypto hub, the United Arab Emirates (UAE) is gearing up to issue federal licenses to virtual asset service providers (VASPs) by the end of Q1 2022.
Preemptive Measures Needed to Regulate Crypto Market, FSB Says
Regulators need to take preemptive measures, bringing the crypto market to obey rules and regulations as risks from the sector could grow quickly, the Financial Stability Board said.
Hungarian Central Bank Governor Advocates EU Wide Crypto Ban
The Governor of the Hungarian Central Bank, György Matolcsy, recommended that all cryptocurrency-focused activities including trading and mining should be banned across the European Union.
Canadian Lawmaker Introduces Bill, Seeking to Aid Crypto Industry's Growth
Michelle Rempel Garner, a member of the House of Commons of Canada, has introduced a bill that seeks to provide leeway for crypto and their ecosystem to thrive in the country.
Georgia State Becomes next Mining Hub, Bitcoin Miners Enjoy its Green Energy
The exodus of crypto mining operations out of China massively has become a blessing in disguise to the United States, given that it now takes the lion’s share.
Golden Gate University Establishes Blockchain Law for Social Good Center to Aid Regulation
The Golden Gate University School of Law has teamed up with Algorand Foundation to set up Blockchain Law for Social Good Center to eliminate regulatory scepticism.
India's Proposed 30% Tax on Digital Asset Implies Recognition of Cryptos
India's decision to regulate cryptocurrencies by introducing a high crypto tax rate of up to 30% on all transactions involving digital assets is an indication that the government recognizes cryptocurrency transactions as valid.
Crypto Mom Flags New Proposal From SEC as Harmful for the DeFi Ecosystem
Hester Peirce, popularly known in the digital currency ecosystem as “Crypto Mom” has issued a note of warning that a new proposal from the commission can significantly hurt the Decentralized Finance (DeFi) ecosystem.
India Chooses to Regulate Crypto, Will Levy 30% Taxes on Income Earned from All Digital Assets
In a dramatic turn of events, India has decided to regulate cryptocurrencies with a major move introducing crypto taxation on all transactions involving digital assets.