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.
UK Regulator FCA Opens Recruitment for Experts to Lead Crypto Department
The United Kingdom’s top market regulator, the Financial Conduct Authority (FCA) has put out an advert for an expert in digital currencies to come and head its crypto department.
Binance Gets the Green Light to Operate in Bahrain
Binance makes a new milestone after being granted a crypto-asset service provider license approved by the Central Bank of Bahrain (CBB).
EU Parliament Committee Rejects Proposal to Limit Proof-of-Work Crypto
The proposal could have limited the use of cryptocurrencies (such as Bitcoin and Ethereum) powered by an energy-intensive computing process known as proof-of-work.
Bank of Israel Issues Draft Regulations Regarding AML for Crypto Firms
The Bank of Israel has issued a new draft guideline to stakeholders in the cryptocurrency ecosystem as it relates to Anti-Money Laundering (AML) provisions.
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.