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.
Singapore Aims at Becoming the World’s Main Business Hub for Crypto
Singapore is striving to establish itself as a global key hub for crypto business activities. The city state's head of the financial regulator said the best way to regulate crypto is "not to clamp down or ban these things".
Australia’s Securities Regulator Approves the Launch of Crypto ETFs
Australia Securities and Investments Commission (ASIC) has finally opened the door for crypto ETFs to trade on Australian stock exchanges.
Nearly 100% of Bitcoin Supply Slides Back to Profitability Amid an awaiting Greenlight to ETF Approval
99.02% of all BTC supply is now in profit.
Crypto Can Stir Radical Improvements in Financial Services: BoE Deputy Gov
Deputy Governor of the Bank of England, Sir John Cunliffe has pointed out that cryptos are viable enough to push “radical improvements in financial services.”
US SEC Likely to Delay Bitcoin Futures ETFs Until 2022: CFRA Investment Research Firm
According to CFRA ETF and mutual research firm, the US SEC is likely to delay decisions on whether to approve applications of Bitcoin futures ETFs until 2022.
Crypto Lender Celsius Raises $400M as Investors Shun Regulatory Crackdowns
Kentucky-based digital asset lending platform Celsius Network has announced its latest $400 million fundraisers as led by WestCap and CDPQ.
JP Morgan CEO Jamie Dimon Calls Bitcoin ‘Worthless’
Jamie Dimon, the CEO of JPMorgan bank, still remains a critic of Bitcoin and once again calls the cryptocurrency worthless.
Regulatory Uncertainty Keeps the Securities Company Out of Cryptocurrency: Citadel's CEO
Citadel’s chief has clarified that regulatory uncertainty around cryptocurrency keeps the securities firm away from investing in crypto assets.
Crypto Users Stand at 300M, Representing Nearly 3.7% of the Global Population
Crypto adoption continues to experience an uptick, given that users are currently at the 300 million mark.
The U.S. Government Should Not be Involved in Regulating Crypto: Elon Musk
Elon Musk, speaking at the Code Conference in Beverly Hills, California, said the government should steer clear of regulating the nascent crypto ecosystem.
Swiss Market Watchdog Approves First Regulated Crypto Fund for Investors
The Swiss Financial Market Supervisory Authority (FINMA) has approved a launch of the first regulated cryptocurrency investment fund restricted only for qualified investors.
Binance Exchange Halts Major Crypto Services in Singapore
Binance has announced that with effect from October 26, users from Singapore will not be able to access the most basic functions of the Binance.com platform
Huobi Global Announces it is Moving Out of China as Clampdown Intensifies
Huobi Global, one of the world’s largest digital currency trading platforms has announced it will gradually unwind its services in mainland China
The Central Bank of China Reiterates All Crypto-related Transactions are Illegal
The Chinese government once again stepped up its suppression of cryptocurrency transactions, and the Chinese central bank stated that all cryptocurrency-related transactions are illegal.
Reasons behind Monday’s Crypto Market Sell-off Panic: Evergrande Group shaky Bankruptcy Threat Ahead
The fall down of the Chinese real estate giant Evergrande Group swept the entire cryptocurrency market. Evergrande’s financial crisis caused investors to worry about China’s catastrophic debt default, which caused panic selling in the market.