A UBS survey finds that central bankers see benefits in investing in cryptocurrencies like bitcoin. 28% see benefits from cryptocurrency being an uncorrelated asset and “11% would consider it as an alternative to gold.” Central […]
Singapore crypto exchange Bybit is set to tighten its customers verification procedures In an effort to increase customer safety, Bybit is planning to update Know Your Customer (KYC) procedures for its users. The new procedures, […]
The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising […]
Bitcoin miners have recently flocked into Kazakhstan after China began a major crackdown on crypto mining and trading. Bitcoin mining machines use electricity to create new coins Kazakhstan will tax cryptocurrency mining activities beginning 2022, […]
Around 4,000 institutional funds with almost 2 trillion euros in assets under management in Germany can now invest 20% of their portfolios in cryptocurrency, including bitcoin. The highly anticipated Fund Location Act (Fondsstandortgesetz) went into […]
Robo-advising platform Robinhood has been fined by the FINRA The Financial Industry Regulatory Authority disclosed yesterday that it had fined Robinhood $57 million. The company had also been ordered to pay a further $12.6 million […]
Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support […]
The CIMA says it’s investigating Binance regarding the exchange’s the British Overseas Territory. The Cayman Islands Monetary Authority (CIMA) has announced it has not licensed Binance to offer its services in the territory. On Friday, […]
With South Africa receiving more than its fair share of cryptocurrency-related scams, a report suggests that regulators are responding to this challenge by fast-tracking the process of creating a new regulatory framework. As a result, […]
The Bank of France governor Francois Villeroy de Galhau is the latest official to express his view on Digital Yuan’s impact to the current system China continues drawing scrutiny and criticism as it develops and tests […]
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