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Central Bank of Sri Lanka completes proof-of-concept KYC platform
29.10.2021
Sri Lanka’s recent economic uncertainty seems to be the driving force behind its interest in cryptocurrency and the government's new exploration into KYC technology
Indian government is reportedly considering regulating crypto as a commodity
28.10.2021
Officials from India's Finance Ministry said any potential law on cryptocurrencies would likely come around the time the government submits the Union Budget of India in February
Fortnite Boss Slams Billionaire Tax He Doesn't Seem To Fully Understand
28.10.2021
Surprise, surprise, Epic Games founder, Tim Sweeney, is not a fan of the new billionaire tax being proposed in Congress at the moment. The CEO of the company, which prints money thanks to Fortnite, said the tax would possibly “end founder control” of Epic Games, calling into question whether...
El Salvador Buys More Bitcoin: 420 BTC Added to Treasury
28.10.2021
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has bought the dip again. The Salvadoran government has purchased a total of 1,120 bitcoins, currently worth more than $68 million. El Salvador’s Bitcoin Holdings Grow El Salvador has bought the dip again...
Indian Crypto Regulation Is Planned for February: Report
28.10.2021
The Indian government is reportedly planning to introduce cryptocurrency regulation by the time of the next general Budget, which is in February next year. Instead of banning cryptocurrencies, like bitcoin, the government is likely to regulate crypto assets as commodities, according to reports....
Biden's pick for CFTC chair wants the agency to be a 'beat cop' with the authority to oversee 60% of digital asset market
27.10.2021
Rostin Behnam said it was "critically important to have a primary cop on on the beat" of an emerging market that included cryptocurrencies and stablecoins
Privacy or policy? Why Facebook's crypto wallet Novi is facing resistance
27.10.2021
Facebook’s Novi wallet lets users send and receive a dollar-pegged stablecoin, but not hold it
Putting a cap on decentralization: How regulation impacts DeFi adoption
27.10.2021
As legislation threatens to allow centralization to creep into the DeFi space, regulation could have complex effects on the adoption
Dubai finance watchdog approves listing of Bitcoin fund
27.10.2021
The DFSA is establishing itself as an innovative regulator for the region by focusing on fintech and innovative technology
Germany Auctions Bitcoin Seized From Darknet: Bargain Hunters Flock to Buy Cheap BTC
27.10.2021
German authorities are auctioning bitcoin seized from the darknet in cybercrime cases. The auction website reportedly experienced high traffic to bitcoin listings, with 4,000 new registered users over the past few days. German Government Auctioning Seized Bitcoin The Justice Ministry of North...
Dubai regulator announces new regulations for investment tokens
26.10.2021
The UAE continues to be one of the most friendly jurisdictions worldwide for the digital asset industry
UK FCA grants registration to crypto startup Crypterium
26.10.2021
Crypterium’s cryptocurrency wallet application is available in more than 170 countries, the company says
Colombian Government Might Take Unused Funds From Bank Accounts Inactive for a Year
26.10.2021
The budget law for the next year, which was recently approved by the Colombian representative’s chamber, includes a controversial article that allows the state to confiscate a bank customer’s funds to be used for budgetary purposes. Under certain circumstances defined by the...
Law Decoded: Post-ETF policy landscape and Novi fears, Oct. 18–25
25.10.2021
The Bitcoin ETF approval has been the biggest, but by no means the only, policy-related story of the last week
BNY Mellon Urges Ireland to Adopt Crypto Rules Before EU Regulations, Report Reveals
25.10.2021
As authorities in the EU are still discussing union-wide cryptocurrency regulations, a major U.S. bank has reportedly lobbied the Irish government to adopt its own rules for the space. BNY Mellon launched its digital asset business in Ireland this year to provide custodian services to institutional...
Nigerian president to unveil eNaira central bank digital currency
25.10.2021
The Nigerian central bank digital currency was originally slated for launch earlier this month but was delayed
Bitfarms Mega-Mining Facility Raises Concerns Among Legislators in Argentina
25.10.2021
The construction of a bitcoin mega-mining farm in Argentina by Bitfarms is raising concerns for legislators. Martín Berhongaray, a national deputy, recently presented a resolution to force the government to disclose information about the installation of the facility, through representatives...
US Government Unrealized Gains Tax Plans Might Hit Crypto 'Billionaires' Too
25.10.2021
American stocks and crypto holders are braced for another tax-themed body blow from the government, with House Speaker Nancy Pelosi claiming that a “wealth tax” – an unrealized capital gains levy – on its way to Congress as early as this week after striking an “agreement” on a spending plan in...
Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February
24.10.2021
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital...
Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector
24.10.2021
The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies....