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UAE Financial Watchdog Set To Regulate Crypto By 2022
20.1.2021
The Dubai Financial Services Authority (DFSA) has announced plans to implement new regulations for cryptocurrencies in its business plan brochure for the years 2021 to 2022.
“We will build upon recent achievements in this space over the business planning period through developing a regulatory...
Former Canadian Prime Minister Mentions Bitcoin Alongside Gold as Alternative Reserve Currencies
20.1.2021
Former Canadian prime minister Stephen Harper has mentioned bitcoin alongside gold as assets that can possibly act as alternative reserve currencies. However, the former premier still argues that despite the growing questions about the dollar’s reserve status, he does not see any real...
Australian Bitcoin Trader Sues Banks for Systematic Discrimination
19.1.2021
An Australian bitcoin trader has filed a lawsuit against two of the country’s biggest commercial banks, accusing them of systematic discrimination when they closed his accounts on short notice. Allan Flynn is demanding compensation of AU$250,000 ($193,000) from ANZ and Westpac banks...
ETH price sets new all-time high, gains financial momentum to go further
19.1.2021
Technical indicators related to Ether suggest that a move past the $2,000 range might be in the books — but how soon?
Dubai financial regulator working on regulations for cryptocurrencies
19.1.2021
The Dubai Financial Services Authority is reportedly looking to introduce two crypto-related consultation papers as part of its business plan in 2021
EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities
19.1.2021
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s...
Coinbase Joins $6M Funding Round for Licensed Middle-East Exchange Rain Financial
18.1.2021
The $6 million Series A round was led by Middle-Eastern VC firm MEVP Capital
Africa to bring 100 million users to DeFi in three years from now, says founder of Cardano
15.1.2021
Cardano founder Charles Hoskinson predicts that the DeFi revolution will take place in the developing world
British financial advisor calls on the gov’t to ban crypto transactions
15.1.2021
Veteran financial advisor Neil Liversidge came to the U.K. Government and Parliament with a petition to ban crypto transactions
Galaxy enters Bitcoin mining, launches financial services unit for miners
15.1.2021
Mike Novogratz's Galaxy Digital is launching its own Bitcoin mining operations and creating a new business unit dedicated to providing financial services to miners
Galaxy Digital Launches Proprietary Mining, Miner Financial Services
14.1.2021
Galaxy has launched its proprietary mining and miner financial services operations
Survey: The Number of US Financial Advisors Allocating to Crypto in Client Portfolios Jumped 49% in 2020
14.1.2021
A survey reveals that the number of U.S. financial advisors allocating to crypto in their clients’ portfolios surged significantly from 2019. The figures show that it rose 49% in 2020, from 6.3% to 9.4%. A Vast Majority of the Advisors Also Have Personal Crypto Investments According to...
Financial advisers are betting on Bitcoin as a hedge
13.1.2021
A new Bitwise survey highlights a more favorable attitude towards Bitcoin and cryptocurrencies
Financial Censorship After Capitol Riot ‘Truly Chilling,’ Says OCC Chief Brian Brooks
13.1.2021
“Money might be controlled by a handful of elites,” the departing bank regulator said at a Wednesday event. “Crypto is about freedom.”
Most US Financial Advisors Want to up Crypto Holdings in 2021 – Survey
13.1.2021
American financial advisors are growing increasingly crypto-keen, with a survey of almost 1,000 professionals in December showing that no advisors were looking to offload crypto holdings over the year ahead.
The findings were compiled in a report about financial advisers and their crypto-related...
New Zealand Watchdog Issues Warning on Crypto Investments Following Bitcoin’s Latest Price Drop
13.1.2021
New Zealand’s financial regulator issued a warning alert to local cryptocurrency investors and traders amid the recent bitcoin’s price action. The Financial Markets Authority (FMA) asks people to remain cautious because cryptos are “high risk and highly volatile assets.”...
Number of financial planners investing in crypto increases by 50%
13.1.2021
A survey published by Bitwise has found that nearly 10% of investment advisors have made client portfolio allocations into crypto assets
New Zealand’s Financial Watchdog Warns on Crypto Investment Risks
12.1.2021
The warning comes a day after the regulator's U.K. counterpart, the Financial Conduct Authority, also raised similar concerns
IFEX International Financial Virtual Expo to Be Held on February 10–11
12.1.2021
AFAQ Group, MENA region’s renowned exhibitions organizer, has announced the launch of the International Financial Virtual Expo—IFEX, February 10–11, 2021. The event will bring together leading brands in the online trading, fintech, banking, digital assets, blockchain, and payments sphere,...
UK Government Asks Crypto Industry to Provide Insights on Its Regulatory Approach
12.1.2021
Her Majesty’s Treasury in the U.K. issued a document that details a series of proposals addressing the crypto community. With the consultation, the Treasury is initiating a “regulatory approach to cryptoassets and stablecoins” for 2021 following the Brexit turmoil. Special Focus...