According to the Financial Services Commission (FSC) in South Korea, foreign virtual asset services providers (VASPs), including cryptocurrency exchanges operating in the country, are mandated to register with the regulator before September 24th or risk getting blocked. As reported in April by Learn2Trade, South Korea has implemented a new regulatory requirement threatening heavy sanctions and […]
The European Commission introduced some legislative proposals on Tuesday to strengthen the European Union’s (EU) anti-money laundering and counter-terrorism (AML/CFT) rules. One part of the new proposal that stood out was the revision of the 2015 Regulation on Transfer of Funds “to trace transfers of crypto-assets.” The Commission explained that the proposal considers “new and […]
According to a recent study organized by Fidelity Digital Assets, seven out of ten global institutional investors (70%) will likely purchase cryptocurrency in the future. Meanwhile, 50% of the participants in the survey revealed that they already own cryptocurrencies. Most of the participants asserted that the highly volatile nature of digital assets was not enough […]
The Bank of Lithuania, the central bank of Lithuania, has joined the growing list of regulatory authorities to clamp down on Binance, the world’s largest cryptocurrency exchange. The bank recently issued a warning to Binance UAB about its unlicensed investment services provided in Lithuania. The bank also “ordered the company to ensure that its publicly […]
A POSITION TRADING STRATEGY FOR CRYPTOSAs it has been said before, the best way to make money from viable cryptos is to buy and hold them forever, since investments that are worthwhile are also investments that appear in your will. Apart from a ‘buy and hold’ method of investing, there are other ways to make […]
The Eastern province of Anhui in China has joined the growing list of Chinese regions to crack down on cryptocurrency mining companies and operations. According to local reports, authorities plan to shut down mining facilities in the province and prohibit new energy-intensive projects to manage the power deficit in the region. According to a local […]
“When I encounter traders who lack enthusiasm for trading, I know their foray into the financial markets will be short lived. They seem puzzled that their mediocre efforts, and a tendency to be pessimistic, haven’t led to a bank account full of gold.” – Louise Bedford Name: Greg CoffeyDate of birth: April 25, 1971Nationality: AustralianOccupation: […]
The behemoth payments company, Visa, announced on July 7 that it recorded over $1 billion worth of cryptocurrency expenditures in its customers across the globe through cryptocurrency-linked Visa cards in the first half of 2021. The multinational payments company noted that it is partnering with 50 top crypto platforms “to launch card programs that make […]
Only a few months after calling out Bitcoin for its immensely volatile nature and supposed impracticality, Bank of America (BofA) has now assembled a new designated research team with digital assets as its primary objective. Referencing an internal memo, Bloomberg recently reported that the behemoth multinational investment bank has become the latest of its class […]
