According to new reports, the lower house of the Federal Assembly of Russia, State Duma, described cryptocurrency as a “dangerous financial tool” for private investors. That said, the government arm recently announced plans to implement a regulatory framework around trading cryptos. Commenting on the matter, Anatoly Aksakov—Head of the Duma Committee on the Financial Market—argued […]
According to a Brazil federal deputy, Aureo Ribeiro, Bitcoin (BTC) could soon become a recognized currency for payments in Brazil. Ribeiro noted that the potential approval of Bill 2.303/15, which focuses on cryptocurrency regulation, will create new uses for crypto holders, including purchasing houses, cars, and other products. These comments come following the approval of […]
A new report published by the Bank of International Settlements (BIS) and a group of central banks assert that digital currency can foster faster settlements and cheaper transfers. About two weeks ago, the head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, asserted that central banks must pick up the mandate and […]
The US Congress will vote on the $1 trillion bipartisan infrastructure bill on Thursday, and House Speaker Nancy Pelosi is confident a ruling will pass. According to the letter released by the Speaker’s office yesterday, a four-day debate will take place before the final legislation, which will help fund roads, bridges, schools, and many other […]
The US Treasury Department announced on Tuesday that it has launched a new set of actions targeted at cryptocurrency exchanges “responsible for laundering ransoms.” It termed it the whole-of-government action to curb ransomware attacks. The organization added entities to the Office of Foreign Assets Control (OFAC)’s list of Specially Designated Nationals. The official report from […]
Nasdaq-listed cryptocurrency exchange Coinbase has announced that it will no longer proceed with its plan to launch a Lending program amid a legal action threat from the US Securities and Exchange Commission (SEC). The giant crypto exchange made the announcement last Friday, detailing that: “Our goal is to create great products for our customers and […]
In July, South Korea notified cryptocurrency exchanges and wallet operators to register with the FIU and comply with the new stipulated regulatory requirement before September 24 or risk getting shut down. Reports show that only one crypto exchange has complied and received licensing to continue operations. That said, 59 cryptocurrency exchanges could go out of […]
Binance continues to fall on the wrong side with regulatory authorities across the globe, despite increased efforts to be of best practice. Reports show that US authorities are probing the behemoth cryptocurrency exchange for insider trading and market manipulation. While this new probe comes from the Commodity Futures Trading Commission (CFTC), the Justice Department (DOJ) […]
“I am actually trading because I learn a lot of important life lessons from it. Trading helps me get to know myself. It helps me think about why I believe things and why I do things.” – Van Eekelen Name: Michael PlattDate of Birth: 12 December 1968Nationality: BritishOccupation: Hedge fund titan CareerBorn in Preston, England, […]
