As the Russian de-dollarization mission continues, it was reported that the MFA Russia – Ministry of Foreign Affairs – is looking to replace the US Dollar not just with other fiat currencies but also with cryptocurrencies. In an interview with Interfax, a…
The team of seven progressive economic countries has recently been debating over the CBDCs (Central-Bank-Digital-Currencies) this week and concluded that no harm should be done by them, and severe standards would be executed in this respect. A meeting was arranged among the…
During 2020, there had been high rates regarding the adoption of cryptocurrency in Turkey. It is apparent by the statistics that the country was considered one among those having broader exposure to cryptocurrency across the globe. The polls highlighted that almost 16%…
As per the latest reports, the Swiss national postal service has announced that it has adopted cryptocurrencies. However, the national postal service has adopted cryptocurrencies technology in a different fashion. The national postal service has announced that it has introduced tradable digital…
Over the years, Facebook has expressed its interest in blockchain technology as well as cryptocurrencies. Recently, the social media giant announced that it had decided to set aside a fund of $50 million that would be used for research and XRP programs…
In the latest filing, the SEC (Securities-and-Exchange-Commission) of the United States contradicted with the request of Ripple as well as Chris Larsen (the co-founder thereof) to respond to the cross-examinations regarding the Howay-test’s applicability for deciding about XRP’s status. More recently, the…
Suex, a Russian based virtual asset broker, has been put on a ban by the Department of US State Treasury. The reason told for imposition of ban was the alleged involvement of Suex in activities leading to allegations of money laundering. Treasury…
No easy get going for world’s biggest crypto firm Binance as it hasn’t been able to get over with its ongoing tussle with the worldwide regulators that a new, but relatively bigger problem, has surfaced. This time the issue is not one…
As per reports, the United States court has set a deadline for the United States Securities and Exchange Commission until the 3rd of September to reply to the petition filed to force the regulatory body to give information on the XRP assets…
The crypto exchange responded that it has definitely been working with localized regulators in South Africa and is currently not offering any sort of financial advisory service or negotiation services to people. Binance issued an official response recently claiming that they had…
As the law to make Bitcoin a legal tender goes into effect, El Salvador’s leading newspaper has started tracking BTC’s price to help the citizens adopt the new currency. Starting today, businesses in El Salvador have to offer Bitcoin payment services. In…
The Chair of The United Kingdom’s Financial Conduct Authority has warned the regulators regarding the over-reach of regulatory authorities. The chair of The United Kingdom’s Financial Conduct Authority also said that protecting the consumer investment is the sole responsibility of regulators, but…
The Securities and Exchange Commission is quite interested in knowing what is going on within the area of smart contract-centered crypto assets, Victor Fang said. The SEC of the United States of America has allegedly struck a $125k agreement with blockchain research…
When it comes to cryptocurrency and digital assets adoption by a traditional financial institution, no one does it better than Sber Bank. Sber is considered the largest Russian banking institution, and it is making huge moves into the crypto-digital assets space. The…
When Bitcoin began over a decade ago, its creator initially envisioned it type of currency or form of payment. But as time went on, it became quite obvious that Bitcoin became a lot more than the creator(s) Satoshi Nakamoto envisioned. While there…
Koh Seung-beom, a candidate for FSC (Financial Services Commission) chair, expressed that the crypto assets would not work successfully in the form of financial instruments. He went on to further state that they could not even operate as physical currency. Digital assets:…
Binance is the most awarded crypto exchange anywhere in the world, but it is having a hard time for the last few months since being in a feud with many regulatory authorities around the world but especially the UK. Binance tried to…
As per the latest reports, Cuba has made an announcement in regards to the adoption of cryptocurrencies for payments. Cuba has announced that it is in the process of recognizing cryptocurrencies as a means for payments. For this purpose, Cuba will be…
Applications for the license of the two latest Ethereum-based funds, which are exchange-traded, have been submitted by companies named ProShares and VanEck. Thus, the total number of ETF filings is now 23. Both the companies have disclosed their intentions for Ethereum –based…
KYC (know your customer) is a policy most commonly practiced and upheld by crypto exchanges working around the globe. According to this specific policy, any and all customers looking forward to registering themselves with a respective crypto exchange must declare any personal…
