Regulation

Investment in the crypto space soared in 2021. Globally, crypto projects attracted over $30 billion, compared to $5.4 billion in 2020. In its Pulse in Fintech report, KPMG points to an “incredible increase in recognition of crypto’s potential in fintech. According to the multinational ‘Big Four’ accounting firm, 2021 saw a surging interest in crypto and blockchain in the fintech world. Established institutional players explored what roles crypto can play in financial...

Michael Saylor – the man behind MicroStrategy, a software firm that’s made a name for itself buying bitcoin – is confident proper regulation would help the crypto space become more legitimate. He thinks the right rules will be a “catalyst” for BTC, the world’s number one digital currency by market cap. Michael Saylor Is Pro Regulation In a recent interview, Saylor said: Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and...

Anton Siluanov – Russia’s Minister of Finance – believes local financial institutions should have a universal license to facilitate cryptocurrency trading services. His viewpoint stands far from the central bank’s proposal to impose a complete ban on all digital asset endeavors. Another Vote in Favor of Regulation A few weeks ago, Russia’s central bank urged the local government to impose a blanket ban on all digital asset endeavors inside its borders. The institution argued...

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The United Arab Emirates (UAE) is emerging as one of the world’s most crypto-friendly regimes as it launches programs to assist local crypto development and regulation. Even the Dubai World Trade Center (DWTC), a government-owned event and exposition site in Dubai, has declared that it would become a complete zone and regulator of cryptocurrencies, operators, and exchanges. Another project based out of Dubai, Last Hopium, is an NFT drop aimed to use blockchain technology to...

BTC briefly accounted for almost 42% of the overall crypto market cap in late January, according to the statistics from CoinMarketCap and TradingView.Bitcoin (BTC), since the jump, has been the biggest thing in the crypto scene. Its dominance for some time was unrivaled as the digital coin somewhat decided the outcome of the market with its performances, taking altcoins along for a ride in either win or loss scenarios.The influx of new altcoins into the crypto market, all with the same...

The world’s leading digital asset platform – Binance – is reportedly looking into expanding its services to Russia and its neighboring countries. The company believes there is a lot of prospect for new regulations in the area that could boost its business. Russia Is an Attractive Region for Binance Earlier this year, it seemed like Russia would follow China’s path and impose a total crypto ban after a proposal from the country’s central bank. Shortly after, though, the...

The prices of the world’s major cryptocurrencies – including bitcoin and Ethereum – have crashed this week. Bitcoin, for example, has fallen below $33,000 per unit, while Ethereum is down to about $2,300. At the center of all this is a new executive order that Joe Biden is set to issue. The order will ask the Fed and other financial agencies in the U.S. to look at cryptocurrency and determine the risks and opportunities that come with the space. The U.S. Is Looking to Implement New Crypto...

Joe Biden’s administration wants to clarify once and for all the regulatory landscape surrounding the crypto sphere —taking the opportunity to exert greater control over the industry. Apparently, within the next few weeks, it is expected that the White House will issue an executive order declaring the regulation of cryptocurrencies as a matter of national security – which would raise the priority level that different federal agencies would have to assign to their efforts to...

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network...