Regulation

Andrew James Bragg, Australia’s senator for New South Wales, recently acknowledged that cryptocurrency enthusiasts in the country are very eager to receive regulations on their activities in the country. Demand for Regulation Continues to Increase In an official statement on Tuesday, Bragg noted that a clear and comprehensive regulatory framework for digital assets will increase market stability, among other things. Bragg, who is currently serving as the chairman of the...

As the cryptocurrency industry progresses to mainstream adoption, investors seek to understand more about this rapidly growing industry and how they can increase their exposure to it. On Monday, Nov. 1, 2021, the American multinational investment bank Morgan Stanley published a report on cryptocurrencies for its wealth management clients. Incoming Regulations In the document, strategists at Morgan Stanley Research gave a detailed analysis of the various activities, sectors,...

Bankers and government officials around the world are proving more welcoming to crypto than ever before. Tharman Shanmugaratnam – Singapore’s Central Bank Chairman – recently stated that cryptocurrency has a place in the country’s financial sector. All it needs are some regulations around illicit finance. A Place For Stablecoins The chairman showed his support at the Asia Financial Markets Forum on Wednesday. He said that the technology’s financial use-cases could extend...

[Featured Content] Just like cryptocurrency prices, adoption is also on the rise. But is cryptocurrency accessible to everyone in the world? Perhaps not. While most coins are designed to be freely accessible by anyone worldwide, they are still not because of the various safety concerns and regulations around buying and selling crypto that worry people from entering the crypto world. Forint Finance aims to make buying and trading cryptocurrency accessible to the average...

Thanks to the growing influence of stablecoins on the financial system, regulators across the world are racing to regulate the sector. The stablecoins realm is a step closer to achieving regulatory clarity as the US Securities and Exchange Commission (SEC) has geared up to propose legislation and supervise the $131 billion industry. US Financial Watchdog Readies Stablecoin Regulations Citing sources familiar with the matter, Bloomberg reports that developments surrounding...

Following the growing interest in cryptocurrencies globally, the Senate’s Committee on Australia as a Technology and Financial Center has recommended that the country should establish favorable digital asset regulations to promote the development of the industry. Fostering Crypto Growth The committee said in a report published by Reuters today that the proposed laws should focus on issuing tax discounts for crypto trading and establishing a licensing regime for exchanges,...

In a recent statement, Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – made a case for creating a whole new regulation department to oversee the processing of cryptocurrency transactions. Coinbase Has Some Big Ideas Regarding Crypto Regulation Right now, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are tasked with examining crypto activity and digital processes. However, these...

Infinity8 awarded Best NFT Marketplace at Crypto Expo Dubai 2021, only a few months after launching at the AmfAR gala in July. Sacha Jafri, the world’s second highest-selling living artist, shined brightly at the AmfAR gala during the Cannes film festival in the south of France. The extravagant event celebrated its 27th edition with Sharon Stone as a speaker, and Alicia Keys delivered a brilliant performance in a continuous attempt to raise funds for AIDS and Covid -19...

The Bank of England’s new deputy governor Jon Cunliffe is telling regulators to get to work quickly when it comes to the growing cryptocurrency space. Jon Cunliffe Says Regulation Is a Must Digital currencies were ultimately created to push credit cards, fiat, and checks to the side. Basically, anything that’s issued by a bank or traditional financial institution. The world of crypto is designed to ensure that all traders and users can have the one thing that standard...

Although the regulatory approval is still pending, the popular blockchain project Elrond Network has already agreed to purchase Capital Financial Services S.A – the company licensed to operate an Electronic Money Institution (EMI) in the Euro Economic Area. The press release shared with CryptoPotato explained that Capital Financial Services S.A. is a principal member of two of the largest global financial corporations – Visa and Mastercard. This allows the firm to provide...