United States Jan 04, 2022 02:00
Estonia is preparing new laws against money laundering
Starting in February, Estonia will make drastic changes to its definition of Virtual Asset Service Providers or VASPs, to include more services regarding cryptocurrencies – a move that could affect the holding of Bitcoin (BTC) in the country – according to the Sumsub, the European compliance specialist. On September 21, the Estonian Ministry of Finance […]
View Details Author: Whaletank TeamUnited States Dec 30, 2021 10:25
The FTX Exchange offers a $1 million prize for banks to accept stablecoins
Stablecoins such as the USDT and USDC are under control in the United States, with some lawmakers calling for even more regulatory oversight of the industry. The FTX exchange for cryptocurrency derivatives is now asking banks to address and discuss the possibility of accepting stablecoins in exchange for a $1 million reward. In a Twitter […]
View Details Author: Whaletank TeamUnited States Dec 27, 2021 02:01
Staking and Proof of Stake – What do these terms mean?
In response to the growing demand for energy in the Proof-of-Work protocols, abbreviated PoW, there has been a trend towards staking. In short, staking is the act by which an investor assigns and blocks a certain amount of crypto in a protocol in order to receive rewards in return. Users can secure their network by […]
View Details Author: Whaletank TeamUnited States Dec 23, 2021 02:00
FSB identifies stablecoins and crypto as threats to the financial system
In an annual report released on Friday, the U.S. Financial Stability Board, or FSOC, expressed concern about the adoption of stablecoins and other digital assets. A call coming from the council asks for much closer cooperation between the federal and state authorities in the United States of America with regard to the regulation of cryptos. […]
View Details Author: Whaletank TeamUnited States Dec 22, 2021 02:05
Dubai World Trade Centre will become a crypto hub and regulatory body
The United Arab Emirates (UAE) continues to emerge as one of the largest cryptocurrencies-friendly jurisdictions in the world, as the Dubai government has begun to take a new initiative in order to support the development and regulation of cryptocurrencies, and now by through it Dubai World Trade. Dubai World Trade Centre (DWTC), which is a […]
View Details Author: Whaletank TeamUnited States Dec 17, 2021 10:25
Russia between cryptocurrencies ban or legalize trading in 2022
On Thursday we’ve seen a lot of controversial reports on the state of the crypto-regulatory matter appear in Russia. First, we saw a Reuters report which indicated that Russia’s Central Bank is seeking a cryptocurrencies ban, placing the reasoning for this on the risks in regard to financial stability and the explosive volume of transactions. […]
View Details Author: Whaletank TeamUnited States Dec 17, 2021 10:25
Myanmar Shadow Government Declares USDT as Official Currency
Myanmar’s shadow government, the National Unity Government (NUG), led by supporters of the now incarcerated leader Aung San Suu Kyi, has recently declared that the US-based Tether (USDT) stablecoin is now an official currency for local use. Tether, or USDT, is a stablecoin – which means its value is linked to that of the dollar, […]
View Details Author: Whaletank TeamUnited States Dec 15, 2021 10:30
Elon Musk bets on Dogecoin again
Tesla CEO Elon Musk believes that Bitcoin (BTC) is not as good for day-to-day payments as the famous meme-based cryptocurrency, Dogecoin (DOGE). Musk compared BTC, the world’s largest cryptocurrency, to DOGE, in a recent interview with Time Magazine shortly after being named Person of the Year 2021 by Time. Fundamentally, bitcoin is not a good […]
View Details Author: Whaletank TeamUnited States Dec 14, 2021 02:05
South Africa to protect investors against highly risky cryptocurrencies
Unathi Kamlana, who is the commissioner of the South African Financial Conduct Authority, has talked about the government’s launch of a crypto framework that would be aimed at mitigating any potential highly risky cryptocurrencies. According to a report from Bloomberg on Friday, Unathi Kamlana said that the financial regulator intends to introduce a regulatory framework […]
View Details Author: Whaletank TeamUnited States Dec 10, 2021 02:01
The Bank of Thailand prevent banks from cryptocurrency trading
The Bank of Thailand has stated that it does not want the commercial banks in the country to be directly involved in the trading of cryptocurrencies. The edict came right from the central bank’s chief executive, Chayawadee Chai-Anant, on Dec. 7, citing risks associated with high price volatility, according to cointelegraph “We don’t want banks […]
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