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CATEGORY: regulation news


Nov 23, 2022 06:15

El-Salvador submits New Bill to legalize Cryptocurrencies

The post El-Salvador submits New Bill to legalize Cryptocurrencies appeared first on Coinpedia Fintech News

El Salvador’s Economy Minister, Maria Luisa Hayem Brevé, has proposed a Digital Assets Issuance Bill. In this extensive document, a legal framework for the acceptance of all cryptocurrencies in El Salvador has been formally detailed and laid out.  ??#ULTIMAHORA??@nayibbukele presenta al congreso de el Salvador ???? la PRIMERA LEY DE ACTIVOS DIGITALES??Con esto se ampliaría …

Nov 22, 2022 09:55

These Countries Were Majorly Impacted by The FTX Collapse

The post These Countries Were Majorly Impacted by The FTX Collapse appeared first on Coinpedia Fintech News

The shock-waves sparked by the FTX and Alameda’s fallout have awakened regulators’ attention on centralized cryptocurrency exchanges. While the timeline for recovering FTX assets may take years, global regulators have taken this period to implement the proper crypto regulations. Following the proceeding of the voluntary chapter 11 bankruptcy filed, countries are now more aware of …

Nov 05, 2022 06:15

Crypto Giants Get Hugely Involved In The US Election Campaign Donations To Bypass Legal Scrutiny

The post Crypto Giants Get Hugely Involved In The US Election Campaign Donations To Bypass Legal Scrutiny appeared first on Coinpedia Fintech News

As the US midterm elections are around the corner, crypto giants of the space have come up investing massively in electoral campaigns to immensely influence the Republican and Democratic parties. A wide range of US politicians are finding a way out whether digital assets are capable of fetching more votes and leaving a footprint in …

Nov 03, 2022 06:15

India’s High Tax on Crypto Will Kill the Industry – Says Binance CEO

The post India’s High Tax on Crypto Will Kill the Industry – Says Binance CEO appeared first on Coinpedia Fintech News

Binance CEO Zhao Changpeng, during the Global fintech panel in Singapore, said that the high tax rates on crypto would kill the industry in India. These sentiments come after the government of India introduced a tax plan that has adversely affected the crypto industry in the country tremendously. Notably, a 30 percent tax rate on …

Nov 03, 2022 06:15

Union Bank of Philippines Launches Bitcoin & Ethereum Trading Services

The post <strong>Union Bank of Philippines Launches Bitcoin & Ethereum Trading Services</strong> appeared first on Coinpedia Fintech News

The Union Bank of the Philippines said on Nov. 2 that it had begun a trial program for custody and trading services for Bitcoin BTC $20,290 and Ether ETH $1,547 for a small group of retail customers. Union Bank went online on Harmonize, a digital asset platform developed by Metaco, a Swiss crypto technology company, …

Nov 01, 2022 09:55

Singapore Exploring Tokenized Fiat and Smart Contracts

The post Singapore Exploring Tokenized Fiat and Smart Contracts appeared first on Coinpedia Fintech News

DBS, a Singapore-based financial services business, is collaborating with Open Government Products, a Singapore government IT team, to establish a live test for the issue of purpose-bound money-based (PBM) vouchers. The vouchers are produced on a blockchain using tokenized Singapore dollars to enable “real-world” live transactions with particular merchants. This is a part of Project …

Oct 28, 2022 06:15

Retail Crypto Trading to be Legalized in Hong Kong

The post Retail Crypto Trading to be Legalized in Hong Kong appeared first on Coinpedia Fintech News

Hong Kong plans to implement new rules that will allow retail cryptocurrency trading there. The action is a deliberate step in a plan to establish a global crypto hub. The initiative, which is slated to go into effect in March of next year, will reportedly require bitcoin platforms to have licenses. Hong Kong is set …

Oct 25, 2022 06:15

“Pro-crypto” British Prime Minister in Reality “Anti-Crypto”? Decoding the Truth

The post “Pro-crypto” British Prime Minister in Reality “Anti-Crypto”? Decoding the Truth appeared first on Coinpedia Fintech News

According to Rishi Sunak, using cryptocurrency and blockchain technology can enhance people’s lives. However, his support for CBDCs has raised questions about his allegiances.  The pro-Crypto Reputation of Sunak Sunak won the Conservative leadership election on October 24 after Penny Mordaunt’s competitor was unable to secure the necessary 100 Member of Parliament nominations to move …

Oct 05, 2022 06:15

South Korea Court Rules No Interest Limitation Act On Crypto

The post South Korea Court Rules No Interest Limitation Act On Crypto appeared first on Coinpedia Fintech News

There are a lot of obstacles on the future road of the crypto space. Some prominent names consider the space a digital money bank, while some don’t even consider cryptocurrency money. Today, a court in South Korea has made it clear that any legal interest limit that applies to traditional money loans does not apply …

Sep 30, 2022 01:35

Kazakhstan Is All Set To Legalize Crypto In The Country As It Drafts Its First Crypto Law

The post Kazakhstan Is All Set To Legalize Crypto In The Country As It Drafts Its First Crypto Law appeared first on Coinpedia Fintech News

The future of the crypto sphere looks promising as countries around the world are taking a forward step toward legalizing and welcoming the crypto industry. This time it is Kazakhstan’s central authority that now seeks to regulate crypto by drafting its first law. Crypto Mining Needs To Be Regulated  Kazakhstan aims to dominate the field …

Sep 20, 2022 10:00

Ethereum Under SEC’s Radar – Claim Authority Over ETH Transactions

The post Ethereum Under SEC’s Radar – Claim Authority Over ETH Transactions appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Despite U.S. Securities and Exchange Commission’s (SEC) controversial claims over Ethereum (ETH) transactions, it has seen a price jump of 4 percent in the last 24 hours. SEC filed a lawsuit against Ian Balina, a crypto influencer, on September 19 claiming that he failed to register his digital assets before the 2018 ICO offering. However, …

Sep 16, 2022 06:15

Joe Biden Issues Crypto Framework To Regulate, The First Of Its Kind In The Country

The post Joe Biden Issues Crypto Framework To Regulate, The First Of Its Kind In The Country appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The overall crypto market is striving for a bull run as the global crypto market cap has lost $1 trillion level. The majority of the cryptocurrencies are trading red and this bear market is led by Bitcoin. Amidst such high volatility, today, September 16, the White House has introduced the pioneering framework for Crypto to …

Sep 05, 2022 09:55

No Ban on Cryptocurrency! Here’s what US Lawmakers Have to Say

The post No Ban on Cryptocurrency! Here’s what US Lawmakers Have to Say appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Brad Sherman, the Democratic Representative said the probability of banning cryptocurrencies is low in the foreseeable future, in an interview with Los Angeles Times. Sherman is the chair of the House subcommittee on investor protection and is considered a leading crypto skeptic. He claims that when crypto was in its nascent stage the US government …

Sep 01, 2022 06:15

California Assembly Passed Crypto Licensing Bill, Now Awaits Governor’s Signature

The post California Assembly Passed Crypto Licensing Bill, Now Awaits Governor’s Signature appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The California assembly has passed a crypto regulating bill that now requires cryptocurrency-related businesses to gain a special license to offer services to users in California. The crypto bill is now in the final process of becoming law in California.  California Is Aiming For Crypto Regulation On Monday, California Assembly member Timothy Grayson produced the …

Aug 24, 2022 06:15

Singapore Court Approves Three Arrows Capital’s Liquidation

The post Singapore Court Approves Three Arrows Capital’s Liquidation appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

On July 1, Three Arrows Capital filed for bankruptcy in New York, causing significant losses for the various other crypto companies. Genesis Trading reported hundreds of millions in losses and Voyager Digital filed for bankruptcy after the fund defaulted on $670 million of loans. Singapore-based crypto hedge fund Three Arrows Capital’s liquidators recently got approval …

Aug 23, 2022 06:15

Mark Cuban Criticize The U.S. SEC’s Approach to Regulation

The post Mark Cuban Criticize The U.S. SEC’s Approach to Regulation appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

U.S. Billionaire Mark Cuban in a recent tweet has criticized the U.S. Securities and Exchange Commission on how it approaches the crypto market.  Come in and talk to who ? Set up an appointment how ? You using Calendly these days ? Since you understand crypto lending/finances, why don't you just publish bright line guidelines …

Aug 05, 2022 09:23

SEC Says There Is No Reason To Treat the Crypto Market Differently

SEC Chair Gary Gensler states that he will work to get crypto registered and regulated. In a Twitter post, Gensler ...

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Aug 05, 2022 09:23

Ripple’s General Counsel Stuart Alderoty Calls the SEC a Bully

Ripple’s general counsel claims that the SEC is bullying the crypto markets by filing unproven allegations masquerading as regulation. The ...

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Aug 05, 2022 09:23

UK Law Commission’s Property Rules To Cover Crypto, NFTs

UK’s Law Commission has proposed to legally define digital assets as personal property. Digital assets like cryptocurrencies and NFTs will ...

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Jul 03, 2022 06:15

Mexican Senator Introduces Bill to Make Bitcoin a Legal Tender

The post Mexican Senator Introduces Bill to Make Bitcoin a Legal Tender appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Mexican Senator, Indira Kempis, proposed a bill in the assemble to make Bitcoin legal tender in the country. The reason given by the senator is that it will bridge the gap between access to financial products and education for the Mexican citizens.  Although Kempis had presented two proposals for law change in assembly in April …

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