South African Banking Regulator: ‘De-risking’ Crypto Firms Potentially Creates ‘Opacity in Financial Conduct’

In accordance with the newest steerage notice issued by the South African banking sector regulator, Prudential Authority, danger evaluation doesn’t imply monetary establishments ought to keep away from or remove dangers through... Read more »

British Fintech Revolut Granted Crypto License in Cyprus

U.Ok.-based digital financial institution Revolut has been approved by Cyprus to offer cryptocurrency companies to hundreds of thousands of consumers on the Previous Continent. The fintech agency says the regulatory approval will... Read more »

UN Agency Urges Authorities to Curb Cryptocurrency Expansion in Developing Countries

A United Nations commerce physique has advisable a set of coverage actions to “curb the growth of cryptocurrencies in creating international locations.” The intergovernmental group pressured that if cryptocurrencies change into a... Read more »

President of Central Bank of Brazil Disagrees With ‘Heavy Hand’ Regulations for Cryptocurrencies

The president of the Central Financial institution of Brazil, Roberto Campos Neto, has defended the usage of extra average rules within the crypto atmosphere. Campos Neto said that whereas regulation is certainly... Read more »

Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates

It’s unlawful to purchase or promote cryptocurrency in Iran, the top of the nation’s financial authority has just lately reminded residents and companies. The governor famous, nonetheless, that mining cryptocurrencies and utilizing... Read more »

India Freezes Peter Thiel-Backed Vauld’s Crypto and Bank Assets Worth $46 Million

India’s Enforcement Directorate (ED) has frozen crypto alternate Vauld’s crypto and financial institution property price about INR 370 crore ($46,439,181). Vauld halted deposits and withdrawals final month. The Indian regulation enforcement company... Read more »

India’s ED freezes $46 million of Vauld’s funds on money-laundering charges

Singapore-based Crypto Lender Vauld is dealing with cash laundering fees in India after $46.5 million (3.70 billion Indian rupees) was frozen from its native entity, Flipvolt Expertise. India’s Enforcement Directorate (ED) confirmed... Read more »

Crypto Market Dips Below $1T as Recession Fears Loom

Key Takeaways The cryptocurrency market suffered a correction Tuesday, with the Ethereum ecosystem taking a giant hit. The dip comes as markets brace for main earnings reviews, the following Federal Reserve assembly,... Read more »

El Salvador’s ‘My First Bitcoin:’ How to teach a nation about crypto

The grassroots Mi Primer Bitcoin or “My First Bitcoin” program has picked up steam in El Salvador. The primary cohort of Bitcoiner-come-students started research in Could this 12 months. Based by John Dennehy,... Read more »

Brazilian Congress Fails to Vote on Cryptocurrency Bill, Next Discussion Scheduled for September

The Brazilian Congress failed to handle a proposed cryptocurrency invoice this week. Whereas the proposed public coverage was certainly on the agenda, the deputy chamber centered on discussing payments that are likely... Read more »