Dubai, which has been a major hub for digital currencies over the years, is enhancing its profile in part because of the DFSA, the area’s regulating body. The organization has now unveiled…
Category: Regulation
The Audit by Mazars Shows Binance Is Overcollateralized
Binance was the first large crypto exchange to react to the FTX debacle by hiring an external auditor to prove that the company does not have any solvency issues and that its…
Investors Should Be Worried As 10,000 Bitcoin Have Just Been Moved
Just when the overall cryptocurrency industry started witnessing a recovery, an alarming revelation has been made about 10,000 Bitcoin (BTC). Bitcoin is also among the assets that had recently started moving in…
Janet Yellen Says More Oversight Needed After FTX Collapse
A growing number of leaders in Washington is demanding action after the crypto exchange FTX collapsed in spectacular fashion in just a week’s time. Now it appears that US Treasury Secretary, Janet…
BlockFi Pauses the Option for Withdrawal After FTX Collapse
The collapse of the FTX crypto exchange is reverberating from coast to coast, as state regulators in California have announced an investigation into the exchange. In addition, BlockFi, the crypto exchange based…
FTX Token to Decline Further, Japan Requests FTX Japan to Cease Operations
November seems to be the worst month for the FTX exchange. From the 8th of the month until now, several countries have asked FTX to cease its operations in their jurisdictions. FSA’s…
Analysts Expect A Surge In XRP Price As Coinbase Backs Ripple Against SEC
Coinbase, the second-largest cryptocurrency exchange has recently made it to the headlines, emerging as the Ripple supporter against the US SEC. Ripple Gets More Support Ripple Labs has been fighting its legal…
In 12 Months, Energy Usage Of Bitcoin Surges 41%, Regulatory Risks To Rise
The energy consumption for Bitcoin (BTC) has continued rising and the growth rate has been significantly higher in the running year. YoY Increase in Energy Consumption According to data, the year-over-year (YoY)…
Argentinian Taxpayers Asked To Amend Statements As Per Their Crypto Holdings
Inaccuracies and mis-declarations have been noticed by the Argentine Tax Authority (AFIP) in the annual statements filed by Argentinian taxpayers. According to the local Argentinian news sources, crypto exchanges as well as…
Moscow Sees Massive Growth in Number of Bitcoin-Powered ATMs
Not even the war has been effective in curtailing the growth of crypto activity in Russia, particularly in Moscow. Instead, the interest in digital currencies and activities relating thereto have increased tremendously…
Crypto Industry in the UAE is to Make Major Waves throughout the International Market
The UAE has been making waves in recent years as it tries to become one of the biggest and boldest tech hubs in the world. And as it continues to invest in…
Visa Files Trademark Applications For Different Crypto Products
Two trademark applications have been filed Visa that covers a wide array of crypto products and services, which includes the payments giant’s own crypto wallet. The filings also contain a mention of…
El Salvador And Lugano Have Signed An Economic Agreement Citing Similar Interests
El Salvador, a Central American country, and Lugano, a southern city in Switzerland have signed a new agreement. The reports claim that it is an economic cooperation agreement signed between both regions….
IRS Updates Instructions Related To Crypto For Tax Filing
The 2022 draft instructions applicable to tax form 1040 have a crypto section and there were some updates made to it by the Internal Revenue Service (IRS). The tax agency stated that…
Spain Becomes Third Biggest Hub for Crypto ATMs, Overtaking El Salvador
Spain has officially become home to the third-biggest network of crypto ATMs, with the US and Canada in first and second place. As of now, Spain has 215 crypto ATMs, which puts…
Israel Has Announced Digital Bonds’ Live Tests That Are Tokenize In Nature
The Ministry of Finance of Israel has recently made an announcement regarding digital bond trading. The Ministry has announced that it has launched a live test for the digital bonds trading service,…
Exchange Traded Fund For Bitcoin To Be Liquidated Close To October’s Conclusion, Announces Valkyrie Funds
One of the major fund managers for cryptocurrencies in the United States ‘Valkyrie Funds’ recently had a sad announcement for the crypto community. The fund manager announced that they have decided that…
Telegram Witnessing An Interest Decline For Cryptocurrency Channels In Russia
Multiple analysis firms are expecting a decline in the audience for the Telegram cryptocurrency channels after the implementation of EU sanctions on Russia. It is expected that the audience would continue shrinking…
A New Cryptocurrency Protection Tool Comes To Life And Mastercard Has Created It
Mastercard, the financial service provider has announced the launch of a new tool that is to offer a utility that is related to risk management. Mastercard Launches a New Service On October…
Blackrock Has Filed For Approval Of A Metaverse Exchange Traded Fund At SEC
Blackrock, the largest asset manager in the entire world in terms of assets under management (AUM) has recently submitted a file to the US SEC. Blackrock is interested to gain more exposure…