A bill will be introduced by Republican Brad Sherman in the House, which is directed at cracking down businesses in the United States that handle crypto transactions for Russian individuals and banks. On Thursday, Sherman spoke at a hybrid markup meeting that was conducted with the House Financial Services Committee. That’s when he disclosed that […]
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A deputy governor of the Reserve Bank of India (RBI) talked about cryptocurrencies and called them similar to Ponzi schemes. The governor of the central bank in India said that it is not possible to regulate cryptocurrencies. He said that regulating them would be futile and banning them was a better option. T. Rabi Sankar […]
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Even though it has one of the largest crypto economies globally, it is quite surprising to discover that India has yet to have a defined and clear regulatory framework for these digital assets. Nirmala Sitharaman, the Indian finance minister, has said that it is possible that this regulatory uncertainty would persist for a while longer […]
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The Government of Oman is inviting interest from the private sector in developing a two-phase regulatory framework for digital currencies in the country. Concerns regarding cryptocurrencies have forced the Government in Oman to come up with a plan to meet the challenges ahead. It has therefore been proposed by the Omani Government that they a […]
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The US has one of the biggest digital currency markets in the world but still, crypto adoption in the country is not very much promising as it should be. However, the good thing is that 25% of the adult American population are keen on investing their monies into cryptocurrencies very soon which has been proven […]
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In the past 7 days alone, approximately 2.5 billion dollars NFT sales have been concluded which reflects a whopping increase in the sales by 161%. Almost all of the NFT sales were carried out through the Ethereum blockchain while only a fraction of the sales were hosted by Solana. Even in 2022, the market of […]
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International crypto exchange platform Binance has seen its Turkish branch fined over $700,000 by Turkey’s financial watchdog due to failure to meet its AML standards. Turkey’s Financial Crimes Investigation Board (MASAK) has now levied enforcement action against Binance Turkey as the exchange has failed the regulatory body’s audit done for Anti-Money Laundering (AML) compliance. Crypto […]
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There was a new presentation released which revealed the way (ASIC) the Australian Securities and Investments Commission has figured out about the pump and dumps unethical activities and schemes in the crypto industry. And how the stock market has become the victim of it too. On December 28, another presentation was published from an unknown […]
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Profunds Group’s ProShares has revealed its plan to join the increasingly hot crypto Metaverse race in an announcement through its spokesperson. ProShares announced that it had applied with the United States financial watchdog, the SEC, to enable the company to issue crypto Metaverse leveraged ETFs at home and abroad successfully. The US-based company prides itself […]
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An unprecedented cryptocurrency bill may soon be passed into law by the Brazilian Senate in Brazil. The country’s Congressional Chamber has already approved the Bill of Deputies. The Bill, if eventually it is legislated, will see an unprecedented comprehensive regulation across all sectors of the country. The Bill was developed to cater to the cryptocurrency […]
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