ESMA Asks For Unified Crypto Regulatory Framework

Europe’s top regulator warns that increasing inflation might push investors to the inspector. Meanwhile, the agency stresses that an imbalance exists in crypto regulation in Europe. Therefore, the regulator believes EU countries need a common crypto regulatory framework. ESMA Says Inflation Might Push Investors To Cryptocurrency  The European Securities and Markets Authority (ESMA) has shifted…

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US Lawmakers Introduce Bills forcing Crypto Exchanges to Cut off Russian Wallets

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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Indian Finance Minister to Consult before Banning or Regulating Crypto

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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Sultanate of Oman Wishes to Develop Crypto Regulations through Private Sector

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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Enforcement Action Levied Against Turkish Binance As Exchange Slips Up On Compliance

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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Pump and Dump from Crypto to Stock Market – Regulators Takes Serious Actions

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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ProShares To Join The Crypto Metaverse Race, Awaits SEC Go-Ahead

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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Pioneering Crypto Legislation Arrives As Brazilian Congress Decides

 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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Drama In The SEC As Commissioners Tackle Chairperson Over New Regulations Framework

The Security Exchange Commission is abuzz as two of the regulator’s commissioners took to social media to show their dissatisfaction over the SEC’s Chairperson’s newly published,’ Regulatory Flexibility Agenda.’ United States Securities and Exchange Commission (SEC) commissioners Hester Peirce and Elad Roisman have expressly shown their disapproval over the commission’s chairperson Gray Gensler’s new Regulations…

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U.K.’s Advertising Standards Authority (A.S.A.) Prohibits Crypto Ads Nationwide

The United Kingdom’s Advertising Standards Authority (A.S.A) has prohibited multiple cryptocurrencies from promoting advertisements. The regulator has claimed that the advertisements being aired in the nation’s mass media space were primarily deceptive.  It has been claimed that the U.K.’s citizens were being taken advantage of, as the ads only showcased scenarios of overnight success in…

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Russia will Permit Foreign Residents to Use and Own the Digital Ruble

The central bank of Russia will ensure that the digital ruble they are developing will be available for use by non-residents and would also be convertible into digital currencies. The regulator has reiterated its concerns about the risks pertaining to currencies in a document that’s aimed at digitalizing the Russian financial sector and said that…

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Blockchain Intelligence Firm, Chainalysis To Launch Support Portal For Lighting Network’s L2 Protocol

Blockchain data intelligence outlet, Chainalysis, will integrate a support platform for L2 Lightning protocol, in its framework for Bitcoin leveraged blockchain network, early next year. In its press release earlier today, Chainalysis has announced to the general public that it aims to leverage L2 lightning Network protocol for its next round of system upgrades, which…

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CFTC Commissioner Disagrees With Prosecution Of Digital Assets Without Prior Explicit Guidelines

The cryptocurrency industry is enjoying a high level of success, with investors swarming to the industry in large numbers, but lack of appropriate regulations have effectively stymied the industry’s growth. The ‘fair’ regulation of cryptocurrencies is a discussion that is considered very important, as it goes a long way in  determining  the further development of…

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Regulation Fear Killing Ethereum Investors’ Dream

The Crypto market is currently progressing under the fears of “regulation”. It is this fear which is stopping value surges and slowly destroying the crypto investment climate. Whether it is Bitcoin or even Ethereum or else, each and every cryptocurrency of the world is living under this fear of “regulation”. Very recently, Ethereum value surged…

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From Crypto to Cash – Banking Your Digital Coins

Though crypto has witnessed increased interest from financial services companies and various investors, it has one challenge. You can hardly spend these digital coins like regular money. However, the industry promises upcoming services that might help individuals utilize virtual currencies like Bitcoin in various ways when handling day-to-day financial activities. Here is how you can…

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