Crypto News

Indian crypto sector expects some clear regulations for the industry in the upcoming budget.

One of the world’s fastest-growing crypto hubs has been in regulatory limbo for quite some time now, but many are hoping this will change in a week’s time. On February 1, India’s Finance Minister Nirmala Sitharaman will present the...

Bank of Japan’s Chief says Japan must cooperate with Europe and United States on CBDC.

Japan must cooperate with Europe and the United States in creating a global standard on the technical aspects of issuing a central bank digital currency (CBDC), the chief of Japan's central bank said on Friday. Several central banks across...

US SEC investigates crypto firms for offering lending products.

According to the Bloomberg report, the United States Securities and Exchange Commission (SEC) is scrutinizing three crypto companies, Celsius Network, Voyager Digital, and Gemini Trust, as a part of a broader investigation against cryptocurrency lending platforms. The report detailed...

Crypto market turns red after U.S. Federal Reserve reveals plans to increase interest rates.

Crypto markets have shed a further 3.3% on the day in terms of total market capitalization, which has now fallen to $1.70 trillion. Over the past 12 hours, an additional $116 billion has left the space as the selloff...

Chainalysis report reveals an uptick in money laundering via crypto.

Since crypto has become more mainstream, there has been one issue of ill or another in the sector. This shows that some traders’ concerns about entering the market are valid. Despite a widespread clampdown on these malicious actors, they...

Cathie Wood, Ark Invest report predicts bitcoin could reach $1 million by 2030.

According to the firm's "Big Ideas 2022" outlook report prepared by ARK analyst Yassine Elmandjra, the world's largest cryptocurrency value will soar in the next decade as more investors adopt the digital currency. Furthermore, Elmandjra, who noted that bitcoin's market capitalization...

The International Monetary Fund has urged El Salvador to remove its bitcoin law.

The International Monetary Fund's board urged El Salvador to do away with its move to make bitcoin a legal tender while calling for strict regulation of the country's e-wallet. IMF board members "urged the authorities to narrow the scope...

Oman invites companies to help it set up a regulatory framework for cryptocurrencies.

The Oman financial regulator, the Capital Markets Authority (CMA), recently invited companies interested in helping it set up a regulatory framework for virtual assets to participate in a tender process. According to a report by Unlock Media, this process of creating...

Bank of America says the US will release its CBDC by 2030.

Although US authorities continue to dabble with the idea of issuing their own central bank digital currency, the Bank of America believes such a product is "inevitable." Additionally, researchers from large banking organizations see stablecoins continue to flourish and...

Indonesia’s regulator bans financial firms from facilitating crypto sales.

On Tuesday, Indonesia's Financial Services Authority (OJK) warned that financial firms are not allowed to offer and facilitate sales of cryptocurrencies amid a boom in crypto trading in Southeast Asia's largest economy. "OJK has strictly prohibited financial service institutions...

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Indian crypto sector expects some clear regulations for the industry in the upcoming budget.

One of the world’s fastest-growing crypto hubs has been in regulatory limbo for quite some time now, but many...