Crypto Regulation

BitMEX announces the end of its accelerated user verification program.

The crypto derivatives exchange BitMEX announced the end of its accelerated user verification program today. The crypto exchange required users to update their KYC (Know-Your-Customer) verification following regulatory issues that the platform is facing. Positions will automatically be closed...

Ripple CTO says validators could force the company to burn its 48 billion XRP tokens.

The blockchain payment giant Ripple's chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it agrees with the decision or not. Ripple holds half...

Russian banking giant Sberbank is preparing to launch a new digital platform.

The state-owned largest bank of its kind in the country is reportedly nearing the rollout of the technology, which will provide access to digital currencies and digital assets through the blockchain system. The Russian banking giant Sberbank is preparing...

Venezuelan army begins block reward mining to secure funds amid economic collapse.

In the latest steps towards digital currency from Venezuela, the armed forces have established a new facility known as the Digital Assets Production Center of the Bolivarian Army of Venezuela, which has already started mining cryptocurrencies like Bitcoin to...

The Swiss National Bank successfully trials wholesale digital currency.

According to the Reuters report, the Swiss National Bank has successfully tested using digital money to settle large scale transactions between financial institutions, the bank revealed on Thursday. But it has not decided whether to issue its own digital...

The Bank of Canada reports positive development on CBDC.

Timothy Lane, the deputy Governor of the Bank of Canada and Research Head of the bank's fintech and cryptocurrencies department, said that the central bank has seen developments in the plans regarding the launch of a central bank digital...

The U.K. financial regulator warns against the crypto firm Markets Pilot.

The United Kingdom's financial services regulator Financial Conduct Authority has warned the public against Markets Pilot, a digital currency trading platform. The Financial Conduct Authority stated that the company did not get the necessary licenses to offer financial services...

The proposed bill to ban the use of cash for transactions over $10,000 voted out by Australian Senate.

The controversial bill to ban the use of cash for transactions over $10,000 has been voted out by the Australian Senate. One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a year...

US lawmakers propose a new bill seeking mandatory federal approval for stablecoins.

A new bill, introduced to the US Congress this week, could enforce blanket regulation on all stablecoins. If passed, any service provided concerning stablecoins would become illegal without first receiving multiple government bodies' approval. The proposed bill, dubbed "The...

BlackRock CEO thinks Bitcoin could threaten the US dollar dominance.

The number of BlackRock executives speaking highly of Bitcoin has just doubled with the CEO of the world's largest asset manager. Larry Fink recently said that the leading cryptocurrency, Bitcoin, had caught many people's attention, and it could evolve...

Latest News

BitMEX announces the end of its accelerated user verification program.

The crypto derivatives exchange BitMEX announced the end of its accelerated user verification program today. The crypto exchange required...

The Swiss National Bank successfully trials wholesale digital currency.

According to the Reuters report, the Swiss National Bank has successfully tested using digital money to settle large scale transactions between financial institutions, the...
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