Cryptocurrency Analysis and News Portal
Major U.S.-based payment processor PayPal has assembled a team of industry experts to act as advisors on crypto, blockchain and digital currencies. In a Tuesday announcement, PayPal said the addition of six members to its Blockchain, Crypto and Digital Currencies advisory council would help to support its current and future products
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Sheila Warren, the head of blockchain and distributed ledger technology at the World Economic Forum, will be assuming the position of chief executive officer of the Crypto Council for Innovation, or CCI, starting in February.In a Monday announcement, the CCI said that beginning on Feb. 2, Warren would lead the
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In an annual report published on Friday, the United States Financial Stability Oversight Council, or FSOC, voiced its concern over the adoption of stablecoins and other digital assets. Regarding stablecoins, the FSOC said consumer confidence could be undermined by factors such as illiquidity, lack of appropriate safeguards, opacity regarding redemption rights
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The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body. Federation Council to Prepare New Regulations for Cryptocurrencies in Russia The
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The European Union's planned framework for regulating cryptocurrencies is one step closer to becoming official. On Wednesday, the European Council, which guides the EU's political agenda, announced its position on the Markets in Crypto Assets (MiCA) framework and the Digital Operational Resilience Act (DORA).Following the deal, which must then be
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The MiCA framework was introduced in September 2020 by the European Commission, the EU’s executive branch. On Wednesday, the Council adopted its position on another framework, the Digital Operational Resilience Act (DORA) alongside MiCA. Both frameworks are part of the Union’s larger digital finance initiative. Original Source
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A government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows. The news comes as another Ukrainian lawmaker in Kyiv has found it hard to prove possession of the crypto holdings on her asset statement. Ukraine Officials Declare Crypto
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The National Ulema Council (MUI), Indonesia’s top Islamic scholarly body, has reportedly found cryptocurrencies like Bitcoin (BTC) to be haram, or forbidden, by the tenets of Islam. Asrorun Niam Sholeh, chairman of MUI’s Fatwa Commission, confirmed the religious authority’s rejection of cryptocurrencies due to alleged elements of “uncertainty, wagering and harm.”In
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According to Iran’s main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government’s inactivity, offering its help to regulators that it feels are inadequately prepared to handle such a challenging task. Abbas Ashtiani, head of the Iran Blockchain Association (IBA), said
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The Hedera Governing Council has welcomed Singapore’s oldest bank, DBS Bank, as its newest member, making it the first Southeast Asian lender to join the worldwide Hyperledger organization.DBS Bank, a member of the advisory council on fintech, has joined the blockchain council alongside 39 other major technology, corporate and nonprofit
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