Cryptocurrency Analysis and News Portal
On the last day of June, the European Union reached an agreement on how to regulate the crypto-asset industry, giving the green light to Markets in Crypto-Assets (MiCA), the EU's main legislative proposal to oversee the industry in its 27 member countries. A day earlier, on June 29, lawmakers in
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The Council of the European Union has cut Russians off from certain cryptocurrency services as part of a package of restrictive measures against Russian President Vladimir Putin’s “brutal aggression against Ukraine and its people.”In a Friday announcement, the EU council said it would be closing potential loopholes in using digital
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A European subsidiary of United States-based crypto trading platform Uphold has received approval from the United Kingdom's Financial Conduct Authority (FCA).According to the FCA website, Uphold’s U.K. subsidiary Uphold Europe Limited gained regulatory approval on Feb. 17, 2022, joining the select list of 32 firms that have received FCA approval
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Tokyo’s biggest finserv firm, SBI Group, will now allow general Japanese investors to purchase cryptocurrencies via its newly launched ‘crypto asset fund’. The fund is composed of seven cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, Bitcoin Cash (BCH), Chainlink (LINK) and Polkadot (DOT). The crypto-asset fund, to be traded
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For crypto to be a permissible asset for to back an ETP or other structured product, it must meet five criteria: A high level of institutional support and acceptance; reputable and experienced service providers to support the products; a mature spot market; regulated futures markets for trading derivatives and robust
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The Basel Committee on Banking Supervision is calling for feedback on the prudential regulatory treatment of crypto-assets. Feedback received from insiders in both the crypto and traditional finance sectors will be used to draft guidelines for banks interested in dealing with crypto-assets. Although they are wary of risks associated with the
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Binance, the world’s largest exchange by trading volume, has acquired JEX, a crypto-asset trading platform that offers spot and derivatives trading services. The exchange announced the acquisition on Sept. 2, saying, “JEX will join the Binance ecosystem as Binance JEX and focus on further building the crypto-asset derivatives market.”According to
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