Cryptocurrency Analysis and News Portal
In the past year, three major financial oversight bodies have voiced concerns about threats to financial stability purported to be posed by stablecoins. While acknowledging the potential for enhanced payments efficiency, reports from the Bank for International Settlements, the United States Federal Reserve and, most recently, from the Financial Stability
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Regulators in Japan may be more inclined to approve new virtual currencies for trading if they have greater financial transparency and aren’t involved in gambling Dapps.According to a new report from Xangle Research on Japanese digital asset regulations, the country's financial watchdog, the Financial Services Agency (FSA), specifically says crypto
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The United Kingdom's Financial Conduct Authority, or FCA, on Monday urged all national cryptocurrency businesses to submit their registration with the regulatory watchdog.According to the FCA’s statement, firms must submit completed applications by June 30. The regulator says that the anticipated deadline is necessary to ensure that all applications are
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Racial diversity and financial inclusion are good for cryptocurrency and blockchain – and the industry has work to do. That was the overarching conclusion of a virtual Juneteenth event put together by Cleve Mesidor, founder of the National Policy Network of Women of Color in Blockchain. Juneteenth is the celebration of June 19,
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San Francisco-based Bitcoin financial services company River Financial announced it had raised $5.7 million in a new seed funding round.In an update posted to the company website on June 17, River Financial stated it had received a $5.7 million investment in a seed round led by Polychain Capital. Slow Ventures,
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Major financial institutions love certainty, and that will help the crypto community immensely. Let’s get down to basics: A stablecoin is a type of digital asset designed to solve the problem of the hypervolatility of cryptocurrencies.This year is an exciting time for stablecoins as interest among financial institutions picks up
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South Korea’s NH NongHyup Bank has announced a new consortium with a local law firm and a blockchain laboratory to jointly develop digital asset-based financial services.According to the Korea Herald on June 10, the bank signed a memorandum of understanding with law firm Bae, Kim and Lee, and blockchain developer,
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[sociallocker id="55298"] On June 5 the Gibraltar Financial Services Commission, or GFSC, published four public warnings against cryptocurrency websites that claim to have an alleged license to operate in the territory.According to the authorities, www.askcurrency.org, www.findcurrency.org, www.arbitragecurrency.org, and www.etrustcoin.com have not been licensed or authorized by the GFSC — nor
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“I think you should quit your job and go and work for the good guys,” the Human Rights Foundation’s Alex Gladstein told Tom Robinson, the founder of crypto compliance firm Elliptic, Monday afternoon. The two were debating blockchain surveillance as part of the Mainnet online event, sponsored by Messari, which opened
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Back when digitized banking service evolutions such as debit cards, online banking and check imaging were sweeping the financial sector, one could have never imagined what was coming next. I certainly did not, having spent more than 10 years during this time advising executives of major global banks on the
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