Cryptocurrency Analysis and News Portal
The regime applies to all companies seeking to provide services in the country, unless already licensed in financial free zones in the United Arab Emirates. Source
Read More
The New York State Department of Financial Services, or NYDFS, has adopted a regulation that will allow the government agency to assess supervisory costs from licensed crypto firms operating in the state.In an April 16 announcement, the NYDFS said the supervisory costs enforced by the new regulation would be used
Read More
The government of China protested the enactment of sanctions on a series of national companies by the U.S., barring them from doing business with U.S.-based entities for allegedly collaborating with Russia. China’s Commerce Ministry criticized the move, saying it is a “typical form of long-arm jurisdiction,” which damages the
Read More
T. Rowe Price Associates, together with several prominent Wall Street companies, is set to explore the potential of the Avalanche blockchain to revolutionize financial trade execution and settlement using a new application called Spruce. T. Rowe Price Associates is joining forces with several Wall Street companies to explore the Avalanche blockchain’s
Read More
Venture capitalist (VC) investment into crypto firms continued to fall in the first quarter of 2023, yet despite the current regulatory turbulence for crypto in the United States, it is still first for the number of firms raising capital according to a new report.An April 11 report from Galaxy Research,
Read More
However, the attorney stressed that the possibility of re-starting FTX is one of many, and any decisions are far from final."There are as many opinions on this, I think, as there are professionals involved in this case," Dietderich said. "And that's a lot." Source
Read More
“Participating in the Avalanche Spruce testnet presents a valuable opportunity to deepen our understanding and analysis of smart contract technology and the potential applications of public, permissioned blockchains in financial markets,” said Blue Macellari, head of digital assets strategy at T. Rowe Price Associates. Source
Read More
Blockchain solutions provider Jelurida partnered with augmented reality (AR) firm Aumenta Solutions to develop a maintenance system for port infrastructures. According to an announcement sent to Cryptox, the project aims to increase efficiency, reduce downtime and enhance the accuracy of maintenance tasks for ports which is important in servicing ships, cargo
Read More
Elizabeth McCaul, a supervisory board member of the European Central Bank (ECB), has called for additional oversight of crypto firms operating in a borderless state outside typical attempts at supervision.In an April 5 blog post, McCaul said there was currently no adequate regulatory or supervisory framework for crypto firms, but
Read More
McCaul, a member of the ECB arm responsible for overseeing banks, said recent attempts to regulate such as the European Union’s Markets in Crypto Assets regulation (MiCA) wouldn’t fully address the problem of complex international structures, or “ecosystem” companies that claim to have no headquarters. Source
Read More