Cryptocurrency Analysis and News Portal
The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in cryptocurrencies that they will have no legal recourse should they suffer financial losses. Central Bank Responding to Public Inquiries In its statement
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As the lawsuit with the U.S. Securities and Exchange Commission (SEC) continues, Ripple CEO Brad Garlinghouse insists that the Commission has provided no clarity in crypto regulation. He said the SEC is using its meetings with crypto companies as lead generation for enforcement actions, and the agency has lost sight
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Indian government agencies are contemplating leveraging blockchain technology to mitigate compliance burdens on startups, a report by Inc42 claims. Using Blockchain to Ease Startup Compliance In a bid to make it easier for startups to deal with compliance and regulatory hurdles, some Indian government agencies are mulling a move to distributed ledger
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The regulator noose continues to tighten around stablecoins. New Bill Seeks Complete Control Over Fiat-Pegged Stablecoins A new bill floated by U.S. House Democrat Don Beyer of Virginia seeks to establish a thorough and far-reaching regulatory framework around dollar-pegged stablecoins. Dubbed “The Digital Asset Market Structure and Investor Protection Act of 2021”, the
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The global landscape of crypto-asset regulations is diverse and, even though it is getting more complex, many regulators are still choosing to wait and see how this space develops and what others will do. Right now, all eyes are on the European Union and its bespoke approach to regulating crypto
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Crypto exchange BitMEX has published a framework of principles for how best to store additional batches of transactional provenance data, a requirement exchanges face as part of new anti-money laundering (AML) rules.In order to fall in line with the rest of the financial system, virtual asset service providers (VASPs) have
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The National Bank of Kyrgyzstan has published draft legislation that would legally define cryptocurrency and how it may be used in the Central Asian nation. With the proposed legislation, the central bank is following the call of the Financial Action Task Force (FATF) to regulate cryptocurrencies and prevent related money
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Blockchain and Bitcoin have been the hottest buzzwords in the cyber economy for the past several years. People around the world have taken to this trend in cryptocurrency thanks to its unique method of operation and the potential to deliver high returns.To put it in simple terms, a Blockchain is
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