Cryptocurrency Analysis and News Portal
While the UK government is serious about the introduction of the new rules, if it becomes law, it will take some years to complement and implement its provision.The United Kingdom is advancing its role in the regulation of the digital currency ecosystem as it recently unveiled its new guidelines to
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The new regime has a broad scope in terms of geography, crypto types, and activities. Foreign trading venues could be forced to set up a subsidiary in the country given their “critical role in the crypto asset value chain,” the document said. It would also apply to utility tokens and
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The Hong Kong regulator HKNA noted that algorithmic stablecoins like TerraUSD won’t be entertained as part of the region’s new stablecoin legislation.Over the last few months, Hong Kong has been working to revive its cryptocurrency market and has been looking to establish itself as a major crypto hub in Asia.
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Officially launched in June 2016, Deribit has grown exponentially to offer perpetual, futures, and options contracts on Bitcoin, Ethereum, and many other digital assets.Deribit, a cryptocurrency futures and options exchange based in Panama City, is planning to relocate its headquarters to Dubai, a more crypto-friendlier nation, in the coming quarters.
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While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback on the proposal that would allow withdrawals after the Shanghai upgrade is completed. Lido Dominates
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The construction-centric capital has been gunning to attract more crypto companies as it contends with a housing market slowdown that has hindered its famed real estate industry. Over the summer the emirate unveiled a metaverse initiative that aims to bring more than 1,000 blockchain and metaverse companies to the city
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Embattled crypto lender Celsius plans to use a new bankruptcy digital currency token to pay off its creditors. According to reports, Celsius Network LLC may issue a bankruptcy crypto token to repay creditors. This development forms part of a broader “recovery corporation” scheme by the bankrupt crypto lender to remerge as
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The ECB believes that the digital euro answers the increasing preference for digital payment.Speaking to a European Parliament committee on the 23rd of January, an executive board member of the European Central Bank (ECB), Fabio Panetta, revealed that the digital euro will be free to use. The central bank has
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“Our legislation will be the framework for a digital euro,” Mairead McGuinness, the European Union's financial services commissioner, told lawmakers on the Economic and Monetary Affairs Committee Tuesday. “It will be negligent if Europe did nothing now, but at some point in five or 10 years had to urgently rush
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The digital euro, should it come into existence, will preserve the role of the central bank by extending payment options beyond those offered by cash, European Central Bank (ECB) executive board member Fabio Panetta told a European Parliament committee Jan. 23.Panetta expressed satisfaction with the progress of research on a
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