Cryptocurrency Analysis and News Portal
A Canadian House of Commons committee report has recommended that the country “recognize blockchain as an emerging industry,” and take all the steps that entails. There are a lot of steps needed, it said.The report was released by the Canadian House of Commons Standing Committee on Industry and Technology after
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The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the key topics discussed during the G20 meeting over the weekend. G20 Agrees Crypto Poses Major Risks to Financial
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Brussels must act to enable smart contracts to take off across the bloc, communications minister Timo Harakka said. Source
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The House of Commons, the Parliament's lower house, met on Tuesday for a line-by-line reading of the proposed Financial Services and Markets Bill, which broadly covers the U.K.'s post-Brexit economic strategy. The lawmakers considered a list of proposed amendments to the bill, including one put forward by parliamentarian Andrew Griffith
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"The amendments enable the Treasury and FCA [Financial Conduct Authority] to introduce a full regulatory regime for crypto, a hugely positive step," Nicholas Taylor, head of public policy at crypto exchange Luno told CryptoX in an emailed statement. Luno is owned by CryptoX's parent company, the Digital Currency Group. Source
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If the metaverse grows, households might rely more on crypto and banks and financial institutions might have greater exposure, Bank of England researchers said. Original Source
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Media in Singapore are reporting that Three Arrows’ liquidators are working to get Singaporean courts to recognize the British Virgin Islands (BVI) liquidation order. Original Source
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The Indian government does not plan to recognize bitcoin as a currency, finance minister Nirmala Sitharaman said on Monday.During a question and answer session in the parliament, Nirmala Sitharaman also said that the government does not collect data on bitcoin transactions, according to a report from local news site Mint.The
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The Ukrainian Parliament has adopted legislation regulating foriegn and domestic cryptocurrency exchanges operating from within the country.On Sept. 8, the Ukrainian Parliament adopted the draft law “On Virtual Assets,” legally recognizing cryptocurrency in the country for the first time. The legislation is based on the existing standards developed by the
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The Cuban government is reportedly planning to recognize and regulate cryptocurrencies for payments.According to Aljazeera, the Caribbean nation’s central bank will establish rules for mainstreaming cryptocurrency transactions. Cuban authorities are also expected to distribute relevant licenses to businesses based on the crypto-related services they provide.Some sources claim that the move
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