Cryptocurrency Analysis and News Portal
A minister in the Nigerian government has called on authorities in the country to consider regulating cryptocurrencies instead of clamping down on them. The Law Does Not Stipulate Who Regulates Cryptos In what appears to be a rebuke of the Central Bank of Nigeria (CBN) over its stance on cryptocurrencies, a
Read More
Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” he detailed. Noting that “Bitcoin appears to be on a trajectory for $100,000,” the analyst added that
Read More
The Twitter account of Indian Prime Minister Narendra Modi was comprised and a tweet was posted claiming that the government of India has adopted bitcoin as legal tender and purchased 500 coins to distribute to all residents in the country. This hack came at a critical time in India as
Read More
The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body. Federation Council to Prepare New Regulations for Cryptocurrencies in Russia The
Read More
Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop Panyanukul, senior director at the Bank of
Read More
In early 2022, South Africa will have a new regulatory framework that covers cryptocurrencies, a commissioner with a regulatory body has said. Highly Risky Products South Africa’s financial sector regulator, the Financial Sector Conduct Authority (FSCA) is set to unveil a new regulatory framework that covers cryptocurrency in early 2022. According to
Read More
India’s Prime Minister Narendra Modi talked about cryptocurrency at a recent Summit for Democracy hosted by U.S. President Joe Biden. He called for global collaboration on cryptocurrencies “so that they are used to empower democracy, not to undermine it.” Prime Minister Narendra Modi Talks About Crypto at President Joe Biden’s Summit
Read More
The International Monetary Fund (IMF) has outlined some recommendations of how cryptocurrency should be regulated, noting that there is an urgent need for cross-border collaboration and cooperation on cryptocurrency regulation. IMF Provides Recommendations on Crypto Regulation The International Monetary Fund published a blog post on cryptocurrency regulation Thursday. The post titled “Global
Read More
“Crypto-asset service providers that deliver critical functions should be licensed or authorized. These would include storage, transfer, settlement and custody of reserves and assets, among others, similar to existing rules for financial service providers.” Source
Read More
By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin has failed to hold the $50,000 level as it sits at around $47,585 today, after the U.S. House of Representatives Financial Services Committee hearing took place yesterday. Top executives from six major cryptocurrency companies, including Coinbase and Circle,
Read More