Cryptocurrency Analysis and News Portal
Canadian financial institutions are increasingly taking an interest in crypto as regulatory clarity emerges in the country, according to WonderFi CEO Dean Skurka, who met up with Cryptox at the Blockchain Futurist Conference in Toronto.Skurka claimed that his exchange had seen an uptick in trading by institutions as opposed to
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Stablecoins must hold minimum base capital 1 million Singapore dollars ($740,000) and provide redemption within no more than five business days of a request. Original Source
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Singapore's central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins (SCS) regulated in the city-state.The Monetary Authority of Singapore announced the framework on Aug. 15 which is aimed at non-bank issued stablecoins pegged to the value of the Singapore dollar or G10 currencies such
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Worldcoin, the brainchild of OpenAI’s Sam Altman, made its official entrance into the world of cryptocurrencies in July. At first, things went
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According to the AAIP, an entity like Worldcoin must register with the AAIP, provide information about its data processing policy, and indicate the purpose for collecting sensitive data and the retention period for such data. Additionally, the agency requires details of the security and confidentiality measures applied to safeguard personal
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On Aug. 9, 2023, local reports revealed that the Association of Bureaux De Change Operators of Nigeria (ABCON), responsible for formulating regulatory frameworks for naira-dollar exchange, wants Binance banned. Nigeria taking action ABCON asserted that Binance’s activities contribute to the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase CEO Brian Armstrong has affirmed their commitment to remain in the US, dismissing any notion of departure. Earlier, Armstrong had raised concerns about the uncertain crypto regulatory landscape in the country and hinted at the possibility
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The platform said it took the "difficult decision" with its U.S. banking partner because of an "evolving regulatory environment" in the country. Regulators there, led by the Securities and Exchange Commission, have been cracking down on crypto, targeting exchange platforms like Coinbase (COIN) and Binance, as well as a host
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The G20 has released a Presidency Note under India’s leadership, emphasizing the importance of consistent crypto regulation and guidance across different jurisdictions. Coordination and consistency Following the recommendations of the Financial Stability Board (FSB) and the commitment of the International
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied GameStop Corp. has announced the discontinuation of its cryptocurrency wallets due to “regulatory uncertainty.” On Nov. 1, the company will withdraw its support for iOS and Chrome Extension wallets, which have allowed users to manage cryptocurrencies and
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