Some people are warning that funds on FTX could be at risk. The concerns in the cryptocurrency community that FTX might cause another crash like Terra have been raised as a result of the rapid fall in stablecoin reserves on the…
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UK Legislators Enact Laws to Restrict Crypto Ads
On Thursday, a committee of the House of Commons enacted new legislation without resistance or additional discussion that prohibits crypto advertisements and makes it illegal for unregistered operators to offer services. Restrictions Now Formally Enacted The restrictions, which are now…
Europe’s New MiCA Clause Targets Crypto Influencers
Crypto influencers may be greatly impacted by the EU’s Markets in Crypto Assets (MiCA) law because several of its provisions appear to call for strict regulation. Promoting and Profiting Covertly Will Be Illegal Patrick Hansen, the director of EU strategy…
Philippine bank has just taken the country’s crypto adoption to the next level
Union Bank of the Philippines, a banking giant in the Philippines has just taken cryptocurrency adoption to the next level after launching a cryptocurrency Automated Teller Machine (ATM)-the first of its kind in the country. According to a local news…
Costa Rican Lawmaker Proposes Legislation to Control And Recognize Cryptocurrency
The “Cryptoassets Market Law (MECA)” bill, put up by Costa Rican congresswoman Johana Obando, seeks to regulate and legalize cryptocurrencies in the Central American nation. Congressmen Luis Diego Vargas and Jorge Dengo seconded her and stressed the need for the…
South Africa Declares Digital Assets to Be Financial Products.
With the country’s financial authority designating digital assets as financial goods, South Africa has made a significant advancement in Bitcoin legislation. The Financial Advisory and Intermediary Services Act of the nation was revised to incorporate digital assets, according to a…
Crypto Sanctions Are a Form of Digital Fascism, Says a Russian Regulator
One of Russia’s top regulators believes that the sanctions relating to cryptocurrencies that have been placed on the nation and its people are an example of “digital fascism.” The remarks follow the latest round of sanctions imposed on Russia by…
SEC launched a fake ICO website to enhance investor awareness
During last bull run, the United States’ Securities and Exchange Commission launched a mock ICO website to educate investors on how they can easily identify deceitful coin offerings and distinguish them from real ones. Intelligent fraudster stars can easily create…
UK Electronic Bill Hints Use of Blockchain
On Oct 12, the United Kingdom’s House of Lords approved a bill that could potentially use blockchain technology to store trading documents. According to the government’s press release, the Electronic Trade Document Bill has the following goals: The Bill will…
Grayscale Crypto Giant Files Lawsuit against SEC
Major digital asset manager Grayscale has filed a lawsuit against the Securities and Exchange Commission (SEC) for its rejection to allow the conversion of its $12 Billion Grayscale Bitcoin Trust (GBTC) to spot Bitcoin ETF (Exchange Traded Fund). GBTC has…