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…
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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…
PayPal Forced to Backtrack on Stance That Would Have Boosted Crypto Adoption
PayPal has been on the news lately for the wrong reasons. The payments giant had made it public that it would adopt a policy against misinformation. If the policy had seen the light of day, it would have seen users…
New and Disruptive International Crypto Rules Proposed by Influential Finance Watchdog
The ongoing crypto winter has caught the eye of financial watchdogs and some disruption is brewing. After the recent turmoil in the cryptocurrency market, the Financial Stability Board, a watchdog organization and standard-setter for the global financial system supported by…
Fidelity investment launches its first cryptocurrency initiative
Fidelity investment, one of the largest asset and brokerages managers has finally launched its first cryptocurrency custody and trading platform. Initially, fidelity did not get involved directly with cryptocurrencies but rather preferred to partner with Coinbase, the largest exchange…