El Salvador, the 3rd largest crypto hub after the US and Canada, in a couple of tweets declared that the country will be hosting different representatives from 14 different countries around the globe. The main aim of the meeting is to have…
Coinbase Customers Scared of Losing Funds Coinbase recently filled a new form 10-Q because of a necessary process set up by the Security and Exchange Commission. The conditions brought forward SAB 121, which serves as a risk factor. This showed that Coinbase…
The BOU remains firm on its decision that no company should provide services linked to cryptocurrency without the permission of the board of directors. This development came only after the state granted property to American musician Akon to develop a smart city,…
International Monetary Funds (IMF) managing director, amidst the increasing global adoption of crypto in different countries in the world, is hammering on the countries of the world to cut back from setting crypto as a legal tendency, as opposed to central bank-issued…
With the global digital market growing at an exponential rate, the United Arab Emirates (UAE) has shown an interest in participating in it. It has emerged as a hub for the cryptocurrency business as a result of new laws that are favorable…
Several countries have shared their intentions to embrace blockchain and crypto due to the massive benefits. However, the absence of an effective and clear regulatory framework is hampering some nations from fully embracing the technology and enjoying its awesome benefits. The Bahamas…
California is the latest state in the United States to consider crypto adoption to boost the economy. On Wednesday, Governor Gavin Newsom signed an executive order on virtual currencies to discuss the adoption of blockchain and its impact on the economy. The…
To ensure proper regulation of crypto and its related services, the Securities and Exchange Commission (SEC) will recruit 20 additional employees for its cryptocurrency unit. The new team will focus on regulating the NFT space and protecting the rights of investors. Last…
For the Indian financial markets, the National Payments Corporation of India (NPCI) has been charged with drafting legal guidelines for the buying and sale of virtual digital assets (VDAs). In reaction to NPCI’s “verbal directions,” the Economic Times reported that banks had…
Revolut is now awaiting clearance from the FCA for permanent licensing after receiving provisional licenses from the FCA to keep operating in the United Kingdom. More than a hundred businesses had applied for interim permission to operate while the FCA examined their…
