World Bank & IMF Back CBDC Development
The World Bank and the International Monetary Fund (IMF) have come together to discuss the benefits realized from adopting central bank digital currencies (CBDCs). The two financial institutions discussed CBDC adoption during the G20 summit. The joint report was also backed
China Orders Closure of Software Company For Crypto Trading
China’s Central Bank has ordered the closure of a software company based in Beijing for allegedly involving itself with crypto trading. The recent announcement seeks to enforce the crypto restrictions imposed in the country. Authorities in the country ordered the immediate
Mexico Central Bank Issues Warning To Lenders Offering Crypto Services
The Mexican Central Bank has stated that financial institutions should not offer crypto assets. Financial authorities have also issued a warning to firms offering cryptocurrency services stating they will be prone to sanctions. A joint statement on the matter was tabled
Binance Ends Services In Ontario
BinanceUS - Buy Bitcoin in U.S. Binance, the largest crypto exchange by volume, has announced it will be halting its offerings in Ontario. In a statement provided on the Binance website, the exchange stated that “As part of our continuing compliance efforts,
Bitcoin Hashrate Hits 8 Month Low Amid China Crackdown
China’s crackdown on mining operations seems to have negatively impacted the prices of Bitcoin and the broader crypto market. The crackdown has also led to a drop in Bitcoin’s hashrate and after several mining companies halted their operations in the country,
Thailand Bans Meme Coins and NFTs
The Thailand Securities and Exchange Commission (SEC) has banned crypto exchanges from offering services related to trading meme coins, fan-based tokens and non-fungible tokens. The move comes amidst a heavy crackdown on cryptocurrencies and digital assets around the world. The new
China Blocking Search Engine Results For Crypto
https://twitter.com/btcinchina/status/1402558454225465344 China’s FUD about cracking down on cryptocurrencies does not seem to be slowing down. After suspending Weibo crypto accounts recently, the country has gone a notch higher to block search engines from showing the results of major crypto exchanges. Various sources
FCA Extends Deadline For Crypto Exchanges
The Financial Conduct Authority (FCA) has yet again extended the Temporary Registrations Regime (TRR) deadline for crypto firms. The end date has been pushed from July 9, 2021, to March 21, 2022. The TRR was established in December 2020 and focused
Starling Bank Suspends Crypto Exchange Deposits
Recently, United Kingdom-based Starling Bank suspended crypto exchange deposits, blaming it on the increased level of financial crimes with crypto payments. However, the bank, in its latest announcement, stated that it plans to resume such service by late June. The bank’s spokesperson
U.S. Discussing New Crypto Regulations
Governments worldwide have been looking into ways of regulating the crypto market. The U.S. has been lagging behind other countries when it comes to cryptocurrency regulations. Some of the other countries who have been talking heavily about regulations include Turkey,