Switzerland To Freeze Russian Owned Crypto
The crypto sector has been under intense pressure following the sanctions that have been imposed on Russia. The pressure has built up from regulatory bodies being concerned that sanctioned individuals will turn towards cryptocurrency assets to protect their wealth. Switzerland is
Biden’s Crypto Executive Order
On Wednesday, President Joe Biden issued an executive order directing the federal government to begin developing policy for digital assets, including cryptocurrencies, that encourages innovation whilst reducing dangers to consumers, investors and the global financial system. The details of the executive
Secret Service Unveils Cryptocurrency Awareness Hub
The cryptocurrency market has significantly grown over the past year, with the U.S. now being one of the largest crypto economies globally. Amidst this growth, the regulatory framework is also shifting. U.S. authorities have been working their way into regulating this
EU Propose Ban on Proof-of-Work Cryptos
Lawmakers in Europe are planning to target crypto’s using proof-of-work mining, which could result in a ban on proof-of-work cryptocurrency mining across the 27 countries that make up the European Union. This move comes amid concerns over the associated energy
Mexican Senator Says Country Should Adopt Bitcoin
The Salvadoran government has been highlighting the benefits derived from the adoption of Bitcoin as legal tender. The benefits realized seem to have attracted the attention of Mexico, with a government official in the country urging for the adoption of
BlockFi Hit With $100M In Penalties
BlockFi, a crypto lending platform, has agreed to pay $100 Million to settle ongoing investigations by the Securities and Exchange Commission and various state regulators in the United States. BlockFi has been accused of offering an illegal product in which consumers
Bank of Russia Registers Country’s First Digital Asset Manager
Russia is one of the largest crypto economies globally. The country’s crypto regulatory framework has been in the “gray zone” for a long time, but a shift is now happening. The Bank of Russia has registered the first digital asset management company,
Former Thai SEC Chief Addresses Proposed Crypto Taxation
The former deputy secretary-general of the Thailand Security and Exchange Commission (SEC), Tipsuda Thavaramara, has addressed the issue surrounding cryptocurrency transactions in the country. Thavaramara noted that while the move to collect taxes from the cryptocurrency sector was good, several issues
MEXC Global Exchange Leaving Mainland China
The crypto trading environment in China has been harsh for the most part of 2021. The heightened regulatory risk has led crypto businesses to exit the Chinese market. One of the latest exchanges to leave China is MEXC Global. MEXC Global
Bank of Russia Blocks Mutual Funds From Offering Crypto Exposure
The Bank of Russia has remained skeptical about cryptocurrencies. The institution has now issued a statement regarding the investment opportunities available for mutual funds. According to Russia’s Central Bank, mutual funds have been banned from investing in digital assets such as