Bank of England Says Bitcoin Too Volatile To Be Legal Tender
The use of Bitcoin is constantly evolving. Bitcoin is no longer just a speculative asset, it has seen adoption not only a reserve asset for businesses, but as legal tender for countries. El Salvador made headlines because it was the first
Clinton Says Cryptos Will Undermine The U.S. Dollar
The former U.S. presidential candidate, Hillary Clinton, has again come out with a harsh stance against cryptocurrencies. Clinton has stated that cryptocurrencies could strengthen the economic status of other competing developing countries while leaving the United States dollar to be
Bank of Spain Calls On VASPs To Register
The Central Bank of Spain is launching a new set of registrations that target virtual currency service providers (VASPs). The new guidelines will also impact banking institutions operating in the country. The Central Bank of Spain seeks to address the issue
Dubai Financial Authority Launches Regulatory Framework For Investment Tokens
The Dubai Financial Services Authority has rolled out a new regulatory framework for investment tokens. The new framework is one of the bold steps that the regulatory body has taken to oversee the digital assets sector. Under the new regulatory framework,
Brazil Cracks Down On Crypto Related Financial Crimes
One of the main challenges that cryptocurrencies face is legitimacy. Many government officials link cryptocurrencies to fraudulent dealings such as money laundering and terrorism financing. However, different jurisdictions have developed a new and differing set of rules to ensure cryptocurrencies are
Estonia Proposal To Revoke All Crypto Licenses
While the rest of the world is showing a more open approach regarding crypto assets and their regulations, Estonian regulators have decided to crack down on all exchanges in the country. Financial market regulators in Estonia want to revoke all licenses
Bank of England Says Crypto Rules A ‘Matter of Urgency’
Sir Jon Cunliffe, the Deputy Governor for Financial Stability at the Bank of England, has issued several recommendations on creating a stable crypto climate. The executive stated that a crash in cryptocurrency prices was “plausible” and that rules regarding crypto assets
Binance To Halt Services In Singapore
Binance, the largest cryptocurrency exchange in terms of trading volumes, has faced a compliance crackdown from different regulators. Following compliance issues in Singapore, the exchange has announced that it will no longer extend its services in the country. In the recent announcement,
F2Pool No Longer Allowing Chinese Miners
https://twitter.com/btcinchina/status/1442515665806508039 The fallout from the latest round of Chinese FUD continues as F2Pool, one of the largest Bitcoin mining pools, has announced that it will no longer accept the participation of Chinese miners. According to the announcement, the existing Chinese miners on
China Based Ethereum Mining Pool Set To Shut Down
SparkPool, the second-largest Ethereum mining pool globally, has announced the suspension of its operations. The announcement comes after a fresh wave of Chinese crackdowns on the crypto market. SparkPool was created in 2018 and it contributes to 22% of Ethereum's mining