FCA Requires Crypto Firms To Report Financial Crimes
FCA has introduced a new policy that requires crypto companies to share reports about financial crimes. This move is meant to help curb money laundering activities in the UK. This announcement is not the first attempt by the FCA to inject
Fidelity Seeks SEC Approval For Bitcoin ETF
Fidelity Investments wants to roll out its Bitcoin exchange-traded fund (ETF) to expand its operational capacity within the virtual currency industry. According to the announcement, the fund will be called Wise Origin Bitcoin Trust. But it will be launched only
Nigerian Central Bank Clarifies Earlier Cryptocurrency Ban
The Central Bank of Nigeria (CBN) has revealed the bank didn’t prevent users from buying and selling cryptocurrencies in the country. The bank said its earlier resolve about cryptocurrency transactions in the country didn’t affect individuals trading the digital assets. It said
Bitcoin Suisse Denied For Swiss Banking License
Bitcoin Suisse’s application for a license has hit a roadblock as the Swiss Financial Market Supervisory Authority may likely not sign the approval. The Swiss regulator announced that the current application of Bitcoin Suisse is not eligible for approval due to
Texas Issues Cease-Desist Orders To Three Crypto Platforms
The Texas State Securities Board (TSSB) has clamped down on three unregistered investment and cryptocurrency platforms with cease and desist orders. The orders were issued to FxSmart-Robots, Digitaly Invest and Delta Crypt Limited. According to the order, they are to cease
India Wants To Access Cryptocurrency
Gandhiji - Passive Income Anywhere https://youtu.be/_qLvOU95j30 For the past year, India has been in the spotlight when it comes to rules and regulations regarding cryptocurrency in the country. India recently proposed a ban on Bitcoin and other cryptocurrencies but it seems the
Proposed Capital Gain Tax In U.K. Could Affect Crypto Holders
Cryptocurrency holders and the crypto community in the UK are seriously monitoring the developments regarding a possible increase on capital gains. The proposed tax hike is expected to be deliberated by Rishi Sunak, the U.K.’s Chancellor of the Exchequer. Although Sunak
South African Regulations Tighten On Cryptocurrency
South African financial watchdog, the Financial Sector Conduct Authority (FSCA), wants to intensify efforts to regulate all digital assets in the country. The proposal is coming following the recently increased market activities within the crypto sector and the rise in fraud
Kraken Halts XRP Trading for U.S. Clients
Cryptocurrency exchange Kraken has announced its plans to halt its trades on XRP token, following the recent SEC lawsuit against Ripple Labs. According to the blog post, the suspension will only affect Kraken clients living in the U.S. and will begin
FCA Warns About Crypto Investment Risks
The United Kingdom’s financial watchdog, the Financial Conduct Authority (FCA) has warned cryptocurrency holders and investors about the potential risks in the market. The FCA said investors in the market should be prepared to lose a major chunk of their investments