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The Prime Minister said he has been communicating with Vietnam’s money laundering legal agency VnExpress reported. The country’s local newspaper revealed that Chinh made this new move in a discussion group. The Needs for Crypto Regulation Vietnam Prime Minister Pham Minh Chinh on October 24 expressed his concern over crypto regulation. The vast risks and … Read more
The digital asset trading platform, Lbank Exchange, plans to list a new token on its trading floor on October 25 to enable its users to access and trade gold-based crypto assets. LBank Exchange to Unveil VNX Gold (VNXAU) VNX Gold utilizes blockchain technology to tokenize physical Gold by combining Gold’s reliability and cryptocurrency’s flexibility. Users … Read more
Investors of Obelisk have claimed that its promoters had taken advantage of them financially. Before this, the National Consumer Commission (NCC) received consumer complaints. In a public declaration on Friday, the complainants said close friends and family members enlisted them. The complainants said that Obelisk convinced them to buy a “bitcoin mining machine.” The Scam … Read more
The crypto market is currently in a bearish trend due to the woeful performance of the broader industry, with the global macroeconomic environment appearing grim. ECB Mulls Interest Rate Hike The United States Federal Reserve has taken aggressive action against soaring inflation. The Fed has continuously raised interest rates to more than 50 basis points, … Read more
The European Union (EU) recently approved the Market in Crypto Assets (MiCA) regulations. It is now urging its counterpart in the United States to hurry up and keep pace with its guidelines. Crypto Regulations are Now Global The EU financial services commissioner, D.C., Mairead McGuinness, revealed that crypto regulations would now take a global dimension. … Read more
The Bank of Jamaica is set to expand the country’s central bank digital currency (CBDC), JamDex, in collaboration with the government to boost its adoption rate. JamDex Expansion on the Horizon According to a recent report, the country’s CBDC drive began in 2022 in partnership with Lynk, a mobile wallet services provider. Since September, the … Read more
The world’s leading card payment provider, MasterCard, has revealed that it is currently working on ensuring that cryptocurrency becomes an “everyday way to pay” asset as the company envisions an increase in adoption. The 5 Areas of Focus The payment giant has made five areas its main point of concentration to turn crypto into an … Read more
The U.S.-based exchange-traded fund (ETF) issuer has announced that it would liquidate one of its several ETFs invested in firms exposed to Bitcoin. Low Customer Demands Forces Liquidity According to Valkyrie Funds LLC, its Valkyrie Balance Sheet Opportunities Fund (Nasdaq: VBB) will be delisted from the trading platform. The Nasdaq-listed Bitcoin-based digital asset has been … Read more
After the European Union (EU) activated its eight-package sanctions on Russia by barring its citizens from holding and transacting cryptocurrencies, it seems other platforms are about to follow suit. Dapper Labs Barred Russian Accounts The developers of the Flow Blockchain, Dapper Labs, have canceled crypto accounts belonging to Russian citizens. The decision by Dapper Labs … Read more
In a move signifying its intent, the European Union has finally signed off on the Market in Crypto Assets (MiCA) regulations to provide comprehensive guidelines for crypto services providers. EU Endorses Industry-Wide Regulations On October 5, the European Union Council endorsed and released the official text of the long-awaited Markets in Crypto Assets (MiCA) law. … Read more
In a move that has surprised many, Huobi Global announced that its founder had parted ways with his entire stake at the crypto exchange after selling it to a Hong Kong-based firm. Founder Cedes Staking Control Huobi founder Leon Li is reported to have sold his entire controlling stake to About Capital Management. The agreement … Read more
After much ado about the status of some digital currencies, the chairman of the U.S. Securities and Exchange Commission (SEC) maintains that most cryptocurrencies are securities. Most Cryptos are Securities There have been arguments over whether digital assets could be classified as commodities or securities. Stakeholders in the U.S. crypto space see assets as commodities … Read more