Democratic representative Maxine Waters, chair of the House Financial Services Committee, demanded hours after Libra was unveiled that development is paused while regulators and lawmakers scrutinise the plans. The payment system revolves around a digital […]
The Financial Conduct Authority (FCA) said that the rules will prohibit the sale or marketing of financial products linked to cryptoassets, such as Bitcoin and Ethereum, from 6 January 2021. The FCA warned that products […]
“Due to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA,” the regulator said. “No other entity […]
The Financial Action Task Force (FATF) proposed a law to apply the travel rule to cryptocurrency transactions, rendering them traceable. This rule already applied to conventional wire transfers. It forces the sender and recipient to […]
The price of cryptocurrency started booming near the start of the Covid-19 pandemic leading many people to start investing in the highly volatile currencies. But the past year has seen wild fluctuations in the price […]
The Treasury Committee, which is formed from a cross-party group of MPs, said that swift seizure of cryptoassets from criminals could help to dampen further illegal activities as the proceeds of crime are increasingly held […]
After hours of negotiations, the European Commission, EU lawmakers and member states have reached an agreement on a groundbreaking set of rules to guard against abuse and manipulation in the cryptocurrency market. The new regulations, […]
The EU Parliament has approved what has been described as the “world’s most sweeping cryptocurrency rules”, also known as the Markets in Crypto Act (MiCA). The legislation will impose a number of requirements on crypto […]
In a new report, the cross-party Committee of MPs said that cryptocurrencies such as Bitcoin have “no intrinsic value and serve no useful social purpose”, while consuming large amounts of energy and being used by […]
The US Securities and Exchange Commission (SEC) is cracking down against cryptocurrency operators, by suing two of the most important players in the sector: Binance and Coinbase. On Tuesday 6 June, the SEC asked a […]
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