Kuwait Bans Crypto and Virtual Assets Transactions

Crypto, or cryptocurrency, is a digital form of money that is powered by blockchain technology and cryptography. Crypto can be used for various purposes, such as payments, investments, trading, and speculation. Virtual assets are digital representations of value that can be transferred, stored, or traded electronically, such as tokens, coins, or digital collectibles. Crypto and…

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Britain Rejects Call to Regulate Crypto as Gambling

Crypto, or cryptocurrency, is a digital form of money that is powered by blockchain technology and cryptography. Crypto can be used for various purposes, such as payments, investments, trading, and speculation. Gambling, on the other hand, is a form of entertainment that involves wagering money or something of value on an uncertain outcome, such as…

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G20 watchdog – Global rules leave crypto firms with no place to hide

The G20’s Financial Stability Board (FSB) has published its final recommendations on supervising firms that trade cryptoassets such as bitcoin, saying that they need to introduce basic safeguards to prevent the blow-ups seen at FTX exchange and other crypto casualties. The FSB, which coordinates financial regulation for the world’s 20 biggest economies, said that its…

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