Archive for July 2023
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…
Read MoreBritain 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…
Read MoreNasdaq Halts Plans for Crypto Custody Service Amid Regulatory Uncertainty
Nasdaq, the second-largest stock exchange in the world by market capitalization, has decided to halt its plans to launch a crypto custody service for its clients, citing the regulatory uncertainty in the US crypto industry as the main reason . What is Crypto Custody Service? A crypto custody service is a service that allows institutional…
Read MoreG20 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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