The United Kingdom has officially put into effect the crypto Travel Rule, a significant regulatory move in the digital asset space. Starting on September 1st, this rule, part of FATF recommendation, mandates Virtual Asset Service Providers (VASPs) and financial institutions to collect and exchange personal data of transaction originators and beneficiaries during virtual asset transfers….

PayPal, the online payment giant, has announced the launch of its own stable cryptocurrency, PayPal USD (PYUSD), which is fully backed by US dollar deposits and US Treasuries. The new token is designed to facilitate faster, cheaper, and more secure payments within the digital economy, especially for web3 applications that use blockchain technology. What is…

The US crypto industry is facing more uncertainty and confusion after two federal judges issued contradictory rulings on whether digital assets are securities that need to comply with the same rules as traditional financial products. The rulings, which involved two different crypto companies, Ripple Labs and Terraform Labs, could have significant implications for the future…

The Russian rouble has been under pressure since the US and its allies imposed new sanctions on Russia over its military intervention in Ukraine. The rouble hit a record low of 103.5 per US dollar on Monday, February 28, 2023, losing more than 30% of its value since the start of the year. The sanctions…

The US Securities and Exchange Commission (SEC) has been cracking down on the crypto industry, claiming that most digital assets are securities that need to comply with the same rules as traditional financial products. However, one of the biggest crypto exchanges in the US, Coinbase, has challenged the SEC’s authority and refused to stop trading…

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…

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…

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…

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…