Month: June 2021

64 Cryptocurrency Firms Have Withdrawn Applications to Operate in UK, FCA Says

by

A growing number of crypto firms in the U.K. are withdrawing their applications to register with the Financial Conduct Authority (FCA). Around 64 firms have already withdrawn their applications and will not be able to operate in the U.K. The list of cryptocurrency companies abandoning their attempts to register with the U.K.’s financial regulator is … Read more

Mexico’s Finance Minister: Cryptocurrencies Are Prohibited From Being Used in Financial System

by

Mexico’s central bank, finance ministry, and banking regulator have jointly issued a warning about cryptocurrency. Finance Minister Arturo Herrera emphasized that cryptocurrencies are prohibited from being used in Mexico’s financial system. The central bank of Mexico, the finance secretary, and the National Banking and Securities Commission (CNBV) said in a joint statement Monday that crypto … Read more

Why Crypto Is About to Explode

by

Covid-19 has seen higher volatility of the world markets. Could Cryptocurrency be the way forward? Experts say yes. Coronavirus struck us last year, right where it hurts… in the financials. While businesses were closed down – some of them for good – many of us were left high and dry. Following generation, cryptocurrency mining teams … Read more

Korean Crypto Exchanges Consider Suing Government Over Banking Requirements

by

All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law is unconstitutional. A number of exchanges are currently considering filing a … Read more

Indians Hold $40 Billion in Cryptocurrency, Report Suggests

by

Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies. Indian Crypto Investments Increase Amid Regulatory Uncertainty A growing number of Indians have put money into cryptocurrencies in the past … Read more