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Data from a recent report suggest that enforcement actions from U.S. regulators against those in the crypto space cost those firms less than 1% of that in traditional finance for the last 20 years. Go to Source Powered by WPeMatico
With much of the Nigerian crypto market underground or peer-to-peer due to government restrictions, the country’s securities regulator is looking into ways to make investors safer. Go to Source Powered by WPeMatico
Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan. On top of this, another story explains … Read more
As the largest banking and financial institution in Russia and one of the world’s biggest public companies, Sber’s move into digital assets is a significant one. Go to Source Powered by WPeMatico
The bank joins Coinbase, Huobi, SIX Digital Exchange, 100x Group, and other industry leaders to advocate for the adoption of digital assets. Go to Source Powered by WPeMatico
Two Chinese banks are expanding their pilot programs for the digital national fiat. The state-owned financial institutions have revealed they are aiming to allow digital yuan holders to acquire investment funds and insurance products using the new currency. Chinese Banks Partner With Fund Managers and Insurers in Search of Digital Yuan Use Cases China Construction … Read more
Bank of Communications and China Construction Bank are working with fund managers and insurers to facilitate e-yuan payments for Chinese citizens. Go to Source Powered by WPeMatico
Thailand’s Bank of Ayudhya, where MUFG holds a 76.9% stake, has participated in a $41 million raise for Asia-Pacific-focused crypto trading platform Zipmex. Go to Source Powered by WPeMatico
The joint venture operating the new blockchain-powered platform will be headquartered in Singapore and led by SC Ventures’ Amelia Ng as CEO. Go to Source Powered by WPeMatico
Major protocol improvements, attractive staking rewards and real-world adoption from banks back the current bullish price action seen in XTZ. Go to Source Powered by WPeMatico