crypto sector – DIGIT INFO

QCP Capital Analyzes Market Sentiment Ahead of Fed Chair’s Speech at Jackson Hole

DIGIT — Mon, 19 Aug 2024 17:46:05 +0000

QCP Capital’s latest insights report offers a fascinating blend of optimism and caution as investors eagerly anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. The firm observes a buoyant mood in equity markets, with U.S. stocks reaching record highs, while the crypto sector remains firmly in the doldrums. QCP Capital Report […]

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Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says

DIGIT — Wed, 10 May 2023 08:49:59 +0000

Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms. Crypto Hub Hong Kong Has No Intentions to Adopt ‘Light-Touch’ Regulations Hong […]

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Hong Kong’s Largest Virtual Bank Offers Crypto Conversion Services

DIGIT — Sat, 15 Apr 2023 01:30:59 +0000

ZA Bank, Hong Kong’s biggest virtual-only lender, intends to expand its business into the region’s growing digital assets sector. The banking platform will offer crypto-to-fiat conversions and account services as the Chinese financial center is seeking to embrace the industry. ZA Bank to Provide Services to Crypto Exchanges Licensed in Hong Kong Hong Kong’s first […]

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Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

DIGIT — Sat, 18 Mar 2023 04:30:29 +0000

The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in […]

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Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’

DIGIT — Tue, 28 Feb 2023 19:00:21 +0000

According to a recent report from sources familiar with the matter, Mastercard and Visa, the credit card and payment services giants, are halting new partnerships with cryptocurrency firms. This news comes after the collapse of several cryptocurrency ventures that offered crypto debit cards and failed due to financial difficulties last year. After the report published, […]

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Most Retail Crypto Investors Lost Money Over the Last 7 Years, According to BIS Analysis

DIGIT — Tue, 21 Feb 2023 19:30:57 +0000

According to data from the Bank for International Settlements (BIS), published in the latest BIS Bulletin No. 69, researchers assessed that, on average, most users lost money on their investments over the past seven years. Onchain data, metrics from exchanges, and cryptocurrency application download statistics gathered by BIS researchers suggest that most median retail crypto […]

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Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation

DIGIT — Wed, 01 Feb 2023 22:00:13 +0000

The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like traditional finance. British Government Sets Out to Regulate Crypto Market, Remains Committed […]

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Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’

DIGIT — Sun, 29 Jan 2023 05:30:40 +0000

A new organization has been established in Turkey with the aim to monitor and help develop the country’s crypto sector, local media reported. Its first task will be to address recent problems with some cryptocurrency exchanges and boost confidence in the industry as a whole. New Entity to Deal With Issues in the Crypto Space […]

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Switzerland Less Affected by Crypto Industry Crisis, Study Finds

DIGIT — Sat, 21 Jan 2023 11:30:46 +0000

While the global industry built around digital assets is losing funds and jobs are dropping off, Switzerland seems to be weathering the storm relatively well, one piece of research claims. In fact, more crypto companies settled in the country during the past turbulent year than those that left it, or the business altogether. Crypto Valley […]

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Time for Serious Global Crypto Regulation, Germany Says

DIGIT — Thu, 15 Dec 2022 12:30:17 +0000

Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin President Convinced Self-Regulation Won’t Work for Crypto The […]

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