cryptoassets – DIGIT INFO

Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation

DIGIT — Tue, 10 Sep 2024 02:30:44 +0000

The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin product to restrict fiat margin trading for non-wholesale investors, while crypto margin extensions […]

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Crypto retail trading should be regulated as gambling: UK lawmakers

DIGIT — Wed, 17 May 2023 03:55:12 +0000

The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed.

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UK Law Commission Publishes Proposals to Reform Laws Relating to Digital Assets — Says Reforms Must Not ‘Stifle Development’

DIGIT — Thu, 28 Jul 2022 13:15:57 +0000

According to the Law Commission, the United Kingdom statutory body, digital assets play an increasingly important role in modern society and as such, the law relating to these must be reviewed. Reforming the laws will not only protect the rights of users and maximize the potential of digital assets but can potentially position England and […]

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Bank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto

DIGIT — Fri, 22 Apr 2022 03:24:00 +0000

The regulator says it’s “committed to keeping pace” with the risks of “the growth of crypto assets”, upping its budget by $31 million in preparation.

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FCA’s Fourth Consumer Report Shows UK’s Crypto Asset Ownership Increased 27% Since Last Year

DIGIT — Thu, 17 Jun 2021 14:00:48 +0000

The UK’s Financial Conduct Authority (FCA) has published a research report that reveals crypto asset ownership has increased a great deal. According to the study, crypto ownership spiked more than 27% since last year as the FCA’s estimates show 2.3 million adults hold digital currencies, up from 1.9 million in 2020. United Kingdom’s Regulator Publishes […]

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UK Regulator: 3% of Consumers Surveyed Have Bought Cryptocurrency

DIGIT — Thu, 07 Mar 2019 17:30:05 +0000

The U.K.’s Financial Conduct Authority (FCA) published two reports on consumer attitudes and awareness to crypto assets in the country. The research includes qualitative interviews and a national survey of 2,132 British consumers. Also Read: In the Daily: Tokenized ETFs, Chainalysis, Binance Labs in Argentina 3% of Brits Report Buying Crypto Assets The number of […]

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Majority of Crypto Assets Are Highly Centralized, Research Finds

DIGIT — Wed, 17 Oct 2018 18:30:23 +0000

One of the central pillars of Bitcoin and cryptocurrency in general is that the system is decentralized, ensuring no single point of failure for adversaries to attack. However, new research has found the majority of assets in the ecosystem today to be highly centralized. Also Read: Crypto Hedge Fund Launches Retail Public Offering in Japan […]

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Liechtenstein Bank to Launch Its Own Cryptocurrency Backed by the Swiss Franc

DIGIT — Thu, 23 Aug 2018 22:03:50 +0000

Union Bank AG, a bank in Liechtenstein that offers corporate banking services mainly to companies based in Germany, Switzerland, Austria and the Middle East, has announced that it will be launching its own security tokens in alignment with Liechtenstein’s regulatory authority, FMA, and subsequently its cryptocurrency, “Union Bank payment coin,” which is fully backed by […]

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Canadian Securities Commission: Over Half a Million Ontarians Currently Holding Crypto

DIGIT — Mon, 02 Jul 2018 03:18:54 +0000

A study by the Ontario Securities Commission reveals that over half a million people, 5 percent of Ontario residents, currently own cryptocurrencies. The report also shows how they invest, how many owned crypto in the past but not anymore, and details of those investing in tokens. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 5% of […]

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