Basel Committee wants to limit banks’ digital asset exposure to just 1% of equity
Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium. Go to Source Powered by WPeMatico
Cryptocurrencies
Auto Added by WPeMatico
Russia’s Financial Watchdog Investigates 400 Crypto-Related Cases, Director Tells Putin
Rosfinmonitoring is conducting hundreds of investigations into cases involving cryptocurrencies, the head of the agency announced. Hundreds of thousands of Russians take part in crypto deals abroad, the top regulator also reported to the Russian president. Russian Authorities Initiate 20 Criminal Cases Linked to Crypto Assets The Federal Financial Monitoring Service of the Russian Federation, … Read more
Binance to assist Cambodia in developing crypto regulations
Crypto exchange Binance has signed similar agreements with governments in Kazakhstan, Dubai and Bermuda. Go to Source Powered by WPeMatico
New spot Bitcoin ETF launched at Euronext Amsterdam Exchange
The Jacobi Bitcoin ETF will start trading on the Euronext Amsterdam Exchange under the ticker BCOIN in July. Go to Source Powered by WPeMatico
Bitcoin clings to $20K as analysts warn of a long, bumpy ride for the foreseeable future
BTC price briefly fell below $20,000 and traders warn that the all-important support level could eventually crumble after enduring an increasing number of retests. Go to Source Powered by WPeMatico
EU officials reach agreement on AML authority for supervising crypto firms
“We are putting an end to the wild west of unregulated crypto, closing major loopholes in the European anti-money laundering rules,” said European Parliament member Ernest Urtasun. Go to Source Powered by WPeMatico
Uzbekistan Presents Registration Requirements for Cryptocurrency Miners
Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will have to register with the government and use renewable energy. Uzbekistan Discusses Draft Regulations for Crypto Mining Sector Entities involved in cryptocurrency mining will need … Read more
Stratis (STRAX) gains 200%+ after Sky Dream Mall metaverse and stablecoin announcement
STRAX price bucked the market-wide bearish downtrend by rallying 200% after the team unveiled plans for a British pound stablecoin and a new metaverse. Go to Source Powered by WPeMatico
US govt delays enforcement of crypto broker reporting requirements: Report
The reporting requirements, aimed at reducing the size of the tax gap, were scheduled to take effect in January 2023, with crypto firms sending reports to the IRS starting in 2024. Go to Source Powered by WPeMatico
Taiwan central bank governor considers interest-free CBDC design to prevent fiat deposit flight
“Neither of the current CBDCs in circulation, such as the Sand Dollar and the Digitial Yuan, accrue interest on deposits,” said Yang. Go to Source Powered by WPeMatico