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The Central Bank of Argentina is reportedly working on a new group of regulations seeking to control the totality of the digital wallets in the country. This new legal framework is directed at stopping fraud said to be facilitated by these tools. According to leaks on local media, the publication of the law is imminent. … Read more
RegTech enhances compliance for financial services institutions. This guide explains how blockchain works in banking to achieve this goal. Go to Source Powered by WPeMatico
“We are focused on adding new members, so that TRUST can provide comprehensive compliance across the crypto industry,” said the joint announcement. Go to Source Powered by WPeMatico
United Arab Emirates (UAE)’s Ministry of Economy has joined hands with the Arab Federation of Capital Markets (AFCM) to kickstart a challenge that encourages fintechs to create a know-your-customer (KYC) verification system based on blockchain technology. Trustworthiness of Data on the Blockchain The AFCM has, in conjunction with the UAE’s Ministry of Economy, launched a … Read more
DBS Bank’s crypto exchange launched in late 2020, allowing to trade cryptocurrencies only to professional investors. Go to Source Powered by WPeMatico
From money laundering concerns to the categorization dilemma, these topics will define the emerging regulatory discussion around NFTs. Go to Source Powered by WPeMatico
The question facing nonfungible token regulation: Should NFTs be considered as digital assets? Go to Source Powered by WPeMatico
The Treasury will consider imposing KYC regulations on transactions involving self-custodied wallets. Go to Source Powered by WPeMatico
The chief marketing officer (CMO) of a cryptocurrency payments solution company, Rotimi Ogunwede, has insisted that the Central Bank of Nigeria (CBN)’s decision to bar crypto entities from the banking system may be the reason why Nigerians are now more knowledgeable about cryptocurrencies. CBN Prohibition Forced Patricia to Establish Operations Outside of Nigeria An executive … Read more
According to the chief executive officer (CEO) of the United Arab Emirates-based financial institution, Bank of Sharjah, blockchain and cryptocurrencies are not only difficult to regulate but are also here to stay. Despite this prediction, the CEO admits that many in the banking industry still do not fully understand this technology. A Revolutionary Technology The … Read more
