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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
The question for DeFi regulation: Is there an “owner” of the platform who can be held accountable for complying with the regulations? Go to Source Powered by WPeMatico
With the huge growth in the NFT industry, the time is right to take a look at NFTs from a compliance and regulatory perspective. Go to Source Powered by WPeMatico
On January 5, the open-source non-custodial decentralized finance (defi) lending platform Aave launched a permissioned version of the protocol aimed at institutions. The platform dubbed Aave Arc will leverage Fireblocks as the first whitelister as the platform aims to help bridge traditional financial institutions with defi. KYC-Centric Defi Liquidity: Aave Launches Aave Arc Permissioned Protocol … Read more
India’s central bank, the Reserve Bank of India (RBI), has warned about multiple risks cryptocurrency poses to the country’s financial stability. “They are also prone to frauds and to extreme price volatility,” the apex bank claims, stressing that “cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML) / combating the financing of terrorism … Read more
The exchange plans to verify users’ names and resident registration details to ensure crypto transactions were “not used for illegal activities such as money laundering.” Go to Source Powered by WPeMatico