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A crypto-friendly special economic zone in Honduras has adopted bitcoin as legal tender, allowing the cryptocurrency to be used to pay taxes and fees. In addition, bitcoin bonds can be issued within its jurisdiction using “world-class standards for AML and KYC.” Bitcoin Operates as Legal Tender in Próspera Próspera, a special economic zone located on … Read more
Regulatory uncertainty, potential competition from tech giants and a market nearing exhaustion are all factors impacting ETH price. Go to Source Powered by WPeMatico
The Financial Conduct Authority named CEX.IO, Revolut, Copper, Globalblock, and Moneybrain as companies in the crypto space temporarily allowed to operate in the United Kingdom. Go to Source Powered by WPeMatico
Prohibiting crypto services was one of three financial measures the European Commission proposed in addition to an import ban on Russian coal. Go to Source Powered by WPeMatico
Treasury Secretary Yellen says the regulatory frameworks for crypto assets in the U.S. should “support responsible innovation while managing risks.” She emphasized, “Regulation should be based on risks and activities, not specific technologies.” Treasury Secretary Yellen on Crypto Regulation U.S. Treasury Secretary Janet Yellen talked about crypto regulation Thursday at American University’s Kogod School of … Read more
The National Bank of Georgia is taking steps to regulate the crypto market in the Southern Caucasus country, its governor revealed in a recent interview. While companies in the industry are to expect a licensing regime, financial institutions have already been banned from providing crypto-related services. Central Bank of Georgia to Propose Cryptocurrency Regulations Georgia’s … Read more
Sheila Warren said the addition of Cory Gardner was based on his experience “to build a stronger economy and support innovation” as well as his commitment to Web3 and crypto. Go to Source Powered by WPeMatico
BTC price is in a freefall, and data suggests bears will keep the pressure on until Friday’s options expiry. Go to Source Powered by WPeMatico
“Digital asset exchanges and other digital native intermediaries — they should be subject to appropriate forms of oversight,” said Janet Yellen. Go to Source Powered by WPeMatico
The Nigerian central bank recently fined four financial institutions it accuses of failing to stop clients from using their respective platforms to conduct cryptocurrency transactions. According to one of the affected institutions, the central bank is using a certain “advanced ability” to detect crypto transactions. Lenders Unable to Detect Crypto Transactions The Central Bank of … Read more