Ukraine Adopts Law ‘On Virtual Assets’ to Regulate Crypto Market

The parliament in Kyiv has passed legislation determining the rules for crypto-related operations in Ukraine. The law “On Virtual Assets” recognizes cryptocurrencies as intangible goods while denying them the status of legal tender. It also regulates the activities and obligations of crypto businesses. Ukraine Legalizes Crypto Activities, Defines Virtual Assets Ukraine’s Verkhovna Rada, the country’s … Read more

‘SEC Will Stop at Nothing to Control Entire Crypto Space,’ Says Former Federal Prosecutor

A former federal prosecutor says that the U.S. Securities and Exchange Commission (SEC) “will stop at nothing to control the entire crypto space.” The SEC has now threatened to sue the Nasdaq-listed crypto exchange Coinbase. The regulator is already in an ongoing lawsuit with Ripple Labs and its executives. SEC Going After Entire Crypto Space, … Read more

Russia Not Ready for Bitcoin as Legal Tender, Putin’s Spokesman Peskov Says

Russia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a statement to the press, Dmitry Peskov revealed he is convinced that such a move would not bring any benefits to the Russian Federation. Kremlin Not … Read more

US SEC Threatens to Sue Crypto Exchange Coinbase, CEO Brian Armstrong Responds

The U.S. Securities and Exchange Commission (SEC) has threatened to sue the Nasdaq-listed cryptocurrency exchange Coinbase over its lending product. The exchange says, “We don’t know why … We got no explanation from the SEC.” Coinbase Threatened by SEC Coinbase revealed Tuesday that it received a Wells notice from the SEC last Wednesday about its … Read more

Central Bank of Brazil Director States Government Will Know ‘Everything You Have in Bitcoin’

Mauricio Moura, a current director of the Central Bank of Brazil, stated that anonymity won’t be a choice when making cryptocurrency transactions in the country. The representative stated that, sooner or later, all users would have their transactions identified by the government. These comments came at an event promoted by the Institute of Professionals for … Read more

ECB Officially Starts to Investigate Digital Euro — Development Could Begin in 2 Years

The European Central Bank (ECB) says it is “starting to investigate” a digital euro by launching a two-year investigation. ECB President Christine Lagarde believes the ECB should be ready to respond to people’s demands for digital currencies and come up with a European-based solution that “does not jeopardize the whole banking system.” Lagarde Unveils ECB’s … Read more

Crypto Exchange Binance Ceases Trading in Singapore Dollars to Comply With Regulations

Cryptocurrency exchange Binance has announced that it will cease offering trading pairs and payment options in Singapore dollars to remain compliant with the country’s regulators. The announcement followed a notice issued by the Monetary Authority of Singapore (MAS) stating that Binance “may be in breach of the Payment Services Act.” Binance Complying With Singapore’s Regulations … Read more