French Finance Minister throws shade at crypto, praises blockchain
He stated that he does not “question the reliability and traceability of all blockchain technology,” but denounced crypto. Go to Source Powered by WPeMatico
Regulation
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Exploring the landscape of crypto regulations in sub-Saharan Africa
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry. Go to Source Powered by WPeMatico
Peter Schiff’s Euro Pacific Bank Under Investigation by Tax Authorities in 5 Countries
Euro Pacific Bank, founded by gold bug and bitcoin skeptic Peter Schiff, is reportedly under investigation by the tax authorities of five countries. The bank’s customers allegedly include several tax fraud masterminds and a Russian syndicate described by the FBI as the world’s worst cybercrime group. Peter Schiff’s Euro Pacific Bank Probed by Tax Authorities … Read more
Bitcoin Adoption Soars in Turkey Amid High Inflation, Lira Hitting Record Low
People in Turkey are increasingly turning to bitcoin as the local currency, the Turkish lira, recently hit another record low against the dollar. Bitcoin adoption in Turkey outshines other countries in the region. Turkey Is Regional Leader in Bitcoin Adoption Bitcoin adoption has been increasing in Turkey as the local currency, the Turkish lira, hit … Read more
FSB Report Says Stablecoins Promote Financial Inclusion: Urges Regulators to Tighten Laundering Controls
The Financial Stability Board (FSB) says stablecoins have the potential to enhance the efficiency of the provision of financial services. The body adds that the hybrid cryptocurrencies have the potential to bring efficiencies to payments (including cross-border payments) as well as to promote financial inclusion. Yet despite this acknowledgment, the FSB still argues against the … Read more
Cryptocurrency ETFs: SEC Wants to Facilitate Tokenized Products
The U.S. Securities and Exchange Commission (SEC) wants to facilitate tokenized exchange-traded funds (ETFs), according to chairman Jay Clayton. The agency is collaborating with other U.S. regulators to determine how to regulate different crypto products. SEC Open to Tokenization of ETFs SEC Chairman Jay Clayton talked about the commission’s approach to regulating crypto products during … Read more
Shariah Compliance Expert Says Cryptocurrencies Are Legit Commodities
A shariah compliance expert, the current chairman of the Shariah Advisory Council at Malaysia’s central bank and a shariah board member at many financial companies, says that cryptocurrency is a legit commodity that can be exchanged. Cryptocurrency and Shariah Compliance Cryptocurrency adoption and investments remain low in Muslim countries as people are still unsure of … Read more
Korean blockchain lobby calls for crypto tax plan to be put on ice
The Korea Blockchain Association wants the government to postpone the implementation of its new tax framework until 2023. Go to Source Powered by WPeMatico
Crypto Capital’s NFL defendant open to guilty plea, but not for $371M
A former NFL team owner has been asked to pay $371M as part of a plea deal over bank fraud, illegal money transfers, and wire fraud. He’s not interested. Go to Source Powered by WPeMatico
Central banks should be ready with CBDCs, says Bank of Canada exec
Timothy Lane says the central bank is developing a CBDC at “a good pace.” Go to Source Powered by WPeMatico