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American Express says its venture arm, Amex Ventures has invested in Falconx the cryptocurrency trading platform that focuses on serving institutional trading clients. Amex’s investment, which was announced during a record-breaking week for bitcoin, underscores the credit card issuer’s desire to cash in on the growing institutional interest in cryptocurrencies. Amex Venture’s Long Term Interest … Read more
The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex. Also read: 2x Bitcoin — Wanna Double Your … Read more
In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. Also read: Russians Can Use Qiwi, Sberbank, Yandex Money … Read more
As the G20 leaders’ summit came to a close, the nearby V20 summit concluded with a set of promises for the crypto industry in response to the global crypto standards set by the Financial Action Task Force. A group of national crypto associations aims to engage with government agencies and global policymakers to ensure the … Read more
Bahrain’s regulatory sandbox has become increasingly crypto-friendly as half of the companies approved are now either crypto exchanges or other crypto businesses including ATMs. There are currently 30 companies approved for the regulatory sandbox by the central bank. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Regulatory Sandbox Thirty companies are currently … Read more
Finland’s president has approved a law to regulate cryptocurrency service providers including exchanges, custodian wallet providers, and issuers of cryptocurrencies. The law will enter into force next week. Crypto service providers will need to register with the country’s Financial Supervisory Authority and meet statutory requirements. Also read: Indian Supreme Court Postpones Crypto Case at Government’s … Read more
The French government has adopted a financial sector bill that establishes a legal framework for cryptocurrency service providers and initial coin offerings. The bill includes both optional and mandatory licensing, and also specifies the types of funds that can invest in crypto assets. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Pacte … Read more
Five cryptocurrency exchange operators including Coincheck have signed up to self-regulate under Japanese law. They have joined the self-regulatory association which, until now, has only accepted regulated crypto exchanges as members. According to Japan’s top regulator, companies seeking to register their exchanges in the country must follow to self-regulatory rules. Also read: Indian Supreme Court Moves … Read more
Japan’s top financial regulator has published the final report outlining proposed rules for cryptocurrency service providers to follow. The rules address areas such as hacking incidents, coin listings, financial and price disclosures, margin trading, and crypto custodial services. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Final Report of Proposed Rules … Read more
The number of unique addresses on the Bitcoin Core (BTC) network is constantly growing but only 37 percent of them are “economically relevant,” according to a recent study by Chainalysis. The vast majority of them – 86 percent – are controlled by service providers and the rest are used by private investors. Another key finding … Read more
