• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Friday, February 3, 2023
Cameron County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Technology Crytpocurrency

UK, US, India, Singapore See More Crypto-Related Regulations, EU Bans High-Value Provision Of Crypto Services To Russia + More News – Cryptonews

by NewsReporter
April 8, 2022
in Crytpocurrency
Reading Time: 5 mins read
uk,-us,-india,-singapore-see-more-crypto-related-regulations,-eu-bans-high-value-provision-of-crypto-services-to-russia-+-more-news-–-cryptonews
Share on FacebookShare on Twitter
adobestock maksym yemelyanov 11
Source: AdobeStock / Maksym Yemelyanov

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

__________

Regulation news

  • Only five crypto firms — CEX.IO, Copper Technologies, GlobalBlock, Revolut, and Moneybrain — remain on the UK Financial Conduct Authority’s (FCA) temporary registration (TRR) list, able to trade while their applications are being considered by the regulator.
  • The UK Financial Conduct Authority (FCA) launched a three-year strategy to “improve outcomes for consumers and in markets” throughout the country, they said, where the key focus is “shutting down problem firms, which do not meet basic regulatory standards.” They claim that this initiative will protect consumers from potential fraud and poor treatment, and create a better market.
  • The National Payments Corporation of India (NPCI) announced that they were not aware of any crypto purchases using their Unified Payments Interface (UPI), a payments system designed to facilitate interbank transactions through mobile phones. They cite “some recent media reports” as the reason for the clarification. The clarification comes soon after major crypto exchange Coinbase made its debut in India, claiming its platform was supported by the country’s UPI.
  • The Monetary Authority of Singapore (MAS) explained that its guidelines do not allow marketing and advertising of digital payment token (DPT) services to retail consumers in Singapore, but ads to accredited and institutional investors are allowed if service providers can demonstrate how they are targeted only at these specific groups of investors, per the Straits Times. Additionally, sponsorship of international events not held in Singapore but which will be broadcasted there are not in breach of the guidelines and can be allowed.
  • European Union member states agreed to ban the provision of high-value cryptoasset services to Russia as part of a package of sanctions imposed in response to the Ukraine war. They add that “[t]his will contribute to closing potential loopholes” in existing restrictions.
  • The US Federal Deposit Insurance Corporation (FDIC) asked banks to report on their crypto-related activities, citing potential safety and soundness risks as well as financial stability concerns that may come from exposure to cryptoassets. The FDIC will review the information, ask more questions if necessary, and then issue “relevant supervisory feedback,” they explained.
  • US Acting Comptroller of the Currency Michael J. Hsu said that he believes “establishing an intentional architecture for stablecoins can help protect people and the dollar and reflect our values” in his remarks before the Institute of International Economic Law at Georgetown University Law Center. He added that other core values – among them privacy, security, and preventing illicit finance – may also “warrant discussion and consideration”.

Legal news

  • A New York State Supreme Court judge ruled in favor of crypto datacenter and power generation company Greenidge, stating that the project would not harm the environment. This comes after a petition had been filed by environmental companies Sierra Club and Seneca Lake Guardian that claimed the projects could impact the air or water of Seneca Lake.
  • Hong Kong police have arrested a suspected triad member days after a crypto trader was conned out of HKD 800,000 (USD 102,070) in a bogus Tether (USDT) transaction that took place last weekend, per the South China Morning Post. The suspect was detained on suspicion of obtaining property by deception after being picked up in a public housing flat where officers seized about HKD 40,000 (USD 5,100) believed to be crime proceeds.

Exchanges news

  • Kraken CEO, Jesse Powell retweeted that the exchange will close its global headquarters on 548 Market Street, in the center of San Francisco, USA. The tweet, first shared by political commentator Richie Greenberg, alleges that “numerous employees were attacked, harassed and robbed on their way to and from the office.”

Adoption news

  • Digital identity verification tech company Netki and crypto exchange software AlphaPoint announced their partnership to implement macroscale cryptoasset onboarding projects. They had previously worked together on the Chivo wallet, which was used for bitcoin (BTC) rollout in El Salvador.

Investment news

  • Nonprofit organization Luna Foundation Guard, which is behind the Terra (LUNA) blockchain project, announced a USD 100m treasury swap with the Avalanche Foundation, the organization behind the Avalanche (AVAX) project. They said that this makes AVAX the first major cryptoasset beyond BTC to be added to their reserve.
  • Alex Kriete, Greg Girasole, and Frank Cavallo, all former executives of banking giant Citi, have formed a new investment management firm dedicated to crypto named Motus Capital.
  • Digital securities exchange ADDX has launched an institutional service called ADDX Advantage for wealth managers, corporate treasuries, and family offices.
  • Earnings platform Community Gaming raised USD 16m in an oversubscribed Series A funding round led by SoftBank Group via its SB Opportunity Fund. With the new funds, the platform is looking to expand its product offerings.
  • Crypto lending network Celsius (CEL) announced it now holds over BTC 150,000 and has paid rewards of nearly BTC 6,100 to its community.
  • Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, plans to give away most of his USD 20bn fortune, per the Financial Post.

Related Posts

bitcoin,-ethereum,-crypto-news-and-price-data-–-coindesk

Bitcoin, Ethereum, Crypto News And Price Data – CoinDesk

by NewsReporter
April 14, 2022
0

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies...

be[in]crypto-video-news-show:-the-lightning-network-–-beincrypto

Be[In]Crypto Video News Show: The Lightning Network – BeInCrypto

by NewsReporter
April 14, 2022
0

In this episode of BeCrypto’s Video News Show, host Juliette Lima explains Bitcoin’s popular Layer-2 payment solution, the Lightning Network. While Bitcoin usage has increased dramatically, this has come with a subsequent uptick in transaction times and fees. At a lackluster seven transactions per second, Bitcoin’s network is effectively inefficient...

bitcoin,-ethereum,-crypto-news-and-price-data-–-coindesk

Bitcoin, Ethereum, Crypto News And Price Data – CoinDesk

by NewsReporter
April 13, 2022
0

Brandy covers crypto-related venture capital deals for CoinDesk. Context, an app that allows users to “follow” the transactions of any crypto wallet, has raised $19.5 million in a funding round co-led by Variant Fund and OpenAI CEO Sam Altman, the company tweeted on Wednesday. The Block previously reported on the...

justin-bieber,-gwyneth-paltrow-and-ashton-kutcher-are-among-dozens-of-celebrity-investors-piling-into-crypto-startup-moonpay-–-cnbc

Justin Bieber, Gwyneth Paltrow And Ashton Kutcher Are Among Dozens Of Celebrity Investors Piling Into Crypto Startup MoonPay – CNBC

by NewsReporter
April 13, 2022
0

MoonPay CEO and co-founder Ivan Soto-Wright speaking at the Bitcoin 2021 conference in Miami, Florida.Eva Marie Uzcategui | Bloomberg | Getty ImagesWhat do Justin Bieber, Gwyneth Paltrow, Snoop Dogg and Ashton Kutcher all have in common? Aside from being A-list celebrities, they're among more than 60 new investors in fintech...

Cameron County News Online

© 2021 Salt Lake City News Now

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Salt Lake City News Now

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT