Kraken Exchange Faces Investigation for Sanction Violation

Kraken encountered a similar suit in 2019. A former worker accused the firm of generating cash from accounts of sanctioned nations. The United States Treasury investigated whether the Kraken exchange allowed Iranian to trade digital tokens. The trading platform has been under the radar since 2019, and reports suggest it might encounter penalties, paying fine. … Read more

What The Recent Regulatory Nod Means for CoinShares

CoinShares, a digital asset investment firm, revealed (on Tuesday) completing a crypto business acquisition, adhering to EU regulation. Such a move will likely open the gates for the company to magnify its regional services and goods sakes. One of the initial digital asset managers, Napoleon Asset Management, which operates under the EU’s AIFM (Alternative Investment … Read more

Crypto Firms Move To Switzerland To Escape Strict Regulations 

A division is stemming up between crypto-friendly states and those against crypto development. Several regions have introduced heavy taxation on crypto firms, while others banned crypto usage. Regions that have introduced strict rules for crypto include Iran, China, and India. However, crypto-friendly nations exist, such as El Salvador, UAE, Singapore, and Switzerland. Meanwhile, countries like … Read more

Russia plans to settle international payments using cryptocurrency

Russian Leaders Consulting On The Use Of Digital Currency Russian leaders are pondering the possibility of using cryptocurrency for international payments. This idea was brought up due to the limitations placed on the country’s traditional means of payment. The country’s director of the Financial Policy Department Ivan Chebeskov speaking at a forum declared that the … Read more

Binance Inks MOU With Kazakhstan For Crypto Regulation

Binance has decided to work with Kazakhstan’s government to foster crypto regulation. The exchange will provide advisory assistance to the government on crypto and blockchain development.  On Thursday, the crypto firm announced the MOU signing with the Ministry of Digital Development, Innovations, and Aerospace Industry. Both parties are willing to work together to foster crypto … Read more

BTC Mining Can Reduce the World’s Carbon Emission by 5.32%: ESG Report

The environmental effect of BTC mining has become a hot topic in recent months. The climate campaigners keep claiming that PoW mining is too energy-intensive. But, according to Daniel Batten, BTC mining could reduce global carbon emissions by 5.32%. If BTC mining firms target methane emissions, they could prevent 0.15% global warming by 2045. BTC … Read more

Russia’s Latest Move Brings Them Closer to Cryptocurrency Adoption

Vladimir Putin’s government has been stepping up attempts to circumvent financial restrictions. Those imposed by the US and other countries after the Russian invasion of Ukraine. The country’s central bank said they would let stock exchanges trade in cryptos. Overseas Payments in Cryptocurrency in Russia According to Reuters, Russia may enable cryptocurrencies for foreign payments. … Read more

Republicans In U.S. House Of Rep Introduces New Bill To Safeguard BTC Investment in Retirement Accounts

On the 21st of May, Republicans in the U.S. House of Rep released a new bill that would restrict the Department of Labor from curtailing the investment options that are available to employees in retirement accounts. In addition, the bill would make it possible for citizens of the United States to incorporate BTC in the … Read more

Commonwealth Bank Puts Crypto Trading Test On Hold Amid Regulatory Uncertainty

The Chief Executive Officer of the Commonwealth Bank of Australia (CBA), Matt Comyn, is certain that his institution will proceed with the second trial of cryptocurrency services on its mobile app once the regulatory ambiguity is resolved. Second Test On Crypto Trading Placed On Hold The CBA has decided to shelve its plans for a … Read more

U.S. Democrats Accuse Republicans Of Not Taking Crypto And Stablecoin Risk Seriously

Republicans Slowing Down Legislation On Stablecoin The Senate Banking Committee is now debating how to respond to the administration’s demand for stablecoin regulation; nevertheless, there is a significant party division about this issue.  The Democrats on the Senate Banking Committee are concerned their Republican counterparts do not give the potential dangers posed by cryptocurrencies the … Read more

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