The Blockchain Association of Kenya has been asked to help create the country’s first draft bill on crypto asset regulation. The National Assembly’s Departmental Committee on Finance and National Planning also asked the association to undertake “robust public education on cryptocurrency trade to demystify it.” Kenya’s Initial Draft Crypto Bill A Kenyan parliamentary committee has…
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Source: Pixabay The National Securities Market Commission (CNMV) of Spain has opened its first crypto infringement case against local technology provider Miolos. CNMV, the Spanish securities markets regulatory body, released an agreement on Wednesday, announcing “sanctions proceedings” against Miolos over crypto non-compliance. The agency’s executive committee agreed upon the sanctions during a session held on…
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Director of Rosfinmonitoring Yuri Chikhanchin referred to the rise in popularity that crypto is experiencing in Russia in a recent interview, stating that more than 185,000 cryptocurrency transactions were completed during the first nine months of 2023. Chikhanchin also called for regulation in the crypto industry to be introduced as soon as possible due to…
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Coinbase responded to Maryland’s order by adjusting its staking services for state residents. Image by mehaniq41, Adobe Stock. In an unfolding development, the US cryptocurrency exchange Coinbase announced the suspension of its staking services in Maryland today via an e-mail to its customers. The decision follows a preliminary cease and desist order issued by the…
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Source: iStock/Pgiam Hester Peirce, a commissioner at the Securities and Exchange Commission (SEC), has expressed her strong disapproval of the agency’s handling of charges against cryptocurrency startup LBRY. In a statement released on Friday, Peirce, known for her favorable stance towards the crypto industry, argued that the SEC’s claims of clear application of securities laws…
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JPMorgan analysts caution that SEC rejections of Bitcoin ETF applications could spark new legal battles. Image by plysuikvv, Adobe Stock. The possibility of SEC approval for a spot bitcoin exchange-traded fund (ETF) has generated growing optimism in recent weeks, with some analysts predicting approvals could come within months. Potential legal battles loom if the SEC…
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Source: Pixabay Senior public officials in South Korea’s Gyeonggi province have declared their cryptocurrency holdings. The disclosure comes as part of the province’s efforts to ensure transparency among its government employees to avoid conflict of interest. Gyeonggi province announced that it had undertaken proactive measures to encourage the reporting of virtual assets by high-ranking public…
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Crypto exchange giant Binance seems to have connections with a newly established cryptocurrency trading platform in Hong Kong that has announced its intention to apply for a license in the city, according to a South China Morning Post report. The trading platform, known as HKVAEX, was created in December 2022 and launched its trading services…
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In 2022 stablecoins have eclipsed both Mastercard and PayPal in transaction volume, reaching an impressive sum of nearly $6.87 trillion last year. Despite their critical role in the crypto economy, however, the United States is falling behind in stablecoin policy and global competitiveness. … Read More: Stablecoins Surpass Mastercard and PayPal in Transaction Volume While U.S.…
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U.S. cryptocurrency exchange Coinbase has selected Ireland as the main regulatory hub for its operations across the European Union. The company hopes to obtain a license in Ireland that will allow it to provide services in EU member states under the pan-European Markets in Crypto Assets (MiCA) law. Coinbase Bets on EU Growth Amid Regulatory…
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