Source: mizar_21984/Adobe The CVM, Brazil’s markets regulator, has co-launched a glossary of crypto-related terms in a bid to “standardize” terminology in the Latin American nation. The glossary was co-compiled and published by the Brazilian Cryptoeconomics Association (ABCripto), a crypto industry group. Per the Portuguese-language media outlet Criptofacil, the CVM’s Education and Financial Inclusion Director Paulo…
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Source: AdobeStock / AndriiKoval OKX Ventures, the investment arm of cryptocurrency exchange OKX has joined the Ethereum Climate Platform (ECP) to partner towards sustainable climate goals. In a Dec 6 press release, the company announced the decision to join the platform and highlighted plans targeted to decarbonize the web3 ecosystem amid recent climate reports on…
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The Indian government has revealed that 28 crypto service providers are currently registered with the country’s Financial Intelligence Unit. Furthermore, the Ministry of Finance has clarified that the anti-money laundering guidelines and reporting requirements apply to offshore cryptocurrency exchanges servicing the Indian market. 28 Crypto Firms Are Registered Entities India’s Ministry of Finance answered some…
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Blackrock, the world’s largest asset manager, and Bitwise have filed an amendment to their spot bitcoin exchange-traded fund (ETF) applications with the U.S. Securities and Exchange Commission (SEC). The SEC has held meetings with exchanges and spot bitcoin ETF issuers regarding their applications. “Both the SEC and these issuers are working hard to iron things…
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Only five percent of surveyed South African crypto-asset financial service providers (FSPs) are generating revenue between $8 million and $10 million. The Financial Sector Conduct Authority study found that many of the crypto asset FSPs “earn their revenue from trading fees.” Only 10% of FSPs Derive Income From Both Regulated and Unregulated Financial Services According…
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Ripple’s chief legal officer says the U.S. Securities and Exchange Commission (SEC) is “anything but infallible,” emphasizing that the regulator is “bloated, broken, and beleaguered.” He advised investors not to be intimidated when having to deal with the securities watchdog. ‘SEC Is Anything But Infallible’ Ripple’s chief legal officer, Stuart Alderoty, slammed the U.S. Securities…
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Source: Pixabay / Michael Wuensch Popular Bitcoin (BTC) critic Alex De Vries says the asset uses about 16,000 liters of water which can fill a pool for each transaction on the network, a claim that has sparked diverse reactions. In a study released on Nov 29, De Vries opined that Bitcoin has a growing water…
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Source: fasset.ae Digital asset brokerage Fasset FZE has received a Virtual Asset Service Provider (VASP) license from the Virtual Asset Regulatory Authority (VARA) in Dubai, UAE. According to the press release, the operational license is the final stage in VARA’s approval process. It authorizes the company to provide digital asset broker-dealer services to retail and institutional investors, in…
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Blackrock, the world’s largest asset manager, has held another meeting with the U.S. Securities and Exchange Commission (SEC) to discuss its spot bitcoin exchange-traded fund (ETF) application. The firm has proposed a “revised in-kind” model for its spot bitcoin ETF that it believes will “resolve” the SEC’s concerns. The regulator has reportedly indicated that it…
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The U.S. deputy secretary of the Treasury has revealed that the Treasury Department has asked Congress for more tools and authorities “to go after illicit actors in the digital asset space.” Moreover, he stressed: “We need to update our illicit finance authorities to match the challenges we face today, including those presented by the evolving…
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