The European Commission, the EU’s executive arm, has drafted regulations to strictly supervise cryptocurrencies that it considers “significant,” including assets such as Facebook’s Libra. The news was first reported on September 10 by the European news agency Euractive, citing a…
The Swiss Parliament has unanimously approved amendments to six existing corporate and financial laws to boost blockchain and cryptocurrency-related activities. The revised amendments will complete the blockchain law passed by the Swiss House of Representatives this summer, which will affect…
Kazakhstan moving with a plan to boost the country’s economy by expanding its crypto mining sector to 300 billion tenges ($715 million). Today, it has the potential to attract investment worth 300 billion tenges, and talks are already underway to…
The world is transforming digitally and so is our payment system. The emergence of cryptocurrencies is a shining example. The original mainstream cryptocurrency is Bitcoin, which was launched in 2009. Cryptocurrencies offer minimal transaction fees, access for everyone, immediate settlement,…
Back In March, the National Assembly adopted a framework for the regulation and legalization of cryptocurrencies and exchanges, which will provide a legal basis for their use by financial institutions and service providers. The EU has also signed the 4AMLD…
According to the Russian newspaper Kommersant, Russian bank Expobank has granted businessman Mikhail Uspensky the first loan with a cryptocurrency backed collateral. This first appeared on Invezz, and it is one of the first crypto-backed loans worldwide. Russian banks have…
Raghuram Rajan is known for predicting the 2008 recession in 2007 and spearheading India’s economic recovery over the past decade who is currently a finance professor at the University of Chicago. On Thursday, he told CNBC that he had seen…
Bitcoin trading volumes have risen to their highest level since January 2018, with Bitcoin (BTC) changing hands for the first time in more than a year, according to a new report from the subsequent firm. The increase follows new highs…
According to a news release from South Korea’s Ministry of Financial Services and Trade, teams establish strategic technology cooperation to protect digital assets. Bitcoin, the world’s most popular digital currency. The company, which is part of the partnership, said it…
In an interview with CNBC, McDermott said the company was exploring the possibility of creating a digital Fiat token. In other words, Goldman Sachs is considering a stable coin whose price is pegged to the US dollar or a similar…
While millennials flock to Bitcoin, older investors tend to lean toward gold, the bank’s analysts say. Retail investors have split down the middle over their preferred alternative investments, a team of JPMorgan analysts says. While the older generation can’t get…
Russian President Vladimir Putin signed two bills on Monday that dramatically tighten government control over the Internet and the use of cryptocurrencies such as Bitcoin and Ethereum, and signed a controversial Internet sovereignty law that strengthens state control over the…