Crypto News in 60 Seconds
July 28, 2023
After much planning by members of both parties, the Republican bill, entitled FIT for the 21st Century, was created by two House committees and approved. The Financial Innovation and Technology for the 21st Century Act was discussed carefully on July 27 by the US House of Representatives Agricultural Committee. The committee moved through a number […]
July 27, 2023
The central bank digital currency (CBDC) perspectives of the members of the CFA Institute, the organization that awards the Chartered Financial Analyst certificate, were investigated as part of a demand-side analysis of the financial technology. According to the study, respondents had a wide range of viewpoints that varied by area and even by age. Generally […]
July 25, 2023
According to a formal government document, President Vladimir Putin signed the measure establishing the digital ruble into law on July 24, advancing Russia’s central bank digital currency (CBDC). The digital ruble law is now officially set to go into effect on August 1, 2023, with all but one rule prepared for enforcement. However, the governor […]
July 24, 2023
According to local media sources, some counties in the American state of Arkansas are scrambling to adopt emergency legislation allowing them to regulate noise and other crypto-mining-related activities before a new state law takes effect on August 1. The new state law creates standards for miners and safeguards them from unfair regulations and fees by […]
July 21, 2023
The national cryptocurrency exchange run by the Indonesian government reportedly started operating a week ago, according to a statement from Bappebti, the agency in charge of supervising commodity futures trading in Indonesia. The platform will be the sole location in the nation where the trade of digital assets will be permitted legally. The inauguration of […]
July 20, 2023
The Capital Markets Authority (CMA), the primary financial regulator in Kuwait, released a circular on the oversight and issuance of virtual assets in the nation on July 18. The commitment to “absolute prohibition” on significant cryptocurrency use cases and operations, including payments, investments, and mining, was reaffirmed by the CMA in the circular. The Capital […]
July 17, 2023
The Financial Stability Board (FSB), an international agency that oversees the global financial system, has developed a global regulatory framework for cryptocurrency. The G20 recommendations, which are proposed to the world’s 20 top economies, are based on the idea of “same activity, same risk, and same regulation.” To minimize conflicts of interest, crypto platforms must […]
July 14, 2023
After Ripple Labs’ partial victory before the Securities and Exchange Commission (SEC) on July 13, Ripple has now overtaken Bitcoin to become the fourth-largest cryptocurrency by market valuation. Within hours following the decision, the market capitalization of XRP increased by a staggering $21.2 billion to hit a new yearly high of $46.1 billion, moving it […]
July 13, 2023
After a lengthy delay, the first Bitcoin exchange-traded fund (ETF) in Europe is scheduled to launch later this year. In July 2022, the Jacobi Asset Management Bitcoin ETF was scheduled to make its debut on the Euronext Amsterdam exchange. Jacobi Asset Management is a London-based multi-asset investing platform. In October 2021, the Guernsey financial authority […]
July 12, 2023
The Russian central bank’s (CBDC) attempt to create a digital ruble has made progress. The State Duma, the lower house of the Federal Assembly of the Russian Federation, adopted the third reading of the bill establishing the digital ruble on July 11. The plan will now be considered by the Federation Council, the assembly’s upper […]
July 11, 2023
According to a July 11 report co-authored by wealth technology company Aspen Digital and consulting firm PricewaterhouseCoopers (PwC) on the custody of digital assets. In November 2021, the digital asset market peaked at approximately $3 trillion. The custodial segment of the market, however, stayed at the lower level of $447.9 billion in 2022. Reportedly, there […]
July 7, 2023
With Coinmerce winding down operations in the Netherlands, the two parties have agreed to refer users of the global cryptocurrency exchange Binance. As Binance discontinues operations, reportedly hundreds of thousands of customers living in the Netherlands will be given the chance to transfer their assets for free to Coinmerce. In a blog post on July […]
