Tag: regulation

May 12, 2022

Michael Saylor is overjoyed with the FASB’s decision to revisit crypto accounting standards According to current FASB rules, companies must report virtual property and commodities as “intangible property” on their balance accounts. This is because cryptocurrencies no longer come within the traditional definition of “coins and coins equivalents, financial instruments, monetary property, and inventories.” Because […]

May 3, 2022

Hawaii Senate councils favor task force to govern crypto, blockchain Two councils of the Hawaii State Legislature Commerce and Consumer Protection or CPN and Ways and Means WAM unanimously authorized the launch of a specialized task force to analyze the use and legislation of the crypto ecosystem. In a letter, legislative members Donovan Dela Cruz […]

April 30, 2022

Belgian economic regulator FSMA to govern crypto exchange services Crypto service providers must attain 7 conditions that comprise being constituted in the shape of a firm with a minimum capital of approximately $52,725. A new statute assessed by Belgium’s economic regulatory agency, the Financial Services and Markets Authority, FSMA, will now employ crypto trades and […]

April 25, 2022

Kraken rewarded crypto trading license in the UAE With the recent operational license in Abu Dhabi, Kraken intends to give access to global liquidity to local investors via dirham or AED trading sets. Californian crypto exchange Kraken evolves as the 2nd virtual asset forum after Binance to obtain regulatory permission to govern in the Abu […]

April 16, 2022

Tornado Cash utilizing Chainalysis oracles to obstruct access from OFAC sanctioned addresses Recently, Tornado Cash declared that it was utilizing oracle agreements from Chainalysis to block wallet addresses ruled by the U.S. Office of Foreign Assets Control, or OFAC. The move arrives after the U.S. Department of the Treasury linked North Korean cybercriminal Lazarus Group […]

April 15, 2022

Binance CEO clarifies the things to be more excited in 2022 Zhao said that regulators want to be a part of this enterprise now, naming this as one of the most important aspects they have shifted. During Paris Blockchain Week, Changpeng Zhao who is the CEO of Binance which is the biggest consolidated digital currency […]

April 8, 2022

Treasury Secretary indicates a regulatory framework to address potential threats in digital asset markets Digital asset exchanges and other digital native mediators, should be accountable for reasonable aspects of supervision, said Janet Yellen. U.S Treasury Secretary Janet Yellen recorded stablecoins as one of the important policy problems in the digital asset space for controllers, nowadays […]

April 7, 2022

ProShares signs with Securities and Exchange Commission for Short Bitcoin Strategy ETF The exchange-traded account will be based on everyday investment outcomes conforming to the inverse of the retrieval of the CME Bitcoin Futures Contracts Index for a day. Exchange-traded funds or EFTs issuer ProShares has documented an enrollment statement with the U.S Securities and […]

Commonwealth Bank plans to broaden crypto services to 6.5M postponed by red tape One of Australia’s hugest banks is however gliding through a sea of red tape swirled by local economic regulators before inaugurating its crypto commodities to all of its retail users. Economic regulators are strutting in the way of broadened crypto assistance on […]

April 6, 2022

Skybridge Capital manages the $7 billion Skybridge Bitcoin Fund. The founder of Skybridge Capital, Anthony Scaramucci thinks the blockchain business has a sharp future, but he is worried about the vulnerable administration in American politics. He spoke at the Australian Financial Review Crypto Summit which was held in Australia about the recent and coming states […]