The Federal Deposit Insurance Corporation (FDIC) advises the general public to note that deposit insurance does not include non-bank businesses and products other than deposits, such as stocks and cryptocurrencies. The Federal Deposit Insurance Corp (FDIC), an independent agency in the United States that insures deposits and helps protect clients if a certain bank fails, … Read more
The Law Commission of England and Wales is recommending a series of legal changes to give users of cryptocurrencies and digital assets more recognition and legal safeguards. At the British government’s request, the institution is evaluating the law already in place regarding digital assets in an effort to keep up with the field’s expanding usage … Read more
Andorra, a tiny European nation between France and Spain, is a glimmer of progress. The General Council of Andorra, the nation’s government, recently gave the Digital Assets Act, a legal framework for virtual currencies and blockchain technology, its blessing. There are two sections to the act. The first is developing “programmable digital sovereign money,” or … Read more
The SEC seeks to regulate the industry by categorizing cryptocurrencies as securities, per Sen Tom Emmer. Senator Tom Emmer claims that the U.S. Securities and Exchange Commission (SEC) is still actively pursuing cryptocurrency and has gone beyond its authority. Tom Emmer, a Republican senator, has questioned the public’s confidence in the American financial system. The … Read more
Cynthia Lummis, a senator, stated that senators unfamiliar with cryptocurrency would require some time to understand and process the suggestions. According to the two senators, the key crypto legislation spearheaded by Republican Cynthia Lummis and Democrat Kirsten Gillibrand of the United States Senate will most likely be postponed until the next year. During their appearance … Read more
According to reports, JVCEA, a self-regulating entity, has been issued strong warnings to get its act together as the Japanese Financial Services Agency pushes for the group to accelerate the deployment of its AML regulations. Local government officials and business professionals claim that Japan’s self-regulation “experiment” for the cryptocurrency sector is not succeeding as anticipated. … Read more
Skybridge says that withdrawals from one of its crypto-exposed funds will be stopped. Skybridge joins other companies that have frozen the funds of crypto investors. However, Skybridge’s CEO, Anthony Scaramucci, says the freeze is only temporary, and there is no danger of the company going out of business. Skybridge Capital has stopped people from taking … Read more
Many markets and nations are slowly embracing the prospects of cryptocurrencies and blockchain. Unfortunately, it appears that the recent crypto winter slowed down the advancement of these technologies. However, there is still a chance that things will get better after the storm. Thankfully, there are several signs that the cryptocurrency market is still alive. Numerous … Read more
The Dutch Central Bank has fined cryptocurrency exchange Binance $3,3 million for operating without authorization. The central bank published a statement stating that the exchange had violated its laws by offering cryptocurrency services in the Netherlands without registering with the bank, which is illegal. A similar kind of warning was also issued against Binance, labeling its products … Read more
The senators did their research and found that miners make much more coal and release “substantial amounts of carbon.” Some places, like New York, want to stop proof-of-work crypto mining for two years, and others are thinking about doing the same. Democrats in Congress have asked two government agencies to do something about Bitcoin mining … Read more