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Regulation

CFTC Chairman Confirms Bitcoin, Ether Are Commodities

The chairman of the U.S. Commodity Futures Trading Commission (CFTC) says he is certain bitcoin and ether are commodities. He outlined how his agency is working with the U.S. Securities and Exchange Commission (SEC) to regulate the crypto sector, noting that “there are no customer protections right now in the crypto market.”

YESTERDAY

News

Commonwealth Bank puts crypto trading trial on ice as regulators dither

Commonwealth Bank of Australia CEO Matt Comyn insists his bank will move forward with the second pilot of crypto services on its app once regulatory uncertainty is cleared up.

20 MAY 2022

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French central banker says the G7 plans to discuss crypto regulations

Francois Villeroy de Galhau, the Head of the French Central Bank, claims the upcoming G7 meeting in Germany will see member states discuss crypto regulation, among other issues.

18 MAY 2022

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South Korea Plans Crypto Legislation By 2024, Leaked Report

In a move that will see South Korea become even more crypto-friendly, President Yoon has announced his intention to establish a new regulatory framework for the crypto industry by 2024. With this new legislation in place and increasing demand for cryptocurrency services across all areas of commerce, it seems likely they can pull off another major victory.

14 MAY 2022

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Will Terra LUNA Go Extinct After Being Delisted By Binance, Bybit And eToro?

Some projects have been more severely impacted by the bear market than others. However, no coin has endured greater hardship than LUNA, the governance token underlying the Terra ecosystem.

13 MAY 2022

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Cryptocurrencies Won’t Save Russia From Dodging Sanctions, Moody’s Says

It has been argued that Russia may avoid Western sanctions for invading Ukraine by using cryptocurrencies. However, is it viable?

8 MAY 2022

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Alipay Provides Digital Yuan Boost as COVID-19 Deals PBoC Blow

The e-payments giant Alipay, part of the Alibaba business empire, has added an advanced search function for users wishing to use its platform to make payments using the digital yuan within the fast-expanding pilot zone.

7 MAY 2022

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South Korea Prepares To Overturn ICO Ban

Newly elected South Korean President Yoon Suk-yeol has announced the initial approval of ICO’s as part of the new government’s aim to bring cryptocurrency out of the dark.

7 MAY 2022

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Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider

Cryptocurrency exchange Binance has received regulatory approval from the French financial regulator to operate as a registered digital asset service provider. “Binance will significantly scale our operations in France to make crypto and our services more accessible to all,” the exchange said.

6 MAY 2022

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Shanghai Nexo Shanghai Residents Turn To NFT To Document ‘Unerasable’ COVID Memorabilia

Shanghai is the largest and most populated city in China (with over 25 million residents) that has now tapped the power of blockchain technology to preserve and safeguard the events of the COVID-19 lockdown in the city.

5 MAY 2022

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South Korea's new president delays crypto taxes in favor of consumer protections

The country’s president elect is proving his crypto savvy by declaring there will be no tax on crypto investment gains until legislation can ensure consumer protections.

4 MAY 2022

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Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers

Authorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their respective activities.

3 MAY 2022

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Crypto Weekly Roundup: BTC Adopting Sustainability, DeFi Mortgage In Austin, USN Live On NEAR, Musk Acquires Twitter, LatAm Regulations, And More

Despite the turbulence affecting the rally of BTC, ETH, and other prominent cryptos, the changing landscape of regulations in Latin America has set the ball rolling. Additionally, this week also marks the landmark acquisition of Twitter by Elon Musk. Let’s dig in deeper.

2 MAY 2022

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232 Wikipedia Users Force the Online Encyclopedia to Ditch Bitcoin, Ethereum, and BCH Donation Options

The Wikimedia Foundation, the body that operates the user-created web-based encyclopedia Wikipedia, has announced that it will no longer accept crypto donations.

2 MAY 2022

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Central Bank of Cuba Introduces Specific Virtual Asset Service Providers Regulation

The Cuban government has issued new regulations concerning the operation of virtual asset service providers (VASPs) in the country. In an official resolution, the Bank of Cuba establishes specific procedures that these individuals or companies must follow to operate legally in the country, after establishing a general framework in August.

29 APRIL 2022

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Panama says yes to Bitcoin and cryptocurrency as Congressional bill passes

Members of Panama's Congress voted in favor of the "Crypto Law" that will give Bitcoin and cryptocurrencies legal status.

29 APRIL 2022

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CZ Praises Gulf Countries for ‘Great’ Regulations, Binance Makes ‘Very Good Progress’ with Regulators Elsewhere

The CEO of the major crypto exchange Binance, Changpeng Zhao (CZ), has said the Gulf countries, including the United Arab Emirates’ financial hub Dubai, have a “great regulatory climate” for crypto, and governments in the region understand that crypto is the future of fintech.

26 APRIL 2022

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Buenos Aires Confirms It Plans to Allow Citizens to Pay Taxes With Cryptocurrency

Horacio Larreta, the head of the government of Buenos Aires, the capital of Argentina, confirmed that the city will allow its citizens to pay some taxes with cryptocurrencies. This is part of a digitization plan that the city has named “Buenos Aires+” that seeks to simplify the relationship the city has with citizens.

26 APRIL 2022

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Is Singapore Becoming Less Favourable As A Crypto Haven?

With Singapore recently passing a bill to require crypto companies based in the country to obtain a special licence in order to service overseas clients, other jurisdictions such as Dubai have suddenly become more attractive.

21 APRIL 2022

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IMF Watchful As Crypto Mining Could Help Russia Evade Sanctions

The International Monetary Fund (IMF) remains wary of a possible scenario where countries like Russia and Iran may use crypto mining to avoid sanctions. In the global financial stability report by IMF, the monetary institution expressed concerns regarding the risks the digital currency poses to the global financial market.

21 APRIL 2022

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