Thursday, May 19, 2022

crypto news

Binance announces its entry into the Association of Banks of Russia.

Amid Binance halting its services in countries like Israel over licensing matters, the world's largest cryptocurrency exchange by trading volume continues strengthening relations with...

US DoJ appoints Eun Young Choi to lead the National Cryptocurrency Enforcement Team.

The US Department of Justice (DOJ) has announced the appointment of Eun Young Choi, a veteran cybersecurity prosecutor, to lead the National Cryptocurrency Enforcement...

The UAE is reportedly planning to issue a federal crypto license for virtual asset service providers.

The Securities and Commodities Authority (SCA) in UAE is reportedly in the final stages of finalizing the legislation that would allow virtual asset service...

FBI’s Cyber Division blamed crypto payments for the rise in ransomware attacks.

During a virtual panel with Bloomberg on Tuesday, the assistant director of the FBI's Cyber Division, Bryan Vorndran, said that "crypto is the primary currency, the...

G20 Financial Stability Board says regulators need to prepare a global response to crypto risks.

According to the Reuters report, risks from the $2.6 trillion crypto market could grow quickly, and regulators need pre-prepared measures to bring the sector...

PayPal revises its seller protection program to exclude NFT transactions over $10,000.

Payments platform PayPal has revised its policies, affecting NFT transactions. Under the new rules for the seller protection program, NFT transactions over $10,000 will be...

U.S. Treasury exempts cryptocurrency miners from IRS reporting rules.

The U.S crypto industry is about to score a major legal win as the United States Treasury Department plans to spare crypto miners and...

Hungarian central bank’s governor calls for a complete ban on crypto.

Hungarian National Bank Governor György Matolcsy said, "I perfectly agree with the proposal," in response to Russia's central bank initially proposing a ban on...

Valliance Bank taps Bakkt Holdings to offer retail crypto services.

Valliance Bank has selected Intercontinental Exchange's subsidiary Bakkt Holdings, Inc, a digital assets company, as it looks to offer its retail customers access to...

UAE-based crypto payment firm Pyypl raises $11 million in Series A funding.

Pyypl (pronounced people), a blockchain technology-based provider of digital payments and financial services, recently announced that it had raised $11 million in the Series...

U.S. Treasury’s latest report says NFTs can be linked to money laundering.

A new report by the United States Department of the Treasury has revealed that the burgeoning non-fungible tokens (NFTs) space could be a conduit for...

American credit rating agency Fitch Ratings downgrades El Salvador over bitcoin adoption.

American credit rating agency Fitch Ratings lowered El Salvador's long-term Issuer Default Rating (IDR) from B- to CCC, citing "policy unpredictability" and the "adoption of Bitcoin...

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