2022-11-17 14:49 |
VASPs have been ramping up efforts to comply with regulators in the wake of controversies like the FTX collapse. origin »
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Nigeria, Africa’s most populous nation, is paying vast attention to its rapidly developing cryptocurrency industry marked by a string of new regulations. In the latest development, the Nigerian Securities and Exchange Commission (SEC) has shared a revised minimum capital for all regulated market entities, including operators in the digital asset market. Related Reading: Senators Signal […]
A recent report reveals that the majority of jurisdictions worldwide have only partially complied with the FATF recommendations for regulating virtual assets and virtual asset service providers to combat money laundering and terrorist financing.
The Nigerian Securities and Exchange Commission (SEC) has disclosed plans to introduce new regulations for crypto operators following recent challenges with Binance. New regulations The planned regulation would include licensing, registration, and screening guidelines for digital and virtual asset services providers (VASPs).
Quick Take Comparing the performance of the ‘Magnificent 7’ tech stocks—Nvidia, Meta, Microsoft, Amazon, Google, Tesla, and Apple—to Bitcoin shows that the coveted group of assets is seeing significant competition from Bitcoin.
Also: Hong Kong will unveil its new crypto licensing framework for Virtual Asset Service Providers in June, but the regulation will not allow retail investors to trade digital, contrary to what a recent tweet suggests.
TRM labs has announced the launch of Beacon Network to aid the recovery of stolen digital assets before malicious hackers cash out.