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HSBC, Wells Fargo Announce Plan to Leverage Blockchain to Settle Interbank Foreign Exchange Transactions

Wells Fargo and HSBC Bank today announced that they’re planning to settle foreign exchange (forex) transactions on the blockchain, a report by Ledger Insights confirms. Settling Forex Transactions on Blockchain According to a report published today, major global bank HSBC and US-based multi-national financial firm Wells Fargo announced they would soon be settling forex transactionsRead More дальше »

2021-12-14 02:00


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IMF Continues Its Cry Against Cryptocurrencies, Warning That It Could Cause Global Financial Instability

The International Monetary Fund has continued its crusade against cryptocurrencies. The Fund’s latest report has warned of the increasing dangers associated with cryptocurrencies. The solution according to the Fund is a global cryptocurrency regulation that is consistent across jurisdictions. дальше »

2021-12-13 21:30


Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies

After the US, Japan is focusing on stablecoins and is acting to limit the number of companies that can issue these assets backed by fiat currency, according to a Nikkei report. The country’s top banking regulator, Financial Services Agency (FSA), is reportedly planning to propose legislation next year to restrict the issuance of stablecoins to […] The post Japan’s Top Financial Regulator Planning to Limit Stablecoin Issuance to Banks & Wire Transfer Companies first appeared on BitcoinExchangeGuide. дальше »

2021-12-7 18:56


UK’s HMRC says Cryptocurrencies Not Exempt from Digital Services Tax

HM Revenue and Customs (HMRC) says cryptocurrencies do not qualify as money or commodities and are not exempt from the digital services tax. The tax office has also informed online crypto exchanges that they are subject to the tax, according to a report from The Telegraph, which says it is designed to ensure tech firms […] The post UK’s HMRC says Cryptocurrencies Not Exempt from Digital Services Tax first appeared on BitcoinExchangeGuide. дальше »

2021-11-30 23:57


Nigeria’s eNaira stablecoin becomes focus of new IMF report

Nigeria’s central bank digital currency project, eNaira, is drawing attention and interest of leading financial institutions and it also gaining traction amongst other country’s central banks looking to initiate a similar project according to a report released by the International Monetary Fund (IMF) eNaira to boost remittance The report, authored by economist Jack Ree, explained […] The post Nigeria’s eNaira stablecoin becomes focus of new IMF report appeared first on CryptoSlate. дальше »

2021-11-22 11:00


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El Salvador to Issue $1 Billion Bitcoin (BTC) Bonds to Develop the First ‘Bitcoin City’

The government of El Salvador has partnered with iFinex and Blockstream in an attempt to further its bitcoin (BTC) ambitions. El Salvador to Issue $1 Billion Bitcoin Bond According to a report by Reuters, in a bid to develop the world’s first “Bitcoin City”, the government of El Salvador is set to issue the world’sRead More дальше »

2021-11-22 15:00


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The IRS Is Looking To Seize Billions Of Dollars Worth Of Cryptocurrency In 2022

Cryptocurrencies were this year a major method of avoiding taxation in the United States according to an annual report published by the Internal Revenue Service. The IRS said it has confiscated $3.5 billion worth of cryptocurrencies linked to tax fraud, and the amount makes up 93% of all assets confiscated this year so far. “I […] дальше »

2021-11-21 19:43


Gemini Exchange Planning To Raise $400 Million In New Funding Round, Valuation At $7 Billion

Cryptocurrency exchange Gemini plans to raise $400 million in a funding round that will see its valuation to about $7 billion. Gemini Joins League Of Crypto Firm Who Have Raised Their Valuation According to a report by Bloomberg, Gemini, co-owned by the Winklevoss twins (Cameron and Tyler), plans to take advantage of the current surge […] The post Gemini Exchange Planning To Raise 0 Million In New Funding Round, Valuation At Billion first appeared on BitcoinExchangeGuide. дальше »

2021-11-18 17:21


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Indonesia’s Islam Council Bans Muslims From Trading Bitcoin, Deems Crypto As “Haram”

Indonesia’s council of Islam religious leaders has called on Muslims in the country to desist from engaging in crypto-related transactions, terming it as “haram”. According to a Thursday report by Bloomberg, Asronun Niam Sholeh, chair of religious decrees at the National Ulema Council (MUI) decried cryptocurrencies, terming them as “uncertain, wagering and harmful” pitting them against […] дальше »

2021-11-11 16:54


Why Hong Kong Could Allow Retail To Dabble Into Crypto ETFs

The local securities regulator in Hong Kong will review the rules for people to be able to trade crypto-linked Exchange Traded Funds (ETFs). According to a report by the South China Morning Post, Hong Kong’s Securities and Futures Commission (SFC) will take another look into its digital asset transaction regulation. Related Reading | Bye-Bye China […] дальше »

2021-11-3 21:00


Decentralized Prediction Market Polymarket is Under CFTC Investigation: Report

New York-based decentralized prediction market Polymarket is under the scrutiny of a top Wall Street regulator. The Commodity Futures Trading Commission (CFTC) is investigating whether Polymarket is letting customers improperly trade binary options or trade swaps and if it should be registered with the agency, according to a Bloomberg report citing people familiar with the […] The post Decentralized Prediction Market Polymarket is Under CFTC Investigation: Report first appeared on BitcoinExchangeGuide. дальше »

2021-10-26 20:05