Brazilian regulator approved the launch of the first Bitcoin ETF in Latin America

Cryptocurrency NewsBy 22/03/2021

The Brazilian Securities and Exchange Commission (CVM) has approved the launch of the first Bitcoin exchange traded fund (ETF) in Latin America. The fund, called QBTC11, will be launched by QR Capital. The value of ETF units (shares) is calculated based on a basket of specific assets, following their market value. In the case of Bitcoin ETFs, the exchange-traded fund is tied to that cryptocurrency. Bitcoin ETFs are traded on traditional exchanges, allowing institutional investors…

BIS: “compatible government cryptocurrencies will improve the efficiency of international payments”

Cryptocurrency NewsBy 22/03/2021

According to researchers at the Bank for International Settlements (BIS), compatible government cryptocurrencies will open up opportunities for countries to improve the system of cross-border payments. In a research note, BIS researchers Raphael Auer, Philipp Haene and Henry Holden presented potential cross-border payment mechanisms for several central bank digital currencies. The researchers say that the greatest efficiency will only be achieved if countries work together to remove banking barriers to a new, compatible form of…

Mining Industry Development Committee established in Pakistan

Cryptocurrency NewsBy 19/03/2021

Mining Industry Development Committee established in Pakistan In the Pakistani province of Khyber Pakhtunkhwa, a federal advisory committee, the KP Crypto Advisory Committee, has been formed to regulate the cryptocurrency mining and cryptoasset industry. Ziaulla Bangash, Khyber Pakhtunkhwa Minister’s Advisor for Information Technology, tweeted that the committee had already held its first meeting on March 17. According to the direction of Minister Mahmood Khan, the provincial administration is taking serious steps to develop cryptocurrencies and…

The Central Bank of Ireland will oblige cryptocurrency firms to verify the identity of customers

Cryptocurrency NewsBy 19/03/2021

The central bank of Ireland has extended the anti-money laundering laws to cryptocurrency firms – starting from April, companies will have to conduct special customer checks. In addition to implementing anti-money laundering procedures, Irish cryptocurrency firms will have to comply with other basic requirements of local regulators. Such procedures should be implemented by both cryptocurrency exchanges and digital asset companies and financial service providers for these firms. According to the Fifth Anti-Money Laundering Directive (AMLD5)…

Coinbase exchange valued at $ 943 million in preparation for direct listing on Nasdaq 03/17/2021

Cryptocurrency NewsBy 18/03/2021

Cryptocurrency exchange Coinbase has updated the data specified in Form S-1 for filing with the SEC. The exchange announced the registration of approximately 115 million shares for direct listing on the Nasdaq Stock Exchange. According to an updated filing filed by Coinbase with the US Securities and Exchange Commission (SEC), the exchange intends to list 114,850,769 Class A common shares on the stock market. Their maximum value is estimated at approximately $ 943,218,155. However, the…

Hawaiian Democrats Call on Regulator to Ease Requirements for Cryptocurrency Firms

Cryptocurrency NewsBy 18/03/2021

Hawaiian Democrats have called on the Department of Commerce and Consumer Protection to lift restrictions imposed on cryptocurrency firms several years ago. Legislators have asked the regulator to review the requirements for virtual asset service providers (VASP). According to current regulations, companies that trade digital assets, as well as transfer or store them, are required to have a reserve stock of fiat money. Their number should be equivalent to the value of the digital assets…

Texas Regulator Bans Delta Crypt Limited Posing As Binance

Cryptocurrency NewsBy 17/03/2021

The Texas Securities Board (TSSB) has banned the fraudulent firm Delta Crypt Limited. The organizer of the scheme opened several services, masquerading as the Binance cryptocurrency exchange. Securities Commissioner Travis J. Iles said UK-based Delta Crypt Limited offered cryptocurrency investors get-rich-quick schemes, promising significant returns with minimal risk. Earlier, the Securities and Exchange Commission of the Philippines (SEC) also issued a restraining order on the activities of Delta Crypt Limited, urging the public not to…

SushiSwap Exchange Launches Smart Contracts on Avalanche Blockchain

Cryptocurrency NewsBy 17/03/2021

The SushiSwap decentralized exchange will deploy its smart contracts on the Avalanche blockchain to expand the Decentralized Finance (DeFi) ecosystem. Given the high demand for decentralized finance (DeFi) products, the Ethereum network is struggling to keep up with the workload. This led to an increase in transaction fees. Nevertheless, Ethereum provides a powerful foundation for the development of DeFi. Therefore, the developers of Ava Labs believe that integration with one of the largest decentralized exchanges…

Central Bank of Jamaica will launch its own digital currency in 2022

Cryptocurrency NewsBy 16/03/2021

The central bank of Jamaica plans to begin testing the state digital currency in December, with a launch scheduled for next year. This was announced by the Minister of Finance of Jamaica Nigel Clarke (Nigel Clarke) during a speech at the annual meeting of parliament, which discussed issues related to the state budget. The Jamaican government believes it is necessary to accelerate the transition to digital currency for a more effective economic recovery after…

DC Comics May Enter Collectible Token Market

Cryptocurrency NewsBy 16/03/2021

DC Comics May Enter Collectible Token Market DC Comics, one of the largest and most popular comic publishers, may launch its own collection token (NFT) lines based on popular comics. The letter from DC Comics’ Legal Department emphasizes that the publisher’s employees and contractors must respect the copyright of DC Universe characters when issuing NFT tokens. “DC is exploring the possibility of entering the collectible token market for the release of digital works with NFT…

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