Mastercard will become a partner of the cryptocurrency retailer Mercado Libre

Cryptocurrency News

The international payment system Mastercard has signed an agreement with the Brazilian company Mercado Libre on a commitment to increase the security and transparency of the crypto ecosystem of this online store. As follows from the joint statement of the parties, Mercado Libre will introduce Mastercard CipherTrace technology, which will automatically monitor compliance with the requirements of AML procedures (anti-money laundering) when calculating crypto assets. Thus, Mercado Libre will be able to minimize financial risks,…

Circle decided to buy crypto-currency startup Cybavo

Cryptocurrency News

Circle, the issuer of the USDC stablecoin, has signed an agreement to acquire Cybavo, a cryptocurrency startup that serves institutional clients in Singapore. Circle co-founder and CEO Jeremy Allaire said the acquisition of Cybavo will help the company improve its customer service technology capabilities, “helping spread USDC.” The terms of the deal were not disclosed and it is expected to close soon. Crypto startup Cybavo was founded in Singapore in 2018 and is backed by…

Lithuanian authorities voted to tighten regulation of cryptocurrencies

Cryptocurrency News

The Ministry of Finance of Lithuania announced that amid growing international tensions and the growth of the crypto industry in the country, there will be new rules for holders of digital assets. The Ministry of Finance specified that amendments to the legislation will be adopted to combat money laundering and combating the financing of terrorism (AML). After these amendments are approved by the Seimas, the rules prohibiting anonymous transactions in cryptocurrency will come into effect.…

Albanian deputies demanded from the regulator to strengthen control over the crypto industry

Cryptocurrency News

The Albanian Parliamentary Assembly called on the Financial Supervisory Authority (AFSA) to approve the missing cryptocurrency regulations by the end of the year, after discussing the issue with international regulators. Until the end of the year, AFSA should supplement and improve the legislation on crypto assets, as the country is ready to take advantage of the latest technologies, deputies say. On September 1, 2020, Albania adopted a law on financial markets based on distributed ledger…

Japanese Cryptocurrency Exchanges May Abolish Crypto Asset Verification Rule Before Listing

Cryptocurrency News

The Japan Association of Cryptocurrency Exchanges plans to allow the listing of cryptocurrency assets without going through a preliminary verification procedure. A Japanese government commission led by Prime Minister Fumio Kishida has criticized the current system for listing digital assets on the country’s crypto exchanges, stating that “the Cryptocurrency Exchange Association (JVCEA) is conducting an unacceptably long review.” The basis for the government investigation into the activities of the JVCEA was the complaints of cryptocurrency…

Bundesliga star Kevin-Prince Boateng plans to get married in the multiverse

Cryptocurrency News

On Saturday, June 11, the marriage of a football player who played in the German clubs Borussia and Schalke 04, the Italian Milan and the Spanish Barcelona is to take place in the OVER metaverse. Kevin-Prince Boateng announced his upcoming wedding on Twitter. The ceremony was organized by the Italian wedding impresario Enzo Miccio. The festive event must take place in a location specially designed for this event in OVER. According to the organizers of…

US Senate Considers New Bill to Regulate Digital Assets

Cryptocurrency News

The new American cryptocurrency bill proposes to equate platforms that trade at least one digital asset with cryptocurrency exchanges. A copy of the U.S. Cryptocurrency Bill has begun circulating on Twitter. The document, according to the screenshots, is currently under consideration in the Senate and consists of six hundred pages. The draft contains a description of the areas of the crypto industry that are of the greatest concern to regulators. Regulators cite decentralized finance (DeFi),…

BIS: Cryptocurrencies, by virtue of nature, will not be able to replace traditional money

Cryptocurrency News

The Bank for International Settlements (BIS) believes that the limit on the number of transactions in the blockchain will prevent cryptocurrencies from gaining an attractiveness similar to that of fiat money. BIS posted a report in which the bank’s experts argue that cryptocurrencies, due to the “fragmentation effect”, cannot fulfill the social role of money in the global financial system and become an effective means of payment. The authors of the report explain that as…

Miners get ready: state of emergency declared in the USA due to lack of electricity

Cryptocurrency News

American President Joe Biden has declared a state of emergency in the country due to a lack of power generating capacity, which could negatively affect the activities of local miners. According to the president’s statement posted on the White House website, power is critical, and even isolated power outages “could be catastrophic to the economy and national security.” The problems are caused by extreme weather events, which are increasingly due to climate change. For example,…

Japan will bring cryptocurrencies into the asset forfeiture law

Cryptocurrency News

Japan’s Ministry of Justice intends to amend its asset forfeiture law to allow law enforcement to seize cryptocurrencies associated with criminal activity. According to local media, the Japanese authorities are about to revise the Organized Crime and Proceeds of Crime Control Act of 1999. A provision will be added to it explaining in which cases crypto assets can be confiscated. This will allow law enforcement agencies and courts to take control of digital assets stolen…