Category Archives: Cryptocurrency News

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

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

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

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

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

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

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

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…

US regulator: Gemini bitcoin futures bid is misleading

The U.S. Commodity Futures Trading Commission (CFTC) filed a complaint against Gemini Trust Company in the District Court for the Southern District of New York. The regulator alleges that from around July to December 2017, the company misled the regulator in an attempt to gain approval for its bitcoin futures product. The Gemini product was launched in late 2017 with Cboe Global Markets. The specifics of the product was that the bitcoin contract had to…

Bermuda plans to tighten regulation of cryptocurrencies

The Minister of Economy and Labor of Bermuda promised that in connection with the collapse of Terra, new rules for regulating digital assets will be quickly developed. Jason Hayward, in an interview, expressed the opinion that the fall of the cryptocurrency market is not an unfavorable event. It can help islands become a magnet for investors in digital assets: “We are aware of the recent drop in crypto prices and remain confident that this does…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…