Category Archives: Cryptocurrency News

Brazilian Senate Committee approved the bill on the regulation of cryptocurrencies

The Brazilian Senate Committee on Economic Affairs approved a bill defining the supervisory authorities that will be responsible for regulating the cryptocurrency industry in the country. The bill, introduced by Senator Flávio Arns, was approved by the Brazilian Senate Committee on Economic Affairs on February 22. Now the bill must pass a vote in the plenary session of the Senate, and if approved by the Brazilian Chamber of Deputies, sent for approval to the country’s…

Indian Regulator published recommendations on advertising cryptocurrencies in the country

The Advertising Standards Board of India has published guidelines for advertising digital assets in the country after consulting with the government and stakeholders. According to the Advertising Standards Council of India (ASCI) document, print advertisements for cryptoassets must contain a disclaimer. This disclaimer must occupy at least 1/5 of the size of the advertisement, and must be printed in an easily readable font on a plain background. In audio advertisements for cryptoassets, the disclaimer must…

Italy will oblige foreign cryptocurrency companies to create a branch or “daughter” to provide services in the country

The Italian Ministry of Economy and Finance has introduced new rules for cryptocurrency companies in the country aimed at combating money laundering (AML). According to the local official Gazzetta Ufficiale, the regulation lists all registration and reporting requirements for Virtual Asset Service Providers (VASPs). According to the document, if a company offers services related to cryptocurrencies in the country, it must register in a special register of VASPs approved in Italy. The new rules were…

Manchester City FC will build a home stadium for the Etihad in the metaverse

Manchester City Football Club has partnered with tech giant Sony to create a digital map of the Etihad’s home stadium and build a virtual replica of it in the metaverse. The reigning English Premier League winner has announced that he has signed a three-year deal with Sony Hawk-Eye to build the world’s first football stadium in the metaverse. With the help of virtual reality experts from Sony, Manchester City FC will create a digital map…

Over 30 OpenSea users lost ETH and NFT due to phishing attack

NFT trading platform OpenSea reported that amid the migration of NFTs to a new smart contract, a hacker allegedly stole $1.7 million worth of Ethereum and NFTs. The OpenSea marketplace said on Feb. 19 that it was investigating a series of Twitter messages posted by concerned platform users about an exploit on smart contracts on the OpenSea platform. “We are actively investigating rumors of an exploit related to OpenSea smart contracts. This appears to be…

Wyoming State Parliament will consider issuing government stablecoins

A bill has been submitted to the Wyoming State Legislature that would allow the state treasury to issue stablecoins pegged to the US dollar. Last week, an initiative group of deputies introduced the Wyoming Stable Tokens (SF0106) bill to the Wyoming Legislature for consideration. If passed, the bill would allow the state treasury to issue dollar-pegged stablecoins. Caitlin Long, CEO of Wyoming-listed Avanti Bank&Trust, believes the state’s stablecoins can legally act as “municipal bonds that…

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…

Hong Kong will become a testing ground for international testing of the digital yuan

Analysts at the British Independent Strategy believe that the situation in Hong Kong allows China to test the state cryptocurrency without attracting the attention of outside observers. Independent Strategy expert David Roche said the island would serve as a suitable testing ground for international payments using the digital yuan: “Hong Kong provides China with an ideal experimental intermediate option before integrating e-CNY into a globalized world with internationalization – while maintaining political control.” Roche explained…

Central Bank of the Philippines does not plan to launch a state cryptocurrency

Governor of the Central Bank of the Philippines Benjamin Diokno said that the bank will not launch its own digital currency, as most citizens of the state prefer to use cash. In September, the Central Bank of the Philippines Bangko Sentral ng Pilipinas (BSP) began exploring the possibility of launching a digital Philippine peso to improve the quality of financial services. However, in a recent speech, BSP Governor Benjamin Diokno said that the central bank…

Hong Kong Regulator called NFT and the metaverse the main threats of 2022

The Hong Kong State Computer Incident Response Service has announced to citizens that the NFT space and the metaverse are fertile ground for fraud. The Service Clearinghouse (HKCERT) has issued a warning that as interest in digital assets grows and the industry develops, attackers are increasingly willing to use them to steal sensitive information. However, affected users have no legal remedies. HKCERT plans to pay more attention this year to security issues related to the…