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“#Amazon and Google face UK investigation over fake reviews” A UK regulator is probing whether Amazon and Google are doing enough to crack down on fake reviews — and said it will take the tech giants to court if it finds they’ve been violating consumer protection laws. The Competition and Markets Authority said Friday it…
“# Tanzania central bank may rescind crypto ban after presidential endorsement ” The Bank of Tanzania is reportedly working to overturn its ban on crypto amid favorable cryptocurrency comments made by the country’s president. According to Reuters, Tanzania’s central bank has begun working on directives from the country’s federal government that could see a reversal…
“# Palestine monetary authority mulls digital currency as ‘political signal‘ ” Palestinian Monetary Authority (PMA) Governor Feras Milhem has revealed that the proto-central bank — which does not issue a domestic currency and operates under highly restrictive political and economic conditions — is exploring the idea of issuing a Palestinian digital currency. Raja Khalidi, director…
“# Binance served warning by Japan’s FSA for operating without authorization ” Crypto trading platform Binance may once again be heading for a standoff with financial regulators in Japan. On Friday, the Financial Services Agency (FSA) issued a warning to Binance, accusing the company of offering crypto exchange services in the country without registration. The agency…
“# Shanghai Man: China retains mining control? Alipay’s ancient NFTs and Amber’s big raise ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. So low you’ve got to reach up to…
“# London Stock Exchange-listed firm inks FCA’s approval for crypto services ” Mode Global Holdings, a London Stock Exchange-listed fintech group, has secured major regulatory approvals for cryptocurrency and fintech operations in the United Kingdom. The company announced Thursday that Mode has secured its Electronic Money Institution license and AMLD5 registration from the U.K. Financial…
“# Asset manager QR launches Bitcoin ETF on Brazilian stock exchange ” The Brazil Stock Exchange, or B3, has launched trading of another Bitcoin (BTC) exchange-traded fund, marking the growing acceptance of the crypto industry in the country. Brazilian asset manager QR Asset Management started trading its Bitcoin ETF with the ticker QBTC11 on the…
“# Trust is key to mainstream adoption for stablecoins, says Paxos CEO ” Paxos CEO Charles Cascarilla believes that stablecoins need solid regulation to go beyond being just a tool for crypto enthusiasts and achieving mainstream adoption. Speaking to Bloomberg, Cascarilla explained that stablecoins would be unable to build trust without regulation, which is critical…
“# Bipartisan bill to study blockchain and crypto passes US House of Representatives ” A bipartisan bill that requires the study of blockchain technology and digital tokens passed the House of Representatives on June 22. The “Consumer Safety Technology Act” is centered on consumer protection and includes digital token and blockchain research. The bill passed…
“# Tributes and conspiracy theories swirl in wake of John McAfee’s death ” The reported suicide of notorious tax fugitive, Bitcoin proponent, and antivirus software pioneer, John McAfee, has prompted an outpouring of tributes and conspiracy theories today. After years of evading U.S. taxes and authorities, a Spanish court had ordered McAfee’s extradition just hours…