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“# Crypto’s dark underbelly exposed in ransomware attack, U.S. senator says ” United States lawmakers have deliberated on the prospect of banning cryptocurrencies as a solution to the ransomware attacks that befell U.S. institutions in the past month, and opinions appear to be mixed. The largest fuel pipeline in America was brought to a halt…
“# South Korea moves to ban cross trading for crypto exchanges ” South Korea’s Financial Services Commission has moved to ban cross trading on crypto exchanges in the country. The move is part of a raft of amendments to the country’s Act on the Reporting and Use of Certain Financial Transaction Information. Cross trading, an…
“# A new decade rising: 2021 has brought crypto to unparalleled heights ” Challenges stimulate progress. Technology, pretty much like life itself, cannot be static. Only dynamics stimulate positive changes. Amid the collapse of the cryptocurrency market in mid-May, many retail and institutional investors began to lose faith in the bright future of cryptocurrencies in…
“# US Congressman expresses importance of crypto wallet privacy ” At the bustling Bitcoin 2021 conference in Miami, Congressman Warren Davidson, alongside United States Senator Cynthia Lummis, sat down to field interview questions. The interview took a turn toward privacy, with Davidson responding with comments on crypto wallets. “At the end of the year, if…
“# Death knell for Chinese crypto miners? Rigs on the move after gov’t crackdown ” When it comes to China, few things are crystal clear, and the nation’s recent crackdown on crypto mining is no exception. The State Council’s Financial Stability and Development Committee reported on May 21 that it is curtailing Bitcoin (BTC) mining…
“# CEOs of top Russian banks Sberbank and VTB blast Bitcoin ” Sberbank and VTB, the two biggest banks in Russia, are not willing to move into the cryptocurrency market in the near future as their CEOs believe that crypto is either too risky or fake money. Sberbank CEO Herman Gref said that cryptocurrencies like…
“# South Korean regulators parley with 20 crypto exchanges ” Small and medium-sized exchanges in South Korea had a chance to express some of their grievances with the government during a recent meeting with financial regulators. According to a report by South Korean news outlet D.Street, the Financial Services Commission (FSC) convened a closed-door meeting…
“#Europe, UK hit Facebook with formal antitrust investigations” Regulators in Europe and the United Kingdom on Friday announced they have launched formal competition investigations into Facebook in a two-front offensive on the social media giant’s use of data to dominate markets. The UK’s Competition and Markets Authority said it’s investigating whether Facebook is “abusing a…
“# Indian central bank remains anti-crypto, affirming ‘no change’ in its stance ” Its infamous circular directing banks to cease servicing crypto firms may have been overturned in the courts but India’s central bank is showing no signs of softening its stance towards cryptocurrencies. Reserve Bank of India Governor Shaktikanta Das reiterated the institution’s position in…
“# 51 crypto firms withdraw licensing applications in the UK ” Strict Anti-Money Laundering laws in the United Kingdom appear to be constituting a major operational hurdle for crypto firms in the country. According to the U.K. Financial Conduct Authority (FCA), several crypto businesses in the country might be preparing for an exit. In a…