Crypto Travel Rule And How It Operates
The crypto travel rule was formulated by the Financial Action Task Force (FATF) to guide crypto companies and Virtual assets service providers (VASPs). In this article, the concept and how it operates have been discussed extensively. The Financial Action Task Force (FATF) amended its recommendations in 2019 to include virtual assets (VAs) and Virtual assets service […]
U.S. House Bill aims to ban UST-Like Stablecoins for two years
Although its full impact and consequences are yet to be determined; a recent draft of a U.S. House bill proposes a two-year ban on stablecoins like Terra’s UST stablecoin. The Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp., and the SEC are just a few of the federal […]
Leaked MiCA draft indicates EU views some NFTs as securities
A new amendment of the EU Markets in Crypto Assets regulation (MiCA), according to a leaked document, apparently makes mention of fractionalized NFTs. The historic bill will welcome stringent cryptocurrency controls. According to insiders who spoke to CoinDesk, the MiCA is virtually finished but is still open for suggestions. Fungible tokens expressed as one NFT […]
GameStop and FTX US agree to strategic alliance
By collaborating with GameStop, FTX US becomes the sole cryptocurrency exchange partner, enabling more US customers to access digital assets. According to a statement released on Wednesday, FTX US, the US-regulated division of cryptocurrency exchange FTX, has established an exclusive agreement with leading video game retailer GameStop Corp (NYSE: GME). Despite the crypto winter, FTX […]
JPMorgan observes decline in request for Crypto Services
JPMorgan has declared that it will keep offering crypto services despite the current lack of interest in the cryptocurrency industry. Takis Georgakopoulos, Global Head of Payments at JPMorgan Chase & Co., claims that over the past six months, public interest in cryptocurrency as a payment method has dramatically decreased. He has stated, however, that the […]