Russian Lawmaker Says Illegal Use Of Cryptocurrency Is Largely A Myth
According to a high-ranking Russian lawmaker, only a small portion of cryptocurrency transactions are for illegal purposes, and the use of cryptocurrency for illegal activities is mostly a myth. According to Andrey Lugovoy, a member of the State Duma’s working group on cryptocurrency regulation, the illegal use of cryptocurrencies is largely a myth. “According to […]
Belgium’s FSMA Plans To Regulate Crypto Exchange Services
Crypto exchanges must meet seven requirements of FSMA, including being organized as a corporation with a minimum capital of USD 52,725 (EUR 50,000). A new rule imposed by Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), will now require crypto exchanges and custodial wallet services in the region to register within a […]
ETH 2.0 Deposit Contract Holds 10% Of The Total Circulating Ethereum Supply
Once proof-of-stake is implemented later this year, ETH 2.0 deposit contract can be unblocked to increase Ethereum processing speed. On Friday, the deposit contract for staking Ethereum (ETH) on the Beacon chain had a balance of 12 million ETH. The total value of Ether locked in the Eth2 contract is approximately $34.5 billion. The deposit […]
Binance Blocks Crypto Accounts Of The Relatives Of Russian Government
Binance blocked the Kremlin spokesman’s daughter’s account after she attempted to use the crypto exchange following Russia’s economic sanctions. Binance, a cryptocurrency exchange, is taking additional steps to prevent the Russian government from using cryptocurrency to mitigate the impact of sanctions. Binance has shut down several accounts linked to relatives of senior Kremlin officials in […]
US Lawmakers Introduce Bipartisan Bill To Give CFTC Authority Over Crypto Exchanges And Stablecoin
The Digital Commodity Exchange Act would empower the commodities regulator to set rules for cryptocurrency developers and crypto exchanges that offer spot trading. On April 28, a bipartisan group of lawmakers in Washington, D.C. introduced an updated bill to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the jurisdiction of the US […]