Bank Of England’s PRA Raises Budget By $31 Million For Risks Like Crypto Assets’ Growth
PRA says it is committed to keeping pace with the risks posed by the growth of crypto assets, and it has increased its budget by $31 million in preparation. Prudential Regulation Authority (PRA), the Bank of England’s regulatory arm has increased its budget for the coming fiscal year by $31.6 million (£24.3 million), citing increased […]
Earth Day 2022: Analysts Say Bitcoin Mining Is Naturally Gravitating To Green Energy
Earth Day 2022 is an excellent opportunity to highlight how Bitcoin mining operations have begun to naturally gravitate toward less expensive and cleaner energy sources. Every April 22 is the commemoration of the Earth Day and with environmental sustainability being a key topic in the global debate over Bitcoin mining, analysts say the industry has […]
AUSTRAC Releases 2 New Guides To Assist By Spotting Illicit Crypto Use
AUSTRAC also urged financial institutions to debank clients who may be engaging in suspicious crypto use activity, warning that a mistake could be costly to Australia’s economy. AUSTRAC, the Australian financial compliance enforcement agency, has released two new guides to assist entities in detecting when customers are using cryptocurrency for illegal purposes or when they […]
US Crypto Investors Outpace The UK With 6X More Gains In 2021
For the year 2021, crypto investors from the United States made nearly $47 billion in profits — a six-fold advantage over their counterparts in the UK. The total amount realized by crypto investors in the United States was nearly six times that of the United Kingdom, the second-highest country in terms of realized gains. According […]
Germany’s Commerzbank Applies For Crypto License
A Commerzbank spokesperson confirmed to local media that the bank applied for the crypto license with BaFin earlier this year, a first for a major German bank. Commerzbank, one of Germany’s largest banks confirmed it applied for a local crypto license earlier this year, marking the first time a major bank has moved toward cryptocurrencies […]