Financial Stability Board Devises Global Crypto Regulatory Framework
The Financial Stability Board (FSB), an international organization that oversees the global financial system, has devised a global framework for cryptocurrencies. On July 17, a public note and two separate guiding documents were made public. The document includes general high-level recommendations for crypto regulation and “revised high-level recommendations” for a “global stablecoin.” The latter is […]
Binance Exchange Completes Bitcoin Lightning Network Integration
Binance crypto exchange has successfully integrated Bitcoin Lightning Network for BTC withdrawals and deposits on its platform. Binance affirmed the development in a July 17 blog post, noting that users can now use the layer-2 scaling solution for BTC withdrawals and deposits. When consumers withdraw or deposit Bitcoin, “LIGHTNING” will be available. BNB Smart Chain […]
National Australia Bank Blocks Crypto Exchanges Citing Scams
National Australia Bank (NAB) has blocked certain cryptocurrency exchanges, citing the high risk of scams; however, the bank did not specify the platforms already blocked. National Australia Bank (NAB) announced new anti-fraud measures on July 17 as part of its “bank-wide scam strategy.” In addition to suspending millions of dollars in payments between March and […]
Monochrome, Vasco File for Spot Bitcoin ETF
Monochrome Asset Management Pty Ltd and Vasco Trustees Ltd have submitted an updated spot Bitcoin ETF registration to the Australian Securities Exchange (ASX) under the country’s new regulatory framework. The Australian Securities Exchange (ASX) has received an updated application for the Monochrome Bitcoin ETF (IBTC), according to an announcement issued by Monochrome Asset Management on […]
Indonesia Reportedly Sets to Launch Crypto Exchange in July
The Indonesian government is making plans to establish a national cryptocurrency exchange. The platform will launch within the next few weeks and will be the only platform allowing crypto transactions in the country. The Indonesian Commodity Futures Trading Supervisory Agency (CFTRA), also known as Bappebti, intends to launch the national cryptocurrency exchange in July 2023, […]