Brazilian SEC wants to alter how it regulates cryptocurrencies
The Brazilian agency claimed that after previously refusing to regulate the area, it now intends to work on the concept of virtual assets. According to reports, the Brazilian Securities and Exchange Commission is working to reform the nation’s legislative system to better regulate cryptocurrencies. One big issue, according to the local media, is that the […]
Binance updates ETH, LUNC and USTC deposits and withdrawals
Binance modified a few aspects of deposits and withdrawals for LUNC and USTC while also announcing zero fees on trading for ETH. The Shuttle Bridge will no longer accept deposits or withdrawals of Terra Classic tokens, LUNC, or USTC, according to a statement from Binance. In a recent notice, the exchange indicated that starting on […]
BIS execs: Crypto’s adaptability vital to ideal monetary system
BIS executives said bottlenecks in DeFi and reliance on volatile assets are hindering the broad adoption of cryptocurrencies. Governments view central bank digital currencies (CBDCs) all over the world as a way to enhance the current fiat ecology. According to a recent International Monetary Fund (IMF) article, cryptocurrency’s technological capability, backed by the central bank’s […]
Many Celsius clients petition US court to retrieve $22.5M in crypto
A number of irate creditors claimed that the suspension of withdrawals on Celsius custody is against the explicit language of the company’s terms of service. As displeased users take legal action to retrieve their assets after the platform froze withdrawals in June, the bankrupt cryptocurrency lender Celsius Network is dealing with new legal concerns. 64 […]
Indonesia aims to have its own cryptocurrency exchange by 2022
The intention, which was first expressed last year, was confirmed by the deputy trade minister of Indonesia. The government of Indonesia has resumed its effort to establish the digital asset market that was initially officially proposed in 2021. By the end of 2022, the so-called “crypto bourse” is expected to be operational. DealStreetAsia reports that […]