Japan authorities ease crypto rules to facilitate coin listing
Japan Virtual and Crypto Assets Exchange Association aims to ease the screening procedure for authorized exchanges to offer crypto assets. The regulating body for crypto assets in Japan, the Japan Virtual and Crypto Assets Exchange Association, published intentions to further relax the country’s crypto rules. According to a Bloomberg article, the association intends to use […]
IMF: Crypto assets no longer niche, regulators must keep up
Better crypto regulation is mostly driven by recent failures of cryptocurrency issuers, exchanges, and hedge funds. According to the International Monetary Fund, over the past few years, crypto assets have transitioned from being “niche products” to more widely used assets, necessitating the need for more thorough regulation of the industry (IMF). IMF officials underlined that […]
Crypto.com Gets Confirmation for Crypto Asset Activities in the UK.
Digital asset exchange After receiving registration confirmation from the Financial Conduct Authority (FCA) on Tuesday, Crypto.com has recently acquired the go-ahead for “certain crypto asset activities” in the UK. The FCA’s Financial Services Register indicates that on August 16 “FORIS DAX UK LIMITED” was given Money Laundering Regulation Status and registered to engage in “certain […]
Robinhood Rallies Crypto Support As It Enables Crypto Assets Transfers
Robinhood has had a stock price in the last 24 hours as its app will now support the transaction of cryptocurrencies like Bitcoin, Polygon, and Shiba Inu. Robinhood, a trading app, announced that it is now accepting transfers for all listed crypto-assets on its platform. The app has announced that it would now accept transfers […]
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 […]