Celsius halts crypto interest for non-accredited U.S. investors
Celsius has announced that non-accredited U.S. users will no longer be able to use Celsius Earn, and starting Apr. 15, only accredited investors will be able to earn yield on their crypto assets. Celsius, a prominent crypto lending site, is limiting customers’ ability to earn interest on their crypto holdings . Only authorized investors will […]
Russian Prime Minister Declares That Russians Collectively Hold $130 Billion In Crypto
Russians reportedly own over $130 billion in crypto, although the government is yet to adopt legislation on crypto use. The Russian prime minister stated that Russians’ cryptocurrency holdings are worth billions of dollars, but the government has yet to develop a regulatory framework for the industry. Russians collectively own more than 10 trillion rubles ($130 […]
SEC Lists Crypto Assets An Examination Priority In 2022
SEC Division of Examinations reveals that it is tailoring its focus to emerging issues, such as crypto assets. This move comes on the heels of the heightened market volatility of cryptocurrency. Crypto assets have been named as one of the top priorities of the Division of Examinations of the Securities and Exchange Commission. This new […]
Crypto Regulation Undergoes Assessment In The United Kingdom Amid New Reports
A collection of interconnected publications reminds financial institutions of their obligations and examines the situation of crypto regulation in the United Kingdom. Crypto regulation is being evaluated by the Bank of England Financial Policy Committee and other UK regulations after publishing papers on financial stability about crypto assets and decentralized finance. On Thursday, the Bank […]
The United States And European Union Increase Measures Against Russia Using Crypto Assets To Evade Economic Sanctions
The United Kingdom regulators stated that “using crypto assets to evade sanctions is a criminal offense.” Crypto assets usage to evade sanctions in foreign nations by Vladimir Putin’s associates has suffered another blow following the US and the EU announcement which is aimed at Russia’s economy and wealthy individuals. In reaction to President Vladimir Putin’s […]