El Salvador releases new Bitcoin banking regulations
The Banco Central de Reserva (BCR), El Salvador’s central bank, has published a draft that involves two documents detailing how banks should deal with transactions involving Bitcoin. On Aug. 17, two documents were made available for comment, advising banks and financial institutions on how to provide Bitcoin-related services to their consumers. The first, headed “Guidelines […]
Binance is operating without a license in the Netherlands
Apparently, the days of regulatory woes for Binance are not over, although there was a little pause, the Dutch central bank has come out to say that the exchange is working without a registered license in the country. According to the Dutch central bank, De Nederlandsche Bank (DNB) , Binance is operating in the Netherlands […]
Mr. Whale claims NFTs are being used for money laundering
NFTs have the potential to serve as a vehicle for the crypto elite to legalise their ill-gotten fortunes. However, there may be more to the nonfungible token market than meets the eye, as questions grow over the sector’s role in money laundering and tax evasion. A new report from crypto investor and uber-bearish crypto critic […]
Okcoin’s CCO says stronger crypto regulations won’t help prevent fraud
The chief compliance officer of Okcoin Megan Monroe said the current regulations in the US are adequate to regulate cryptocurrency exchanges and further regulations may not be the best solution. Although Megan Monroe , Okcoin’s chief compliance officer, stated that there are still some grey areas in regards to cryptocurrencies in the United States, she […]
DBS is now approved for crypto payment services in Singapore
Following regulatory approval in Singapore, DBS the country largest bank has stated that by Monday its crypto exchange will start operating, allowing institutional investors to trade Bitcoin. DBS Bank, Singapore’s largest bank, has added another regulatory clearance to its list of supported bitcoin services. The Monetary Authority of Singapore (MAS) has given DBS Vickers (DBSV) […]