SEC chair says cryptocurrency is subject to security rulings
The Securities and Exchange Commission (SEC) Chairman Gary Gensler has stated that further regulations for the bitcoin market are on the way. SEC is expected to publish new guidelines on the regulation and registration of security-based swaps, which might include bitcoin, in the coming months. In a presentation to the American Bar Association’s Derivative and […]
Bermuda Monetary Authority issues a crypto trading licence to a multi-asset exchange
According to Bermuda Premier’s David Burt, the approval of the 24 Exchange by the regulatory authority is the “first licence of its kind to be issued in Bermuda.” Crucial regulatory permission has been obtained by a multi-asset class trading firm in Bermuda, allowing it to provide cryptocurrency trading services to its clients. The Bermuda Monetary […]
See The Reason Behind Circle’s Dollar-Pegged Stablecoin USDC
The reserves that support the dollar-pegged stablecoin USDC were published today by Circle, the firm behind it. Circle, the stablecoin issuer, detailed the numerous sources of backing that underpin its stablecoin USDC in a blog post published this morning. Stablecoins are digital currencies that are tied to the value of a fiat currency, in this […]
Polkadot partners with Diem blockchain app
The cooperation, according to Pontem CEO Boris Povod, aims to improve Polkadot’s current node infrastructure, with Pinknode delivering “reliable and secure API endpoints.” A partnership between Pinknode, a provider of node infrastructure, and the decentralised application attempting to connect Facebook’s Diem blockchain with public networks has been announced. Announcing its partnership with Pinknode on Friday, […]
Japan calls for the regulations of Stablecoins
The digital currency market is seeing changes daily, after the United States called for a regulation of stablecoins, Japan has followed suit by also requiring regulations be made for stablecoins. Japanese officials are increasing up efforts to regulate digital currencies, particularly stablecoins, in recent development. According to Reuters, the Japanese government is keeping a close […]