Coinbase Clarifies Service Suspension Reports in India
A Coinbase spokesperson reaffirmed the company’s long-term commitment to India, stating their need to remain in the market. Coinbase has clarified in response to the previous reports that it would shortly cease all operations for Indian clients. Coinbase said in an email that it would stop providing all trading services to users in India after […]
National Bank of Georgia set to regulate crypto market
Georgia, a small country with a population of under 4 million stands out to be one of the countries in the world to have embraced cryptocurrencies. Georgia , a Black Sea nation, is planning to regulate its cryptocurrency market. On Monday, Governor of the National Bank of Georgia, Koba Gvenetadze, told The Financial that the […]
EU Lawmakers Won’t Ban Crypto After All
According to a report published by German news outlet BTC-ECHO, the European Union (EU) has reversed its controversial plan to restrict the energy-intensive proof-of-work consensus process. The EU’s Amendment The latest version of the EU’s “Markets in Crypto-Assets” or MiCA legislation has been stripped of a clause that many believed would lead to a ban […]
Would There be a Decline In Dollar rates as Biden sets to Issue Executive Crypto Order?
President Joe Biden of the United States is expected to release an executive order on cryptocurrency this week, according to a senior administration official with an understanding of the facts. Why Release a Crypto Executive Order (EO)? The Executive Order will direct government entities to conduct in-depth investigations into various aspects of the crypto asset environment in […]
SEC charges BlockFi with a $100 million fine for failure to comply with regulatory law
The SEC has charged crypto lending business BlockFi with a $100M penalty for failing to register high-yield interest accounts that the agency considers securities. The penalty also requires the business to stop onboarding new customers to its unregistered service, BlockFi Interest Accounts. The Securities and Exchange Commission, or SEC, took action against crypto lending business […]