Cryptocurrency news
Singapore's Central Bank Asks Crypto Firms to Submit Business Data
The Monetary Authority of Singapore (MAS), the country's central bank, has asked some digital asset firm to submit data about their business activity, Bloomberg reported, citing people with knowledge of the matter. The central bank is set to make changes to its crypto re...
Afghan Authorities Shut Down 16 Crypto Exchanges in One Week
The Afghanistan police force shut down 16 cryptocurrency exchanges in the country's western Herat province over the past week, independent local media outlet Ariana News reported on Wednesday. Law enforcement closed down the platforms and arrested their staff. This move came a...
Bank of Finland governor says digital euro could facilitate pan-European services to consumers
In a novel address at the University of California Berkley published on Wednesday, Olli Rehn, governor of the Bank of Finland, touted the possibility of a digital euro centralized bank digital currency (CBDC) functioning in tandem with private fintech solutions to facilitate the...
China begins next phase of CBDC testing with e-CNY payment for public transport
According to multiple sources, on Tuesday, China officially began rolling out the next round of its central bank digital currency (CBDC) pilot test program. In the city of Guanzhou, it is now possible to pay for public bus rides with the digital yuan (e-CNY) CBDC on 10 transit ro...
South Korea Plans to Tax Crypto Airdrop Recipients
In South Korea, recipients of crypto airdrops could be slapped with a tax of up to 50%, a government official said, according to Digital Times. Airdrops, or blockchain based token giveaways, are one of the ways crypto companies market their initiatives. South Korea said last ye...
FTX revenue reportedly grew 1000% in one year, leaked documents reveal
FTX was among the many crypto exchanges with a front-row seat to witness the crypto hype of 2021, back when Bitcoin (BTC) and other cryptocurrencies hit their all-time highs. Driven by massive customer onboarding, partnerships, sponsorships and other factors, FTX’s revenue...
South African Reserve Bank encourages friendly behavior with crypto
The Prudential Authority of the Reserve Bank of South Africa sent out guidelines to its subsidiaries in an effort to prevent illicit activities, encouraging banks not to cut all ties with cryptocurrency. It suggested that such an act could cause greater risk in the long...
EU Lawmakers Seek to Cap Banks’ Bitcoin Holdings
European Union (EU) banks that are exposed to cryptocurrencies like bitcoin (BTC) would face caps and hefty capital requirements under proposed amendments to a financial-services law published Wednesday. The plans, tabled by Green Party lawmaker Ville Niinistö, seek to anti...
Bank of China unveils new e-CNY smart contract test program for school education
According to local news outlet Sohu.com, on Tuesday, the state-owned Bank of China announced a new program to bridge primary school education with smart contracts. In a combined partnership with local education and financial authorities, parents residing in the city of Chengdu, l...
Canadian regulatory council creates new preregistration filing for crypto platforms
The Canadian Securities Administrators (CSA), the council of provincial and territorial securities regulators, announced Monday that crypto trading platforms will be expected to provide a preregistration undertaking to their principal regulators as they take steps to comply fully...