Month: June 2022

Cómo será el futuro del mercado institucional de criptomonedas en América Latina, según OSL

OSL no es el único jugador intentando ganar el mercado institucional en América Latina. Paxos, por ejemplo, logró proveer los servicios de custodia y trading a Nubank, el neobanco más grande de la región, que lanzó la opción de adquirir y comprar bitcoin y ether en mayo en Brasil. En noviembre del año pasado, también en ese país, Paxos también había logrado firmar un acuerdo similar con MercadoPago, el brazo fintech de MercadoLibre, la plataforma de marketplace más grande de la región. Source

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Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule

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The Financial Action Task Force (FATF) reported that 11 out of 98 responding jurisdictions have started enforcing its standards on Combating the Financing of Terrorism, or CFT, and Anti-Money Laundering, or AML. In an update released Thursday on the “Implementation of the FATF Standards on Virtual Assets and Virtual Asset Service Providers,” the FATF reported the “vast majority” of jurisdictions assessed by the organization’s Global Network since June 2021 “still require major or moderate improvement” in AML/CFT compliance in accordance with the travel rule. According to the FATF, countries moving…

JPMorgan dice que el ciclo de desapalancamiento del mercado cripto no será largo

Las compañías cripto más débiles, aquellas con alto apalancamiento y bajos niveles de capital, son las que presentan mayores desafíos. Por el contrario, aquellas con los balances más saludables son las que cuentan con más chances de supervivencia y que emergirán con mayor fuerza una vez que esta fase se termine, dijo el reporte. Original Source ciclocriptoDeldesapalancamientodiceJPMorganlargoMercadoserá CryptoX Portal

EU Agreement Reached on Anti-money Laundering Rules for Cryptocurrencies – Regulation Bitcoin News

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European institutions have reached an interim consensus on a set of EU regulations that will burden crypto companies with the obligation to help prevent money laundering, among other illicit activities potentially involving digital assets. The progress comes as the Union seeks to comprehensively regulate the continent’s cryptocurrency market. EU Officials and Lawmakers Agree on AML Measures in Crypto Space Negotiators representing the key participants in the EU’s decision-making process have reached an agreement on anti-money laundering (AML) rules that will require businesses in the crypto industry to verify the identities…

Bitcoin Being Bought by Harvard, Yale, & Rothschild Investment Corp – Crypto & DeFi Wheel of Fortune

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Harvard, Yale, and Brown university endowments have been buying Bitcoin for at least a year according to sources. Rothschild Investment Corporation increases stake in GBTC (Grayscale Bitcoin Trust) as institutional adoption grows. Jeremy Kerbel who works in DeFi went on the Wheel of Fortune TV show to mentioned he works in Decentralized Finance, Crypto, Blockchain and Bitcoin. Macro investor and CEO of Pantera capital Dan Morehead tweets that he is bullish on Ethereum and Polkadot. Gemini, the cryptocurrency exchange founded by the…

Basel Committee wants to limit banks’ digital asset exposure to just 1% of equity

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On Thursday, the Basel Committee on Banking Supervision suggested during its second consultation on the prudential treatment of crypto-asset exposures that banks limit their exposure to so-called Group 2 crypto assets to just 1% of their Tier 1 capital.  Group 1 digital assets consist of tokenized traditional assets, such as synthetic stocks, or those with effective stabilization mechanisms, such as regulated stablecoins. Under the new proposal, Group 1 digital assets would be subject to at least equivalent risk-based capital requirements as traditional capital assets within the current capital framework, Basel III.…

Bitcoin nears worst monthly losses since 2011 with BTC price at $19K

Bitcoin (BTC) drifted further downhill into the June 30 Wall Street open as United States equities opened with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. dollar returns to multi-decade highs Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it abandoned $19,000 to hit its lowest in over ten days. Bulls failed to preserve either $20,000 or $19,000 at the hands of limp U.S. stock market moves, the S&P 500 and Nasdaq Composite Index down 1.8% and 2.6% respectively at the time of writing. At the same…