In most cases, banks would have to deduct any digital asset holdings from their capital, as well as plan for specific extra risks like fraud or cyberattacks, he said. This means that, unlike conventional financial assets like mortgages, a banks’ store of crypto cannot be used to vouch for further lending, Woods added. Source
UK, US Regulators Call for ‘High Levels’ of Global Collaboration in Overseeing DeFi Source
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Bitcoin-Banning Measure Seen Too Close to Call in Tomorrow's EU Parliament Vote Original
Bitcoin was rejected north of $40,000 after a short live rally push it into previous highs. Persistent selling pressure and uncertainty around the global situation, and an incoming shift in central banks monetary policy, seems to be taking a toll on the crypto market. Related Reading | Bitcoin Falls Below $40,000 Trimming The Gains From US Crypto Order As of press time, Bitcoin trades at $38,790 with a 1.2% loss in the last 24-hours. BTC moving sideways on the daily chart. Source: BTCUSD Tradingview Via Twitter, legendary trader Peter Brandt gave…
Last year, the Ukrainian government launched concerted efforts to attract a local crypto industry that was part of a push to further digitize the economy. In September, the Parliament passed a law legalizing and regulating bitcoin. The country has low taxes, crypto-friendly regulations and a highly educated and young workforce. Source
During its Q4 2021 earnings call late Tuesday, Adam Aron, CEO of iconic theatre-chain AMC Entertainment, briefed the community on the company’s latest crypto adoption efforts. As told by Aron, AMC will start accepting Dogecoin (DOGE) and Shiba Inu (SHIB) “in a couple of weeks.” AMC began accepting online payments for movie tickets via major cryptocurrencies last year. The company said it is also still exploring options to issue its own coin, an idea that has been in the making for quite some time as it monitors the current cryptocurrency…
While the offensive against Ukraine continues, cryptocurrency exchanges are side-stepping a call to shut down Russian users’ active accounts. Ukrainian Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov took to Twitter on Sunday to ask all major crypto exchanges to block the addresses of Russian users in the wake of Russia’s invasion. “It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.” Kraken chief executive Jesse Powell replied on Twitter and said despite his deep respect for the…
As the West continues to impose more sanctions against Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has called for sanctions on Russians’ cryptocurrency holdings as well. Mykhailo Fedorov, Ukraine’s Minister of Digital Transformation, took to Twitter on Sunday to urge the global cryptocurrency exchanges to block addresses of Russian users. He emphasized that exchanges should freeze not only the addresses tied to Russia and Belarus officially but also to “sabotage ordinary users.” I’m asking all major crypto exchanges to block addresses of Russian users. It’s crucial to…
Tech entrepreneur Elon Musk has announced that the Starlink satellite internet service has been enabled for Ukraine. The move comes in response to a request from the government in Kyiv which is trying to halt a Russian military assault that may disrupt communications, among other threats. Elon Musk Provides Ukrainians With Access to Starlink U.S. billionaire and crypto influencer Elon Musk revealed on social media the activation of Starlink for Ukraine. The satellite internet constellation is operated by Spacex, the aerospace manufacturer and provider of space transportation services founded and…