There are a bunch of rules that you need to follow, regulator Cathie Armour said talking about the country’s policies. Source
Commonwealth Bank's Crypto Services Face Regulatory Delays: Report
Tag: Report
Crypto Startup Wyre to Be Bought by Payments Company Bolt for $1.5B: Report
Payments company Bolt agreed to acquire crypto startup Wyre for $1.5 billion according to a report by the Wall Street Journal Thursday. Source
Meta may introduce tokens and digital currency lending services to apps: Report
Social media giant Facebook’s parent company Meta is reportedly planning to introduce virtual currency named after CEO Mark Zuckerberg as well as lending services to apps it owns, which may include Facebook, WhatsApp, Instagram, and Messenger. According to a Financial Times report on Wednesday, the move toward tokens and virtual currency is aimed at exploring alternative sources of revenue as interest in Facebook and Instagram drops. Meta’s potential virtual currency, which employees have reportedly dubbed ‘Zuck Bucks’, will be aimed at use in the metaverse. Facebook owner Meta targets finance…
Meta Exploring Non-Blockchain-Based Virtual Currency: Report
In addition, the company’s plans for NFT features on both the Facebook and Instagram platforms continue to advance. Source
President Biden is preparing to announce picks for SEC commissioners: Report
United States President Joe Biden is reportedly planning to nominate two commissioners with different political party affiliations to the Securities and Exchange Commission. According to a Wednesday report from the Wall Street Journal, Biden is considering Democrat Jaime Lizárraga, a staffer for House Speaker Nancy Pelosi, and Republican Mark Uyeda, counsel for the Senate Banking Committee on securities and capital markets, to fill seats left behind by SEC commissioners Allison Lee and Elad Roisman, respectively. Roisman left the regulatory body at the end of January, while Lee is expected to…
Female investors led crypto market growth in 2021, says new report
The crypto market is maturing and is no longer driven by speculation, according to a new report from BTC Markets (BTCM). According to the report by the Australian cryptocurrency exchange, the crypto market’s growth in 2021 was driven by utility. The BTCM Investor Study Report 2021 is an in-depth analysis of data from the BTCM exchange for the year 2021, divided by demographics (age, gender, investor type) to anonymously examine and analyze cryptocurrency investment habits among its 325,000 customers. As per the report, “crypto queens” or rather female investors on the…
Georgia Central Bank Plans to Introduce New Crypto Rules: Report
The eastern European nation will follow international guidance as it sets out anti-money laundering and licensing regime. Source
New Singapore Crypto Law Requires Overseas-Only Operators to Be Licensed: Report
The city-state’sTuesday passage of the law means such companies will have to meet anti-money laundering and anti-terrorism measures to which they were not previously subjected. Source
Former Binance CFO Wei Zhou Buys Coins.ph Exchange: Report
Zhou bought Coins.ph, a mobile wallet and digital currency exchange, from Indonesia’s Gojek, according to a report. Source
New crypto owners nearly doubled in 3 key regions in 2021: Report
The number of cryptocurrency owners has massively increased last year, with nearly half of all owners worldwide buying crypto for the first time in 2021, according to a new report. Gemini, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has polled about 30,000 respondents in 20 countries between November 2021 and February 2022 to provide a picture of a rapidly expanding crypto ecosystem. The company released the survey findings as part of its “2022 Global State of Crypto” report shared with Cointelegraph on Monday. According to Gemini’s findings, crypto…