An Administrative Body In Japan Is Looking Into DeFi

The finance management department of Japan has given the impression that it might be working to create a new law to regulate the De-Fi services, given that it is presently spotlighting redistributed financial programs. The Japanese state authorities have declared an open bidding process and a fact-finding survey for redistributed finance services. The FSA is … Read more

India Will Begin A Retail CBDC Pilot

In December, the main bank in India will begin testing retail CBDC. The goal of the digital rupee is to enhance rather than replace the existing payment infrastructure. The RBI is getting ready to launch the selling of the new project of creating electronic rupee, after testing the wholesale use of its central bank digital … Read more

PoW Mining Is Banned Unless Renewable Energy Is Used

A ban on PoW crypto-mining has been enacted by the governor of New York. The PoW moratorium bill was approved by the governor on November 1.  In November, the Proof of Work crypto-creation ban was enacted by New York Governor Kathy Hochul. In addition to outlawing new mining operations, the PoW mining moratorium might also … Read more

El Salvador Plans To Issue Bitcoin-Based Bonds

Congressional consideration of a digital asset management bill shows that El Salvador is going on with its desire to issue bitcoin-related financial certificates. The Legislative Assembly of El Salvador received a bill from Minister of the Economy Maria Luisa Hayem Breve. The bill would establish state committee on the crypto-related assets, which would be in … Read more

Can You Earn Passive Cryptocurrency Income In A Bear Market? – A Complete Guide

A bear market is a common practice in the cryptocurrency market and everyday traders are used to it. It has been experienced for a number of times in the past and it will also happen in the future in all financial markets. The value of the assets has been depreciated by almost 70% from their … Read more

New Crypto-Regulations Follow The FTX Collapse

FTX, a bankrupt cryptocurrency exchange, disclosed in its official bankruptcy filing on Tuesday. It had undergone a “major liquidation” as regulators opened an investigation and demanded that rules for the troubled sector be put in place more quickly. According to paperwork submitted by FTX in a US insolvency judiciary, FTX has contacted finance controls and … Read more

El Salvador Lost Millions Of Dollars After Bitcoin Legalization

According to a tweet from the anti-corruption organization ALAC, El Salvador’s bank BANDESAL has once again rejected a request for records of public Bitcoin transactions. The disclosure of Bitcoin transaction records prompted a response from El Salvador.  The investigation Citizens of El Salvador wish to report corruption receive legal assistance from the Anti-Corruption Legal Advisory … Read more

The Israel State Authorities Are Absolutely Pro-Crypto

To spread out the reach of cryptocurrencies in the Israeli economy, the Capital Stock Exchange (TASE) has announced a brand-new strategical program to create a new digital asset platform for the year 2023-2027. According to it, the government is going to facilitate the adoption of advanced engineerings such as NFTs, tokenization of different electronic assets, … Read more

The Portugal New Crypto-Regulations

Well-thought-out Portugal has always been among the most crypto-welcoming countries, it has progressively changed its stance on taxation of cryptocurrency profits and at present prohibits holding cryptocurrency profits for periods of not more than one year.  Bloomberg says the Portuguese Republic, to introduce the radical regulations, was considering to be on the same page with … Read more

Russia to Use Cryptocurrencies in International Trade without Limitations

The Russian government was infamously against using or regulating digital crypto assets. However, the current geopolitical situation forced the leaders of the nation to shift their stance on cryptocurrencies. What is happening to the Russian economy? Since the beginning of the Russia-Ukraine war, the whole world has been piling on the Russian economy imposing one … Read more

Portugal Is One of the Most Crypto-Friendly Countries in the World

The talks about true adoption are concentrated around either country that has failing monetary systems or countries that spearhead the process of regulating crypto assets. The former has many citizens interested in hedging against inflation and storing money in crypto. The latter make headlines because they often set intriguing precedents. On the other hand, countries … Read more

The UK Government May Push toward Crypto Adoption Under Truss

During the parliamentary debate on the topic of crypto regulation, Richard Fuller, the Economic Secretary to the Treasury, noted that the country should be creating a hospitable space for people who want to be creative and innovative within the crypto industry. He believes that it will be possible under Truss and her more progressive views … Read more

The Us Government Believes That Crypto Is A Threat To Ecology. Why It Is A Good Thing

The recent news story about the US government suggesting banning crypto mining has been making rounds in the crypto community with many members saying that it should never happen. However, the issue is a little bit more complex than the US senators waging war against crypto. Many states are already heavily invested in mining and … Read more

BoE Proposes Stablecoin Regulation Following Terra Crash

The UK authorities have released a detailed report of how it intends to reduce the financial stability problems related to financial settlements with cryptos. The authorities saw the need for this regulation following the UST stablecoin at the beginning of this month. Before its collapse, the UST was among the top three stablecoins globally. UK … Read more

Bitcoin Mining Difficulty Drops By 4.34%

BTC mining difficulty is now 29.85 trillion from the previous 29.85 trillion. The amount represents a 4.34% drop in the asset’s mining difficulty. The drop rate of the BTC difficulty adjustment algorithm represents the asset’s second-largest in a little less than 12 months. The Relevance Of The DAA Drop Last July, the DAA drop rate … Read more

Turkey Introduces New Bills to Increase Regulatory Oversight

Providing regulatory clarity on virtual currencies is the goal of every country’s central bank globally. Since 2020, nations have clamored for better oversight in the crypto industry to curb illicit transactions and safeguard investors.  Turkey has reportedly joined the long list of countries that aims to develop its cryptocurrency sector with improved oversight. The European … Read more

Authorities Need To Prioritize Crypto Regulation And Education – IMF Chair

Earlier this month, the Terra network crash resulted in an intense sell-off in the crypto market. Analysts estimate that the crypto market cap dipped by nearly $500B following the crash. All digital assets are still well off their ATHs. The Leading digital asset, BTC, continues to trade at sub-$30K levels. After the network crash, the … Read more