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LICENSE REQUIRED IN FRANCE FOR CRYPTOCURRENCY SERVICE PROVIDERS
- 12 January 2023
- Posted by: Cryptovalues
- Category: Cryptovalues News, World News
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It was a measure expected since the end of last year, and immediately with the beginning of 2023, in an attempt to anticipate new European Union laws, the French Financial Markets Authority (AMF) wants to force cryptocurrency companies to apply for a license if they are not already registered in the country. In this desire
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FED SCRUTINY INCREASES ON BANKS OPENING UP TO CRYPTO
- 9 January 2023
- Posted by: Cryptovalues
- Category: Cryptovalues News, World News
Three U.S. regulators-the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC)-have issued a joint statement highlighting the “key risks” associated with crypto-assets. This comes in light of the events of the past year, such as the FTX bankruptcy, and the Luna and Three Arrow Capitals
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UNITED KINGDOM, 2023, NEW OPENNESS TO THE CRYPTO WORLD
- 1 January 2023
- Posted by: Cryptovalues
- Category: World News
It was only last July when the then Chancellor of the Exchequer (counterpart of our Minister of Economy and Finance) Rishi Sunak announced maximum efforts to make the UK a “crypto hub” within the framework of sound realism and in building infrastructure to prepare to supervise cryptocurrency issuers and traders in a way that adequately
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USA AND CDBC
- 23 December 2022
- Posted by: Cryptovalues
- Category: Cryptovalues News, World News
In April 2022, the U.S. Federal Reserve officially stated that it was studying a central bank digital currency. Some time ago, Fed Chairman Jerome Powell agreed that “a U.S. CBDC could potentially help maintain the international standing of the dollar.” When asked in a recent interview about a digital currency, Powell said: “We wouldn’t want
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NEW STANDARDS SET BY BASEL COMMITTEE TO BE INTRODUCED BY 2025
- 19 December 2022
- Posted by: Cryptovalues
- Category: Central Banks, Cryptovalues News, World News
New standards approved by the Basel Committee on Crypto to be implemented by 2025, about a bank’s exposure to certain crypto assets. The Basel Committee, the main global standard for prudential regulation of banks, has suggested that a bank’s exposure to certain crypto assets should not exceed 2 percent and should generally be less than
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GOLDMAN SACHS SEES DISTRESSED MARKETS AS AN OPPORTUNITY TO INVEST IN THE DIGITAL SECTOR
- 12 December 2022
- Posted by: Cryptovalues
- Category: World News
Goldman Sachs intends to invest in the crypto sector and has decided to allocate tens of millions of dollars for this purpose. The decision, undoubtedly strong for the period, also stems from seeing its trading volumes increase after the collapse, as investors look for more reliable trading partners. In the wake of the FTX collapse,
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CFTC WILL BE OVERSEEING CRYPTO INDUSTRY IN USA
- 18 November 2022
- Posted by: Cryptovalues
- Category: Cryptovalues News, World News
CFTC WILL BE OVERSEEING CRYPTO INDUSTRY IN USA CFTC Commissioner Christy Goldsmith Romero says the agency needs a new way of categorizing investors to prepare for the new oversight of digital assets, now that the Commodity Futures Trading Commission looks set to take over oversight of cryptocurrency trading. In the words of Commissioner Christy Goldsmith
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FRANCE INCREASINGLY OPEN TO DIGITAL SECTOR
- 8 November 2022
- Posted by: Cryptovalues
- Category: Cryptovalues News, EU Law, World News
France will revise its tax rules on cryptocurrencies next year in an effort to continue its neuralgic role in the blockchain sector, and it will not do so by faithfully replicating what is planned in the equities sector. This was stated by Finance Minister Bruno Le Maire. Slightly contradictory are the words of the French
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CENTRAL BANK OF INDIA, PHASED APPROACH TO DIGITAL RUPEE LAUNCH
- 27 October 2022
- Posted by: Cryptovalues
- Category: Central Banks, World News
The Central Bank of India will adopt a gradual approach about the launch of the digital rupee. The Reserve Bank of India will adopt a phased approach about the introduction of digital currency into its economy, considering that it must meet standards for monetary policy, financial stability and efficiency of currency and payment systems. The
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FOR BNY MELLON ALSO STARTS CRYPTO CUSTODY SERVICE
- 24 October 2022
- Posted by: Cryptovalues
- Category: Cryptovalues News, World News
BNY Mellon is launching cryptocurrency custody services, and Bitcoin and Ethereum will be the first cryptocurrencies to benefit from this opportunity. Earlier this fall, the multinational banking corporation formed on July 1, 2007 by the merger of The Bank of New York, founded in 1784, and Mellon Financial Corporation, founded in 1869, received approval from