On Sunday, South Koreas Financial Services Commission (FSC) announced new rules that are expected to affect 60 crypto exchanges that are operating without securing licenses from the FSC. For instance, banks are required to...

A series of positive developments, such as El Salvador granting Bitcoin legal tender status and Elon Musk hinting that Tesla might resume BTC payments, have helped push the market upwards. At the time of writing, BTC...

The Central Bank of the Argentine Republic (BCRA) is investigating nine fintech companies. The monetary authority wants to determine if the fintech firms have conducted unauthorized financial intermediation involving...

A top-ranking Republican on the Senate Banking Committee believes that the proposed regulation on crypto might be counterproductive. Sen. Pat Toomey (R-Pa.) wrote a letter to Treasury Secretary Janet Yellen saying that the...

While it is cautious when it comes to cryptos like Bitcoin (BTC) and Ether (ETH), the Bank of England (BoE) does not have any problems with stablecoins and central bank digital currencies (CBCDs). In fact, a bank executive...

El Salvador just made history as the first country in the world to grant legal tender status to the largest crypto by market cap, Bitcoin. This happened just days after President Nayib Bukele discussed his plan at the...

A number of jurisdictions all over the world have already earned the distinction of being crypto havens for their crypto-friendly regulations and business climate. However, the Central American country of El Salvador is...

The Financial Services Commission (FSC) is moving to halt the practice of cross trading between crypto exchanges in the country. According to the top regulatory body for South Koreas financial market, the practice of cross...

Dozens of firms that deal in cryptos like Bitcoin (BTC) and Ether (ETH) might have been facing imminent closure in the UK after failing to meet the countrys anti-money laundering rules. Thankfully, the FCA extended the...

South Koreas Financial Services Commission (FSC), which was recently tasked to oversee the crypto industry, had a closed-door meeting with some of the countrys crypto exchanges. Twenty crypto platforms had the chance to...