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CATEGORY: cryptoasset

Crypto retail trading should be regulated as gambling: UK lawmakers
Author: Cointelegraph By Felix Ng
United States
Source: Cointelegraph.com News
May 17, 2023 08:20

Crypto retail trading should be regulated as gambling: UK lawmakers

The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed.

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BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030
Hong Kong
Source: Blockchain News
Jul 10, 2023 06:55

BIS Survey: 93% of Central Banks Engaged in CBDCs, 15 Retail and 9 Wholesale CBDCs Expected by 2030


The Bank for International Settlements (BIS) has released a survey revealing that 93% of central banks are now engaged in some form of Central Bank Digital Currency (CBDC) work, with retail CBDCs taking the lead over wholesale CBDCs. (Read More)

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Danish FSA Orders Saxo Bank to Divest Crypto Holdings, Indicating Tightening Regulation
Hong Kong
Source: Blockchain News
Jul 05, 2023 06:55

Danish FSA Orders Saxo Bank to Divest Crypto Holdings, Indicating Tightening Regulation


The Danish Financial Supervisory Authority (Finanstilsynet) on July 4, 2023, issued a directive to Saxo Bank, instructing the financial institution to divest its holdings in cryptoassets. This move is based on the current legal framework, which prohibits banks from trading cryptoassets for their own account. (Read More)

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UK's FCA Introduces New Financial Promotions Regime for Cryptoasset Firms
Hong Kong
Source: Blockchain News
Jul 04, 2023 06:55

UK's FCA Introduces New Financial Promotions Regime for Cryptoasset Firms


The UK's Financial Conduct Authority (FCA) has issued a letter to cryptoasset firms outlining a new financial promotions regime. This legislation, set to be enforced from 8 October 2023, requires all entities marketing cryptoassets to UK consumers, including those based abroad, to adhere to the new regime. (Read More)

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