Cryptocurrency
Cryptocurrency
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FCA and BOE release discussion papers on stablecoin regulations in the UK
The UK's plans to regulate stablecoins have been set in motion by the release of these discussion papers.
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Worldcoin strives to create a Global ID Network resembling India's Aadhaar biometric system
"A really good analogy for the type of impact something like Worldcoin can have is the Aadhaar project in India," said Tiago Sada, head of product, Worldcoin.
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Hong Kong's SFC considers granting retail investors access to spot crypto ETFs
In January, the SFC limited access to crypto spot ETFs to professional investors. In October, it expanded access to more investors who met specific criteria.
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PayPal obtains a crypto licence in the UK from FCA
The licence acquisition comes after PayPal temporarily halted Bitcoin purchases in the UK in October 2023 due to strict FCA regulations
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Turkey pursues new crypto regulations to exit FATF's grey list
Turkey, with just 1 FATF standard left to fulfil, aims to draft new crypto regulations to exit the FATF grey list that it was downgraded to in 2021
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Visa completes successful pilot test of Digital Hong Kong Dollar with local banks
The e-HKD pilot test demonstrated B2B payment tokenisation, emphasising its benefits in terms of speed, effective risk management, network resilience, and increased transaction transparency.
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Invesco Galaxy's Bitcoin ETF (BTCO), listed on DTCC yet to be approved by the SEC
A spokesperson from DTCC clarified that being on DTCC list does not guarantee approval from the SEC
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Crypto unicorn CoinDCX anticipates tax reduction in India
Sumit Gupta, CEO of CoinDCX, expressed his expectation for lower taxes on crypto transactions and more regulatory clarity by the end of 2025
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Bulgarian football club Botev Plovdiv adopts Bitcoin & Lightning Network, joins Nostr
As an incentive, Botev Plovdiv FC will offer a 10% discount to Bulgarian fans on all products purchased using Bitcoin throughout November 2023
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Spain advances MiCA implementation
Spain to fast-track MiCA, reduce its transition period to 18 months, in contrast to the EU standard transitional period of 36 months
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Taiwanese lawmakers present crypto regulation bill to parliament
Taiwan's new crypto regulation bill proposes fines ranging from 2 million TWD to 20 million TWD on unlicensed virtual asset service providers
