Regulation

The Central Bank of Nigeria (CBN) has recently made a significant reversal of its previous stance by lifting the ban on cryptocurrency transactions in the country. This change, announced through a circular on December 22, allows Nigerian banks and other financial institutions to resume operations with cryptocurrency service providers. The initial ban, imposed in February
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Circle, a leading stablecoin issuer, recently announced that it has received conditional registration under France’s cryptocurrency laws. This move is seen as a strategic decision by Circle to establish its regulatory base in Europe and take advantage of France’s favorable environment for innovation in fintech and digital assets. France has been proactive in creating clear
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Introduction The Financial Services Regulatory Authority (FSRA) of the United Arab Emirates (UAE) has recently announced updates to its Anti-Money Laundering (AML) and sanctions rules, expanding its regulations to include digital assets. This move aligns with international standards, particularly the Financial Action Task Force’s (FATF) Travel Rule, to combat money laundering and terrorism financing effectively.
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U.S. Senator Roger Marshall recently made a surprising revelation, stating that the American Bankers Association played a significant role in formulating the Digital Asset Anti-Money Laundering Act. This legislation, which has drawn steep criticism from the cryptocurrency community, was presented to Marshall and Senator Elizabeth Warren by the Association itself. The admission made by Marshall
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The Central Bank of Ireland (CBI) has recently granted a license to Ripple’s Irish subsidiary, Ripple Markets Ireland Limited, as a registered Virtual Asset Service Provider (VASP). This approval allows Ripple to offer specific digital asset services within Ireland and potentially expand its services across the European Economic Area in the future. The licensing is
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BlackRock, one of the prominent asset managers, has filed a new amendment to the S-1 filing for its Bitcoin exchange-traded fund (ETF), known as the iShares Bitcoin Trust. The recent filing includes significant changes that indicate recent discussions between BlackRock and the U.S. Securities and Exchange Commission (SEC). It also introduces a market ticker symbol
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Revolut, the popular financial technology company, has recently announced a temporary halt to its cryptocurrency trading services for its business clients in the U.K. This move comes in anticipation of regulatory modifications that are set to be implemented in early 2024. Throughout this article, we will analyze Revolut’s decision, the new regulations, and the implications
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