Search Results for: Mica

Coinbase Secures Regulatory Approval to Operate as a Virtual Asset Service Provider in Ireland

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Coinbase has announced it has secured regulatory approval as a virtual asset service provider (VASP) in Ireland, according to a company blog post published on Dec. 21. According to the company, Coinbase has been approved by Ireland’s central bank which means…

Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians

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Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such…

‘Cryptocurrencies Like Bitcoin Make Global Commerce Easy’ — Founder of Nigerian Crypto Exchange

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Despite the Central Bank of Nigeria (CBN)’s Feb. 5, 2021 directive that instructed banks to block crypto entities from the financial system, the demand and use of cryptocurrencies have continued to grow. Not even the central bank’s subsequent crackdown on crypto…

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

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A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two…

EU Commissioner Urges US to Create New Crypto Rules — Says ‘We Need to Look at Global Regulation of Crypto’

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The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislating … We need to look at global regulation of crypto,” rekel…

British Fintech Revolut je podelil kripto licenco na Cipru

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U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation….

Evropski bančni organ zaskrbljen zaradi zaposlovanja talentov za nadzor kripto prostora

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Europe’s banking sector regulator is worried it won’t manage to find the specialized personnel needed for the oversight of the EU’s attempt to regulate the crypto market. The authority is also concerned over the lack of clarity regarding which digital assets…

Saudi Chemicals Producer SABIC Launches Blockchain Pilot Project

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A Saudi Arabia-based chemical manufacturer has said its recently launched blockchain pilot is expected to uncover the possibilities of the technology “in supporting end-to-end digital traceability of circular feedstock in customer products.” The benefits expected to accrue from using blockchain include…

Švedska potrebuje moč za bolj uporabne stvari kot rudarjenje bitcoinov, Minister za energijo pravi

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Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, država’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it…

Šefica ECB Lagarde: Kripto in Defi bi lahko pomenila 'resnična tveganja' za finančno stabilnost

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Predsednik Evropske centralne banke (ECB), Christine Lagarde, pravi kripto sredstva in decentralizirane finance (defi) have the potential to pose “real risks” to financial stability. She has some regulatory suggestions to supplement Europe’s Markets in Crypto Assets Regulation (MiCA)…