UK FINANCIAL SERVICES MINISTER OPPOSES TREATING CRYPTO AS GAMBLING |1300 HKT | 0600 UKT | 21 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

UK Financial Services Minister Andrew Griffith has refuted a report published by the Parliament’s Treasury Select Committee in May to regulate cryptocurrencies as gambling rather than financial service due to significant risks posed by unbacked cryptocurrencies to...

KUWAIT BANS MOST CRYPTO-RELATED ACTIVITIES |1300 HKT | 0600 UKT | 21 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

Kuwait’s Capital Markets Authority (CMA) announced a complete ban on most cryptocurrency-related activities, including payments, investments, and mining, according to a circular released on 18 July. This includes prohibiting local regulators from licensing businesses...

NASDAQ SUSPENDS CRYPTO CUSTODY LAUNCH DUE TO REGULATORY CONCERNS |1300 HKT | 0600 UKT | 20 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

Nasdaq has reportedly suspended the rollout of its own cryptocurrency custody service, which was initially scheduled for a Q2 2023 launch. The decision comes in response to regulatory uncertainty in the US, as announced by CEO Adena Friedman during the Q2 results...

SOCIETE GENERALE BECOMES FIRST COMPANY IN FRANCE TO OBTAIN CRYPTO LICENCE |1300 HKT | 0600 UKT | 20 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

Societe Generale has reportedly become the first company in France to secure a licence for cryptocurrency services, reflecting a growing trend of mainstream financial firms adopting crypto this year. The French bank’s crypto division, Forge, has been authorised to...

US SEC ACKNOWLEDGES SIX SPOT BITCOIN ETF APPLICATIONS FOR REVIEW |1300 HKT | 0600 UKT | 20 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

US Securities and Exchange Commission (SEC) has formally acknowledged applications for spot bitcoin exchange-traded funds (ETFs) from six firms, including BlackRock. Bitwise, VanEck, WisdomTree, Fidelity, and Invesco have also had their applications accepted by the...

XRP SOARS TO TOP SPOT IN TRADING VOLUME FOLLOWING COURT RULING IN RIPPLE CASE |1300 HKT | 0600 UKT | 19 July 2023

by Александр Пирогов | Jul 26, 2023 | Blog News

Following the US court’s decision on the lawsuit against Ripple (XRP), XRP’s trading volume has risen significantly, making it the most traded cryptocurrency in a month, as per a report by Kaiko. The report shows a 61% increase in XRP trading since the court’s ruling....