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The Bahamas Designs New Regulations for Battling Phony ICOs
Nov 10,2023
The Central Bank of The Bahamas has issued a document detailing amendments to the regulatory framework that are geared towards helping the integration of digital assets within its financial services offerings. Initial coin offerings (ICOs) are a popu...
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The proposed SegWit2X upgrade of the Bitcoin payment system has been postponed
Nov 08,2023
The proposed SegWit2X upgrade of the Bitcoin payment system has been postponed. A decision has finally been made over the much anticipated question on the scaling of the Bitcoin system. A group of the biggest Bitcoin companies (major mining pools and...
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CEO of the Hong Kong Securities and Futures Commission marks Libra as a serious threat
Nov 07,2023
In his speech during the fintech week meeting in Hong Kong on November 6th, chief executive officer of the Hong Kong Securities and Futures Commission (SFC), said that 'Libra and other "Big Tech" stablecoin projects pose a deep threat', adding that '...
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A security vulnerability in the Parity multi-signature Ethereum wallets froze large amount of the Ethereum cryptocurrency
Nov 07,2023
A security vulnerability in the Parity multi-signature Ethereum wallets froze around 500 000 units of the Ether cryptocurrency. Parity Technologies, the company behind the Parity wallets, stated that this occurred due to the accidental global executi...
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Growth of cryptocurrency in Africa calls for stronger security
Nov 05,2023
The increasing technical proficiency of criminals is putting the cryptocurrency business in Africa at risk. According to experts, virtual currency related crimes in South Africa are on the rise, with criminals using victims' phones to mine cyptocurre...
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European Securities and Markets Authority (ESMA) has published a report on initial coin offerings
Nov 04,2023
Report issued from the Securities and Markets Stakeholder Group (SMSG) is aiming to gave theEuropean Securities and Markets Authority (ESMA) advice regarding the regulation around the Initial Coin Offerings (ICO). Report is defining terms crypto...
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Senegal will start to implement digital currency created for the West African Economic and Monetary Union (WAEMU)
Nov 04,2023
The republic of Senegal is a second country to announce the introduction of the virtual currency into the mainstream monetary system. After Tunisia adopted eDinar in an early 2015, Banque R
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Former FTX CEO Sam Bankman-Fried convicted of fraud
Nov 03,2023
Former co-founder and CEO of crypto exchange FTX and trading firm Alameda Research, Sam Bankman-Fried, has been convicted of fraud. Twelve jurors in a New York jury unanimously reached the verdict on 2 November, where Bankman-Fried faced allegations ...
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Swiss Federal Department of Finance plans to regulate fintech
Nov 02,2023
Swiss Federal Department of Finance (FDF) outlined itsplans to regulate fintech with an eye to introduce legislation sometime next year.  The FDF should conduct additional clarifications in cooperation with the interested authorities on reducing...
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Visa is preparing a blockchain-based digital identity system for cross-border payments
Nov 01,2023
Payment service giant Visa is preparing its solution for identification for cross-border payments in collaboration with IBM. The solution is calledB2B Connect, and it will deploy the hyperledger blockchain solution. Hyperledger is a project of open s...
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Britain plans regulations for cryptoassets
Oct 31,2023
Britain has announced plans to introduce its first set of regulations for the cryptocurrency sector, which would require market players to obtain authorization before offering services to its consumers. The rules will focus on crypto assets like bitc...
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The cryptocurrency industry in Japan is granted a self-regulatory status
Oct 24,2023
The Japanese Virtual Currency Exchange Association (JVCEA) has received permission from the Japanese Financial Services Agency (FSA)to police and sanction virtual exchanges for any misconduct or violation. In this way, the JVCEA is permitted to make ...
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