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UK Crypto Vision
The UK government’s vision to become a global hub for cryptocurrency and fintech innovation is more than a mere aspiration. It’s a strategic move that aims to position the UK at the forefront of the rapidly evolving digital economy. A recently published report titled “Realising Government’s Vision for the UK to Become a Global Hub […]
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Crypto Travel Rule – Are you ready?
The world of cryptocurrencies is evolving rapidly, and with it, the regulatory landscape. One of the most significant regulatory developments in recent years is the introduction of the Crypto Travel Rule. This rule, issued by the Financial Action Task Force (FATF), has far-reaching implications for everyone involved in the crypto space, from exchanges to everyday […]
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Bitcoin Pizza Day: A Slice of Cryptocurrency History
Bitcoin Pizza Day, celebrated every year on May 22nd, is a remarkable event in the cryptocurrency world. It marks the first real-world transaction using Bitcoin, where a programmer named Laszlo Hanyecz paid 10,000 Bitcoins for two pizzas. Today, those Bitcoins would be worth hundreds of millions of dollars, making it the most expensive pizza ever […]
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CBDC: Ripple Unveils Platform for Central Banks
Ripple has announced the launch of a central bank digital currency (CBDC) platform. This innovative solution empowers central banks, governments, and financial institutions to issue their own digital currencies, revolutionising the financial landscape. Empowering Central Banks with Customisable CBDC Life Cycle Ripple’s CBDC platform provides central banks and governments with comprehensive tools to manage their […]
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Crypto Trading: UK Suggests Gambling Regulation
In a House of Commons Treasury Committee report titled “Regulating Crypto”, the UK Treasury Committee has provided analysis of the crypto landscape, acknowledging both the potential benefits and risks of cryptoassets. However, the contents may concern many in both the crypto and gambling industries, particularly regarding crypto trading. Promise of Cryptoassets The report highlights the […]
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China to Train 500k Blockchain Professionals
China has launched a national blockchain research centre in Beijing, with an ambitious goal to train 500,000 industry professionals. The facility, authorised by the Ministry of Science and Technology, intends to collaborate with educational institutions, research institutes, and businesses to cultivate talent and bolster China’s digital economy, as reported by Xinhua. The China Blockchain Research […]
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Introduction to Indirect Banking in the Crypto Industry
Esteban Gamboa, Senior Compliance Officer for SolutionsHub, discusses the role, benefits, and challenges of banking intermediaries for the crypto sector. The sector has encountered substantial obstacles in accessing conventional banking services. Regulators warnings and failures have made many banks hesitant to collaborate with cryptocurrency clients. However, some intermediaries have emerged to assist, enabling banking services […]
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Digital Yuan Update: Bank of China drafts BNP Paribas to enhance Digital Yuan
BNP Paribas, a French banking leader, is joining forces with the Bank of China (BOC) to facilitate the use of China’s digital currency, the digital yuan (e-CNY), among its corporate clients, as reported by the South China Morning Post. This partnership is a signifiant milestone since China’s Central Bank spearheaded a pilot of the digital […]
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The Importance of Professionalising Crypto Syndicates into Private Exempt Schemes
The cryptocurrency market has experienced exponential growth, attracting a wide range of investors, including individuals and institutions. One popular way for individual investors to participate in the market is through crypto syndicates. Crypto Syndicates are groups that pool their resources to invest in cryptocurrencies and blockchain projects, aiming to generate significant returns. As the market […]
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Unraveling the EU’s MiCA Regulation: Implications and Impact on Crypto-Asset Service Providers
The European Union (EU) is on the cusp of adopting some of the most comprehensive and far-reaching regulations related to crypto-assets. The proposed Markets in Crypto-Assets Regulation (MiCA) could potentially set the standard for other jurisdictions across the globe. Presented by the European Commission in 2020, MiCA is part of a more extensive digital finance […]
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FinTech Innovation Challenge Finale Date
Digital Isle of Man to Host Full-Day Conference and Expo Featuring Global Tech Solutions. The Digital Isle of Man will host the FinTech Innovation Challenge Finale on Thursday, June 29, 2023, at the Comis Hotel & Golf Resort, Mount Murray. The challenge, which commenced last November, provided a platform for businesses worldwide to expand their […]
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EU Parliament Paves the Way for Groundbreaking Crypto Legislation, MiCA, to Launch in 2024
The European Union (EU) Parliament has approved the pioneering Markets in Crypto-Assets (MiCA) regulation in a 517-38 vote, making it the first major jurisdiction to establish a comprehensive crypto law. Additionally, the EU Parliament voted 529-29 in favor of the Transfer of Funds regulation, a separate law that requires crypto operators to identify their customers, […]
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