Follow us on Google News The governor of the Hungarian Central Bank, György Matolcsy, has called for a ban on cryptocurrency activity in the EU. All crypto operations, including trading and mining, should be forbidden in European countries, according to…
Follow us on Google News Key Takeaways: Matolcsy seeks a complete ban on crypto, like China. The governor supports Russia’s proposal to ban crypto trading and its mining. He is concerned about the illegal activities that digital currencies can fund. …
Follow us on Google News The Central Bank of Ireland, which controls foreign funds with over €4 trillion in assets, warned on Tuesday that allowing funds aimed at non-professional investors to engage in cryptocurrencies is “very improbable” since they are “extremely dangerous and speculative.” The comment, which appears in the regulator’s second annual Securities Risk Outlook Report, primarily concerns mutual funds known as Undertakings for Collective Investment in Transferable Securities (Ucits), which cater to retail investors and account for roughly three-quarters of Irish-domiciled funds. According to the survey, whether Ucits and another type of fund called Alternative Investment Funds (Aifs), primarily aimed at professional investors, can invest in digital or crypto-related assets have increased in recent months.…
Follow us on Google News Key Takeaways: Zimbabwe’s central bank announced yesterday that it is investigating the feasibility of launching its own digital currency (CBDC). The bank also claimed that interest in its regulatory sandbox continues to grow. Zimbabwe’s central…
Follow us on Google News The local utility has announced power cuts for miners in Kazakhstan. As a result, Crypto farms will remain unplugged until February 7. According to the company, the main reason for the measure, which was supposed…
Follow us on Google News Key Takeaways: According to Russian online marketplaces, Mining hardware is now more frequently offered than sought. The trend began this month when the Central Bank of Russia (CBR) issued a consultation paper. The regulator proposed…
Kazakhstan, the world’s second-largest Bitcoin miner, has announced that its crypto mines will be shut down until the end of January. After millions were affected by power outages across three Central Asian countries last week, the state electricity provider KEGOC…
Follow us on Google News Key Takeaways: Venezuelan cryptocurrency watchdog Sunacrip has suspended the operating licenses of two exchanges. On January 26, the institution announced that it had revoked the trading licences of two exchange platforms. The operating licenses were…
Follow us on Google News Key Takeaways: (SEC) is investigating crypto companies that pay interest on virtual token deposits. The agency is thinking about whether or not those companies need to record their services as securities. Firms are cooperating with…
Follow us on Google News Key Takeaways: The Thai Securities and Exchange Commission (SEC) has also recommended a set of guidelines to limit the usage of digital assets for payment purposes. Thailand’s financial regulators intend to restrict the use of…
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