Category: Cryptocurrency Adoption
-
A Societe Generale subsidiary in France, the third-largest bank, has been registered as a provider of digital asset services.
The third-largest bank in France’s subsidiary, Societe Generale-Forge, has been registered as a provider of digital asset services with the Autorité des marchés financiers (AMF), the country’s financial markets watchdog. Societe Generale’s Subsidiary Registers as Digital Asset Service Provider The French financial regulator, the Autorité des marchés financiers, has now registered Societe Generale-Forge, Societe…
-
EU Commissioner: “We Need to Look at Global Regulation of Crypto,” Urging the US to Develop New Crypto Rules
According to reports, the financial services commissioner of the European Commission urged American legislators to create new regulations for the cryptocurrency sector. We do require other parties to enact legislation. We must consider international crypto regulation, the commissioner said. EU Commissioner Calls on U.S. Lawmakers to Establish New Crypto Rules In an interview with the…
-
Report: A bill to make digital currencies legal tender is being discussed in Macau
According to a report, Macau, one of China’s special administrative regions, recently finished debating a bill that would make digital currencies legal tender. A fine of between $123 and $1,230 may be imposed on those who refuse to accept legal tender, according to the report. Improving Macau’s Legal System An executive council of Macau, a…
-
Vietnamese, Filipino, Indian, and Chinese Chainalysis Global Index Identifies Top Countries for Crypto Adoption
Chainalysis, a company that analyzes blockchain data, has released its 2022 cryptocurrency adoption index. The nations with the highest adoption of cryptocurrencies include Vietnam, the Philippines, India, and China. Even though global adoption slows overall in downturns, it “remains above pre-bull market levels,” the company said. Chainalysis’ Latest Cryptocurrency Adoption Index On Wednesday, Chainalysis released…
-
Uruguay presents a cryptocurrency law to the legislature
The Uruguayan Parliament has been presented with a new cryptocurrency bill project by the executive branch. By giving the Central Bank of Uruguay authority over cryptocurrency assets, amending its organic charter, and establishing the Superintendence of Financial Services as the body to regulate virtual asset service providers, the bill aims to clarify how crypto assets…
-
Dubai Regulator Releases Guidelines for Virtual Assets Marketing and Advertising
The Virtual Asset Regulatory Authority (VARA), Dubai’s virtual asset regulator, has released guidelines for digital asset marketing and promotion that are applicable to any entity using media outlets and publishing channels based in Dubai. The rules “ensure factual accuracy, explicitly demonstrate any promotional intent, and in no way misrepresent the guaranteed nature of their returns,”…
-
To combat tax evasion, Colombia intends to introduce digital currency.
The Colombian government made plans to introduce a virtual currency public. This new currency would have several goals, including reducing tax evasion and improving the traceability of citizen transactions. Restrictions on cash payments and transactions worth more than 10 million Colombian pesos ($2,400) would also be included in the proposed measure. To better understand and…
-
According to BBVA, Colombians Constitute 20% of Users of New Generation Crypto-Powered Accounts.
Latam users are very interested in BBVA’s crypto-powered solutions, according to a recent article published by the private bank with headquarters in Spain. According to the institution, nearly 20% of the users of their New Gen accounts, which are accessible from Switzerland, are Colombians drawn to the crypto services these accounts provide. Due to the…
-
Industry claims that Ukraine’s new fiat restrictions will increase the popularity of cryptocurrencies.
The fixed rate of the national currency in U.S. dollars has been modified by the central bank of Ukraine, and stricter restrictions on hryvnia transactions for citizens have been put in place. According to a representative of the local cryptocurrency industry, the measures are probably going to encourage more Ukrainians to use cryptocurrencies. New regulations…
-
Russia Issues Digital Token to Encourage Palladium Investments
With the introduction of a palladium token, transactions involving digital assets backed by precious metals are now possible in Russia. The rare metal is not a publicly accessible asset in the Russian Federation but is used in jewelry and has some high-tech applications. Rosbank and the Russian division of Atomyze, a platform that specializes in…