The European Banking Authority (EBA) has recently introduced a set of comprehensive guidelines aimed at addressing recovery plans for issuers of asset-referenced tokens (ARTs) and e-money tokens (EMTs) within the context of the broader Markets in Crypto-Assets (MiCA) regulation. These recovery plans are crucial for maintaining compliance with regulatory standards in the event that issuers
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The Zimbabwean government has taken a proactive step towards regulating the virtual asset industry by initiating a study to develop comprehensive regulations. This move was reported by the Zimbabwe Mail on June 12, indicating that a committee has been established to gather data from crypto companies operating within the country. The primary goal of this
In a move to bolster security measures and enhance compliance capabilities, BloFin Exchange, a well-known cryptocurrency trading platform, has partnered with the Chainalysis blockchain data platform. This integration is seen as a significant step towards ensuring the safety of the assets belonging to BloFin’s global user base. With over 320 contract trading pairs and 100
Crypto analyst Chad Steingraber has recently made a bold price prediction regarding XRP, stating that the crypto token could potentially reach three figures in the near future. He specifically mentioned in a social media post that XRP will hit $250 by 2025, marking a significant milestone for the cryptocurrency in this current bull run. Steingraber
In the midst of a market characterized by bullish momentum and various cryptocurrencies hitting new all-time highs, XRP has found itself stuck in a consolidation phase for the past couple of months. Despite this period of stagnation, recent positive developments within Ripple, the blockchain payment company connected to XRP, have reignited speculation about a potential
Bitcoin, the mysterious digital currency, is once again making headlines as the US banking system faces increasing pressure. Some experts believe that Bitcoin could reach $1 million per coin, driven by economic uncertainties, while others remain cautious. Supporters of Bitcoin argue that its limited supply and decentralized nature make it an ideal safe haven asset.
In a recent announcement on June 3, Binance revealed its plan to restrict the availability of “unregulated stablecoins” in the European Union by June 30. This decision comes in preparation for the implementation of the Markets in Crypto-Assets Regulation (MiCA), indicating that certain stablecoins currently in circulation may not comply with the upcoming regulatory framework.
Mastercard’s latest innovation, the “Crypto Credential” service, has officially been launched, marking a significant advancement in the world of cryptocurrency transactions. This new service aims to simplify peer-to-peer crypto transfers for the average user, eliminating the need for complicated blockchain addresses that are often difficult to understand. User-Friendly Aliases One of the key features of
The recent sentencing of former FTX executive Ryan Salame to 7.5 years in prison and a combined total of $11 million in forfeiture and restitution has sent shockwaves through the crypto exchange community. This harsh sentence comes after Salame pleaded guilty to operating an illegal money-transmitting business and making unlawful political contributions related to the
The recent events surrounding Binance, the largest shareholder of the South Korean cryptocurrency exchange Gopax, have led to substantial financial losses for investors. Despite Binance’s initial promise to fully compensate victims of the virtual asset deposit service ‘GoFi,’ the asset claims of Gopax victims were sold at less than half their face value on May