The Financial Action Task Force (FATF) is looking to ramp up the pressure on countries to adopt crypto regulations – and its updated guidance has made mention of non-fungible tokens (NFTs), decentralized finance (DeFi), peer-to-peer (P2P) trading, and stablecoins for the first time. The FATF published their report Friday on how best to tackle the…

In Indonesia, a provincial branch of one the largest Islamic organizations has declared cryptocurrency “haram,” i.e., forbidden under religious law. The decision came as a result of heated discussions with an invited crypto expert. However, the Indonesian government indicated that the country is not planning to follow in China’s footsteps imposing a wide ban on…

The largest US banks are pleading with regulators for a way to work with cryptoassets. It has sparked a debate on what the boundaries for the new asset class should be. In the meantime, one American bank has already taken a risk and started working with crypto. On September 21, an advocacy group Financial Services…

Investors poured a record $1.5 billion into the cryptocurrency market last week, as the first-ever Bitcoin ETF kicked off trading, with the underlying asset itself hitting an all-time high, digital asset manager CoinShares’ report said on Monday. The 10th straight week of inflows was also the largest ever, far surpassing the prior weekly record of…

As legislation threatens to allow centralization to creep into the DeFi space, regulation could have complex effects on the adoption – reveals Anupam Varshney’s study on Cointelegraph. Decentralized finance (DeFi) is shaping up to be one of the most important sectors within the blockchain industry. In just the last two years, DeFi’s total value locked…

It seems that the crypto community has taken a big step towards one critical realization: Trading on a cryptocurrency exchange in hopes of getting rich only benefits the exchange itself. In the news feeds I’ve read recently, it appears that everyone, without exception, has had a take on a story of the hamster that traded…