British Financial Conduct Authority (FCA) stated cryptocurrency exchanges must play their part in ensuring sanctions are complied with. According to updated guidance from the Treasury’s Office of Financial Sanctions Implementation (OFSI), the agency ordered crypto exchanges to report sanction breaches in the UK. The UK Treasury’s Office of Financial Sanctions Implementation (OFSI) has updated on…

Breaking crypto news from the last week (Aug. 27 –Sept. 2, 2022): Aug. 27: Forbes’s new analysis of 157 crypto exchanges reveals that 51% of the daily Bitcoin trading volume is likely fake. “Wash trading” also benefits exchanges, allowing them to appear to have more volume than they actually do and encouraging more legitimate trading….

Saudi Arabia’s banking regulator appointed Mohsen Al Zahrani to lead its virtual assets and central bank digital currency (CBDC) program, reflecting the Gulf state’s potential crypto ambitions. So far, Saudi Arabia has taken a more cautious approach to virtual assets, with officials raising concerns about their speculative nature. Yet the emergence of the neighboring UAE…

Future Banks Summit KSA 2022 to reveal the future digital innovations in Saudi Arabia’s banking Following the success of the first two editions of Future Banks Summit (FBS), Verve Management announced the 3rd Edition of Future Banks Summit on 27-28 September 2022 at Riyadh Airport Marriott Hotel, Saudi Arabia. (Source: http://ksa.futurebanksummit.com/ ) Future Banks Summit…

Crypto exchange Crypto.com has pulled out of a $495-million sponsorship deal with the Union of European Football Association (UEFA) Champions League, citing legal issues it’s facing in some EU countries. Although, Crypto.com lasts a sponsorship for the FIFA 2022 Qatar World Cup, which runs in Qatar from November 21 to December 18. According to SportBusiness,…

The blockchain isn’t just cryptocurrency, and Market Research Future says it’s growing quickly — explains Ray Fernandez on TechRepublic. In 2023, the Web3.0 blockchain technology sector will be worth more than six trillion dollars, according to Market Research Future, and Web3.0 will continue to grow at a CAGR of 44.6% from 2023 to 2030. Because…