Tag: Regulations

Panama’s National Assembly passed a bill to regulate the use and commercialization of crypto assets in the country. The bill will also make it possible for people to pay their taxes in crypto. Now, it only needs to be signed by President Laurentino Cortizo to become law. The bill, which was approved in the assembly…

Digital assets present both opportunities and challenges that the regulators have to deal with, says Raghuram G. Rajan, former governor of the Reserve Bank of India. A well-functioning financial system is a key component of any successful economy. Without efficient payments and broadly accessible financial services, people cannot engage easily in commerce, save for a…

Brazil, the largest South American country, is joining the first movers to regulate cryptocurrencies. The Brazillian senate has passed a bill to regulate cryptocurrencies in the country on April 27. The bill yet must first be passed by the Chamber of Deputies before President Jair Bolsonaro signs it into law. The bill aims at creating…

Kraken has become the first crypto exchange to be granted a license to operate a regulated digital assets platform in Abu Dhabi, as the Middle East becomes a focus for the crypto industry. The exchange will allow its users to invest, trade, and withdraw virtual assets directly in the United Arab Emirates dirhams (AED). US…

On Tuesday, The International Monetary Fund (IMF) issued a report on global financial stability, detailing how a spike in crypto trading could disrupt the global financial system and demanding “strengthening macroeconomic policies.” Also, the war in Ukraine is revealing the risks of crypto payment systems, the IMF said. The IMF has published the “Global Financial…

As crypto adoption continues to rise at unprecedented levels, Stephen Stonberg, CEO of cryptocurrency exchange Bittrex Global, sees the growth of the crypto sector as ‘too big to ignore’ for traditional financial institutions. Just regulatory clarity would provide added impetus to it, he suggests. Crypto adoption continues to rise at unprecedented levels, with expanding use…