The UK recently announced its intentions to regulate crypto in order to ensure its “safe adoption”. We analyze what this means for the region and for crypto assets.
The aforementioned Financial Services and Markets Bill, which would possibly include the guidelines for stablecoins, occurred as a part of the Queen’s Speech — a package of 38 legislative projects that was announced to the Parliament on May 10.
The Eastern end of Government Offices Great George St, where Her Majesty's Treasury is located. Source: Carlos Delgado “It’s not that existing powers cannot seize the ransomware money, but Anti-Money Laundering legislation enacted in 2002 way before crypto was incepted, is perhaps just not fit for purpose in the cryptoverse.”
“It’s vital people that have a position they can move to for safety, with regulated stablecoins we can move into a T0 settlement world and reduce the burden on the creaking and fragile traditional infrastructures.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Latam Cryptocurrency Exchange Bitso Announces Layoffs Amidst Expansion to Colombia – Bitcoin NewsBitso, one of the first cryptocurrency unicorns in Latam, has announced it is taking measures to preserve the operations of the company during this market downturn.
Baca lebih lajut »
San Jose announces new policy to immediately place employees accused of criminal conduct on leaveThe move follows recent incidents involving a former code enforcement inspector and an officer.
Baca lebih lajut »
UK Crypto Hedge Fund Weathers Market Storm With Arbitrage StrategyNickel Digital Asset Management’s arbitrage fund is only down about 0.6% this year, compared to bitcoin’s drop of roughly 40% and the Nasdaq’s dip of 24%.
Baca lebih lajut »
A16z Launches $4.5 Billion Crypto Fund Focused on Web3 Opportunities – Bitcoin NewsA16z, one of the most active VC firms in crypto, has revealed it is launching yet another investment fund, which will put $4.5 billion behind the growth of Web3 startups at any growth stage.
Baca lebih lajut »
Staking and Savings on Crypto.com - Everything You Need to Know | CoinMarketCap.cryptocom offers numerous products and services that allow you to earn passive income 💪 Today, CMCAlexandria will deep dive into staking and savings options offered by the exchange.
Baca lebih lajut »
What's the Crypto 'Travel Rule,' and What Does It Mean for You?The measure is essential to prevent bad actors from using digital assets to launder money. It affects everyone who dabbles in cryptocurrencies from exchanges to everyday investors.
Baca lebih lajut »