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England’s apex bank has led the charge in providing regulation for the growing asset cryptocurrency ecosystem. The framework ushers in an era of “equivalence” with cryptocurrency firms that offer financial services being subject to the same rules as banks.
Bitcoin continues to steer other cryptocurrencies on a bullish offensive moving into the weekend after a strong week, with the entire crypto market gaining well over $300 billion in the month.
Ukraine has launched a virtual NFT history museum aimed at chronicling the invasion by Russia. The war-ravaged nation intends to sell a series of non-fungible tokens (NFTs), with the profits from the sale going to the government’s Ministry of Digital Transformation.
Cryptocurrencies are enjoying the spotlight with more cities joining the train. The city of Portsmouth has seized the bull by the horn with the monumental announcement of allowing crypto payments for bills.
Indian crypto tax policy has become the talk of the town for crypto investors and exchange providers in recent weeks. In just one week, Indians will start paying a cumbersome 30% tax on the proceeds made on cryptocurrencies after the nation’s Parliament passed the proposal on Friday.
The resurgence across major cryptocurrencies comes even as the Russian stock market opens up for trading after shutting down for a month following a central bank decision after major stock indices slumped in the aftermath of the Ukrainian invasion.
Israel’s Bank Leumi is set to become the first banking institution in Israel to enable cryptocurrency trading for its clients, according to a Thursday Reuters report.
Larry Fink, the CEO of the world’s largest asset firm BlackRock, has suggested that the ongoing conflict between Ukraine and Russia could spark massive crypto adoption.
Thailand’s Securities and Exchange Commission said Wednesday that it has banned the use of cryptocurrencies as a payment method, citing the need to protect its economy and financial system’s stability as some of the reasons for the ban.
This new fund, which is the company’s 18th investment product and third diversified fund offering, will give institutional investors exposure to an array of leading smart contract networks.