UK, US, India, Singapore See More Crypto Regulations, New Crypto Sanctions on Russia + More News


Source: AdobeStock / Maksym Yemelyanov

Get your daily, bite-sized roundup of crypto assets and blockchain-related news, digging into the stories flying under the radar in today’s crypto news.

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Regulation News

  • Only five crypto companies: CEX.IO, copper technologies, overall block, revolutionY money brain stay in the United Kingdom Financial Conduct Authority (FCA) temporary registration list (TRR), able to trade while their applications are being considered by the regulator.
  • The United Kingdom Financial Conduct Authority (FCA) thrown out a three-year strategy to “improve outcomes for consumers and in markets” across the country, they said, where the key focus is “closing down troubled businesses that don’t meet basic regulatory standards.” They claim that this initiative will protect consumers from possible fraud and abuse, and create a better market.
  • The National Payments Corporation of India (NPCI) Announced that they were unaware of any cryptocurrency purchases using their Unified Payments Interface (UPI), a payment system designed to facilitate interbank transactions via mobile phones. They cite “some recent media reports” as the reason for the clarification. The clarification comes shortly after a major cryptocurrency exchange base of coins made its debut in India, claiming his platform was supported by the country’s UPI.
  • The Monetary Authority of Singapore (MAS) explained that its guidelines do not allow the marketing and advertising of digital payment token (DPT) services to retail consumers in Singapore, but advertisements to accredited and institutional investors are allowed if service providers can demonstrate how they are targeted only at these specific groups. of investors, for the times of the straits. Additionally, sponsorship of international events that are not held in Singapore but will be broadcast there are not in violation of the guidelines and may be permitted.
  • Member States of the European Union agreed ban the provision of high-value crypto asset services to Russia as part of a sanctions package imposed in response to the ukrainian war. They add that “[t]This will help close potential loopholes” in existing restrictions.
  • The United States Federal Deposit Insurance Corporation (FDIC) I ask banks to report on their cryptocurrency-related activities, citing potential security and soundness risks as well as financial stability concerns that may arise from exposure to crypto assets. The FDIC will review the information, ask further questions if necessary, and then issue “relevant supervisory comments,” they explained.
  • US performance Comptroller of the Currency Michael J Hsu saying that he believes “establishing an intentional architecture for stablecoins can help protect people and the dollar and reflect our values” in his remarks to the Institute of International Economic Law in Georgetown University Law Center. He added that other core values, including privacy, security and prevention of illicit financing, may also “warrant discussion and consideration.”

legal news

  • a new york State Supreme Court judge ruled in favor of crypto data center and power generation company Greenidge, stating that the project would not harm the environment. This comes after environmental companies filed a petition. saw club Y Guardian of Seneca Lake which stated that the projects could affect the air or water of Seneca Lake.
  • Hong Kong police have arrested a suspected triad member days after a crypto trader was scammed out of HKD800,000 ($102,070) in a bogus trade. Tether (USDT) transaction that took place last weekend, according to the South China Morning Post. The suspect was detained on suspicion of obtaining property by deception after being detained at a public housing flat where officers seized around HKD 40,000 (USD 5,100) believed to be the proceeds of the crime.

news exchanges

  • kraken CEO, Jesse Powell retweeted that the exchange will close its global headquarters at 548 Market Street, in downtown San Francisco, USA. The tweet, first shared by political commentator Richie Greenberg, alleges that “numerous employees were attacked, harassed and robbed on their way to and from the office.

adoption news

  • Digital identity verification technology company netki and crypto exchange software Alpha Point Announced their partnership to implement macro-scale crypto asset onboarding projects. They had previously worked together on the Goat wallet, used for Bitcoin (BTC) Deployment in El Salvador.

investment news

  • non-profit organization Moon Foundation Guardwhich is behind the Earth (MOON) blockchain Project, Announced a USD 100 million treasury swap with the avalanche foundationthe organization behind the Avalanche (AVAX) draft. They said this makes AVAX the first major crypto asset beyond BTC to be added to their pool.
  • Alex Kriete, Greg Girasole and Frank Cavallo, all former executives of the banking giant citihave formed a new investment management firm dedicated to crypto called Motus Capital.
  • digital stock exchange ADDX has launched an institutional service called ADDX Advantage for wealth managers, corporate treasuries and family offices.
  • earnings platform community games high $16 million in an oversubscribed Series A funding round led by SoftBank Group through its SB Opportunity Fund. With the new funds, the platform seeks to expand its product offering.
  • Crypto lending network Celsius (cell) Announced he now owns over BTC 150,000 and has paid bounties of nearly BTC 6,100 to his community.
  • Sam Bankman-Fried, the founder and CEO of crypto exchange FTXplans to give away most of his $20bn fortune, for Financial Post.