UK Government Plans to Bring New Rules for Stablecoins, Crypto Staking in Next Six Months

UK Government Plans to Bring New Rules for Stablecoins, Crypto Staking in Next Six Months

ByNews Polite

The UK government plans to get new rules governing stablecoins and staking services for cryptoassets approved by lawmakers within the next six months as pressure ratchets up to deliver on specific proposals ahead of an impending general election. Economic Secretary to the Treasury Bim Afolami, speaking at an industry event…

Crypto Reporting Framework Discussed During G20, Decision Taken on Swift Implementation

Crypto Reporting Framework Discussed During G20, Decision Taken on Swift Implementation

ByNews Polite

The G-20 leaders on Saturday decided on swift implementation of the reporting framework for crypto assets, saying a significant number of member nations want information exchange on such non-financial assets to start by 2027.  The Crypto Asset Reporting Framework (CARF) or template is being developed to make sure that such…

PayPal to Stop Sale of Cryptocurrencies in the UK Until 2024: Details

PayPal to Stop Sale of Cryptocurrencies in the UK Until 2024: Details

ByNews Polite

Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain’s financial regulator is due to bring in tougher rules to limit how crypto is advertised to British consumers, including requiring crypto firms…

Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth $90 Billion in Banned China Market

Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth $90 Billion in Banned China Market

ByNews Polite

Binance users traded $90 billion (roughly Rs. 7,42,800 crore) of cryptocurrency-related assets in a single month in China, where cryptocurrency trading has been illegal since 2021, the Wall Street Journal reported on Tuesday citing internal figures and current and former employees of the exchange. The transactions made China Binance’s biggest…

Bank of Israel Seeks Task of Supervising Stable Crypto Assets, Here’s What’s Brewing

Bank of Israel Seeks Task of Supervising Stable Crypto Assets, Here’s What’s Brewing

ByNews Polite

The stir around crypto regulations has intensified around the globe. Israel is the latest nation to join the list of countries that have accelerated their efforts around regulating the digital assets sector. Israel’s ministry of finance is now assessing the threats and challenges associated with the volatile industry, in order…