Bridging the gap between the crypto firms and the banks, the banking regulator OCC allowed all federally registered banks to offer reserve funds for stablecoins. However, it has asked the banks to maintain due diligence and caution.
With the growing demand and importance of Bitcoin and cryptocurrencies, we can expect 2021 to be a year where we see larger adoption. Moreover, with the rise in DeFi and online casinos, crypto transactions are bound to grow simultaneously.
The People’s Bank of China (PBoC) said that the wish to take the first-mover-advantage in the race for digital currency and reduce its dependency on the Digital Dollar.
WorldCoinIndex Derivatives Report 2020 – Week 38
Uniswap plans to distribute around 1 billion UNI tokens over the next four years. The platform rewarded all wallets holder 400 UNI who interacted with the Uniswap protocol before September 1.
The state of Wyoming has granted a license to Kraken Financial to provide crypto banking services under SDPI rules as well as following other federal and state laws.
Hester Pierce said there is a need of the regulatory safe harbour serving the best interest of investors and the SEC without stifling innovation.
Regulatory body CSBS announced that they aim to bring a common money transmitter license for businesses valid across all state of U.S. thereby streamlining the entire process for financial companies including crypto firms.
The EU member states have called for strict laws that uphold the sovereignty of the region’s monetary policies while protecting its citizens.
In a newly released proposal, the IRS has invited contractors and individuals to create a tracking tool that can trace all transactions in Monero.