The finance ministry today announced that cryptocurrency transactions would now come under the ambit of money laundering provisions. In a notification, the government said that participation in transactions involving virtual digital assets would be under the Prevention of Money Laundering Act (PMLA). The move is the latest step taken by
Late last year, as crypto markets were struggling to regain their footing, the world’s biggest cryptocurrency exchange quietly moved $1.8 billion of collateral meant to back its customers’ stablecoins, putting the assets to other undisclosed uses. They did this without informing their customers. According to blockchain data examined by Forbes,
A report from the International Monetary Fund (IMF) in September 2022, co-authored by BIS Chief Carstens, identifies three shortcomings that preclude cryptocurrencies from serving as a “sound basis for the monetary system,” which shows how fiat money has won the battle against cryptocurrencies.
The original Treasury report released in September 2022 described the formation of a CBDC working group, and now they are discussing potential routes for the digital dollar.
The Securities and Exchange Commission charged Indian-origin engineer Nishad Singh, who was the co-lead engineer for FTX, and he decided to plead guilty to commodities fraud and other charges.
A Coinbase representative stated that the suspension of BUSD trading will begin on March 13 because it was determined that BUSD no longer met their listing standards.
Without any explanation, crypto exchange Binance said that it would suspend U.S. dollar transfers, but the company’s subsidiary, Binance US, stated in a tweet that it is unaffected by the ban.
Welcome to the world of Binance Smart Chain. This is the ultimate beginner’s guide to the two most powerful cryptocurrencies in the world: Binance Coin (BNB) and Binance Smart Chain (BSC).
A blog post was co-written by national security adviser Jake Sullivan, director of the National Economic Council Brian Deese, director of the Office of Science and Technology Policy Arati Prabhakar, and chair of the Council of Economic Advisors Cecilia Rouse on the official White House website targets cryptocurrencies and calls
