Argentina’s new President, Javier Milei, has wasted no time in implementing a libertarian economic agenda. In a bold move, he has issued over 350 economic deregulations aimed at removing barriers in various industries. One of these deregulations is the acceptance of Bitcoin and other cryptocurrencies as legitimate means of payment for contracts.Chancellor Diana Mondino has […]
Arthur Hayes, the co-founder and former CEO of BitMEX, has highlighted potential arbitrage opportunities arising from the SEC’s concerns regarding crypto ETFs. Hayes explains that an ETF utilizing in-kind transactions would be a simpler option, as it wouldn’t directly impact Bitcoin trades. However, he points out that a cash-based ETF could lead to complexities and […]
The United Arab Emirates’ Financial Services Regulatory Authority (FSRA) has recently updated its Anti-Money Laundering (AML) and sanctions rules to include provisions for digital assets. This move aligns with the Financial Action Task Force’s (FATF) Travel Rule, which aims to increase transparency and reduce anonymity in cryptocurrency transactions. The updated rules require Virtual Asset Service […]
A British Virgin Islands court has issued a freeze on assets belonging to the founders of Three Arrows Capital (3AC), a major crypto firm. The court order, which follows a similar move by the Singapore Court, effectively locks out over $1.1 billion of assets from 3AC co-founders Su Zhu and Kyle Davies, as well as […]
A British Virgin Islands court has issued a freeze on assets belonging to the founders of Three Arrows Capital (3AC), a major crypto firm. The court order, which follows a similar move by the Singapore Court, effectively locks out over $1.1 billion of assets from 3AC co-founders Su Zhu and Kyle Davies, as well as […]
The Swiss Federal Councillor Karin Keller-Sutter and the British Chancellor Jeremy Hunt have signed the “Berne Financial Services Agreement” to bring the two financial centers closer together. The agreement aims to strengthen competitiveness and promote close cooperation between Switzerland and Great Britain in the areas of banking, securities services, insurance, asset management, and financial market […]
A court in the British Virgin Islands has frozen $1 billion in assets belonging to the founders of collapsed crypto hedge fund, Three Arrows Capital (3AC). The court order prohibits co-founders Su Zhu and Kyle Davies, as well as Davies’ wife, from transferring or selling assets worth over $1 billion.According to liquidators Teneo, 3AC owes […]
Finpact, a spin-off of the University of St. Gallen, has been granted a license as an asset manager by the financial regulator. The company specializes in digital wealth management for customers aged 50 and above, catering to capital payouts, inheritances, and savings. The license from the Swiss Financial Market Supervisory Authority (Finma) is seen as […]
Revolut, a digital bank, has announced that it will suspend some of its cryptocurrency services for its business clients in the United Kingdom. This decision comes as the company prepares for stricter regulations from the Financial Conduct Authority (FCA).Starting from January 3, 2024, Revolut will pause the ability of its UK customers to buy cryptocurrency […]
Russia has taken a significant step towards the implementation of its central bank digital currency (CBDC), the digital ruble, by integrating it into the nation’s tax code. President Vladimir Putin signed the new legislation into law, which aims to regulate the use and taxation of the upcoming CBDC. The tax code includes a definition of […]
