MoonPay Technology Services Limited has been successful in its registration as a Virtual Asset Service Provider (VASP) in Ireland, with the Central Bank providing approval in August. “Since its inception,” wrote CEO Ivan Soto-Wright, “MoonPay has been steadfast in our resolve to protect our customers from financial crime, fraud, and cyber threats, while ensuring a […]
A UK initiative to digitise trade documents could make use of technologies that underlie crypto, the government has said. The Electronic Trade Documents Act 2023, which officially became law on July 20, stands to reverse centuries-old merchant laws to allow trade documents to be stored and distributed digitally, reports Coindesk. The laws are set to […]
Bitcoin Is not crypto, SEC confirms
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Talk to a bitcoin maximalist – someone who believes that bitcoin is the only digital asset with innate value – and, more likely than not, they’ll tell you the world’s oldest cryptocurrency is, in fact, ‘not crypto’ at all, writes Forbes. The refrain can be confusing: clearly, bitcoin pioneered the use of cryptography – an […]
With the Markets in Crypto-Assets Regulation (MiCAR) in force since 29 June 2023, the Central Bank of Ireland is inviting firms to participate in a short survey to help it: The survey can be accessed here: https://centralbankofireland.qualtrics.com/jfe/form/SV_3fT3SAJrg5lYYJw The survey is aimed only at firms that intend to perform activities which will be regulated under MiCAR. […]
Ripple scored a partial victory in its fight with the US Securities and Exchange Commission in a court ruling that brought a modicum of regulatory clarity for the cryptocurrency industry, reports Coindesk. The sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts, the US District Court of the Southern […]
According to the European Commission, 20 projects have been selected in the first cohort to receive legal advice and regulatory guidance, reports Cointelegraph. Plans to set up a regulatory sandbox for blockchain technology were announced by the European Commission and the European Blockchain Partnership in 2020. The goal, according to the Commission, is to foster […]
The EU is set to take the next crucial step towards launching a digital version of the euro, a controversial project that has come under attack from the public, politicians and banks before it even exists, reports RTE News. From China to the United States, Jamaica to Japan, dozens of central banks worldwide are exploring […]
The European Union (EU) has reached a political agreement on changes to the Capital Requirements Regulation and Directive, including new regulations for crypto assets, reports Yahoo Finance. This move comes in response to lawmakers’ calls for stringent rules to prevent “unbacked cryptocurrencies” from infiltrating the traditional financial system. The announcement of this agreement was made […]