Mykyta Grechyna
According to the 2022 cryptocurrency market research conducted by Chainanalysis, Latin America is the second largest region of the world after the Middle East & North Africa for year-over-year cryptocurrency transactions volume growth rate, with Brazil, Argentina, Mexico, Colombia, and Honduras being most active countries in terms of transacti...
27 December 2022 /regulation /crypto Bitcoin payments
On 11 November 2022, the FTX group of companies, including quantitative trading firm Alameda Research, co-founded in September 2017 by Sam Bankman-Fried, and approximately 130 additional affiliated companies initiated voluntary proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware, United States. The FTX has...
22 November 2022 /regulation /crypto Bitcoin payments
In view of the recent publishing by the Financial Stability Board (FSB) of the report on the proposed framework for international regulation of the cryptocurrency industry, which was a result of FSB’s research of the topic as was mandated by the G20, some market players also have expressed their thoughts on this hot topic. The FSB’s proposes that ...
01 November 2022 /regulation /crypto Bitcoin payments
On 16 September 2022, the White House has published draft of the regulation framework for the cryptocurrency industry. It was a result of President Biden's executive order directing the US governmental agencies to coordinate their efforts in regulating cryptocurrency sector. The key goals behind the regulation included adoption of consumer protect...
27 September 2022 /regulation /crypto Banking Strategy, Digital and Transformation
Recently, the European Parliament and the European Commission have provisionally agreed on the regulation project aimed at the cryptocurrency market called Markets in Crypto-Asset Regulation (MiCA). We can already notice certain principles by which respective authorities worldwide will highly likely regulate the crypto asset projects. MiCA is the ...
12 August 2022 /crypto Innovation in Financial Services
This year the Law of Ukraine on Payment Services (“LPS”) enters into force marking a new chapter in the country’s financial business environment and regulation. LPS introduces description, framework of operation and regulation of contemporary financial technologies, including electronic money, payment networks and Central Bank Digital Currency (CB...
07 July 2022 /payments The Payments Business
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