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In today’s digital age, cryptocurrencies are securely housed across the globe in various types of wallets. Whether through software or hardware, custodial or non-custodial, each wallet type offers unique benefits and potential drawbacks.
Four senior US officials in the White House have called on the US Congress to ‘step up its efforts’ in regulating the cryptocurrency market.
The crypto industry has been on a white-knuckle rollercoaster over the last few years. Establishing a market presence back in 2013, the price of Bitcoin rose from just over $10,000 in 2017 to over $61,000 in October 2021. However, the market is now experiencing a bust. Was a failure to regulation to blame?
The Monetary Authority of Singapore (MAS) has claimed it will not rule out adding further restrictions on retail crypto-traders as well as amending existing legislation.
Finance ministers and central bank governors from the G7 have called on the cryptocurrency industry to receive swift and comprehensive regulation.
South Korea’s government has revealed it is planning to enforce all-inclusive regulations for the digital currency industry in 2024.
The OECD has released a consultation document concerning a new global tax transparency framework to provide the reporting and exchange of information of crypto assets.
A range of cryptocurrency businesses could be forced to leave the UK market if they fail to register with the Financial Conduct Authority by Thursday this week.