El Salvador’s Economy Minister, Maria Luisa Hayem Brevé, has proposed a Digital Assets Issuance Bill. In this extensive document, a legal framework for the acceptance of all cryptocurrencies in El Salvador has been formally detailed and laid out. 🚨#ULTIMAHORA🚨@nayibbukele presenta al congreso de el Salvador 🇸🇻 la PRIMERA LEY DE ACTIVOS DIGITALES⚖️ Con esto se...Read More
There are a lot of obstacles on the future road of the crypto space. Some prominent names consider the space a digital money bank, while some don’t even consider cryptocurrency money. Today, a court in South Korea has made it clear that any legal interest limit that applies to traditional money loans does not apply...Read More
Singapore might consider new rules and regulations to protect consumers amid the cryptocurrency market crash and sell-off that resulted in a string of dramatic incidents involving high-profile crypto blowups. According to a senior government minister, the Monetary Authority of Singapore (MAS) is thinking about adding more restrictions on how the general public can use cryptocurrencies....Read More
Mexican Senator, Indira Kempis, proposed a bill in the assemble to make Bitcoin legal tender in the country. The reason given by the senator is that it will bridge the gap between access to financial products and education for the Mexican citizens. Although Kempis had presented two proposals for law change in assembly in April...Read More
Recently the South Korean News channel has reported that the country is transforming its responsibility for the crash of crypto Terra, LUNA, and algorithmic stablecoin terra USD (UST) into crypto exchanges. Following the collapse of stablecoin TerraUSD and LUNA, the Korean government is now planning to impose tougher regulations on virtual currencies, including a unified...Read More
Central Africa’s banking regulator sent out a reminder on Friday about its ban on cryptocurrency, Just a week after the Central African Republic made a bitcoin legal tender. The Banking Commission of Central Africa (COBAC) which regulates the banking sector almost in six-nation, Economics and Monetary Community of Central Africa (CEMAC), said that the ban...Read More
The Crypto mom, Hester Pierce said that Stablecoins regulatory moments should be allowed for trial and error and, also a room for failure. Hester Pierce, the SEC’s commissioner, has backed a regulatory framework for stablecoins. She also hosted an online panel on May 12th by financial think-tank the official Monetary and Financial Institutions Forum(OMFIF). Pierce,...Read More
A dollar pegged stablecoin, TerraUSD has lost its peg twice over the past few days and has not recovered yet. The algorithmic stablecoin broke its peg this Monday again, hence it is necessary for regulators to have a look at this particular model of stablecoin. The collapse of TerraUSD has come up with several risks...Read More
