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US: New Bill Proposes Exhaustive Regulatory Framework for Stablecoins

U.S. Treasury Secretary Janet Yellen Convenes Meeting to Discuss Stablecoins

U.S. Treasury Secretary Janet Yellen Convenes Meeting to Discuss StablecoinsThe regulator noose continues to tighten around stablecoins. New Bill Seeks Complete Control Over Fiat-Pegged Stablecoins A new bill floated by U.S. House Democrat Don Beyer of Virginia seeks to establish a thorough and far-reaching regulatory framework around dollar-pegged stablecoins. Dubbed “The Digital Asset Market Structure and Investor Protection Act of 2021”, the bill talks

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Source: BTC Manager

Germany Green Lights Massive Institutional Crypto Investment with New Law

Germany to Allow Institutional Funds to Hold up to 20% in Crypto

Germany to Allow Institutional Funds to Hold up to 20% in CryptoInstitutional funds in Germany would be able to allocate a portion of their portfolio into crypto-assets, following a new law that would take effect in August. Institutional Funds to Hold up to a Fifth of their Assets in Crypto According to Bloomberg on Friday (July 30, 2021), The Fund Allocation Act would come into effect

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Source: BTC Manager

MicroStrategy Pledges to Keep Buying Bitcoin (BTC)

MicroStrategy to Offer $400 Million in Bonds to Buy More Bitcoin

MicroStrategy to Offer $400 Million in Bonds to Buy More BitcoinMicroStrategy has revealed via its Q2 2021 Financial Results report released on July 29, 2021, that it plans to keep investing in its digital asset strategy even as its bitcoin (BTC) holdings are now well above 105,000. BTC. A Sterling Performance  Even with the current uncertainties in the cryptocurrency markets, MicroStrategy, the world’s largest independent,

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Source: BTC Manager

Can People Become Market Makers In The DeFi Market? Overview Of The Capabilities Of Janis Balodis’ Platform – DEXIMUM

generic DeFi illo

generic DeFi illoEach of the classics of trading was looking for his own Grail – a tool with which it would be possible to change the world and beat the global financial system. The result of which was a loss of 97% of traders around the world.  Hundreds of years ago, Richard Wyckoff drew attention to the

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Source: BTC Manager

Synthetix Kwenta Alpha Launches on Optimism

The L2 Kwenta Alpha is now Live on Optimism

The L2 Kwenta Alpha is now Live on OptimismSynthetix’s Kwenta exchange has announced the launch of the L2 Kwenta Alpha on Optimistic Ethereum. The team says the L2 Alpha will enable both Synthetix and Kwenta users to learn more about trading synthetic assets on L2, while also enjoying up to 50x cheaper transaction fees, according to a blog post on July 30, 2021. Kwenta

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Source: BTC Manager

U.S. Authorities Set to Impose Stricter Crypto Taxes on Investors

South African Revenue Service (SARS) Intensify Efforts to Clampdown on Cryptocurrency Tax Evaders

South African Revenue Service (SARS) Intensify Efforts to Clampdown on Cryptocurrency Tax EvadersUnited States lawmakers are looking to impose stricter taxation rules on crypto investors, in a bid to milk out roughly $28 billion from the industry and use it to fund part of the proposed $1 trillion bipartisan infrastructure deal that aims to invest over half a trillion dollars in the country’s public works system, according

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Source: BTC Manager

BIS Unveils Blueprint for Instant Cross Border Payments System

BIS unveils cross border payment idea

BIS unveils cross border payment ideaThe Bank of International Settlements (BIS) has released the blueprint of its instant cross-border payments solution dubbed Nexus. The BIS Innovation Hub says the Nexus solution will connect with Instant Payment Systems (IPSs) across nations to offer users superfast cross-border payments. BIS Launching Cross-Border Payments System The proliferation of distributed ledger technology (DLT) is fast

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Source: BTC Manager

EY Unveils Blockchain Solution to Tackle Cross-Border Withholding Tax Challenges

Security Guard Opening an EY Vault

Security Guard Opening an EY Vault“Big Four” professional services company Ernst and Young (EY) announced the completion of a blockchain-based solution that would help remove the bottlenecks found in the cross-border withholding tax (WHT) process.  Blockchain to Improve Cross-Border WHT Tax Process In a press release published by EY on Wednesday (July 28, 2021), the project called TaxGrid blockchain solution

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Source: BTC Manager

Is Polkadex on the Right Path with Decentralized KYC?

Is Polkadex on the Right Path

Is Polkadex on the Right PathThe crypto industry is seeing more and more headlines about tighter government restrictions.  On July 20 the European Commision (executive branch of the European Union), announced that a new proposal would result in tighter regulation for the cryptocurrency industry—in particular, regulation around anonymous wallets and transactions.  This had been rumoured so it wasn’t exactly a

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Source: BTC Manager

PayPal’s “Super App” to Offer New Crypto Functionalities

Paypal’s Move to Crypto Might Is not What it Seems, Here’s the ‘Catch’

Paypal’s Move to Crypto Might Is not What it Seems, Here’s the ‘Catch’PayPal, the popular payment processing company, has indicated that its customers may not have to wait anymore to see new crypto-centric functions on their platform. Dan Schulman, PayPal’s CEO, stated today during the company’s Q2 2021 investor call that the company’s debut edition of its super app wallet was “code complete.” The head of PayPal

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Source: BTC Manager