Day: 9 June 2022

On 8 June 2022, the New York State’s Department of Financial Services (DFS) issued a Regulatory Guidance on Baseline Criteria for USD-Backed Stablecoins.  The Guidance applies to entities licensed by the DFS to engage in virtual currency business activity (so-called “BitLicense”) under 23 NYCRR Part 200 or Chartered as ‘Limited Purpose Trust ...

Lawmakers introduce a new US Senate bill proposing that bitcoin transactions under $200 be tax-free. The bill will pave the way for a cryptocurrency that functions more like money. Two US federal lawmakers have released the first full draft of their long-awaited crypto bill, which will establish regulations for digital ...

The Hong Kong Securities Regulatory Commission (HKSRC), Hong Kong's apex securities regulator, has warned residents about the potential risks associated with owning and interacting with Non-Fungible Tokens (NFTs).  Potential investors are advised to understand the risks involved before investing in NFTs.  According to reports, the Hong Kong regulator disclosed that ...

The Juno blockchain is one of the newer generations of blockchains created to solve the blockchain trilemma: scalability, security, and decentralization. There is hardly any blockchain that has successfully achieved all three.  The Ethereum network, for example, is decentralized and secure but lacks scalability. On the Ethereum chain, users can ...

As the crypto space expands, new cryptocurrencies emerge. Some are intended to serve as the keys to decentralized finance (DeFi) platforms. Some cryptocurrencies' use cases are linked to NFT platforms and their functionalities. In some situations, a coin may include a stable feature that allows it to be pegged to ...

Checkout.com, a well-known payments company valued at $40 billion, now accepts and processes cryptocurrency payments. It is one of the latest online payment startups to incorporate cryptocurrencies into its payment structure.  The company will allow its merchants to accept stablecoins from clients. This will be accomplished through the company's partnership ...