UK’s advertising watchdog recently noted that two promotions of Arsenal’s fan tokens ($AFC) broke its code, as per a report by BBC. The development comes after seven crypto ads were banned by UK’s Advertising Standards Authority (ASA) recently. ASA had said that the ads were “banned for irresponsibly taking advantage of consumers’ inexperience and forContinue reading “Arsenal in hot water with UK’s advertising regulator over fan tokens: Report”

Bloomberg, in its latest report, has revealed that credit unions are seeking approval to hold crypto-assets directly. The development follows last week’s announcement by the National Credit Union Administration (NCUA) to allow federally insured credit unions (FICUs) to partner with third-party digital asset service providers. Highlighting certain conditions, the letter specified, “This includes third-party providedContinue reading “USA: Credit unions bank on sentiment to seek approval to hold crypto-assets”

Ethereum developer Tim Beiko recently announced the launch of Kintsugi Merge Testnet, calling it an opportunity for the community to experience post-merge Ethereum. Beiko stated, “Over the past few months, client teams have been working tirelessly to implement a new set of merge milestones. They are now live on a new testnet: Kintsugi.” The ideaContinue reading “What the ‘new set of merge milestones,’ Kintsugi testnet means for Ethereum”

“What countries are realizing is they have to participate or they have to be left out.” This is what WazirX’s Nischal Shetty opined in context to crypto adoption in a recent interview. He further explained that one or two nations can’t decide the technology’s fate as the ecosystem is very similar to the internet. HisContinue reading “This exec believes that countries will eventually give in to crypto”

Binance Labs is the latest to bet on a multichain future. It’s in the news today after it announced that it led a $60 million financing round for Multichain, a cross-chain protocol. Last week, Gravity Bridge enabled multichain transfer by allowing the movement of ERC-20 tokens between the Ethereum and Cosmos blockchains. Multichain, formerly knownContinue reading “Binance bets millions on multi-chain future, Metaverse with new partnerships”

Among a handful of petitions filed to put a full stop to “misleading” crypto-advertising in India, one such plea was filed before the Madras High Court earlier this month. And, that was not it either as the country’s advertising watchdog is reportedly processing complaints around crypto-promotions. Crypto-bill or no crypto-bill: Ads need regulations Indian stakeholdersContinue reading “India must streamline crypto-promotion rules, but is the Sixth Schedule the solution?”

The CEOs of six major crypto companies testified before the House Financial Services Committee last week. In which, the executives asked for clear crypto regulations that can support innovation in the sector. New regulations? In that regard, Amias Gerety, a partner at QED Investors and a Treasury Department official in the President Obama administration notedContinue reading “U.S. regulators have crypto on their agenda in 2022; will it translate into action?”

UK’s Advertising Standards Authority (ASA) recently noted that it aims to bring new guidance on cryptocurrency advertising. Meanwhile, BBC reported that the watchdog took down seven ads as “monitoring cryptoassets, like Bitcoin, is a ‘red-alert priority’…many ads fail to fully convey the risks of investing.” With the new notification, ASA said that the ads wereContinue reading “UK’s advertising regulator clamps down on crypto ads under “red-alert priority””

Switzerland’s SEBA Bank has announced that it is launching a digital token that allows investors to own physical gold. The release noted that the Gold Token will be “a regulated digital token for investment in and delivery of physical gold on-demand.” 🔉 𝗦𝗘𝗕𝗔 𝗕𝗮𝗻𝗸 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗟𝗮𝗻𝗱𝗺𝗮𝗿𝗸 𝗙𝗶𝗿𝘀𝘁 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗲𝗱 𝗚𝗼𝗹𝗱 𝗧𝗼𝗸𝗲𝗻 𝘁𝗼 𝗘𝗻𝗮𝗯𝗹𝗲 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗼𝗳Continue reading “Switzerland’s SEBA Bank announces gold-token akin to stablecoin”

The Indian government was expected to table the anticipated crypto-bill in the ongoing Winter session of the Parliament. However, according to reports emerging at press time, that may not be the case anymore. Changes expected in the #CryptoBill The New Crypto Bill might not be tabled in this session of Parliament — Sonal Mehrotra KapoorContinue reading “India: Delay in crypto-bill expected, but why are DeFi, NFT players worried”

The opposition has been asking the Indian government to clear its crypto position after PM Modi’s Twitter handle was briefly compromised, and a crypto tweet started making rounds. While the account was soon restored, a Bitcoin policy tweet published on the handle went viral. The development follows the report that PM Modi is expected toContinue reading “India: Opposition wants government to clear its position on crypto”

Brazil’s regulators have been keeping a soft stance when it comes to the crypto sector. Recently, several proposals were introduced in Brazil’s Congress, aiming to achieve regulatory clarity in the crypto sector. Some of the suggestions reportedly included tax exemptions on renewable crypto mining, currency status of digital assets, and the role of the securitiesContinue reading “Brazil’s only stock exchange, B3 to test the crypto-waters amid rising interest”