encrypted assets
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What is imu plus currency (imcoin)?
imu plus currency is what? IMU is a digital currency designed to tokenize finan
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US SEC and Lawmakers Meet to Discuss Encrypted Assets: The Need for Collaboration between Public and Private Sectors
On April 22nd, the US SEC and lawmakers held two separate meetings this week to discuss a series of topics in the field of encrypted assets. Bryan Daugherty, Global Public Policy D
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Ukraine plans to implement some provisions of MiCA to legalize encrypted assets in Ukraine
According to reports, after the European Parliament passed the Encrypted Asset Market (MiCA) regulation, Ukrainian regulatory authorities publicly stated that they would also adopt
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Title: Paradigm Reports on SEC Registration Issues in the US
According to reports, Web3 venture capital firm Paradigm published a policy article today on SEC registration issues in the United States. The article states that US SEC Chairman G
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US SEC Chairman Gary Gensler Forced Encrypted Asset Disclosure Framework: Paradigm
According to reports, Web3 venture capital firm Paradigm published a policy article today on SEC registration issues in the United States. The article states that US SEC Chairman G
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OKX Enters Into a Partnership with Aura Finance: A New Era of Pledging Assets
On April 20th, according to official sources, OKX Web3 Wallet has reached an official partnership with the Balancer based ecological revenue governance platform Aura Finance. Users
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Report Finds Control Errors in Former Management Team of FTX Group
According to reports, FTX Trading Ltd and its affiliated debtors have announced the release of their first report, which identifies and discusses the control errors of the former m
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Accounting Standards for Encrypted Assets Proposed Update by FASB
On April 3rd, it was reported that the Financial Accounting Standards Board (FASB) of the United States has proposed an update to accounting standards for and disclosure of encrypt
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Overview
According to reports, the Canadian government has stated that as Ottawa strengthens its regulation of volatile industries, federally regulated pension funds in the country will nee
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#OpenLevel Releases Unlicensed Liquidity Market Feature
On March 29th, according to official news, OpenLevel, a decentralized lending and margin trading agreement, announced the recent launch of a new unlicensed liquidity market feature
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The Future of Token Deposits and Encrypted Assets: A Look at South Africa’s Regulations
On March 26, Gerhard van Deventer, a senior financial technology analyst at the Reserve Bank of South Africa (SARB), recently revealed that the regulations governing token deposits
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UK Treasury: Taxpayers need to separately declare encrypted assets from next year
According to reports, British Finance Minister Jeremy Hunt announced his new measures at the annual budget meeting on Wednesday, saying that officials are revising their self-assessment tax returns to require a separate determination of the amount related to encrypted assets. The move is expected to raise an additional £ 10 million ($12 million) in tax revenue annually. At the same time, officials say they will maximize the potential of the metauniverse and manage downside risks in terms of privacy, security, and harm. Interpretation of this information: The British government is…
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Circle co founder: $3.3 billion stranded at SVB will be fully recovered
According to reports, Jeremy Allaire, co founder and CEO of Circle, recently accepted an interview with Bloomberg. Jeremy Allaire talked about the recent turmoil in the banking industry and its impact on USD Coin. Jeremy Allaire’s view that traditional banking systems need to be protected from encrypted assets is no longer valid. Jeremy Allaire believes that recent developments have proven that the situation has reversed and that its cryptographic entities need to be protected from the impact of traditional bank failures. Interpretation of this information: In an interview with…
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IMF: The widespread use of cryptocurrency may cause banks to lose deposits and reduce loans
It is reported that the International Monetary Fund (IMF) has warned G20 countries that the widespread use of encrypted assets may cause banks to lose deposits and reduce loans. The report said: “The widespread use of encrypted assets has brought huge risks to the effectiveness of monetary policy, exchange rate management, capital flow management measures and fiscal sustainability. In addition, central bank reserves and the global financial safety net may need to be changed, resulting in potential instability. Finally, banks may lose deposits and have to reduce lending.” The report…
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IMF: The widespread use of cryptocurrency may cause banks to lose deposits and reduce loans
It is reported that the International Monetary Fund (IMF) has warned G20 countries that the widespread use of encrypted assets may cause banks to lose deposits and reduce loans. The report said: “The widespread use of encrypted assets has brought huge risks to the effectiveness of monetary policy, exchange rate management, capital flow management measures and fiscal sustainability. In addition, central bank reserves and the global financial safety net may need to be changed, resulting in potential instability. Finally, banks may lose deposits and have to reduce lending.” The report…
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More than 200 jurisdictions have agreed to implement the FATF cryptocurrency standard
It is reported that the Financial Action Task Force (FATF) said that representatives from more than 200 jurisdictions have reached an agreement on the “action plan to promote the timely implementation of FATF standards globally” for encrypted assets. The standard-setting body said that many countries failed to implement their previous requirements for cryptocurrencies, including “travel rules”. FATF pointed out that representatives further agreed on an action plan to promote the timely implementation of FATF standards related to encrypted assets worldwide, including the transmission of originator and beneficiary information. Interpretation of…
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Lawyer of Blockchain Association: Gensler’s remarks or opinions are not laws, and SEC has no right to supervise any of them
According to reports, Gary Gensler, chairman of the United States Securities Commission, reiterated in a recent interview with New York magazine (NYMAG) that all encrypted assets and all transactions are subject to the United States securities law, except for Bitcoin spot transactions. Interpretation of this information: The message states that the chairman of the United States Securities Commission, Gary Gensler, has stated in an interview with New York Magazine that all encrypted assets and transactions are subject to US securities law, with the exception of Bitcoin spot transactions. This interpretation…
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The new draft of EU anti-money laundering regulations will prohibit private wallets and currency mixers, and will not prohibit self-managed wallets
It is reported that according to the latest draft of the EU anti-money laundering regulations it has obtained, the current version of the draft may prohibit the use of encrypted assets and anonymous tools that enhance privacy, including private wallets or cryptocurrency mixers, but these restrictive provisions do not apply to self-managed wallets. In terms of transaction restriction rules, the latest version of the European Parliament’s review of the Anti-money Laundering Act led to the document changing the self-hosted wallet to the self-hosted address. Interpretation of this information: The European…
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The meeting of G20 finance ministers and central bank governors plans to discuss encrypted assets and implement supervision
It is reported that the meeting of finance ministers and central bank governors (FMCBG) of the Group of Twenty (G20) will be held in Bangalore from February 22 to 25, according to Indian media reports. The meeting will discuss the encrypted assets and the steps needed to supervise the encrypted assets. Interpretation of this information: The upcoming meeting of finance ministers and central bank governors (FMCBG) of the Group of Twenty (G20) will bring together some of the most influential financial policymakers from around the world. According to Indian media…
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Europe is studying a digital currency to reduce its dependence on other regions
It is reported that the European Central Bank is studying a digital currency because the region seeks to protect itself from the impact of tensions in other countries. Guido Zimmermann, senior economist at LBBW, a German bank, said that the European Central Bank was worried that if there were no digital euro, the euro zone would eventually be in the geopolitical and economic sandwich between the large US technology companies and China’s payment system. At present, Europe lacks a digital platform. Zsolt Darvas, a senior researcher at Bruegel, a Brussels…