Digital Asset Insights #22

MicroStrategy buys 13,005 more Bitcoin, now holds 105,000 BTC CEO Michael Saylor of the business analytics firm MicroStrategy said in a tweet in the beginning of last week that his company has acquired 13,005 more Bitcoin (BTC). The firm now holds over 105,000 Bitcoin in total. Saylor tweeted, “MicroStrategy has purchased an additional 13,005 bitcoins for ~$489…
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Digital Asset Insights #21

Tanzania’s president is now calling for Bitcoin and crypto adoption As per local newspaper The Citizen, Tanzania’s President Samia Sulhulu has asked the country’s Central Bank to start exploring the crypto sector, in what appears to be the latest move by a sovereign country to embrace cryptocurrency. The announcement by the President was made on June 14th, wherein…
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Digital Asset Insights #20

El Salvador set to become first country to adopt bitcoin as legal tender “Next week, I will send to Congress a bill that will make Bitcoin a legal tender,” said El Salvador’s President, Nayib Bukele, while speaking during a video broadcast at the Bitcoin 2021 conference held in Miami early last week. The President also…
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Digital Asset Insights #19

Reserve bank of India slams banks after they stop services for crypto users The Reserve Bank of India, the country’s central bank, released a new directive early last week after local banks ceased crypto services for users citing a directive from 2018, an official filing shows. In the report, the bank stated clearly, “It has come to…
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Digital Asset Insights #18

Goldman Sachs finally considers Crypto as an asset class – a year after having stated just the opposite The powerful American investment bank, Goldman Sachs, has just now recognized that cryptocurrencies are an emerging new asset class—despite stating otherwise just a year ago. According to its recent report, which was part of a paper posted…
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Digital Asset Insights #17

CHINA SECURITIES JOURNAL SOUNDS ALARM ON CRYPTOCURRENCY FINANCIAL RISKS On Sunday, May 16th, as per an opinion piece in the China Securities Journal (CS), a broader consensus on strengthening supervision of Bitcoin and crypto transactions is currently being undertaken. This comes through several commissions – The China Securities Regulatory Commission, China Insurance Regulatory Commission, and The China Banking Regulatory…
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Digital Asset Insights #17

China securities journal sounds alarm on cryptocurrency financial risks

China securities journal sounds alarm on cryptocurrency financial risks On Sunday, May 16th, as per an opinion piece in the China Securities Journal (CS), a broader consensus on strengthening supervision of Bitcoin and crypto transactions is currently being undertaken. This comes through several commissions – The China Securities Regulatory Commission, China Insurance Regulatory Commission, and The China Banking Regulatory…

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Digital Asset Insights #16

Digivault Gains FCA Approval This week in the digital currency community, a lot of developments are coming to light. There are new developments in anti-money laundering regulations in the U.K. as Digivault, a custodial arm of Diginex won regulatory approval from the Financial Conduct Authority (FCA) in the U.K. to register as a custodian wallet…
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Digital Asset Insights #16

Digivault Gains FCA Approval

This week in the digital currency community, a lot of developments are coming to light. There are new developments in anti-money laundering regulations in the U.K. as Digivault, a custodial arm of Diginex won regulatory approval from the Financial Conduct Authority (FCA) in the U.K. to register as a custodian wallet provider. This makes Diginex…

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Digital Asset Insights #15

Marathon OFAC Pool Attracts Criticism The new week ushered in a variety of events. One major event is mining a fully regulation-compliant mining pool by Marathon Digital Holdings (MARA). The new mining pool was successfully mining a bitcoin block that is “fully compliant with U.S. regulations.” And this impacts individuals with dealings in dark web…
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