Malaysian Shariah Financial Authority Endorses Bitcoin

Shariah authority council in Malaysia has praised digital assets and their potential as possible investment vehicles. A Great Investment Vehicle Earlier this week, The Malaysian Reserve noted that Dr. Modh Daud Bakar, the chairman of the Shariah Advisory Council at the Securities Commission Malaysia, had praised cryptocurrencies as having great potential as …

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Canadian Central Bank Highlights Risks Surrounding CBDCs

With many governments showing support for Central Bank Digital Currencies (CBDCs), it almost seems like every nation is aboard the train. However, some notable holdouts have also expressed their concerns over the viability of these assets. One such country is Canada.  Storage Problems are Predominant In a report published earlier this week, …

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FCA Bans Retail Crypto Derivatives Offerings Across the U.K.

There have been significant concerns in the United Kingdom over a possible ban on crypto-based derivatives for about a year. While it seemed like the government had given up on its ban aspirations, all hope appears dashed as it is now set to move forward with planned action. Not Suitable for Retail Investors …

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Venezuela’s Maduro Remains Bullish on Crypto’s Future 

Venezuela has so far been one of the world’s most prominent countries, leading the way in crypto adoption globally. The country, which launched an oil-backed stablecoin and has ramped up adoption in the past year, now appears to be embracing a crypto-inclusive future full-time. Evading Sanctions Cryptocurrencies have now gotten a seal of …

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FCA Publishes Warning Against Illegal Crypto Broker Cryptenix

The British Financial Conduct Authority (FCA) recently issued fresh warnings to local investors to be aware of unauthorized brokers working in the UK markets. It also issued a warning against Cryptenix, an illegal crypto broker. Unauthorized operations in the UK Cryptenix is the trading name used by the Finplex Group LTD. The …

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Chinese Government Identifies $14.5 Billion in Cash Laundered Through Crypto

China is experiencing a crypto cleansing, as the government appears keen on purging the country of all traces of cryptocurrencies. While several reasons could account for this sudden focus on digital assets, an official with the government recently shed light on illegal activities that they enable. Casinos and Illegal Gambling Sites are the …

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Congress Introduces Two Fresh Crypto Regulation Bills 

Cryptocurrency legislation in the United States has been a long, hard-fought battle with nary an end in sight. However, the industry saw some significant progress on that front earlier this week, as Congress appears ready to anoint permanent industry regulators. On Thursday, the United States House of Representatives welcomed two crypto-related bills on …

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