ECB officials prepare for ‘harmonization’ of crypto regulations: Report
The European Central Bank, or ECB, will reportedly be preparing to implement a new law by warning European Union member states about the necessity of harmonizing regulations for crypto. The ECB was concerned about possible regulatory overlap between respective central banks in the EU and crypto companies as officials prepared to implement the Markets in Crypto-Assets, or MiCA, framework.
Singapore’s financial watchdog considers further restrictions on crypto
Singapore senior minister and The Monetary Authority of Singapore, or MAS chair said the financial watchdog may consider “placing limits on retail participation” for crypto investors as well as introducing rules on the use of leverage for crypto transactions.
Multichain adds Rootstock to its blockchain bridge ecosystem
Multichain, a cross-chain platform, has announced the integration of the Bitcoin-based (BTC) smart contract protocol Rootstock (RSK) blockchain into its ecosystem. This will allow users to exchange Ether (ETH), USD Coin (USDC), Binance USD (BUSD) and other assets between RSK, Ethereum and BNB Chain.
USD stablecoin premiums surge in Argentina following economy minister’s resignation
Argentina, a country with one of the highest crypto adoption rates in the world, saw the price of United States dollar-pegged stablecoins surge across exchanges on Saturday after the abrupt resignation of its Economy Minister, Martin Guzman.
CoinShares acquires French crypto asset manager Napoleon AM
Major European digital asset manager CoinShares announced that the firm has acquired Napoleon Asset Management, a digital asset management subsidiary of Napoleon Group. CoinShares previously agreed to acquire the entire issued share capital in Napoleon Crypto SAS for $14.5 million in November 2021
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