Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Taiwan
Taiwan Forms Industry Association for Crypto Self-Regulation
The post Taiwan Forms Industry Association for Crypto Self-Regulation appeared first on Coinpedia Fintech News Taiwan has taken a step towards self-regulation today by officially establishing an industry association. Under government guidelines, the association is required to formulate self-supervisory rules. The CEO and founder of BitoPro will chair the association. Crypto service providers must comply with the AML laws introduced by the Financial Supervisory Commission in July 2021. Twenty-four crypto firms registered with the FSC for anti-money laundering compliance have…
12 months ago
Taiwan Looks to Ban Purchasing Crypto Using Credit Cards
Taiwan is planning to prohibit buying cryptocurrencies with credit cards. Local media outlet Economic Daily reported on July 21, noting that the Financial Supervisory Commission (FSC) is behind these efforts. Reportedly, the regulator sent the Taiwan Association of Banks a letter earlier this month, warning the body about the speculative and risky nature of cryptos. According to the FSC letter, the cash flow in crypto is complex because it is difficult to monitor transactions. To this end, the regulator asked…
3 years ago