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Central Bank of Sri Lanka Warns of ‘Significant Risks’ in Using and Investing in Crypto

Central Bank of Sri Lanka Warns of ‘Significant Risks’ in Using and Investing in CryptoSri Lanka’s central bank has issued a warning about “the significant risks associated with using and investing in cryptocurrency.” The central bank reminded the public that “cryptocurrencies are unregulated investment instruments which are not recognized as an asset class in Sri Lanka.” Sri Lanka’s Crypto Warning The Central Bank of Sri Lanka (CBSL) issued a […]

Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

US Regulators and the Fed Jointly Issue Crypto Warnings

US Regulators and the Fed Jointly Issue Crypto WarningsThe Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly issued warnings about crypto risks to banking organizations. “The agencies have significant safety and soundness concerns with business models that are concentrated in crypto-asset-related activities or have concentrated exposures to the crypto-asset sector,” the […]

Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

Report: Cambodia Reaffirms Stance Against Unsanctioned Crypto-Related Activities

Report: Cambodia Reaffirms Stance Against Unsanctioned Crypto-Related ActivitiesCambodian authorities have reportedly said that no cryptocurrency company has been issued a business license yet, and that conducting cryptocurrency-related activities in the country is still illegal. Fintech Industry Growing Rapidly The Cambodian government has not greenlighted the issuing or use of any cryptocurrency in the country, a report has said. The report, which cites […]

Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

Central Bank of Sudan Warns of Risks Associated With Cryptocurrency

Central Bank of Sudan Warns of Risks Associated With CryptocurrencyThe central bank in crisis-stricken Sudan has warned residents dealing with cryptocurrencies that they face numerous risks including loss of value. The warning comes as Sudan is grappling with an economic crisis that worsened after the civilian government was deposed by the military. Sudan’s Worsening Economic Crisis As Sudan’s currency continues to plummet, the country’s […]

Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

Senator Warren Urges Treasury Secretary Yellen to Urgently Adopt Policy to Mitigate Cryptocurrencies’ Risks

Senator Warren Urges Treasury Secretary Yellen to Urgently Adopt Policy to Mitigate Cryptocurrencies’ RisksU.S. Senator Elizabeth Warren has asked Treasury Secretary Janet Yellen to “act with urgency” and adopt an appropriate policy to address the risks posed by cryptocurrencies. “The longer that the United States waits to adapt the proper regulatory regime for these assets, the more likely they will become so intertwined in our financial system that […]

Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity