William Coleman

EU Bans Suspicious Digital Wallets While Proposing Legislature for Digitization of Crypto Transactions

For keeping an eye primarily on Bitcoin and other virtual assets, the EU has carved a plan of enacting a legislature for ensuring check and balance upon crypto transactions. EU is of the view that the proposed legislation will enable the regulators to trace end-to-end virtual assets’ transactions and keep records of them through digitization….

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Regional Authority in New Jersey Directs Blockfi to Refrain From Extending Crypto Accounts

Zac Prince, Blockfi’s CEO, told the public on the 19th of July, 2021, that his firm has been served with a notice of cease and desist from extending a particular account offering by the New Jersey Bureau of Securities. He said that the firm has been ordered to immediately stop offering interest-based accounts within the…

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Woori Financial – A South Korean Bank Ambitious For Rendering Crypto Custodial Services

One of the largest banking groups in South Korea namely Woori Financial Group has decided that it will start offering crypto custodial services to interested customers. For the purposes of ensuring crypto custodial services, Woori has become partners with Coinplug – a renowned blockchain company of South Korea. With Woori joining the crypto space, there…

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Fidelity Will Hire More Crypto Experts amid Growing Interest

Fidelity Digital Assets due to its overwhelming popularity and workload will hire more than 100 crypto experts to manage its crypto investments. Bloomberg claimed that Fidelity Investments Inc will expand their staff up to 70% to manage mounting investment from big-money crypto investors. The exact workforce numbers are yet to be finalized. Reportedly company looking…

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Bill Passed in Argentina through Which Salaries Will Be Paid In Crypto

Argentinian Parliament has approved the latest Bill which provides for payment of salaried persons through cryptocurrencies. The Bill seeks to strengthen salaried individuals in conserving their buying power against their salaries. In contrast with the US, countries of the Latin American region are becoming more reliant upon cryptocurrencies. Since when the country of El Salvador…

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