Altcoin News by Thebittimes.Com

The Indian government is reportedly planning to finalize its stance on the legality of cryptocurrency by the first quarter of next year in order to become Financial Action Task Force (FATF) compliant. “We will finalize our responses by February-March 2023. We have to respond to the FATF by May,” a government official said. India Finalizing Crypto Stance The Indian government is finalizing its stance on the legality of cryptocurrency in order to submit its response to the Financial Action Task Force (FATF) for the country’s “mutual evaluation” by early 2023, Business Today reported Monday. “The Revenue Department has already sent their views and the Department of Economic Affairs has now been tasked to prepare a detailed response on India’s stance on the legality of cryptocurrency,” a government official was quoted as saying. The FATF mutual evaluations are “in-depth country reports analyzing the implementation and effect...

Canadian regulator revealed it is considering amendments to its capital and liquidity approach concerning crypto assets. The proposed rules aim to streamline how institutions handle potential risks associated with crypto currencies, outlining four distinct categories of digital assets and their respective capital treatment. In a July 26 news release from Ottawa, Canada, the Office of the Superintendent of Financial Institutions (OSFI) has proposed revisions to its capital and liquidity approach for crypto-assets. It aims to align with the evolving risk landscape and international developments. The OSFI unveiled two draft guidelines. One is for federally regulated deposit-taking institutions. Another is for insurers, outlining the regulatory capital treatment of crypto-asset exposures. In line with @BIS_org’s new banking standards for # crypto -asset exposures, we’ve drafted guidance tailored for Canada. Share your feedback on proposed changes to our capital and liquidity approa...

Join Our Telegram channel to stay up to date on breaking news coverage You’re probably thinking of starting a cryptocurrency portfolio now that the market has begun to rebound. But with approximately 22,000 coins available, how can you know which ones would be the most profitable to invest in? How can you tell which digital currencies are the best bets right now? By analyzing the market and creating a small list of promising cryptos you should purchase now and reap its benefits in the long term, our analysts set out to answer these concerns and help you make the best investment decision possible. These 4 currencies are listed below which are worth investing in for the long run. Calvaria (RIA) This fascinating platform for play-to-earn gaming offers investors the chance to get in at the low price of $0.01 per token during the presale period. The price of the token RAI goes up after each round of sales, just like the prices of Dash 2 Trade and IMPT presales. The...

According to a general notice published in a government gazette, crypto assets are now treated as financial product s under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act. Declaration of the crypto assets as financial product s means crypto asset service providers (CASP), such as exchanges, must apply for a license. Declaration Applicable to Any Digital Representation of Value Not Issued by Central Bank According to a recently published South African government gazette, crypto assets have been declared as financial product s under the country’s Financial Advisory and Intermediary Services (FAIS) Act. Signed by the Financial Sector Conduct Authority (FSCA) commissioner, Unathi Kamlana, the declaration became effective on October 19. This is an historic moment for South Africa: Today the Financial Sector Conduct Authority (FSCA) declared a crypto asset as a financial product under the FAIS Act. This Declaration was published in the Government Gazette...