EU Introduces New AML Law: Here’s What it Means to Crypto

The European Union (EU) has formally passed a new anti-money laundering regulation (AMLR), applicable to all crypto-asset service providers (CASPs). The laws would provide more powers to Financial Intelligence Units (FIUs) to detect and combat money laundering and terrorist financing. Per a Wednesday’s announcement, the package of legislations would impact crypto exchanges, brokers, regulated under...

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Bitcoin Inflation Rate At An All-Time Low

Bitcoin’s inflation rate has reached a new milestone, recording an all-time low of approximately 1.74%, just days after the latest Bitcoin halving.  With 93.3% of Bitcoin already mined, translating to 19.6 million out of the possible 21 million BTC, the scarcity factor is anticipated to drive demand further, potentially fueling a surge in the price...

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Will A Stablecoin Bill Really Pass Before The Presidential Election?

Between Representatives Cynthia Lummis and Kirsten Gillibrand’s new stablecoin bill and Congresswoman Maxine Waters’ renewed optimism in stablecoin legislation, will a new law regulating the fiat-pegged cryptocurrencies be enacted anytime soon? Cody Carbone, Chief Policy Officer at The Digital Chamber, said last week that he would only give the odds of any stablecoin legislation passing...

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Japanese Market Sharply Higher; Up 2%

The Japanese stock market is sharply higher on Wednesday, adding to the gains in the previous two sessions, following the broadly positive cues from global markets overnight. The Nikkei 225 is surging above the 38,300 level, with gains across most sectors led by index heavyweights and technology stocks. The benchmark Nikkei 225 Index is up...

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Sensex, Nifty Seen Higher At Open

Indian shares look set to open a tad higher on Wednesday as weak U.S. business activity data revived investor hopes for U.S. rate cuts this year. Investor sentiment also received a boost after electric-vehicle giant Tesla struck an upbeat tone despite a sales miss. Closer home, HUL, LTIMindtree, Indian Hotels and Axis Bank are among...

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