cryptocurrency exchange Current Affairs, GK & News

MENA region – world’s fastest crypto adopter

The Middle East and North Africa (MENA) region is the fastest growing cryptocurrencies market in the world. Key facts The 2022 Global Crypto Adoption Index released by the blockchain researcher Chainalysis revealed that the Middle East and the North Africa (MENA) region witnessed 48 per cent increase in the volume of cryptocurrency received – the ..

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IMF Report on Crypto Ecosystem

The International Monetary Funds (IMF) has released its report called “Global Financial Stability Report”, highlighting how digital currency assets brings in financial stability challenges. Key findings of report In its report, IMF notes that rapid growing crypto ecosystem presents new opportunities to the world. However, this digital currency assets also pose several financial stability challenges. ..

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UK bans World’s Largest Crypto Exchange

Britain’s financial regulator, Financial Conduct Authority (FCA), has banned world’s largest cryptocurrency exchanges, Binance. Key Points Binance cannot conduct any regulated activity as it will come under growing scrutiny globally. What is the issue? Binance Markets was acquired by Binance company in 2020. It was not using regulatory permissions. However, FCA’s move will not affect ..

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