Germany s financial regulator issues retail crypto investment warning cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
Spanish Ministry of Economy Proposes to Create a Financial Customer Ombudsman for Crypto-Related Matters
Crypto regulation in Spain remains on the political talks amid the current bull-run seen in the bitcoin prices. Now, the country’s Ministry of the Economy is about to create a new Financial Customer Ombudsman for crypto-related matters.
Independent Financial Customer Body Will Abide by the MiCA Ruling
Per La Información, Minister Nadia Calviño seeks to extend its guardianship to the financial body to cover topics such as protecting consumers in cryptocurrency services. To make it a reality, the minister will submit the initial proposal to a public consultancy “as soon as possible.”
Almost all countries increased regulation of the crypto finance industry in 2020. The COVID-19 pandemic provoked a significant boost of digital crimes, including money laundering, terrorist financing, online black marketing and other related criminal activity.
Certain jurisdictions have already implemented the legal framework, while others are just getting ready to do so. Although even pending legislative initiatives may make a big difference in the near future of the global financial system.
BASIS ID compliance team gives you an overview of the regulatory changes in crypto finance 2020- early 2021.
BASIS ID is a company of the ZignSec group. The software of BASIS ID verifies over 3,000 government-issued documents from more than 190 countries.
The project is collaborating with banks, central banks, enterprises, and even governments.
It is easily the best-connected asset of the crypto industry, and as such, it continues to push adoption.
Mass adoption has been a long-term goal of the crypto industry ever since Bitcoin trading began, some 12 years ago. However, it would appear that another cryptocurrency managed to get ahead of BTC when it comes to being adopted by firms, banks, and governments Quant (QNT).
Quant becomes the world’s most adopted coin
Quant has recently attracted quite a bit of attention after announcing on its Twitter that it has already integrated with a number of central banks, enterprises, and even governments. The project noted that even Europe’s leading payment provider, SIA, also adopted the coin. As a result, the token is now connected to hundreds of banks on the continent.