Technology Updates

Technology and regulatory compliance can often seem unconnected to some. However, in a world where cryptocurrency continues to establish deeper roots in the mainstream, they are becoming more connected.

The Monetary Authority of Singapore (MAS) has claimed it will not rule out adding further restrictions on retail crypto-traders as well as amending existing legislation.

The collapse of cryptocurrency appears to be underway. Over the past six months, the value of Bitcoin alone has fallen almost 50% - and could be set to fall even further. Will this lead to further-reaching implications?

The European Central Bank is expected to issue a warning to Eurozone countries around the need to harmonise cryptocurrency regulation, the Financial Times has reported.

The Council Presidency and European Parliament have come to an agreement on the Markets in Crypto Assets (MiCA) proposal.

Much like the initial scepticism to credit cards when they were first introduced, there has been some apprehension over the use of e-trust solutions. However, the industry is proving they are secure and effective, and their use is on the rise. Electronic IDentification is on a mission to make digital identity solutions the norm.

North Korean hacking group Lazarus is supposedly the prime suspect in a $100m hack of a cross-chain cryptocurrency bridge called Horizon Bridge.

Digital neobank Kroo has secured a full UK banking license, ahead of its plans to launch personal current accounts.

Japanese blockchain firm Soramitsu will undertake feasibility studies for central bank digital currencies (CBDC) with both Vietnam and the Philippines.

The Central Bank of Taiwan has issued a warning to its citizens about the risks associated with NFTs as a particular mode of investment.