The initiative is named the ‘Transatlantic Regulatory Exchange (TRE)’. It was officially announced on January 13 by Adrienne A. Harris, the superintendent of the DFS. The programme allows the DFS and the BOE to share regulatory approaches and information required to chalk out the legal framework to govern digital assets like cryptocurrencies.  

Mudrex informed users about halting crypto withdrawals through official emails over the weekend. The development stirred concerns amid the user base of Mudrex about the safety of their crypto deposits. The platform, however, has stated that all of its user funds are secure during this ongoing process.

The valuation of the crypto market dropped by 0.90 percent over the last day. Bitcoin and Ether, both are trading in losses amid the ongoing market slowdown. Cardano, Stellar, Shiba Inu, and Dogecoin also failed to register gains as the market dipped on Indian, as well as global level.

Union Home Minister Amit Shah believes that dark web, cryptocurrency, online marketplace and drones are areas that are becoming the focus of attention for law enforcement agencies in India.

China plans to work on new database solutions that would be supported on blockchain networks, it said in the guidelines. These solutions are expected to bring multi-centralisation and reliable consensus in an unalterable and easily traceable way to the table.  

Standard Chartered will now be offering crypto and digital asset custody services to its customers in Luxembourg. According to an official announcement post, the lender explained its decision to choose Luxembourg as its first crypto hub in the EU owing to its well-balanced regulatory and financial ecosystem.

Mantra and Damac have signed a deal to tokenise assets in the Middle East. This means that Damac assets will be made available early this year on the Mantra chain.

The overall valuation of the crypto market tumbled by 1.06 percent in the last 24 hours. Bitcoin and Ether, both registered losses on Friday As per market experts, Investors are now eyeing the December jobs report due later today to decide the market momentum.

In a recently released 43-page Technical Assistance Report, the IMF has advised Kenya to align its crypto guidelines with global policies. The report outlines key areas for enhancing safety and regulation in the country’s crypto sector.

The newly formed Supervisory Incubator will focus on helping banks load-up on risk management capabilities around deposits and loan services. The practice of tokenised deposits will be the core area of focus for the incubator.