The glitch came as Bitcoin inches toward its all-time record high of nearly $69,000. Bitcoin rose as much as 7.5% Monday, hovering near $67,000.
The price of Bitcoin was at its highest in November 2021, at $68,789. To breach the mark this year, the digital asset's value is required to increase by around $20,000 apiece.
According to WazirX, the average turnaround time to respond to information requests from regulators and other government agencies was 22 minutes for the first cut response
"Under the proposals, banks would be required to disclose qualitative information on their activities related to cryptoassets and quantitative information on exposures to cryptoassets and the related capital and liquidity requirements," the Basel Committee said.
Sam Bankman-Fried, the former CEO of FTX, stands trial in New York on Tuesday, charged with seven counts of fraud and conspiracy stemming from the exchange’s abrupt collapse in November 2022. He has pleaded not guilty.
While the work of preparation of 'synthesis paper' is underway, India has submitted a 'Presidency Note' to the G20 membership laying down important inputs for a roadmap on crypto assets, said an official release.
The FSB has published the final recommendations requested by the G20 on supervising firms that trade cryptoassets such as bitcoin.