A new bill is being proposed in the United States Senate that would also give the Commodity Futures Trading Commission (CFTC) more regulatory authority to oversee crypto markets. Senate Agriculture Co...
Tag: Regulate
Lessons From the Turkish Government’s Hasty Attempt to Regulate Cryptocurrencies
The bill, which suggested significant restrictions on investing and using cryptocurrencies, should be opposed. Crypto adoption has accelerated in Turkey over the past two year, in part due to high inf...
New Senate Bill Seeks To Regulate Bitcoin And Ethereum Under The CFTC ⋆ ZyCrypto
Advertisement     Two top-ranking members of the U.S Senate Committee have proposed legislation that could see Bitcoin, Ethereum, and other digital assets fall under t...
EU securities watchdog agrees breakthrough rules to regulate ‘Wild West’ crypto sector
The European Union’s (EU) securities regulator has started preparations for heightened supervision of cryptocurrency transactions after the EU agreed on ground-breaking measures to oversee a sector th...
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has published a video explaining how the agency plans to regulate crypto exchanges. “I’ve asked our staff to work direc...
SEC Chair Gensler Says the Agency is Looking to Regulate Crypto Exchanges to Ensure Consumer Protection ⋆ ZyCrypto
Advertisement     The crypto community has been calling for establishing a workable regulation that will guide the industry in the United States and subsequently prote...
Russia Gears Up to Regulate NFTs Through Legislative Amendments – Regulation Bitcoin News
Authorities in Russia are preparing a number of changes to existing laws in order to adopt rules for the country’s market for non-fungible tokens, or NFTs. A working group has discussed the matter and...
Lawmakers delay voting on US bill to regulate stablecoins till September
U.S. lawmakers have delayed the vote on a bipartisan bill on stablecoin regulation until at least September, The Wall Street Journal reported, citing people familiar with the matter. The bill would ha...
UK plans to regulate stablecoins under a new financial bill
On Wednesday, the United Kingdom parliament tabled the Financial Services and Markets Bill. The bill is meant to preserve the status of the UK as a leading financial hub after Brexit. The bill is comp...
Gensler Says SEC Should Regulate Crypto Lending Companies
Key Takeaways SEC chair Gary Gensler told CNBC today that crypto lending firms fall under the scope of the securities regulator. He noted that crypto lending firms offer returns as high as 10% and com...
UK Treasury unveils plan to regulate stablecoins in Financial Services and Markets bill
The UK unveiled its Financial Services and Markets bill in Parliament on Wednesday – a set of legislation that includes guidelines on the safe adoption of cryptoassets. Nadhim Zahawi, who stepped int...
UK To Regulate Stablecoins as a Form of Payment Via New Bill
The bill seeks to regulate stablecoins as a form of payment, bringing the nascent tech in line with the country’s existing rules centered on financial services Financial Markets Infrastructure Sandbox...
UK Introduces Bill To Regulate Stablecoins For Payments
UK Finance Minister Nadhim Zahawi on Wednesday will be announcing support for using stablecoins for making payments under the long-awaited Financial Services and Markets Bill. The bill will help the c...
Governments Must Collaborate to Properly Regulate or Ban Crypto, Reserve Bank Of India Governor
On July 19, India’s Finance Minister Nirmala Sitharaman said in a speech at the Lok Sabha, the lower house of India’s bicameral Parliament, that crypto is a danger to international regulatory arbitrag...
Financial Superintendence of Colombia Presents Project to Regulate Crypto Service Providers – Bitcoin News
The Financial Superintendence of Colombia presented a project that seeks to bring clarity to how links between banks and virtual asset service providers (VASPs) will be handled in the future. The docu...
US Senator Says Too Many Crypto Firms Are Able to Scam Customers — Urges SEC to Regulate – Regulation Bitcoin News
U.S. Senator Elizabeth Warren says that “too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money.” She stressed the...
European Union Strives To Regulate Global Digital Payments Market
6 hours ago | 2 mins read Bitcoin News On June 29, European Parliament members had already enacted the TFR. FATF members are chosen by their countries, not by a democratic process. MiCA (Markets in Cr...
Paraguay Senate Passes Bill to Regulate Crypto Mining and Trading
The Senate of Paraguay, a South American nation, on Thursday, approved a bill to regulate cryptocurrency mining and trading in the country. The passage of the law is part of an approval made in Decem...
The EU moves to regulate the crypto-asset market
On the last day of June, the European Union reached an agreement on how to regulate the crypto-asset industry, giving the green light to Markets in Crypto-Assets (MiCA), the EU’s main legislativ...
South African Central Bank About To Regulate Crypto
Kuben Naidoo, Deputy Governor of the South African Reserve Bank (SARB), recently announced that SARB will introduce a framework to regulate cryptocurrencies, recognising its adoption that is prevalent...
South Africa Sets To Regulate Crypto As Financial Assets
South Africa’s central bank is planning to impose more regulation on the crypto industry as it recognizes the digital asset space. The rules will be imposed within the next 12 months to regulate crypt...
UN Says Developing Nations Should Ban Bitcoin Ads, Regulate Crypto Wallets
A recently published policy brief from the United Nations recommended developing nations take action against crypto, warning of risks associated with leaving the industry unregulated. In the document ...
UN Urges Developing Nations to Ban Cryptocurrency Ads, Regulate Wallets
The global use of cryptocurrencies has increased significantly during the COVID-19 pandemic and reinforced a trend that was already underway. The United Nations however believes that cryptocurrencies ...
South Africa Set To Regulate Bitcoin And Other Cryptos As Financial Assets
Cryptocurrency regulation in South Africa seems to have become a reality and will set a pathway to maintain compliance in crypto and Bitcoin assets. The South African Reserve Bank (SARB) is pioneering...
Citing Benefits of Cryptocurrencies, South Africa Plans to Regulate Them as Financial Assets
Kuben Naidoo – Deputy Governor of South Africa Reserve Bank (SARB) – argued that cryptocurrencies, specifically bitcoin, provide numerous advantages to the monetary system. However, he claimed there i...
South African Reserve Bank Set to Regulate Cryptocurrencies as Financial Assets
The South African Reserve Bank (SARB) deputy governor Kuben Naidoo has confirmed that the country will roll out cryptocurrency regulations over the next 12 – 18 months that will not identify them as a...
The CFTC Is Practically Begging to Regulate Crypto
The ongoing crypto crash has caused the Commodity Futures Trading Commission (CFTC) to boost calls for regulation. The CFTC Wants to Oversee Crypto Activity Back in 2014, then chairman of the CFTC Tim...
Bitcoin not a currency? South Africa to regulate crypto as financial asset
The South African Reserve Bank is set to introduce regulations next year that will see cryptocurrencies classed and treated as financial assets to balance investor protection and innovation. Cryptocur...
South African Reserve Bank will regulate crypto as financial assets to make it ‘mainstream’
South Africa Reserve Bank (SARB) deputy governor Kuben Naidoo has confirmed that the country is set to roll out cryptocurrency regulations that will partly support the sector. Speaking during a webina...
EU agrees on a provisional deal to regulate crypto assets
The European Union is set to become among the first jurisdictions to formulate comprehensive rules for the cryptocurrency market. Last week, the EU lawmakers agreed on a provisional deal that contains...
G7 Countries to Regulate Cryptos
When the G7 – the largest economic nations, consisting of the USA, Germany, Great Britain, France, Italy, Canada, and Japan – met last week for the G7 summit in Garmisch-Partenkirchen, Bavaria, the su...