Former US banking regulator and former Treasury official, Michael Barr, has urged banks to notify their customers of any cryptocurrency holdings. Barr made this recommendation during a speech at a fin...
Tag: regulating
Senator Lummis questions government’s role in regulating energy use in crypto mining
Ad In a March 7 Senate hearing committee on cryptocurrency and the environment, Senator Cynthia Lummis (R – Wyoming) emphasized that energy efficiency standards must not be utilized to target particul...
IMF to prefer regulating crypto than banning it outright: Report
The International Monetary Fund would prefer to differentiate and regulate crypto assets rather than enforce an outright ban, though the nuclear option will remain on the table for now. Speaking on th...
SEC Commissioner Peirce: Kraken Staking Action Not a ‘Fair Way of Regulating’
Yesterday, the Securities and Exchange Commission announced its enforcement action against Kraken, forcing the crypto exchange to shut down its staking service in the U.S. and pay a $30 million fine. ...
South Korea Establishes Guidance for Regulating Digital Assets as Securities
South Korea has issued guidelines that specify the categories of digital assets that will be treated as securities in the nation and subject to the country’s securities regulations. The Financia...
Australia Is One Step Closer to Regulating Crypto, Here’s Its Latest Engagement
Godfrey Benjamin Australian Treasury made call for public comment on its crypto regulatory approach The crypto regulation drive in Australia is taking on a new dimension as the Australian Treasury rel...
CFTC commits to regulating crypto products that are not securities
The U.S. Commodity Futures Trading Commission (CFTC) committed to regulating crypto tokens not classified as securities during a conference on Feb. 3. CFTC chairman Rostin Behnam explained the regulat...
Binance, Kazakhstan agree on ‘wait-and-see’ approach in regulating DeFi
Adopting a wait-and-see approach is the best way to regulate the DeFi space, according to a report by Binance and the National Bank of Kazakhstan. While waiting to see how the market would develop, th...
El Salvador Implements New Law for Regulating Crypto
El Salvador has announced a new law that will place crypto regulation duties in the hands of both state and private entities. The idea is that these entities will hold sway over any digital currencies...
UK May Start Regulating Crypto Industry, Crypto Daily TV 2/2/2023
In Todays Headline TV CryptoDaily News: Bitcoin Hovers Around $23K Ahead of Fed Decision All eyes are on the Federal Reserve, as chair Jerome Powell will announce the central bank’s decision on ...
India Highlights Need for ‘Common Approach to Regulating Crypto Ecosystem’ – Regulation Bitcoin News
India’s Finance Ministry has highlighted the necessity for “a common approach to regulating the crypto ecosystem” in its flagship Economic Survey this year. “Crypto assets are self-referential instrum...
UK Treasury outlines plans for regulating crypto exchanges and lenders
The UK Treasury published a consultation paper, which sets out plans to regulate crypto trading platforms and lenders as part of its financial services roadmap. The consultation is open for com...
Kazakhstan Adopts Law Regulating Crypto Mining and Exchange
Lawmakers in Kazakhstan’s capital city, Nur Sultan, have approved the final iteration of the law “On Digital Assets in the Republic of Kazakhstan.” Kazakhstan has been making strides in crypto, espe...
Singapore financial watchdog’s chairman questions if regulating crypto legitimizes speculation
Chairman of the Monetary Authority of Singapore (MAS), Tharman Shanmugaratnam, spoke at the WEF23 and stated a controversial take on crypto regulations and questioned if regulating crypto could legiti...
Kazakhstan Parliament Adopts Law Regulating Crypto Mining and Exchange – Regulation Bitcoin News
Lawmakers in Nur-Sultan have approved the final version of the law “On Digital Assets in the Republic of Kazakhstan.” The new legislation, including several other bills, regulates the circulation of c...
SEC Commissioner Hester Peirce Says Regulating DeFi Not Practical, Presents Many Challenges to Regulators
A high-ranking pro-Bitcoin (BTC) official from the U.S. Securities and Exchange Commission (SEC) says regulating decentralized finance (DeFi) is “impractical.” In a new speech at a Duke University Dig...
India is looking at regulating or prohibiting unbanked crypto, DeFi, and stablecoins
The Reserve Bank of India (RBI) is making concerted efforts at the global level to devise a common means of regulating or prohibiting unbanked crypto assets, DeFi tokens, and stablecoins, details from...
Nigerian Government Proposes Legislation Regulating Cryptocurrencies
3 seconds ago | 2 mins read Bitcoin News The local SEC will be able to recognize cryptocurrencies. This news comes about 24 months after the ban. To keep up with global trends, the Nigerian government...
Will XRP Be Deemed a Security and Is Regulating the Only Way?
A renowned entrepreneur predicts XRP will be classified as a security. So is regulating crypto as a security the only way to ensure transparency? The chaos in the crypto industry after the collapse of...
UK concludes plans for regulating crypto industry smoothly
Prime Minister Rishi Sunak stated that “essential laws” will aid make Britain a global center for crypto assets technology. It will promote the businesses of tomorrow to put the money into, revolution...
Regulating Crypto ‘Should Be Combined With Education’ Says Top Wadzpay Executive – Interview Bitcoin News
The collapse of Do Kwon’s Terra empire in May, and Sam Bankman-Fried’s FTX in early November 2022, will be remembered as two incidents that put the crypto industry on the back foot. It is now widely e...
Israel’s Ministry of Finance Proposes New Guidelines for Regulating Digital Assets
The recommendations call for the creation of a new regulatory infrastructure, legislating licensing powers and supervision over the issuance of backed digital assets, including stablecoins, and the pr...
Regulating Crypto is Better Than Fighting It
Binance CEO Changpeng “CZ,” Zhao said on Friday that regulation rather than opposition to the cryptocurrency sector would be a better option for governments as digital currencies become mainstream. In...
Let’s Stop Regulating Crypto Exchanges Like Western Union
The unfortunate failure of one of these money transmitters, West Realm Shires Services Inc., may be the final straw for this rickety arrangement. West Realm Shires Services is the official name for FT...
US Lawmakers Push To Finalize Bill Regulating Crypto
The ongoing FTX saga is proof that the cryptocurrency industry urgently needs to embrace some level of regulatory oversight. News of FTX’s collapse hit the market like a bombshell. The catastrophic da...
UK Lawmakers Favor Regulating Crypto As Financial Instrument
Following the appointment of the new prime minister in the UK, who is a pro-crypto-enthusiast, the lower parliament house of the state assembly votes in favour of regulating virtual assets as per the ...
UK Policymakers Vote for Regulating Crypto as Financial Instruments
A ray of light for the crypto industry has emerged amidst all the recent economic and political turmoil in the United Kingdom. Parliament convened on Oct. 25 to discuss a proposed Financial Services a...
Coinbase CEO Brian Armstrong calls for leniency in regulating DeFi
Join Our Telegram channel to stay up to date on breaking news coverage The CEO of Coinbase, Brian Armstrong, believes that decentralized finance (DeFi) should be protected from regulatory overreach. A...
Are governments all for fluidity while regulating crypto?
The governor of California, Gavin Newsom has rejected a bill that looked to license and manages crypto. Assembly Bill 2269 was presented by Assemblyman Timothy Grayson. At the same time, the bill was...
Are governments all for flexibility when regulating crypto? The answer is…
California Governor Gavin Newsom has vetoed a bill that sought to license and regulate crypto. Assembly Bill 2269 was introduced by AssemblyMan Timothy Grayson. However, the bill was subjected to heav...
Former CFTC chair rules out the need to enact new laws in regulating stablecoins
The ongoing United States cryptocurrency sector regulation debate has significantly narrowed down to managing stablecoins, especially after the infamous Terra (LUNA) ecosystem collapse. Although the g...