Just more than a year ago, on Nov. 10, 2021, the value of one bitcoin reached its all-time high at more than $68,000. That was after 10 months of strong gains, as it had started 2021 in the $30,000 ra...
Tag: Regulation
Bitcoin Is a Commodity — ‘There Is No Dispute About This’ – Regulation Bitcoin News
U.S. Senator John Boozman says bitcoin, although a cryptocurrency, is a commodity in the eyes of the federal courts and the Securities and Exchange Commission (SEC) chairman. He stressed that exchange...
NYDFS proposes regulation to assess costs of ‘supervision and examination’ for licensed crypto firms
The New York State Department of Financial Services, or NYDFS, has proposed a regulation that would allow the government department to assess supervisory costs from licensed crypto firms operating in ...
Crypto Is at ‘Brick Wall Stage’ and Needs ‘Right Balance’ of Regulation, Says Legal Expert
For investors and consumers relying on centralized crypto exchanges like FTX, Evans said there’s a need for federal guardrails, protections and greater transparency. Whether that oversight power is he...
CFTC chair calls on Congress to ‘move quickly’ on a thoughtful crypto regulation
The chair of the U.S. Commodity Futures Trading Commission (CFTC), Rostin Behnam, has challenged Congress to move fast and enact legislation to regulate the cryptocurrency space. According to Behnam,...
We could use crypto regulation after FTX — But let’s start with basic definitions
As a crypto CEO, I know how often our sector is misunderstood and criticized. Sometimes, the criticism is deserved because we have not always done our part to shine a light on the utility and use case...
New York suggests charging crypto firms for regulation
Superintendent Adrienne Harris of the Department of Family and Social Services came up with the idea for the move, and she is currently soliciting opinions from the general public on it. The regulator...
Senate Committee Pushes for CFTC Regulation After FTX Collapse
A hearing of the Senate Agriculture Committee on Dec. 1, 2022, called for Congress to act fast to pass CFTC laws to prevent further loss of funds in the wake of the FTX collapse. The committee interro...
Cryptocurrency Law Approved in Brazil — Green Mining Tax Exemptions and Asset Segregation Issues Left Out – Regulation Bitcoin News
A cryptocurrency law, which had been in discussion for several months, has been approved by the Chamber of Deputies in Brazil after having shed some of the changes presented by the Senate. The proposa...
Crypto Regulation Guidelines Paving in Israel
More than five percent of adults in Israel are active crypto investors. There are more than five crypto ATMs in Israel. Israel’s chief economist Shira Greenberg has proposed a list of suggestions f...
CFTC Chair Behnam walks fine line during Congress’ first FTX hearing
After crypto exchange behemoth FTX imploded in a matter of days, the chair of the Commodities Futures Trading Commission walked a fine line in continuing his call for the same legislation Sam Bankman-...
‘I wasn’t even trying to do risk management,’ Sam Bankman-Fried tells ABC
Sam Bankman-Fried claimed that he didn’t spend time doing any risk management at FTX in yet another interview following the exchange’s collapse. The now disgraced FTX co-founder stru...
Hardship withdrawals from 401(k)s reach ‘concerning’ all-time high, Vanguard says
Amid stubbornly high inflation, a record-breaking share of Americans are turning their 401(k) accounts into emergency piggy banks, according to Vanguard. Dissecting data from a sample of the approxima...
US Treasury’s Yellen Says Crypto Doesn’t Have Adequate Regulation — Calls FTX Collapse ‘a Lehman Moment’ – Regulation Bitcoin News
U.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to have adequate regulation.” She added: “It’s a Lehman moment within cr...
SEC Could Use BlockFi as Object Lesson for Clear Crypto Regulation, Says Ex-SEC Official
“The SEC is going to be a lot more concerned not with the money from the settlement, but from what the BlockFi bankruptcy represents in terms of harm to investors, systematic risks, contagion, and wha...
FTX’s collapse is ‘a Lehman moment’ for crypto: Yellen
Treasury Secretary Janet Yellen called FTX’s collapse “a Lehman moment” for the digital asset industry. “It’s a Lehman moment within crypto, and crypto is big enough that you’ve had substantial ...
“Regulation By Enforcement” By The SEC Caused BlockFi’s Collapse, Asserts Ripple’s General Counsel ⋆ ZyCrypto
Advertisement     Stuart Alderoty, Ripple’s General counsel has slammed the U.S. Securities and Exchange Commission “SEC” for its alleged role in bringing BlockFi to i...
Nigerian Securities Regulator to Exclude Crypto in its Digital Asset Agenda – Regulation Bitcoin News
According to Lamido Yuguda, the director general of the Nigerian Securities and Exchange Commission, the regulator does not plan on including cryptocurrencies in its digital asset agenda. Yuguda repor...
Brazil’s Parliament Passes Bill for Greater Crypto Regulation, What Does it Mean?
The lower house of Brazil’s parliament approved a cryptocurrency bill that seeks to establish a stringent regulatory framework in the country, a theme that resonates with several governments around th...
Suze Orman says, ‘We’re heading downhill very fast,’ unless employers start providing this lucrative benefit to their workers
Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when pe...
FTX Collapse: Bankman-Fried Has 2 Golden Chances to Defend Himself
Sam Bankman-Fried, the fallen founder of bankrupt cryptocurrency exchange FTX, is currently one of the world’s most hated people. On social networks many are calling for him to be sent to jail ...
Brazil Approves Crypto Regulation Bill; Will This Pump Bitcoin?
Brazilian lawmakers finally regulated the crypto market bill. After getting approval the bill is all set to get the final nod of President, Jair Bolsonaro. After seven years of tussle, the Chamber of ...
Crypto Exchange Kraken Settles With Treasury Department Over Sanctions Violations – Regulation Bitcoin News
Crypto exchange Kraken has settled with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) over its apparent violations of sanctions against Iran. The cryptocurrency exchang...
Prosecutors seek arrest warrant for Terraform Labs’ co-founder Daniel Shin: Yonhap
Prosecutors in South Korea are reportedly seeking an arrest warrant for Terraform Labs co-founder Daniel Shin. The Seoul Southern District Prosecutors Office said Wednesday that it is seeking th...
RBI Begins First Retail Digital Rupee Pilot in 13 Indian Cities With 8 Banks – Regulation Bitcoin News
India’s central bank, the Reserve Bank of India (RBI), is launching its first retail digital rupee pilot on Dec. 1 with the participation of eight banks. The pilot will start in four cities and then e...
Crypto Initiatives Among Top Priorities Over Next 4 Years – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has revealed some initiatives involving crypto assets in its Strategic Plan for the fiscal years 2022-2026. The initiatives are intended to address th...
Brazil’s long-awaited crypto bill inches to the finish line after seven years
After a series of legislative twists and turns spanning seven years, Brazil’s long-awaited crypto bill could finally reach the president’s desk. Brazil’s Chamber of Deputies vo...