Jun 22, 2022 at 11:40 // News The United Kingdom has declined to implement a European Union rule requiring EU governments to monitor transactions on non-hosted digital wallets. The UK preferred to mon...
Tag: Regulation
European Central Bank head calls for regulation to focus on Bitcoin and DeFi
In response to a market crash that has captured the attention of people all around the globe, cryptocurrency staking and lending may ultimately come under the jurisdiction of regulatory authorities al...
Regulation Amendments By UK Treasury Drops KYC Restriction For Non-Hosted Wallets
Government authorities around the globe have been restructuring regulation rules after seeing excessive market volatility following the Terra collapse. Similarly, while updating money laundering rules...
Supreme Court dismisses case against SEC’s ‘no admit, no deny’ policy backed by Musk, Cuban
The U.S. Supreme Court Tuesday rejected a challenge brought against the Securities and Exchange Commission by a former Xerox executive, and backed by Tesla CEO Elon Musk, against the Securities and Ex...
Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing – Regulation Bitcoin News
The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish l...
UK backtracks on regulation for digital wallets
Contrary to the EU, UK has decided not to oblige crypto companies to send information on transactions of so-called “unhosted” digital wallets. Tracking the activities of “unhosted” digital wallets is ...
SEC Chair Warns of ‘Too Good to Be True’ Crypto Products — US Treasury Calls for Urgent Regulation – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department...
Cryptocurrency ‘Not Sufficiently Stable to Be a Good Means of Payment’ – Regulation Bitcoin News
The governor of the Jamaican central bank has warned people using or who have plans to use cryptocurrencies to be mindful of the associated risks. The governor added that cryptocurrencies’ unpredictab...
Bitcoin’s nosedive through the $20,000 mark is a Minsky Moment for crypto: ‘Psychologically for a lot of people, this is galling’
Is bitcoin BTCUSD, +4.03% facing a breaking point? That’s what some investors, acolytes and otherwise, might be contemplating, as the cryptocurrency’s descent accelerates over the weekend. The world’s...
I want to retire next year, but I have $25,000 in credit card debt and a major monthly mortgage payment — I also live with my three kids and ex
I’ll be 57 next month and am divorced with three kids living with me. One is 28, she’s working, another is 21 and a senior in college (with a full scholarship) and the youngest is 15 (a sophomore in h...
US Senators In Tandem With The Disapproval Of Camouflaged Regulation In SEC Staff Accounting Bulletin
Bill Hagerty, a United States Senator has sent a letter, which four other Republican Senators also signed, to the Securities and Exchange Commission (SEC) chair Gary Gensler and implused the withdrawa...
Senators join chorus of disapproval of ‘backdoor regulation’ in SEC staff accounting bulletin
United States Senator Bill Hagerty has sent a letter, cosigned by four other Republican senators, to Securities and Exchange (SEC) Commission chair Gary Gensler urging the withdrawal of a staff accoun...
Virtual Currency-Based Sale Agreement an Invalid Contract, Chinese Court Rules – Regulation Bitcoin News
A virtual currency cannot be circulated in the market as a currency, therefore a vehicle sale contract wherein parties agreed that the buyer would pay with a privately issued digital currency is inval...
SEC, State Regulators Probe Crypto Lender Celsius Over Accounts Freeze – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) and several state regulators are reportedly investigating the decision by crypto lender Celsius Network to freeze withdrawals. U.S. Securities Regulat...
A Crypto Bankruptcy Could Be Investors’ Nightmare
The cryptocurrency market’s latest swoon is giving investors a painful lesson about the risks of trading digital tokens through intermediaries. In a bankruptcy restructuring, crypto investors would be...
Kenyan Law Enforcement Agency Arrests Two Students Accused of Using Stolen Funds to Buy BTC – Regulation Bitcoin News
Two Kenyan students accused of hacking credit cards and using the ill-gotten funds to buy bitcoin have been arrested by the Directorate of Criminal Investigations, a statement from the law enforcement...
Major Blow To Panamanians As President Vetoes Crypto Regulation Legislation ⋆ ZyCrypto
Advertisement     Panama’s President Laurentino Cortizo has shot down a previously approved pro-crypto bill that would allow citizens to use cryptocurrencies as a mean...
Former SEC Chair Jay Clayton Talks Rapidly Evolving Crypto Regulation Landscape
“If you look at different products or different aspects of what I would call the overall crypto ecosystem, [you] have products that span the jurisdiction of various domestic regulators, ” said C...
Bill Presented in Brazil Seeks to Include Crypto as Approved Means of Payment – Regulation Bitcoin News
A new bill presented in Brazil is trying to introduce bitcoin and other cryptocurrencies as an approved means of payment in the country. The bill, presented by Federal Deputy Paulo Martins, proposes t...
Colombian Financial Superintendence Prepares Norms for Crypto Transactions – Regulation Bitcoin News
The Colombian Financial Superintendence, the securities and financial watchdog of the country, is working on a document to regulate the transactions and operations made using cryptocurrency assets in ...
Crypto Payments Possible if They Don’t Penetrate Russia’s Financial System, Central Bank Says – Regulation Bitcoin News
Cryptocurrencies can be used for international payments if they don’t penetrate the Russian financial system, the head of Bank of Russia has stated. The governor also insisted that the digital assets ...
Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments – Regulation Bitcoin News
Amid the growing popularity of cryptocurrencies in Kyrgyzstan, the country’s central bank has reminded citizens about the risks associated with the digital assets. The monetary authority also warned t...
CFTC Presses For More Crypto Regulation As Markets Tumble
Global regulators and investors are closely monitoring the ongoing collapse of the cryptocurrency market. In the meantime, CFTC’s Commissioner Christy Goldsmith Romero in an event mentioned that the G...
Congress preps hearing on ‘Future of Digital Assets Regulation’ for later this month
The House of Representatives is preparing to hear testimony on digital asset regulation later this month, The Block has learned. Three sources with knowledge of the matter say that the House Agricult...
SEC boss calls for urgent crypto regulation as market carnage persists
As the cryptocurrency market continues to move in a downward pattern in one of its worst bearish slumps in history, financial regulators are using the situation as an argument that the new asset class...
South Korean Government Calls for Voluntary Regulations From Crypto Industry – Regulation Bitcoin News
The executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary regulatory measures, a Korean media report revealed. The call wa...
Harvard expert warns of potential ‘harm’ to index investing, as Republican bill takes on ‘woke fund managers’
Senators and legal experts tussled Tuesday over the merits of a Republican bill that aims to reduce the voting power of the three index-investing giants — BlackRock, Vanguard and State Street. Republi...
Cardano Founder Charles Hoskinson Comments on XRP Lawsuit, Calls It ‘Regulation Through Enforcement’
Cardano (ADA) founder Charles Hoskinson doesn’t think highly of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple. The SEC sued Ripple in late 2020, alleging the payments firm...