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Tag: Regulation
‘We are not sure how prepared we are for retirement’ – we are 60 and 61, and don’t know how much longer we can work, have $360,000 in retirement savings and a pension
I am a 61-year-old teacher in Missouri who plans to work 3-4 more years before retiring. Depending on what option my husband and I choose from the Public School Retirement System, we should get betwee...
OCC chief continues push for bank-style regulation for stablecoin issuers in the US
The leader of the Office of the Comptroller of the Currency, a US banking regulator, is continuing the Biden administration’s push for bank-style regulation for stablecoin issuers. On April 8, M...
Binance poaches FCA official as global regulation head
Crypto exchange giant Binance has appointed a top official from the UK’s Financial Conduct Authority (FCA) as its global director of regulatory policy. Steven McWhirter left the regulator after...
Treasury Secretary Yellen Says Crypto Regulation Should Support Responsible Innovation, Manage Risks – Regulation Bitcoin News
Treasury Secretary Yellen says the regulatory frameworks for crypto assets in the U.S. should “support responsible innovation while managing risks.” She emphasized, “Regulation should be based on risk...
7 Major Developments In The Climate Tool Marketplace
Climate risks are rising all across the world. Financial institutions and corporations are turning … [+] to analytical tools to help understand them. AFP via Getty Images As the financial sector...
National Bank of Georgia to Regulate Country’s Crypto Sector – Regulation Bitcoin News
The National Bank of Georgia is taking steps to regulate the crypto market in the Southern Caucasus country, its governor revealed in a recent interview. While companies in the industry are to expect ...
MicroStrategy’s Saylor and ARK Invest’s Wood aren’t worried about bitcoin and regulation
MicroStrategy CEO Michael Saylor said that two years ago, Merrill Lynch laughed him out the door when he said he wanted to buy bitcoin. “They said ‘not only are we not going to sell it to you, we’ll g...
Better Business Bureau discusses crypto heists and the inadequate regulation in 2021
TL;DR Breakdown • BBB indicates that $8M was lost in crypto fraud.• The president of the Better Business Bureau believes there is a lot of misinformation about cryptos. Recently, Better Business Burea...
Treasury Secretary Yellen lays out principles for cryptocurrency regulation
The Treasury has staked out its vision for crypto policy, sort of. On April 7, Treasury Secretary Janet Yellen gave a speech on digital assets — the first of its kind during her term. The speech is an...
Janet Yellen calls for crypto regulation based on risk
TL;DR Breakdown The United States Treasury Secretary, Janet Yellen, calls for crypto regulations that strike a balance between risk and innovation. Crypto scams and increased fraud cases force governm...
Dubai Is Finding Itself at the Center of Crypto Regulation
Dubai – the capital of the United Arab Emirates in the Middle East – has unveiled a new digital currency law that apparently a lot of other countries could learn from. The law allows for increased inn...
The Reasons To Regulate AI Algorithms Are Simpler Than You Think
Do you worry artificial intelligence will take over the world? Many do. From Elon Musk worrying about DeepMind beating humans in the advanced game of Go in 2017, to members of Congress, European polic...
Retired? Here’s when you don’t have to file your taxes – and when you do
Not all seniors need to file a tax return, but others may incorrectly think they fall in this category – don’t make that mistake. Retirement Tip of the Week: If you don’t plan to file a tax return th...
Four Nigerian Lenders Penalized for Failing to Block Crypto Transactions – Regulation Bitcoin News
The Nigerian central bank recently fined four financial institutions it accuses of failing to stop clients from using their respective platforms to conduct cryptocurrency transactions. According to on...
Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions – Regulation Bitcoin News
The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western r...
US Senator Patrick Toomey proposes a stablecoin regulation bill
The cryptocurrency regulatory framework in the US has been shifting over the past few months. Lawmakers have introduced several bills that seek to bring regulatory clarity to the buzzing industry. Sen...
Investor Kevin O’Leary touts proactive regulation and policy at Bitcoin 2022
Investor and Shark Tank personality Kevin O’Leary gave a decidedly pro-policy message during his keynote at the Bitcoin 2022 conference in Miami . During his keynote on Wednesday, O’Leary ...
Indian Parliament Member Insists Crypto Is Like Gambling — Wants to Tax at 50% – Regulation Bitcoin News
An Indian parliament member says crypto is like gambling and must be taxed at a very high rate, such as 50%. “We need to discourage and disincentivize” trading and investing in the asset class, he str...
Bank of England Governor Says Crypto Creates ‘Opportunity for the Downright Criminal’ – Regulation Bitcoin News
The governor of the Bank of England, Andrew Bailey, has warned that crypto creates an “opportunity for the downright criminal.” The central bank chief described: “You only have to ask the question ‘Wh...
The Ripple connection in Gensler’s plan to collaborate with CFTC on crypto regulation
SEC Chair Gary Gensler revealed the collaborative crypto regulation plans through a speech delivered during the Penn Law Capital Markets Association’s annual conference on 4 April. The speech undersco...
Top US Lawmaker Proposes Sweeping Stablecoin Regulation Framework
Sen. Patrick Toomey (R-Pa.), the ranking member of the committee, announced the “Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022,” dubbed the Stablecoin TRUST...
SEC Chair Gensler Asks Staff to Collaborate With CFTC on Regulating Crypto Exchanges – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has asked SEC staff to collaborate with the Commodity Futures Trading Commission (CFTC) to develop a new plan to regula...
UK Regulator FCA to Consult Crypto Industry Concerning Ecosystem & Regulation
The United Kingdom Financial Conduct Authority (FCA) is calling stakeholders in the digital currency ecosystem to a two-day CryptoSprint event that will be taking place on 10 and 11 May, respectively....
SEC Chair Gary Gensler Says Crypto Industry Hype Reminds Him of Dot-Com Bubble, Urges Regulation
U.S. Securities and Exchange Commission (SEC) chair Gary Gensler says the current buzz surrounding crypto is reminiscent of the dot-com craze during the late nineties and early 2000s. In a new prepare...
SEC Chair Gary Gensler Speaks on Regulation for Stablecoins and Crypto
US regulators’ attention has been focusing on stablecoins for some time. The regulatory attention grew when the President’s Working Group on Financial Markets issued a report that called for the restr...
‘Only a few’ cryptos should avoid SEC oversight, Chairman Gensler says
The vast majority of crypto tokens in circulation are securities that should be overseen by the Securities and Exchange Commission, Chairman Gary Gensler said in a speech Monday. “The fact is, most cr...
UK Government Unveils Plans to Revamp Regulation on Stablecoins as Payments – crypto.news
The UK Government has taken a step closer to mainstreaming cryptocurrencies by announcing plans to allow so-called stablecoins to be used as payment within the country. Plans to Incorporate Payments i...
UK Unveils Comprehensive Plan to Become Global Crypto Hub With Dynamic Regulation – Regulation Bitcoin News
The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, ...