The central bank of Pakistan does not see many good use cases for crypto. However, the regulator cites “a lot of misuses” of cryptocurrency around the world, “including human rights violations, traffi...
Tag: Regulation
US Lawmakers Introduce Bill to Sanction Russia’s Gold – Regulation Bitcoin News
Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to ...
FinCEN Issues ‘Red Flags’ on Potential Sanctions Evasion Using Cryptocurrency – Regulation Bitcoin News
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory on Russian efforts to evade sanctions that includes a number of crypto-related red flags. However, the bureau admitted that it ...
Biden’s ready executive order on crypto regulation
According to a White House source, US President Joe Biden is expected to issue an executive order this week requiring the Department of Justice, Treasury and other government agencies to investigate t...
President Biden’s Upcoming Executive Order On Crypto The First Step Towards Proper Regulation
United States President Joe Biden is set to sign a highly anticipated and long-awaited executive order on cryptocurrencies sometime this week. The order is widely seen as the first step towards regula...
South African Regulator Explains Why It Has Been Targeting Global Crypto Exchanges – Regulation Bitcoin News
Brandon Topham, the head of enforcement at South Africa’s financial sector regulator, has insisted that his organization has not issued warnings to some global exchanges because they deal in crypto. R...
Coinbase Blacklists Over 25,000 Crypto Addresses Tied to Russian Individuals and Entities – Regulation Bitcoin News
The cryptocurrency exchange Coinbase has addressed the company’s procedures toward complying with sanctions in a blog post published on Sunday. The crypto firm says that respecting sanctions plays a “...
LBMA Asks 6 Russian Gold Refiners if They Have Ties to Sanctioned Entities – Regulation Bitcoin News
The London Bullion Market Association (LBMA) said it wants six accredited Russian gold refiners to clarify if they have commercial ties with sanctioned Russian entities. The association’s request come...
Official Says Switzerland May ‘Target’ Crypto Assets Belonging to Sanctioned Russians – Regulation Bitcoin News
Neutral Switzerland may target crypto assets within its territory that belong to sanctioned Russian entities, a report has said. The report quotes an official who explains that the move is designed to...
Fed Chair Jerome Powell Says Cryptocurrency Needs Regulation To Prevent Terrorist Financing
The Chairman of the U.S. Federal Reserve says that the crypto industry needs to form regulations to thwart digital assets from being used to finance terrorism and other crimes. In a testimony before t...
Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto Assets – Regulation Bitcoin News
As financial authorities around the world continue to target sanctioned Russian entities, regulators in Japan along with the country’s crypto association are attempting to find and close gaps that may...
US Lawmakers Working on Policy to Open Crypto Markets to Institutional Investors, Says Kevin O’Leary – Regulation Bitcoin News
Kevin O’Leary, aka Mr. Wonderful, has revealed that a group of U.S. lawmakers is working on a policy to open crypto markets to institutional investors. “The good news is they are all over it and agree...
Russia Proceeds With Efforts to Legalize Crypto Amid Sanctions Over Ukraine – Regulation Bitcoin News
Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid war...
Crypto industry seeks to educate, influence US lawmakers as it faces increasing regulation
Interaction between the cryptocurrency industry and Capitol Hill is becoming ever more intensive as efforts to regulate crypto grow in tandem with its popularity. The surge in crypto industry lobbying...
Crypto Not Suitable as Means of Payment or Store of Value – Regulation Bitcoin News
Malaysia’s deputy finance minister says that cryptocurrencies, such as bitcoin and ethereum, are not suitable as a means of payment or a store of value. While digital assets are not recognized as lega...
US Treasury Monitoring Crypto Use to Evade Sanctions, Says Treasury Secretary Yellen – Regulation Bitcoin News
U.S. Treasury Secretary Janet Yellen says the Treasury Department is monitoring Russian efforts to evade sanctions using cryptocurrency. Four U.S. senators have written to Yellen raising concerns abou...
Hillary Clinton Urges Regulation of Crypto Exchanges for National Security Purposes in Wake of Russian Sanctions
Former Secretary of State Hillary Clinton is imploring cryptocurrency exchanges to deny access to Russian users as part of the United States’ broader effort to apply economic pressure after Vladimir P...
Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation – Regulation Bitcoin News
A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move com...
Payments Firm FIS Worldpay Taps Shyft Network, Enhance Global Crypto Regulation Compliance
FIS, a US multinational corporation that offers a wide range of financial products and services, on Wednesday announced that its subsidiary business, Worldpay, has selected the Shyft Network, as part ...
Federal Reserve Chairman Says Russia-Ukraine Conflict Highlights Need For Crypto Regulation
Jerome Powell – Chairman of the Federal Reserve – recently testified in front of the House Financial Services Committee on the state of the economy, and future monetary policy. Given the various sanc...
UK Regulator Bans Floki Inu Ad for Being Irresponsible, Exploiting Investor FOMO – Regulation Bitcoin News
The U.K.’s advertising authority has banned an ad for cryptocurrency floki inu (FLOKI). The authority says the ad’s “Missed Doge? Get Floki” claim “exploited consumers’ fears of missing out and trivia...
US lawmakers and Fed chair push for crypto regulation in wake of Russia sanctions
Federal Reserve Chair Pro Tempore Jerome Powell and some members of the United States House of Representatives called for congressional action on crypto in response to discussions about Russia potenti...
EU Data Act Proposes Shutdown Function for Smart Contracts – Regulation Bitcoin News
The European Union has published its new Data Act, a law proposal that aims to regulate the generation and handling of data by the actors that harness it. The act, in its large scope, touches on the s...
Ripple (XRP) Seeks to Collaborate with Congress on Smart Cryptocurrency Regulation: Details
Tomiwabold Olajide Ripple seeks to work proactively with Congress and regulators on smart regulation Ripple’s Head of Public Policy Susan Friedman states that many entities in the crypto space, ...
Hillary Clinton Urges Biden Administration to Pressure Crypto Exchanges to Block Russian Users – Regulation Bitcoin News
Former presidential candidate Hillary Clinton has criticized the Biden administration and European governments for not pressuring cryptocurrency exchanges to end transactions with Russian users. She b...
Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency
Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia. The move comes in respon...
European Central Bank President Urges Speedy Approval of New Broad Crypto Regulation
The vote on proposed crypto regulation for the European Union is being delayed just days after the head of the European Central Bank (ECB) urged the legislation’s passage. At an informal meeting last ...
Israel Defense Ministry Seized Crypto Wallets Holding Hamas-Destined Funds – Regulation Bitcoin News
Israel’s Defense Ministry seized cryptocurrency wallets holding funds that were destined for Hamas, a report has said. The wallets belonged to businesses that are associated with Al’matchadun currency...
There Are Benefits to Self-Reporting Violations and Working With Us – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has revealed that there are benefits for cryptocurrency companies to self-report their violations of securities laws to the regulator. While noting th...