Singapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public. The central bank emphasized that “the trading of cryptocurrencies is highly risky and not sui...
Tag: Regulation
South African Crypto Regulation Coming in 2022, Say Crypto CEOs
Regulations from the South African Reserve Bank and the Financial Sector Conduct Authority that promote legitimate partnerships of crypto firms with banks are expected in South Africa in 2022. South A...
OCC Chief Calls for Collaboration of Federal Entities in Crypto Regulation
The U.S. Office of the Comptroller of the Currency (OCC) says that federal authorities must cooperate in order to properly regulate the crypto industry. In a recent speech, Acting Comptroller of Curre...
India’s Prime Minister Calls for Uniform Approach to Crypto Regulation
Alex Dovbnya Indian Prime Minister Narendra Modi urged other countries to jointly shape cryptocurrency regulations Prime Minister Narendra Modi urged other countries to come up with a uniform approach...
‘It’s Important That We Get a Bit More Clarity From Regulators’ – Regulation Bitcoin News
Robinhood’s chief financial officer has revealed the popular trading platform’s crypto priority and the potential of listing more cryptocurrencies. “We’re a highly regulated company in a highly regula...
A Former US Senator and Ambassador to China on the Need for Stablecoin Regulation
This episode is sponsored by Nexo, Abra and FTX US. Download this episode This week’s “Long Reads Sunday” reading is Max Baucus’ “The Urgent Need for Regulatory Clarity on Stablecoins.” See also: Stri...
Lawyer Points to Agreement Relating to Johann Steynberg’s Extradition to South Africa – Regulation Bitcoin News
With Johann Steynberg now in custody in Brazil, a lawyer has suggested that South Africa may have to resort to an existing legal assistance agreement with Brazil if it wishes to have the CEO extradite...
Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in Russia – Regulation Bitcoin News
Russians who use cryptocurrency should not be anonymous, the man who chairs Russia’s federal investigating authority has recently stated. The official leading efforts to fight corruption in the govern...
‘Not all the money belongs to you’: Self-employed? Avoid these mistakes when filing your 2021 taxes
More Americans are becoming their own boss as the “Great Resignation” continues. Now they’ll have to resign themselves to the fact that their tax situation is likely going to become more complicated. ...
Crypto Could Soon Pose Risks to Countries’ Financial Stability – Regulation Bitcoin News
Economists at the International Monetary Fund (IMF) say that “crypto assets are no longer on the fringe of the financial system.” In addition, they “could soon pose risks to financial stability especi...
Navient to cancel $1.7 billion in private student loans as part of settlement with 39 attorneys general
Roughly 66,000 borrowers will see their private student loans canceled — totaling more than $1.7 billion in relief — thanks to a deal between 39 state attorneys general and student-loan giant Navient ...
OCC Chief: Bank Regulation Can Put ‘Stable’ in Stablecoins
The Office of the Comptroller of the Currency (OCC) is charged with regulating all national banks within the U.S. But its acting head implied the agency has the wherewithal to bring stablecoins under ...
OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation
Regulating stablecoin issuers like banks could encourage innovation in the crypto industry, according to top U.S. banking regulator Michael Hsu. Speaking at an event on Thursday, Hsu – the acting comp...
US Lawmaker Launches Bill to Prohibit the Fed From Issuing Digital Currency Directly to Individuals – Regulation Bitcoin News
A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed doe...
Regulation Could Bolster Stablecoin Innovation
Acting comptroller of the Office of the Comptroller of the Currency (OCC), Michael Hsu has revealed that regulating stablecoin issuers like banks, could help innovations thrive in the crypto industry....
Regulation, Web 3, Billing: Predictions for 2022
“By the end of the year, all of the notable RIAs in this space are going to be in. I don’t necessarily mean allocating, but just doing something whether it’s education, webinars, tax planning, estate ...
India Seizes Assets in $162M Morris Coin Cryptocurrency Investment Scheme – Regulation Bitcoin News
Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. Th...
US Federal Trade Commission Warns Consumers About Falling for Crypto ATM Scam – Regulation Bitcoin News
The U.S. Federal Trade Commission (FTC) has warned consumers about scams involving cryptocurrency ATMs. “There’s a new spin on scammers asking people to pay with cryptocurrency,” the FTC described. FT...
Sweeping Crypto Regulation Is On Its Way That Could Either Provide Clarity Or Stifle Innovation In Coming Weeks ⋆ ZyCrypto
Advertisement     Analysts are expecting a wave of cryptocurrency legislation in the coming months for the US. Underneath the hype is the concern that the new legislat...
Crypto Regulation Coming – Hong Kong Fears Crypto May Endanger Financial System If Not Monitored
Yuri Molchan Hong Kong plans to create a crypto regulation plan by mid-summer and implement it within next few years Contents Hong Kong prepares crypto regulation plan Pantera Capital-backed HK exchan...
Opinion: Citadel’s $1.15 billion cash infusion isn’t a bailout but the final test of Ken Griffin’s ‘Death Star’
When you add more than a billion dollars’ worth of liquidity to a market maker that already executed more than one of every four trades in the U.S. markets on a daily basis, while simultaneously givin...
These 14 bank stocks are in the best position to benefit from rising interest rates
What would you say if you were told about a company whose stock was trading much lower to expected earnings per share than the S&P 500 Index? At the same time, it’s also expected to increase EPS n...
Crypto Regulation Remains to Unfold in 2022
As cryptocurrencies enter into a new year after experiencing new highs last year, new changes await, among which regulation is top of the list. Jeffrey Wang, head of Americas for the Amber Group, said...
SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won’t Say if Ethereum Is a Security – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has explained how securities laws apply to cryptocurrency tokens as he outlined the commission’s priorities in regulati...
Binance is embracing regulation as it eyes UAE for its next global hub
The world’s largest cryptocurrency exchange has had a turbulent year when it comes to regulation. With market authorities around the globe clamping down on Binance for its alleged failure to comply wi...
UK Lawmakers Form Crypto and Digital Assets Group to Ensure Regulation Supports Innovation – Regulation Bitcoin News
U.K. lawmakers have formed the Crypto and Digital Assets Group to ensure that new rules for the crypto industry support innovation. “We are at a crucial time for the sector as global policymakers are ...
Hong Kong Monetary Authority Calls for Comments on its Crypto Regulation Paper
Hong Kong is looking to expand its crypto regulation to cover trading platforms and stablecoins and non-asset-backed cryptocurrencies. Hong Kong’s central bank is looking for comments on cryptocurrenc...