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Indian Crypto Exchange Says 82% of Users Earn Profits This Year, Trading Volume Soars 1,735%
17.12.2021
A major cryptocurrency exchange in India, Wazirx, has reported “a massive surge in user signups” this year, with 82% of its users making profits on their crypto investments. Its trading volume also rose 1,735% from the previous year. Meanwhile, the Indian government is actively...
Senate hearing on stablecoins: Compliance anxiety and Republican pushback
17.12.2021
As stablecoins issuers were put under the pressure of Democratic witnesses, Senator Pat Toomey released his own set of regulatory principles
New Cryptocurrency Bill Advances to Senate in Brazil
17.12.2021
A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if approved, would introduce a central body to regulate all cryptocurrency brokerage activity — ostensibly the Central...
Russia: Total Ban on Crypto Ownership Still on Table, Says Top Official
17.12.2021
Russian lawmakers’ seemingly endless quest to introduce crypto regulation in the country could culminate in a complete ban on the ownership and purchase of coins, says the elusive regulation’s chief architect....
Read More: Russia: Total Ban on Crypto Ownership Still on Table, Says Top Official
Russia to decide between blanket crypto ban and legalizing exchanges in 2022
16.12.2021
The world's biggest country will reach a crossroads on crypto regulation as it enters 2022
‘I'm a huge believer in crypto technology,’ says former US SEC chair
16.12.2021
Jay Clayton said that cryptocurrencies have numerous purposes and are connected to a variety of industries, and the SEC should be in charge of regulating only those sectors that are linked to it
US Senate confirms CFTC chair as President Biden announces commissioner picks
16.12.2021
At his October confirmation hearing, Rostin Behnam said it was "critically important to have a primary cop on the beat" of an emerging market that included cryptocurrencies and stablecoins
Fed Chair Jerome Powell Dismisses Cryptocurrencies as Financial Stability Concern but Warns They’re Risky
16.12.2021
Federal Reserve Chairman Jerome Powell says that he does not see cryptocurrencies as a financial stability concern. However, he noted that they are risky and “there’s big consumer issues for consumers who may or may not understand what they’re getting.” Fed Chair Powell...
Russian Crypto Miners Tell Lawmakers: ‘Hurry up and Legalize Our Industry’
16.12.2021
Russian crypto miners say they want their industry to be legalized – and hope that official status could help them avoid spats with power providers.
Lenta reported that the situation for miners in the Irkutsk Oblast in Siberia has deteriorated of late....
Read More: Russian Crypto Miners Tell...
Indian Government to Make Additional Changes to Crypto Bill: Report
16.12.2021
The Indian government is reportedly making additional changes to the country’s crypto bill. The bill, which is listed for the current session of parliament, may be taken up in the budget session instead. According to reports, the government could also “consider bringing an ordinance...
IMF chief economist calls for global policy on cryptocurrency
16.12.2021
The economist's remarks come as nations around the world consider how to control cryptocurrencies
Aussie Regulatory Body Backs Government’s Plan to Regulate Crypto
16.12.2021
In a bid to develop new regulations for cryptocurrencies and other digital assets, Australia’s regulators - acting through their joint body, the Council of Financial Regulators (CFR) - have released a statement in which they embrace the government’s plan to implement a payments and crypto-asset...
Hard to Regulate Crypto Without Global Consensus, Admits Top IMF Official
16.12.2021
A key figure at the International Monetary Fund (IMF) has conceded that regulating crypto will need nothing short of a concerted global effort – and a worldwide agreement on crypto that most would argue seems far from achieving any time soon....
Read More: Hard to Regulate Crypto Without Global...
UK Bans Crypto Ads by Papa John’s Pizza, Coinbase, Etoro, Luno, Kraken
16.12.2021
The U.K. advertising watchdog has banned several cryptocurrency ads, including those by Papa John’s Pizza, Coinbase, Kraken, Etoro, and Luno. The authority says the ads are “misleading” and “irresponsibly taking advantage of consumers’ inexperience.”...
US Senator Says Defi Is the Most Dangerous Part of Crypto – Urges Regulators to Clamp Down Before It’s Too Late
16.12.2021
U.S. Senator Elizabeth Warren has called on regulators to clamp down on decentralized finance (defi) and stablecoins “before it’s too late.” She said: “Defi is the most dangerous part of the crypto world … it’s where the scammers, the cheats, and...
Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022
16.12.2021
According to the U.S. lawmakers, the infrastructure law contains an “overly-broad interpretation” of what a broker is and places the reporting burden on individuals who may not have the necessary information to comply
Fed chair Jerome Powell says he isn't concerned about crypto disrupting financial stability in the US
15.12.2021
“Stablecoins can certainly be a useful, efficient consumer-serving part of the financial system if they’re properly regulated,” said Jerome Powell
Looking for a Country with Clearest Crypto Tax Policies? Check This List
15.12.2021
The European microstate of Liechtenstein came in as the country with the clearest crypto tax policies for 2021, while Germany, coming in as number four, saw one of the best improvements since last year, a new report from consulting giant PwC has found.
Following Liechtenstein, Australia and Malta...
Crypto in the House: Execs on the march, US partisan politics and Web3
15.12.2021
A largely proclaimatory meetup generated a positive response, with the industry appearing ready for a busy new year on the Hill
UK Watchdog Teaches Coinbase, Kraken, and Others How to Advertise Crypto
15.12.2021
The UK's Advertising Standards Authority (ASA) has decided to ban seven crypto-related advertisements. The latest batch of bans illustrates that, in their online communications, businesses must take great care to fashion their crypto-related messages in a maximally neutral way and avoid drawing...