Search
Bitcoin is a Victim of a Regulatory Crackdown on Chinese Miners; What’s Next?
29.7.2021
Bitcoin (BTC/USD) made a low of around $29927.00, below $30000 on June 22, for the 1st time since January of 2021 amid a growing globally synchronized regulatory crackdown on Cryptos especially in China, where authorities in certain provinces ordered Bitcoin mining projects to close. As...
Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors
29.7.2021
Mutual funds provider ProFund aims to enable crypto exposure for investors without actually buying Bitcoin
Signs of a Crypto Regulatory Climbdown from South Korea’s Ruling Party
28.7.2021
South Korean ruling party’s crypto task force has met with a number of major domestic crypto exchanges – an indication that it could advise the government to revise or even soften its hardline policy on regulation.
As reported, the next South Korean presidential election is scheduled to take place...
Senator Warren Urges Treasury Secretary Yellen to Urgently Adopt Policy to Mitigate Cryptocurrencies’ Risks
28.7.2021
U.S. Senator Elizabeth Warren has asked Treasury Secretary Janet Yellen to “act with urgency” and adopt an appropriate policy to address the risks posed by cryptocurrencies. “The longer that the United States waits to adapt the proper regulatory regime for these assets, the more...
Central Bank of Colombia Announces First Blockchain Bond Pilot Program
24.7.2021
The Central Bank of Colombia has announced its involvement in the first blockchain bond pilot program in the country, with the participation of the Interamerican Development Bank (IDB) and Davivienda, a private commercial bank. The proof of concept will use the Lacchain blockchain platform...
Binance Is Hunting for a New CEO — Exchange’s US Venture ‘Looks at Potential IPO Route’
23.7.2021
Binance CEO Changpeng “CZ” Zhao has explained in a recent interview that the company is looking to launch a U.S.-based initial public offering (IPO) in the future. The crypto exchange has been stuck in regulatory crosshairs during the last few weeks and has had issues with payment...
BlockFi Fights Regulatory Fire in 3 US States; Reportedly Wants to Go Public
23.7.2021
Source: A screenshot, Instagram/blockfi
More state regulators are beginning to follow suit with New Jersey after the state Attorney General last week was reported to have served BlockFi, a leading American crypto lending firm, with a cease and desist order: Alabama and Texas have dished out similar...
SEC Chairman Outlines Regulation of Crypto Assets Relating to Security-Based Swaps
22.7.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has clarified how cryptocurrencies falling under security-based swaps are regulated. He affirmed that platforms operating in the centralized or decentralized finance space are implicated by the securities laws....
NatWest cuts payment channels to Binance citing regulatory uncertainty
22.7.2021
“It’s like people can’t spend their money on what they want anymore,” one Twitter user noted regarding NatWest’s action against Binance
Treasury Secretary Yellen Asks US Regulators Overseeing Crypto Assets to ‘Act Quickly’ to Regulate Stablecoins
21.7.2021
U.S. Treasury Secretary Janet Yellen has asked the regulators overseeing crypto assets to “act quickly to ensure there is an appropriate U.S. regulatory framework in place” for stablecoins. U.S. Department of the Treasury’s Office of Public Affairs announced Monday the outcome...
Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests
20.7.2021
Most institutional investors look forward to adding digital assets to their portfolios, in spite of concerns over crypto market volatility. More than half of the respondents in a new survey conducted by Fidelity’s crypto subsidiary have revealed they already have digital asset investments....
BlockFi Runs into ‘Security’-related Regulatory Problems in New Jersey
20.7.2021
Source: Adobe/Александр Бердюгин
Regulators appear set to continue ramping up their scrutiny of the crypto industry – with BlockFi, the major American crypto lending business, served with a cease and desist order by the Attorney General (AG) of New Jersey.
The AG is reportedly set to accuse BlockFi...
Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins
19.7.2021
Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.”
Binance Quits Stock Token Trading as Hong Kong Adds to Mounting Regulatory Pressure
17.7.2021
Cryptocurrency exchange Binance has announced it will no longer support the trading of stock tokens. The decision comes against the backdrop of an ongoing regulatory crackdown, with Hong Kong becoming the latest to declare that the platform is not licensed to provide such services in...
Visa, Mastercard Monitor Binance’s Regulatory Compliance as More Regulators Scrutinize the Crypto Exchange
16.7.2021
Payments giants Visa and Mastercard say they are monitoring Binance’s regulatory compliance developments as more regulators come after the global crypto exchange for operating in their countries without authorization. Visa, Mastercard Monitoring Binance’s Regulatory Troubles Visa...
Lithuania Issues Warning to Binance, Warns Investors Crypto Services Are Not Regulated
16.7.2021
Binance’s regulatory troubles continue with Lithuania being the latest country to issue a warning about the cryptocurrency exchange. Lithuania’s announcement came one day after Italy issued a similar warning. Lithuania Warns Binance Lithuania’s central bank announced Friday that...
Italian Regulator Warns Binance Crypto Exchange Not Authorized to Provide Investment Services in Italy
15.7.2021
Binance’s regulatory troubles grow with Italy being the latest country to issue a warning on the global cryptocurrency exchange. Other countries that have issued similar warnings include the U.K., Japan, Thailand, and the Cayman Islands. Crypto Exchange Binance Unauthorized in Italy...
Former Bitmain CEO Jihan Wu: Regulatory crackdown may be good for crypto
13.7.2021
Wu also pitched Singapore, where his current company Matrixport is based, as a strong contender to serve as "a hub for crypto innovations."
Binance CEO Changpeng Zhao Ponders Regulation: ‘Compliance Is a Journey’ in Crypto
9.7.2021
Binance CEO Changpeng Zhao stated his take on the recent regulatory crackdown Binance is facing. In a blog post, Zhao explains Binance aims to comply with local regulations. However, he also stated cryptocurrency was a nascent industry, and there are a lot of uncertainties in the field. Binance...
Market Wrap: Bitcoin Sells Off as Regulatory Concerns Resurface
8.7.2021
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm