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Government Official Discusses Indian Crypto Policy, Global Regulations, G20 Meeting
5.2.2022
India’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing cryptocurrency legislation. He expects crypto regulation to be discussed at the upcoming G20 meeting for finance ministers and central bank governors. Economic...
India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation
2.2.2022
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to look at what’s happening internationally,” he explained. Crypto...
Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity
1.2.2022
A recent survey by Deloitte shows that 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of crypto assets. Moreover, 77.4% of respondents want cryptocurrency to be treated as securities. Indian Crypto Survey: 82% Plan to Invest...
Nigerian Lawmakers Urged to Consider Regulating Crypto Industry After Proposal to Jail Ponzi Operators
27.1.2022
The leader of the Nigerian blockchain association, Senator Ihenyen, has implored the country’s lawmakers — currently pushing for the securities law to be revamped — to consider crafting laws that regulate the crypto industry. Proposed Law Does Not Expressly Mention...
Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment
26.1.2022
Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was issued by the Bank of Thailand, the Thai Securities and Exchange...
SEC Has Taken 97 Crypto Enforcement Actions So Far — Crypto a Top Priority for Chairman Gensler
24.1.2022
The U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monetary penalties against digital asset market participants. 97 Crypto Enforcement Actions Cornerstone...
UBS Warns of Crypto Winter Amid Expectation of Fed Rate Hikes and Regulation
24.1.2022
UBS, Switzerland’s largest bank, has warned about a crypto winter where prices crash and may not recover for years. The bank’s analysts explained several major reasons affecting the prices of cryptocurrencies. UBS Expects Crypto Winter That Could Last Years Switzerland’s...
Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report
24.1.2022
The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The strategy could be released as soon as next month. US Government-Wide Crypto Strategy The Biden...
Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset Bill to Parliament
22.1.2022
The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to have laws regulating cryptocurrencies. Preventing the Proliferation of Risks Associated With Cryptos A Botswana...
Russian Central Bank Proposes Crypto Use and Mining Ban
20.1.2022
The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges too.
The bank is citing threats to financial stability, economic security, and monetary policy sovereignty to justify this...
Pakistan Telecom Authority Asked to Block Over 1,600 Crypto Sites — Minister Says Government Intends to ‘Regularize’ Crypto
20.1.2022
The Pakistan Telecommunication Authority has been requested to ban more than 1,600 crypto websites by the Federal Investigation Agency (FIA). The action followed a complete crypto ban recommendation by the central bank, the State Bank of Pakistan (SBP). Meanwhile, the country’s science...
Pakistan Seeks to Block Websites Dealing in Cryptocurrency: Report
16.1.2022
Pakistan’s Federal Investigation Agency (FIA) is reportedly seeking to block websites dealing in cryptocurrency. The decision followed a meeting the agency had with the State Bank of Pakistan (SBP) which recently recommended a complete ban on crypto. Pakistan’s FIA Reportedly Seeks...
SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won’t Say if Ethereum Is a Security
12.1.2022
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 regulating the crypto space. “Our role at the SEC is to ensure that the public still gets...
UK Lawmakers Form Crypto and Digital Assets Group to Ensure Regulation Supports Innovation
11.1.2022
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 also now reviewing their approach to crypto and how it should be regulated,” said...
Estonia Offers to Share Crypto Experience With US to Identify Best Practices for Digital Assets
11.1.2022
Estonian Finance Minister Keit Pentus-Rosimannus has offered to share her country’s experience in regulating cryptocurrencies with the U.S. in a discussion with Treasury Secretary Janet Yellen. Estonia Offers to Share Crypto Experience With the US U.S. Treasury Secretary Janet Yellen...
Mai Capital Predicts Tough Year for Crypto — Expects Bitcoin and Ethereum to Do Well Once Regulations Come Into Focus
9.1.2022
Mai Capital Management’s chief equity strategist and regional president, Chris Grisanti, has predicted that this year will be tough for crypto largely due to regulations. However, he expects established cryptocurrencies, such as bitcoin and ether, to “do quite well” once...
India’s Monetary Policy Committee Member: Total Crypto Ban Is Difficult to Implement, Crypto Assets Should Be Regulated
5.1.2022
A renowned economist who is a member of India’s Monetary Policy Committee says that a total cryptocurrency ban is difficult to implement and “would only increase illegal activities and participation in the darknet.” She believes that crypto assets should be regulated. Monetary...
Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’
1.1.2022
The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed...
SEC Chairman Gary Gensler Adds Crypto Adviser to Executive Staff
31.12.2021
The U.S. Securities and Exchange Commission (SEC) has added a number of advisers to Chairman Gary Gensler’s executive staff. Among them is Corey Frayer, who advises Gensler on “SEC policymaking and interagency work relating to the oversight of crypto assets.” SEC Has...
Legal Experts Say It’s Too Late to Ban Crypto, India Needs Comprehensive Regulation
29.12.2021
Indian legal experts reportedly say that it is too late to ban cryptocurrency despite calls for a complete crypto ban by the central bank, the Reserve Bank of India (RBI). The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, also passed a resolution calling...