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Crypto's Banking Problem: Industry Needs Access but US Regulators Keep Digital Assets at Bay
13.2.2023
Crypto can’t become what many of its proponents want it to be without banks, but U.S. regulators are circling the wagons around the banking system they oversee. That barrier is only getting wider as the Federal Reserve and other agencies turn away crypto firms trying to link with the traditional...
Paxos ‘Categorically Disagrees’ With SEC That BUSD Is a Security, Says It Will Litigate if Needed
13.2.2023
The stablecoin issuer confirmed it has received a Wells Notice from the SEC, indicating a possible enforcement action is forthcoming
Circle Sounded Alarm on Paxos, Told NYDFS Binance’s Stablecoin Wasn’t Fully Backed: Bloomberg
13.2.2023
New York’s top financial regulator is investigating stablecoin issuer Paxos – and, according to a new report, it was rival stablecoin issuer Circle that sounded an alarm
Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says
13.2.2023
Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax...
Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force
11.2.2023
A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different categories of licenses that companies will have to renew...
Crypto and psychedelics: Clarifying regulations could help industries grow
8.2.2023
It’s a long road to federal legalization, but opposition to psychedelics is waning at the state level and Capitol Hill
Dubai releases crypto regulations for virtual asset services providers
7.2.2023
The laws apply to market participants within the emirate of Dubai, with the exception of those under the Dubai International Financial Centre
BTC Institutional Investor Forecast for 2023, Musk Makes McDonald’s Promise Again, Kiyosaki Says ‘We Are in Global Recession’ and More — Week in Review
5.2.2023
As the first month of the new year is behind us, things continue to heat up on the world stage in regard to crypto price predictions, social media hype surrounding meme coins like dogecoin, warnings of macroeconomic peril, and more and more political powers attempting to control permissionless...
Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading
4.2.2023
Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of exchange platforms. Kazakhstan’s Financial Hub Seeks...
The world must take a 'collective action' approach to regulations – suggests India’s Finance Minister
4.2.2023
Nirmala Sitharaman hopes that finance ministers and central bank governors will be able to agree on crypto regulations in the G-20 meeting in Bengaluru later this month
India Reveals IMF Is Working With G-20 for Crypto Regulations
3.2.2023
India has officially revealed details of the ongoing work in the G-20 around how to regulate crypto
Britain Announces Plans for ‘Robust’ Crypto Rules, Launches Consultation
1.2.2023
The U.K. has unveiled “ambitious plans” to “robustly regulate” various crypto activities, while seeking to protect customers and grow its economy. In the next three months, British authorities will accept public feedback on the new regulatory proposals designed to govern digital assets like...
White House Unveils Plan to Tackle Cryptocurrency Risks, Calls for Increased Enforcement
29.1.2023
The White House has published a roadmap asking authorities to increase enforcement and ramp up efforts to regulate the crypto sector.
In an official blog on Friday, the Biden Administration detailed its plans to address potential risks from cryptocurrencies in a roadmap that calls for authorities...
Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’
29.1.2023
A new organization has been established in Turkey with the aim to monitor and help develop the country’s crypto sector, local media reported. Its first task will be to address recent problems with some cryptocurrency exchanges and boost confidence in the industry as a whole. New Entity to Deal With...
Congressman Hill to 'make sure' US is the place for blockchain innovation
27.1.2023
The chair of the Financial Services Subcommittee on Digital Assets wants to make America the place for fintech and blockchain innovation
South Korean Lawmakers Are Gearing Up to Regulate Crypto. What Could That Look Like?
26.1.2023
The 300 members of South Korea’s National Assembly are currently considering 17 separate crypto-related proposals, from which they hope to shape the Digital Asset Basic Act
‘Prohibitive’ Capital Rules for Banks Holding Crypto Win Support in EU Parliament
26.1.2023
Lawmakers in the European Union have backed legislation imposing new capital requirements for financial institutions, including strict rules meant to cover crypto-related risks. The latter concern banks keeping digital assets and are expected to enter into force in January, 2025. EU Legislators...
Instead of Slowing Innovation, Regulation May Drive Demand for ReFi
25.1.2023
At the intersection of crypto and climate activism, the business community is seeking the power of regulation to spur adoption and action, writes sustainability advocate Boyd Cohen
Crypto Regulation Is Like a Flimsy Umbrella in a Monsoon
25.1.2023
You know what they say, “when life gives you lemons, make lemonade.” But when it comes to protecting your crypto funds on centralized exchanges (CEXes), the old adage should be “when life gives you regulations, make a self-custody wallet.” Self-custody is undoubtedly...
Is “The Howey Test” outdated? Modernizing regulations for the digital age
20.1.2023
The rate and reach of cryptocurrency adoption in recent years signals the dire need for modern regulation that simultaneously safeguards investors and enables innovation to flourish