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Pro-Bitcoin Senator to Introduce Comprehensive Crypto Bill in US
25.12.2021
The pro-bitcoin U.S. Senator Cynthia Lummis has reportedly unveiled her plan to introduce a comprehensive crypto bill that will cover everything from how cryptocurrencies are taxed and categorized to consumer protections. The bill will also propose creating a new entity to oversee the digital asset...
100 Companies Fail to Obtain Crypto Licenses in Singapore Due to Tough Regulation
22.12.2021
More than 100 companies that applied for a license to offer crypto services in Singapore have either been turned down or withdrawn their applications. “Cryptocurrencies could be abused for money laundering, terrorism financing, or proliferation financing due to the speed and cross-border...
Indian Lawmaker Says Crypto Must Be Blocked if Used for Illegal Purposes
20.12.2021
India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking.”...
Argentinian Chamber of Fintech Makes Cryptocurrency Regulation Proposal
18.12.2021
The Argentinian Chamber of Fintech, a membership-based organization whose goal is to lead the digitization and modernization of the financial services industry, issued a series of recommendations for the upcoming regulation of virtual assets in the country. The proposed framework asks...
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...
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...
Prime Minister Modi’s Twitter Account Hacked — Tweets Bitcoin Legal Tender in India, Government Giving Away BTC
12.12.2021
The Twitter account of Indian Prime Minister Narendra Modi was compromised and a tweet was posted claiming that the government of India has adopted bitcoin as legal tender and purchased 500 coins to distribute to all residents in the country. This hack came at a critical time in India as...
IMF Advises How Crypto Should Be Regulated Citing ‘Urgent Need for Cross-Border Collaboration’
11.12.2021
The International Monetary Fund (IMF) has outlined some recommendations of how cryptocurrency should be regulated, noting that there is an urgent need for cross-border collaboration and cooperation on cryptocurrency regulation. IMF Provides Recommendations on Crypto Regulation The International...
Indian Prime Minister Modi Tells President Biden’s Summit: Cryptocurrency Should Be Used to Empower Democracy
11.12.2021
India’s Prime Minister Narendra Modi talked about cryptocurrency at a recent Summit for Democracy hosted by U.S. President Joe Biden. He called for global collaboration on cryptocurrencies “so that they are used to empower democracy, not to undermine it.” Prime Minister...
Indian Prime Minister Narendra Modi to Take Final Decision on Cryptocurrency Regulation
10.12.2021
A high-level meeting is reportedly being held on cryptocurrency regulation in India and Prime Minister Narendra Modi will take a final decision on how India will regulate the crypto sector. All options are being discussed including full and partial regulation as well as a complete ban and a partial...
Crypto Regulation Should Be Global, Not National - IMF Directors
10.12.2021
The rapid growth of crypto assets, associated products and services, and the interlinkages with the regulated financial system are intensifying the need for global crypto regulation that should be comprehensive, consistent and coordinated by the world’s regulators, according to a recent paper...
CFTC Commissioner Opposes Regulation by Enforcement, Says Crypto Needs Clearer Rules
9.12.2021
A commissioner with the Commodity Futures Trading Commission (CFTC), Dawn Stump, has voiced concerns about cryptocurrency regulation through enforcement — the approach taken by both the CFTC and the U.S. Securities and Exchange Commission (SEC). CFTC Commissioner Stump on Crypto Regulation...
Japan to Propose Restricting Stablecoin Issuers to Banks and Wire Transfer Companies
7.12.2021
Japan’s top financial regulator, the Financial Services Agency (FSA), is reportedly planning to propose legislation to restrict stablecoin issuance to banks and wire transfer companies. Crypto service providers involved in stablecoin transactions, including wallets, will also be brought...
Indian Crypto Bill: Exchange CEO Discusses What to Expect
6.12.2021
There are reports that the Indian government may impose restrictions on self-custodial cryptocurrency wallets and only allow Indian crypto exchanges. The CEO of a major cryptocurrency exchange in India has shared his thoughts on the possible restrictions. The Indian government has listed...
SEC Chairman Gary Gensler Stresses Crypto Markets Are Open to Manipulation, Investors Vulnerable
6.12.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has called for more investor protection in crypto markets. “This asset class is rife with fraud, scams, and abuse in certain applications,” he said. “In many cases, investors aren’t able...
India’s Cabinet Note Indicates No Crypto Ban — Government Will Regulate Crypto Assets: Report
3.12.2021
India is no longer planning to ban cryptocurrency, a cabinet note circulated by the government reportedly indicates. Activities relating to crypto assets will be regulated by the Securities and Exchange Board of India (SEBI). Crypto Will Not Be Banned in India, Cabinet Note Indicates Despite...
Polish Competition Watchdog Targets Scamcoin, Not All Crypto Ads
30.11.2021
Polish competition watchdog says it has been increasingly monitoring alternative investment ads by Polish social media influencers, recently charging a few persons with promoting Ponzi schemes - but is apparently not investigating crypto-related ads, with a few exceptions. ...
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2022 Crypto Regulation Trends: Focus on DeFi, Stablecoins, NFTs, and More
28.11.2021
If 2021 has been the year of talking about crypto regulation, then 2022 is likely to be the year of turning words into action. Because if nothing else, 2021 has shown that crypto isn’t likely going to be going away, something which has certainly forced more than a few regulators to sit up and take...
Hillary Clinton Calls on Biden Administration to Regulate Cryptocurrency — Warns of Manipulation by Russia, China
25.11.2021
Former presidential candidate Hillary Clinton has called on the Biden administration to regulate the cryptocurrency markets. She warned that countries like Russia or China, as well as nonstate actors, could manipulate all kinds of technology to their advantage and destabilize countries as well...
Ruling South Korean Party Makes Pro-Crypto Policy U-Turn
20.11.2021
The head of the ruling Democratic Party in South Korea has promised to make a dramatic U-turn on crypto policy, claiming that “the time has come” for the government to stop regulating crypto and start “fostering” the industry....
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