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IMF Gives 5-Point Plan For Crypto Regulation
20.1.2023
The International Monetary Fund (IMF) has made recommendations to regulate the cryptosphere and provide a framework for exchanges and investors to work to....
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Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation
20.1.2023
A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation...
CFTC’s opinion on the regulation of the digital assets market
20.1.2023
Following the relaunching of the Global market Advisory committee, it happens to be the Commodity Futures Trading Commission (CFTC) has decided to gather all of its attained knowledge and experience through the years and arrive at the table for discussions related to the proper ways of bringing...
Binance to Increase Presence in Poland in Compliance With Local Regulations
20.1.2023
Binance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Polish entity, recruit local talent and launch educational initiatives. Crypto Exchange Binance Moves...
Ripple CEO ‘Optimistic’ About SEC Lawsuit Over XRP — Says ‘I Feel Very Good About Where We Are’
20.1.2023
Ripple CEO Brad Garlinghouse says that he is “optimistic” that the Securities and Exchange Commission (SEC) lawsuit over xrp “will certainly be resolved in 2023.” He added that it could even be resolved in the first half of this year. “I feel very good about where...
New Hampshire gov releases report on blockchain following executive order
19.1.2023
According to the commission, New Hampshire should work towards building a legal framework "for sound development of blockchain technologies and its applications."
Ukraine to Be Best Crypto Jurisdiction With New Tax Rules, Digital Minister Says in Davos
19.1.2023
Ukraine will become the world’s best jurisdiction for crypto assets, the minister overseeing the country’s digital transformation promised. Speaking with media at the World Economic Forum in Davos, Mykhailo Fedorov praised the support from the crypto community for his war-struck nation. Crypto...
CFTC Commissioner Comes Out Strongly Against Self Certification of Product Listings by Exchanges
19.1.2023
Christy Goldsmith Romero, a top official with the US Commodity Futures Trading Commission (CFTC), is warning lawmakers against allowing cryptoasset exchanges to self-certify with the regulator to list trading products.
Goldsmith Romero suggested that this is a dangerous process, as it would enable...
Thailand Issues New Regulations on Custodied Cryptocurrencies
19.1.2023
The Securities and Exchange Commission (SEC) of Thailand has issued new regulations on custodied cryptocurrencies. Companies offering crypto custody services are now required to “establish a digital wallet management system to accommodate efficient custody of digital assets and keys...
South Korea to Regularly Inspect Crypto Risks With New Monitoring Tools
19.1.2023
South Korea’s financial regulator is developing new tools to regularly monitor crypto risks. The regulator warned that while the impact of the crypto market on the traditional financial system is still low, the risks posed by crypto to the country’s financial stability could increase...
Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight
19.1.2023
Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on by crypto technology but by “loose governance, lax internal...
Ethereum price rally under question after ETH slams into resistance at $1.6K
18.1.2023
ETH price continues to encounter resistance at the $1,600 level, a potential sign that the current rally lacks sustainable momentum
US authorities seize crypto website Bitzlato as part of international enforcement action
18.1.2023
U.S. Department of Justice to announce enforcement action against Bitzlato exchange
Did Magical Thinking Born of Financial Crisis Fuel Rise of Crypto – Was it Actually Realistic Thinking?
18.1.2023
Cryptocurrencies are "a manifestation of a magical thinking" born out of a financial crisis, said a finance professor. But there could be something very real behind it. Though not intentionally, the professor may have made a case for the 'financial crisis' being ever-present as cracks in the system...
EU postpones final vote on MiCA for the second time in two months
18.1.2023
The final vote was delayed due to issues in the translation of the 400-page legal document
CFTC commissioner calls for global industry standards in crypto regulation
18.1.2023
CFTC commissioner Caroline Pham said that there are advanced discussions on global standards happening outside of the United States
BIS Economists Recommend 3 Crypto Policies for Regulators Worldwide to Adopt
18.1.2023
Economists at the Bank of International Settlements (BIS) have recommended three policies regulators worldwide could adopt in order to deal with the risks posed by cryptocurrencies. “Authorities can now consider a variety of policy approaches and at the same time work to improve the existing...
Former SEC Official’s Crypto Warning: Regulatory Onslaught Is Just Beginning
18.1.2023
The Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned the crypto industry that a “regulatory onslaught is just beginning.” His warning followed several recent enforcement actions the securities regulator took against major crypto firms....
FTX's Failure Highlights Need for Federally Mandated Insurance, Not More Regulation
17.1.2023
There is extensive precedent for requiring companies providing critical infrastructure to get special insurance. Why not require crypto companies to back themselves with a market-based solution, say the founders of Evertas, a crypto insurance provider?
SEC leaked crypto miners' personal information during investigation: Report
17.1.2023
The financial regulator reportedly unintentionally included 650 names and email addresses in communications with blockchain firm Green as part of an investigation