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India’s Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy
17.5.2022
India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. “It will seriously undermine the RBI’s capacity to determine monetary policy and regulate the monetary system...
Portugal to Tax Cryptocurrency Income According to Minister of Finance
17.5.2022
Portugal, one of the countries considered a crypto tax haven due to its absence of crypto-related taxation, is preparing to change this policy. Fernando Medina, minister of finance of Portugal, stated that the country is working on a framework to allow the taxation of cryptocurrency income gains...
US Agencies Warn of Attempts by North Koreans to Get IT Jobs While Concealing Nationality
16.5.2022
In many cases, these workers say they are U.S.-based and/or non North Korean teleworkers, and they often take on virtual currency projects, the agencies said
Regulator's Proposal to Ban Indian Celebrities From Endorsing Crypto Has Not Been Discussed by Ad Policy Body
16.5.2022
India's market regulator, the Securities and Exchange Board of India, has suggested that no celebrities should endorse crypto products
Portugal Makes U-Turn on Cryptocurrency Tax
16.5.2022
The Finance Minister in Portugal has confirmed that cryptocurrency will be subject to taxation in the near future
German Regulator Calls For New DeFi Laws
16.5.2022
BaFin's Birgit Rodolphe said decentralized applications like insurance, lending and securities could be subject to significant fraud and losses, and called for EU-level laws
Digital Euro Could Come Out Within Four Years, ECB's Panetta Says
16.5.2022
Peer-to-peer payments among friends could be a first test case, though no final decision’s yet taken, Fabio Panetta said of the central bank digital currency (CBDC)
Indian Central Bank Says Cryptos Could Lead to "Dollarization" of Economy: Report
16.5.2022
Cryptos can lead to "dollarization" of a part of the economy, which would be against the country's sovereign interest, according to a report
Nigeria’s SEC Affirms All Digital Assets Are Securities in New Rulebook
16.5.2022
Rules look to clarify crypto’s role in the economy by providing a regulatory framework
Argentina Was at the Cusp of a Crypto Boom. The Central Bank Had Other Plans
13.5.2022
The local monetary authority surprised banks by banning them from offering crypto, but so far it's left local exchanges alone
CFTC commissioner appoints senior policy adviser experienced in digital asset regulation
13.5.2022
Keaghan Ames worked at Credit Suisse for more than two years as vice president and head of U.S. regulatory policy, which included advising executives on digital assets regulation
New York Man Arrested, Charged With Fraud For Alleged Role in $59M Crypto Pyramid Scheme
12.5.2022
A New York man has been arrested and charged with fraud for his role in alleged crypto investing scheme “EminiFX."
Derivatives' Old Guard Fights FTX Chief Over Plan to Cut Out Middlemen
12.5.2022
FTX chief Sam Bankman-Fried spent hours before U.S. lawmakers Thursday defending his request to allow customers to directly clear margin-backed crypto derivatives. The existing derivatives industry and its allies argued he’s seeking a power that could stretch well beyond crypto
Global Crypto Regulatory Body Is Coming Soon, Says Top Official
12.5.2022
A joint body to coordinate efforts at regulating crypto at the global level could become a reality in the next year, according to IOSCO chair Ashley Alder
Regulators Should Pay Attention to UST
12.5.2022
Over the weekend, algorithmic stablecoin TerraUSD (UST) broke its peg. It broke it again on Monday, and has yet to recover. Regulators may have to take a closer look at this particular model of stablecoin
'Failure Should Be an Option,' Senator Pat Toomey Says of UST Turmoil
11.5.2022
Sen. Pat Toomey, the Banking Committee’s top Republican, doesn’t want asset-backed stablecoins tarnished by the UST drama
Grayscale Had ‘Productive’ Meeting With SEC on Bitcoin ETF Conversion
11.5.2022
To date, the SEC has approved several futures-based Bitcoin ETF products, but has delayed or outright rejected all spot Bitcoin ETF applications
EU Commission Favors Ban on Large-Scale Stablecoins, Document Shows
11.5.2022
The tough approach could see rivals to fiat currency outlawed in the bloc
UST Meltdown Hasn't Spurred US Financial Stability Council Meeting: Sources
11.5.2022
As one of crypto world’s major stablecoins – TerraUSD (UST) – slid toward disaster this week, it hasn’t triggered any meetings of U.S. government officials. Despite the recent federal stance that stablecoins could pose a rising threat to the U.S. financial system, the Financial Stability Oversight...
FASB to Review Accounting Rules for Digital Assets Held on Balance Sheets: Report
11.5.2022
A clearer framework for how companies might account for crypto might pave the way greater adoption