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IMF chief economist calls for global policy on cryptocurrency
16.12.2021
The economist's remarks come as nations around the world consider how to control cryptocurrencies
Aussie Regulatory Body Backs Government’s Plan to Regulate Crypto
16.12.2021
In a bid to develop new regulations for cryptocurrencies and other digital assets, Australia’s regulators - acting through their joint body, the Council of Financial Regulators (CFR) - have released a statement in which they embrace the government’s plan to implement a payments and crypto-asset...
Hard to Regulate Crypto Without Global Consensus, Admits Top IMF Official
16.12.2021
A key figure at the International Monetary Fund (IMF) has conceded that regulating crypto will need nothing short of a concerted global effort – and a worldwide agreement on crypto that most would argue seems far from achieving any time soon....
Read More: Hard to Regulate Crypto Without Global...
UK Bans Crypto Ads by Papa John’s Pizza, Coinbase, Etoro, Luno, Kraken
16.12.2021
The U.K. advertising watchdog has banned several cryptocurrency ads, including those by Papa John’s Pizza, Coinbase, Kraken, Etoro, and Luno. The authority says the ads are “misleading” and “irresponsibly taking advantage of consumers’ inexperience.”...
US Senator Says Defi Is the Most Dangerous Part of Crypto – Urges Regulators to Clamp Down Before It’s Too Late
16.12.2021
U.S. Senator Elizabeth Warren has called on regulators to clamp down on decentralized finance (defi) and stablecoins “before it’s too late.” She said: “Defi is the most dangerous part of the crypto world … it’s where the scammers, the cheats, and...
Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022
16.12.2021
According to the U.S. lawmakers, the infrastructure law contains an “overly-broad interpretation” of what a broker is and places the reporting burden on individuals who may not have the necessary information to comply
Fed chair Jerome Powell says he isn't concerned about crypto disrupting financial stability in the US
15.12.2021
“Stablecoins can certainly be a useful, efficient consumer-serving part of the financial system if they’re properly regulated,” said Jerome Powell
Looking for a Country with Clearest Crypto Tax Policies? Check This List
15.12.2021
The European microstate of Liechtenstein came in as the country with the clearest crypto tax policies for 2021, while Germany, coming in as number four, saw one of the best improvements since last year, a new report from consulting giant PwC has found.
Following Liechtenstein, Australia and Malta...
Crypto in the House: Execs on the march, US partisan politics and Web3
15.12.2021
A largely proclaimatory meetup generated a positive response, with the industry appearing ready for a busy new year on the Hill
UK Watchdog Teaches Coinbase, Kraken, and Others How to Advertise Crypto
15.12.2021
The UK's Advertising Standards Authority (ASA) has decided to ban seven crypto-related advertisements. The latest batch of bans illustrates that, in their online communications, businesses must take great care to fashion their crypto-related messages in a maximally neutral way and avoid drawing...
Tanzanian Central Bank Governor: Cryptocurrencies Not Outlawed, Traders Should Invest at Own Risk
15.12.2021
The Tanzanian central bank governor recently revealed that cryptocurrencies are not outlawed in the country but warned those dabbling in crypto-related investments that they do so at their own risk. Central Bank Open to Ideas The governor of the Bank of Tanzania (BOT), Florens Luoga, recently...
New Delhi Ready to Back Down on Crypto Regulation, Claims Anonymous Gov’t Source
15.12.2021
It’s a case of another day, another twist in the seemingly endless saga of India’s crypto legislation. And this time the protagonists in the saga, the nameless sources leaking information to the domestic press, are claiming that the cabinet is not on the verge of doing anything with crypto after...
Bank of Russia Wants to Ban Mutual Funds From Investing in Cryptocurrency
15.12.2021
Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital money, comes after the regulator urged stock exchanges to avoid trading securities tied...
Bank of England Deputy Governor Warns Crypto Prices Could Fall to Zero
15.12.2021
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price of cryptocurrencies, including bitcoin, could fall to zero. Noting that the crypto industry is “growing very fast,” he stressed: “We really need to roll our sleeves...
Witnesses offer differing opinions on approach to stablecoins at congressional hearing
14.12.2021
Every witness who appeared in front of the committee seemed to have their own rallying cry for U.S. lawmakers, from calling for greater KYC/AML compliance to "avoid policies that encourage the growth of stablecoins."
'DeFi is the most dangerous part of the crypto world,' says Senator Elizabeth Warren
14.12.2021
The U.S. lawmaker claimed that the value of stablecoins would "take a nosedive," with small investors largely feeling the effects of a potential downturn
Crypto Trades Expected to Become Reportable by Platforms In 3 Years - Survey
14.12.2021
Cryptoasset trades are expected to be subject to official reporting requirements as soon as within three years, with the United States likely being the first country to introduce such regulations on trading platforms, a new survey conducted by business analytics firm IHS Markit in October this...
Bitcoin-focused NYDIG Raises USD 1B, Golden State FTX, Bitfinex Recovers 6 BTC + More News
14.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________
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Read More: Bitcoin-focused NYDIG Raises USD 1B, Golden State FTX, Bitfinex Recovers 6 BTC + More News
Cryptoverse Smarts as ‘Bad Actor’ Readies to Talk Stabelcoins to US Senate
14.12.2021
A US Senate hearing will hear testimony on stablecoins today – but some crypto community members have expressed concern that some of those summoned before the American upper house could be bringing misinformation and inaccuracy to the table....
Read More: Cryptoverse Smarts as ‘Bad Actor’...
Russia to Ban Funds from Crypto Investment, Experts Warn of ‘Blurry’ Legal Status
14.12.2021
The Russian Central Bank has moved to bar financial firms in the country from engaging with crypto-related mutual funds.
In a press release, the resolutely anti-crypto body, which also polices the domestic financial sector, announced it had created a draft directive, which it will listen...