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Nigerian Government Minister Calls for Regulation of Crypto, Considers Additional Body ‘to Play That Role’
14.12.2021
A minister in the Nigerian government has called on authorities in the country to consider regulating cryptocurrencies instead of clamping down on them. The Law Does Not Stipulate Who Regulates Cryptos In what appears to be a rebuke of the Central Bank of Nigeria (CBN) over its stance...
Law Decoded: A different Congress hearing, Dec. 6–13
14.12.2021
Direct exchanges between U.S. lawmakers and the crypto industry could be finally taking a constructive turn
SEC chair's regulatory agenda fails to include clarity on crypto, says Hester Peirce
13.12.2021
"The Agenda — through its silence on crypto — signals that the market can expect continued questions around the application of our securities laws to this area of increasing investor interest,” said two SEC commissioners
Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees ‘Refreshed’ Bitcoin Bull Market
13.12.2021
Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” he detailed. Noting that “Bitcoin...
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...
Russia’s Federation Council to Set Up Working Group on Crypto Regulations
12.12.2021
The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body....
Thailand Doesn’t Prohibit Crypto Use for Payments but Warns of Price Fluctuation
12.12.2021
Bank of Thailand’s officials say that using cryptocurrency as a means of payment is not illegal. However, they added that users “must be able to accept the risks,” including price fluctuation. Using Crypto to Pay for Goods and Services Is Not Illegal in Thailand Sakkapop...
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...
FATF guidance on virtual assets: NFTs win, DeFi loses, rest remains unchanged
11.12.2021
The Financial Action Task Force has laid out its perspective on crypto, including its views of nonfungible tokens and decentralized finance
Regulator Claims South Africa Set to Unveil Cryptocurrency Regulatory Framework in Early 2022
11.12.2021
In early 2022, South Africa will have a new regulatory framework that covers cryptocurrencies, a commissioner with a regulatory body has said. Highly Risky Products South Africa’s financial sector regulator, the Financial Sector Conduct Authority (FSCA) is set to unveil a new regulatory...
Russian Intelligence Service Wants More Power to Seize Crypto, Freeze Wallets
10.12.2021
Russia’s answer to the American FBI, the Investigative Committee of Russia, has called upon the government to grant it the power to seize crypto and freeze wallets.
In an interview with the media outlet Rossiyskaya Gazeta, the committee’s Chairman Alexander Bastrykin stated that...
South Africa's financial regulator plans to introduce framework aimed at protecting vulnerable crypto investors: report
10.12.2021
“What we want to be able to do is to intervene when we think that what is provided to potential customers are products that they don’t understand that are potentially highly risky,” said Unathi Kamlana
Indian PM calls for cryptocurrencies to 'empower' democracy at global summit
10.12.2021
Narendra Modi also called for a global standard on cryptocurrencies and major social media platforms in an effort to facilitate free and fair elections and governance
Point of no return? Crypto investment products could be key to mass adoption
10.12.2021
Cryptocurrency investment products could be a missing piece of the puzzle towards mass adoption, and are now becoming increasingly more common
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...
ECB Should Learn From Florida, Solana's Opera, IOTA Assembles USD 100M, Gemini Down + More News
10.12.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: ECB Should Learn From Florida, Solana's Opera, IOTA Assembles USD 100M, Gemini Down + More News
Prosecutor General’s Office Wants to See ‘Cryptocurrency’ in Russian Law
10.12.2021
The Prosecutor General’s Office of the Russian Federation has insisted that the term “cryptocurrency” should be added to the country’s legislation. The move would allow authorities in Moscow to confiscate digital assets that have been involved in criminal activities....
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...
Coinbase Offers DeFi Yield Product To Users In 70 Countries
10.12.2021
In a bid to make decentralized finance (DeFi) more accessible to its customers, major US crypto exchange Coinbase says it is enabling users in 70 countries to buy a DeFi yield product using their DAI crypto holdings. ...
Read More: Coinbase Offers DeFi Yield Product To Users In 70 Countries