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Argentina U-Turns On Crypto Tax With New Regulation
18.11.2021
In an abrupt U-turn on an earlier stance adopted by the country’s authorities, the Argentinian government has released a decree that imposes a tax on credits and debts on transactions involving cryptoassets. The regulation was published on November 17, and the measures entered into force on...
Russia’s Prosecutor General Wants Cryptocurrency Recognized as Property Under Criminal Law
18.11.2021
The Prosecutor General’s Office of Russia has proposed to define cryptocurrency as property in the country’s Criminal Code. Decentralized digital money has already been qualified as such in the provisions of several other laws although various aspects of cryptocurrencies remain...
Famed Economist Doubts Bitcoin Will Become Global Currency
18.11.2021
Mohamed El-Erian, chief economic advisor at financial services company Allianz, says that bitcoin is not going to be a global currency and will not replace the U.S. dollar. However, he believes the cryptocurrency will always exist in the ecosystem and will not be regulated out of existence. Bitcoin...
Federal Reserve Governor Argues Against Subjecting Stablecoins to Full Banking Regulation
18.11.2021
Federal Reserve Board Governor Christopher Waller says that stablecoins do not need to be regulated with all the same rules as banks. He disagrees with some of the recommendations on stablecoin regulation by the President’s Working Group on Financial Markets. He explained that while banks...
US is not moving fast enough to develop a CBDC, says former CFTC chair
17.11.2021
“We should act now to improve access to financial services through other means as well — the need is too great," said Tim Massad
Fidelity clears regulatory hurdle to become Canada’s first institutional Bitcoin custodian
17.11.2021
The service would only be available to institutional investors for now, but Fidelity is also launching Bitcoin ETFs to cater to retail interest
India to reduce GST paid on cryptocurrency exchanges from 18% to 1% through regulatory reclassification
17.11.2021
Despite the growing popularity of cryptocurrencies in India, lawmakers remain deeply divided on implementing a proper regulatory framework
Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant
17.11.2021
The total market capitalization of stablecoins increased five-fold in the past year alone
Acting OCC head calls for consolidated supervision for crypto firms
17.11.2021
Michael Hsu said this approach would require more cooperation from both federal and state regulators, with “less regulatory competition” and “more interdependence.”
Crypto Gift Plans, Bitcoin Goes Baseball, SEC vs. BlockFi + More news
17.11.2021
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: Crypto Gift Plans, Bitcoin Goes Baseball, SEC vs. BlockFi + More news
Ripple and Binance Weigh in on Crypto Regulation
17.11.2021
The crypto industry is familiar with complications, showcased by big names like Ripple and Binance. Both the renowned ventures have experienced severe regulation issues in multiple territories. Binance spent an entire year facing allegations against money laundering moderation. Changpeng Zhao,...
India To Define Crypto As Asset, Ban Payments, and Ads - Report
17.11.2021
Amid a rising number of signs indicating that India’s government could adopt a more nuanced approach to cryptoassets, another report claims that the authorities are finalizing work on legislation that could pave the way for regulation of cryptoasset trading - while banning crypto’s use in payments...
CZ reveals how many users left Binance after mandatory KYC
17.11.2021
Binance CEO Changpeng Zhao shed new light on the exchange’s compliance roadmap and its users’ take on KYC so far
Investment Manager Expects Governments to Clamp Down on Bitcoin, Warns of ‘Intense’ Crypto Regulation
17.11.2021
The founder and chief investment officer of Hayman Capital Management, Kyle Bass, has warned that governments will start to really clamp down on bitcoin. He predicts that “intense” crypto regulation will come out of the U.S. Treasury and the Internal Revenue Service (IRS) next year....
Ripple Proposes ‘Real Approach to Cryptocurrency Regulation’
17.11.2021
Ripple has published a proposal for a regulatory framework for cryptocurrencies called “A Real Approach to Cryptocurrency Regulation.” CEO Brad Garlinghouse explained that his company’s “proposed policy framework is a three-pronged approach of what can be done...
Binance Calls for Global Crypto Regulation While Launching ‘Crypto Is Evil’ Ad Campaign
17.11.2021
Cryptocurrency exchange Binance has called for “global regulatory frameworks for crypto markets.” The company has also launched a “Crypto Is Evil” ad campaign featuring “10 Fundamental Rights for Crypto Users.” Binance Pushes for Global Crypto Regulation...
Traders watch for a trend reversal after Ethereum price drops to $4,100
17.11.2021
ETH’s 13% drop to $4,100 led to $200 million in futures liquidations, but pro traders still have reason to stay long and strong
DOJ Selling Cryptocurrency Seized From Bitconnect Worth $56 Million
16.11.2021
The U.S. Department of Justice (DOJ) is selling cryptocurrency worth $56 million that was seized from the “number one promoter” of Bitconnect, the largest crypto fraud scheme ever charged criminally. Investors were fraudulently induced to invest over $2 billion. The Bitconnect...
US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud
16.11.2021
“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department
Ripple outlines possible regulatory framework for crypto industry in US
16.11.2021
Innovation sandboxes, applying existing frameworks on crypto, and communication between the public and private sectors were included in Ripple's suggestions