Search
UK Lawmakers Call for Crypto Trading to Be Regulated as Gambling
21.5.2023
A committee of British lawmakers has recommended regulating crypto trading as gambling. Viewing retail trading of cryptocurrencies as more akin to gambling rather than a financial service, the U.K. Treasury Committee stated that “Cryptocurrencies such as bitcoin have no intrinsic value and serve...
Kraken, UK trade body derides lawmaker description of crypto as 'gambling'
18.5.2023
CryptoUK, a trade body based in the United Kingdom, argued that a much more nuanced and tailored approach needs to be taken into consideration
Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards
18.5.2023
Many of the most well-known crypto firms are not adhering to basic governance standards, the findings of a Bloomberg survey have shown. Only 31 out of the 60 polled firms “currently procure a full financial audit or reserve attestations from an independent auditor.” Industry...
Korean lawmakers rally towards crypto rules in May after grisly murder case: Report
18.5.2023
Crypto policy making efforts have been reignited in South Korea after a woman was murdered following a dispute over digital assets
Influential UK MPs Push for Crypto Trading to be Classified as Gambling
17.5.2023
The UK Treasury Select Committee has suggested the country regulate cryptocurrency trading as a form of gambling rather than a financial service.
On Wednesday, MPs said digital currencies such as Bitcoin and Ether have "no intrinsic value and no useful social purpose," claiming that they resemble...
Tax Authority Slated to Become Main Crypto Regulator in Russia
17.5.2023
Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market...
EU Countries Officially Approve MiCA Crypto Regulation Rules – Here's What You Need to Know
16.5.2023
On May 16, the European Union states gave the final nod to the world's first comprehensive set of rules to regulate crypto assets, known as the Markets in Crypto-Assets (MiCA) regulation.
This decision is adding pressure on countries such as Britain and the United States to follow suit. ...
Read...
EU Council approves MiCA for clear crypto regulation
16.5.2023
European Union Council finance ministers vote to adopt the continent’s Markets in Crypto-Assets legislation following unanimous approval of new legal frameworks
SEC chair Gensler claps back at Coinbase, says crypto rules already exist
16.5.2023
Speaking at the Financial Markets Conference, the SEC chair asserted that the rules for crypto are already in place and that the crypto sector has been largely non-compliant
G-7 Unpacks Crypto Regulation and CBDCs in Latest Meeting
15.5.2023
Finance ministers representing some of the world’s seven most influential economies discussed their commitment to regulating crypto-assets and exploring central bank digital currencies during a Saturday meeting in Japan.
The Group of Seven, or G-7, called for regulation, monitoring and oversight...
G-7 Finance Ministers Discuss Crypto Regulation Ahead of Japan Summit Next Week
15.5.2023
Representatives for the seven advanced economies signaled a commitment to following norms set by standard-setters FSB and IMF on crypto and central bank digital currencies
SEC revises $22M punishment against LBRY, seeks $111K instead
15.5.2023
The SEC originally wanted LBRY to pay millions of dollars in penalties, but now concedes the defunct firm can’t pay up that amount
Leaked Memo Suggests Democrats on US House Committee Were Told to Support Party Position on Crypto Regulation
13.5.2023
Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee...
US lawmakers hold EU and UK as examples of crypto regulation in joint hearing
10.5.2023
With the European Union coming closer to passing the Markets in Crypto Assets framework and Kraken in the process of investing in the United Kingdom, lawmakers are taking notice
Previewing Congress's Joint Crypto Regulation Hearing
10.5.2023
Over the past several weeks, Congress – particularly the House Financial Services Committee – has held a number of hearings on crypto and its role in the world. Even a hearing supposedly focused on overseeing the U.S. Securities and Exchange Commission instead mostly saw questions on crypto...
Liechtenstein Prime Minister Says Government to Accept Bitcoin Payments, Open to Investing Reserves in BTC
9.5.2023
Liechtenstein’s prime minister has reportedly revealed that bitcoin payments will be accepted for some government services. “A payment option with bitcoin is coming,” he said, adding that he is open to investing state reserves in the cryptocurrency. Bitcoin Adoption...
‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US
8.5.2023
New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and it is time...
Crypto Regulation Halts Growth of S Korean Web3 Unicorns, Warns Professor
5.5.2023
A leading South Korean professor says that restrictive crypto laws are stopping Web3 unicorns from growing in the nation.
The expert also claimed that banks and other financial market players should be allowed to move more freely in the crypto market.
According to EDaily, the Web3 comments came...
Aussie crypto exchange kicks off US expansion despite ‘regulatory risk’
2.5.2023
“Where other exchanges see regulatory risk, we see opportunity,” said Coinjar CEO and co-founder Asher Tan in a recent interview
What the Gensler hearing means for US crypto regulation and policy
1.5.2023
Gensler was reluctant to go into details and faced symbolical pressure rather than genuine attempts to interrogate, leaving the crypto industry without any new clarity