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Bitmex Agrees to Pay $100 Million to Resolve Charges With FinCEN and CFTC
11.8.2021
Global cryptocurrency derivatives exchange Bitmex has settled charges with the U.S. Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN). The exchange has agreed to pay as much as $100 million to end investigations by the two agencies. Bitmex Settles...
SEC Chair Tells Senator Legislative Priority Should Center on Crypto Trading, Lending, Defi Platforms
11.8.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has written a letter to Senator Elizabeth Warren about crypto regulation. After outlining his concerns and priorities in the crypto sector, he said, “additional authorities” and “more resources...
Commissioner Criticizes SEC for Taking Enforcement-Centric Approach to Crypto Regulation
11.8.2021
A commissioner with the U.S. Securities and Exchange Commission (SEC) has criticized the securities watchdog for focusing on enforcement actions in its oversight of the crypto industry. SEC Commissioner Slams Agency for Focusing on Enforcement Actions in Regulating Crypto Assets SEC Commissioner...
$1.2 Trillion Infrastructure Bill Passes Senate With Troubling Crypto Requirements
11.8.2021
The U.S. Senate has passed the $1.2 trillion infrastructure bill with a crypto reporting requirement provision that has been described as “unworkable.” Senator Ted Cruz warned: “This infrastructure bill has in it a portion that is designed to obliterate crypto. That would be...
VanEck takes new approach with SEC, files for Bitcoin Strategy ETF
10.8.2021
SEC chair Gary Gensler recently hinted he would be more open to accepting ETFs based on crypto futures rather than through direct exposure
BREAKING: BitMEX announces $100M settlement with FinCEN, CFTC
10.8.2021
No mention was made of criminal charges against former CEO Arthur Hayes or any other executives at the firm
Infrastructure bill passes US Senate — without clarification on crypto
10.8.2021
"This legislation imposes a badly flawed, and in some cases unworkable, cryptocurrency tax reporting mandate that threatens future technological innovation,” said Senator Toomey
Uganda Blockchain Association Endorses Calls for the Creation of Crypto Regulatory Framework
10.8.2021
Uganda’s blockchain community welcomes the recent call on authorities to create a cryptocurrency regulatory framework, a board member of the Blockchain Association of Uganda (BAU) has said. The member, Suleiman Murunga, explains that such a framework “will create investor confidence...
Operating a crypto exchange in Japan is ‘rather tough,’ FSA chief admits
10.8.2021
Japan’s newly appointed Financial Services Agency Commissioner Junichi Nakajima believes Bitcoin is a quick way to transfer cash, but people use BTC for speculation and investment
'We'll be back on this' — Alabama senator derails crypto amendment with two words
9.8.2021
"Who knows how much innovation we’re going to stifle, who knows what kind of new apps never emerge," said Senator Pat Toomey
Bears lick their paws while Bitcoin price blasts through $46,000
9.8.2021
Derivatives data show the market is dominated by longs and that top traders added leverage as BTC price rallied to $46,300
US Senators and Treasury Reach Agreement on Crypto Requirements in Infrastructure Bill
9.8.2021
Five U.S. senators have been working with the Treasury Department and have come up with a compromise crypto amendment to the $1.2 trillion infrastructure bill. “We’ve worked with the Treasury Department to clarify the underlying text and ensure that those who are not acting as brokers...
BREAKING: US lawmakers behind crypto amendments to infrastructure bill introduce compromise
9.8.2021
The new compromise amendment could still be added to HR 3684 through a unanimous consent request — provided not even one senator objects
Cryptocurrency mining under proposed US policy changes
9.8.2021
The impact of tighter crypto reporting requirements in the digital asset provision of the Infrastructure Investment and Jobs Act will concentrate on cryptocurrency mining
SEC Fines Poloniex $10 Million for Operating Unregistered Cryptocurrency Exchange
9.8.2021
The U.S. Securities and Exchange Commission (SEC) has charged Poloniex with operating an unregistered cryptocurrency exchange. Poloniex has agreed to a cease-and-desist order and to pay $10.34 million. SEC Hits Poloniex With Cease-and-Desist Order, Penalties The SEC announced Monday that...
Against the US Senate’s Heavy-Handed Crypto Provision
9.8.2021
The bill as written has the potential to thrust every single transaction by U.S. crypto users into an invasive dragnet
Circle plans to become a full-reserve national digital currency bank
9.8.2021
Circle is willing to operate under supervision of the Federal Reserve, the U.S. Treasury, the OCC, and the FDIC, CEO Jeremy Allaire said
India Plans to Unveil Central Bank Digital Currency Model by Year End
9.8.2021
The deputy governor of India’s central bank, the Reserve Bank of India (RBI), says the bank should be able to come up with a central bank digital currency (CBDC) model by the end of this year. India May Unveil a CBDC Model by Year End The Reserve Bank of India (RBI) may unveil a model...
UK-based independent legal team to tackle international crypto disputes
9.8.2021
The CFAAR network hosts practitioners that have experience in handling some of the early crypto-related disputes in the British court system
US Senator Warren Sees Benefits of Cryptocurrency but Warns ‘a Run on Crypto’ May Need Federal Bailout
9.8.2021
U.S. Senator Elizabeth Warren, a longtime bitcoin skeptic, has shared her view of the benefits of cryptocurrencies. While noting that “The biggest upside to cryptocurrency could be expansion or democratization of access to the financial system,” she warned that the crypto industry...