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Biden's pick for Fed vice chair for supervision withdraws amid Republican objections
15.3.2022
“We are witnessing a drive to make financial risk a tawdry political issue," said Sarah Bloom Raskin
Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan
15.3.2022
Financial Monitoring Agency, Kazakhstan's financial watchdog, emphasizes the need to regulate the sector
NCA wants regulation for coin mixers, but the crypto industry is already one step ahead
15.3.2022
The chief of NCA claimed that coin mixing services offer a layer of anonymity and protection to criminals looking to launder and wash their “dirty” funds
Russia Has 'All the Needed Resources' to Create Its Own Crypto Infrastructure, an MP Claims
15.3.2022
Crypto adoption appears to be on the rise in Russia – where lawmakers have suggested the idea of fostering domestic crypto exchanges as an alternative to using international platforms.
Per the Russian Parliamentary Gazette, Aleksander Yakubovsky, an MP and part of the crypto working group that...
UK Crime Agency Calls For Crypto Mixing Regulation Amid Clampdown On Criminals
15.3.2022
The UK’s National Crime Agency (NCA) has called on the country’s authorities to regulate decentralized crypto mixers that enable multiparty bitcoin (BTC) transactions, claiming that the process can be used by criminals to launder money from illicit sources and to avoid detection.
Gary Cathcart...
Binance, FTX Expand To Arab Gulf States With New Licenses
15.3.2022
Major exchanges are intensifying their efforts to gain a foothold in the Arab Gulf States, and the regulators there seem to be more welcoming these days -- specifically, Binance has secured a license to operate as a cryptoasset service provider in Bahrain, while its rival FTX recently received...
Bitcoin & Crypto Miners Set to Face Fresh EU Scrutiny After Rejected Proof-of-Work Ban
15.3.2022
The European Union still has its sights set on bitcoin (BTC) and ethereum (ETH) miners – despite rejecting a proposed rule that would have effectively banned proof-of-work (PoW) mining across the union....
Read More: Bitcoin & Crypto Miners Set to Face Fresh EU Scrutiny After Rejected...
Better Business Bureau Warns About Cryptocurrency — BBB Ranks Crypto Scams Second Riskiest
15.3.2022
The U.S. Better Business Bureau (BBB) says cryptocurrency scams have become the second riskiest. In addition, the organization noted that “Payment made via cryptocurrency that resulted in a monetary loss more than doubled from 2020.” BBB Sees Rising Crypto Scams The U.S. Better...
UK's Law Enforcement Agency Calls for Regulation of Crypto Mixing Tech: Report
15.3.2022
The NCA called for regulation of crypto mixing tech as it may be used by criminals to legitimize illegal transactions
Japan Asks Crypto Exchanges to Comply With Sanctions Restrictions — Penalty Includes 3 Years in Prison
15.3.2022
Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned persons includes three years in prison. Japan’s Financial Regulator and Ministry...
Bitcoin Below $39,000 After EU Vote on Crypto Regulation
14.3.2022
Bitcoin (BTC) still faces resistance below $40,000 as traders weigh aftermath of EU cryptocurrency legislation and rate hikes this week from the Fed
EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative Amendment on Crypto Assets
14.3.2022
European Parliament’s economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union. An alternative proposal on crypto assets by European Parliament member Stefan Berger receives support instead. Committee Rejects...
European Parliament votes against PoW ban, providing huge relief to the crypto industry
14.3.2022
The moderate version of the regulatory framework's draft prevailed in the ECON committee voting
Law Decoded: Joe Biden’s executive order is finally upon us, and it doesn’t look too dreadful, March 7–14.
14.3.2022
The long-anticipated presidential directive drops, EU votes on PoW ban, South Korea gets a pro-crypto president
Bitcoin & Ethereum Investment Outflows, BTC Mixer Flags Illegal Moves + More News
14.3.2022
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 & Ethereum Investment Outflows, BTC Mixer Flags Illegal Moves + More News
Bitcoin and Ethereum Get Support in EU, Ban Idea Rejected
14.3.2022
Stefan Berger, a member of the European Parliament in charge of shepherding the MiCA regulation, confirmed that the European Parliament Committee on Economic and Monetary Affairs (ECON) rejected a suggestion that could ban proof-of-work consensus protocols such as Bitcoin, Ethereum, in...
Japanese Crypto Exchanges Told to Block Sanctioned Russians’ Crypto Transactions
14.3.2022
Japan’s top financial regulator, the Financial Services Agency (FSA), and the Ministry of Finance have told domestic crypto exchanges to suspend all transactions with Russians and Belarusians who have been hit with international sanctions.
Per Nikkei and Reuters, Tokyo is moving “in line with...
MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals
14.3.2022
Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording that would have prohibited coins with energy-intensive mining, some members of the European...
G7 Countries: We Will Ensure Russia Cannot Use Crypto Assets to Evade Sanctions
14.3.2022
The Group of Seven (G7) countries issued a joint statement stating that they “will ensure that the Russian state and elites, proxies and oligarchs cannot leverage digital assets as a means of evading or offsetting the impact of international sanctions.” Meanwhile, the U.S. Treasury...
US Senator Booker: Cryptocurrency Can Bring Growth to American Economy if Properly Regulated
13.3.2022
U.S. Senator Cory Booker sees cryptocurrency as “an exciting innovation with the potential to bring growth to the American economy if properly nurtured and regulated.” The senator from New Jersey is encouraged by President Joe Biden’s executive order on crypto regulation....