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Economist Peter Schiff Warns Bitcoin May Not Rise When Other Financial Assets Rebound
21.12.2022
Gold bug and economist Peter Schiff has warned that the price of bitcoin may not rise when other financial assets rebound, even though the crypto fell alongside them. “The bitcoin bubble popped and collectors will be selling no matter what happens to financial assets,” he predicted....
Indian Government Updates Parliament on Cryptocurrency Bill and Investigations of Crypto Exchanges
20.12.2022
The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by definition borderless and require international collaboration to prevent regulatory...
SEC Chairman Says Important to Regulate Crypto Issuers and Intermediaries
19.12.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has stressed the importance of bringing “intermediaries and issuers of crypto securities” into compliance. In addition, the U.S. Treasury Department’s Financial Stability Oversight Council (FSOC)...
G20 Countries to Build Crypto Policy Consensus for Better Global Regulation
18.12.2022
The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s deputy...
FTX Collapse Has Rekindled Security and Reliability Concerns for Web3 Projects Says Marketing Expert
17.12.2022
The fallout from the collapse of failed crypto exchange FTX is forcing Web3 brands, and projects previously focused on managing the public’s perception, to concentrate on fighting for their very legitimacy, Laura K. Inamedinova, a Web3 marketing expert, has said. Besides just trying...
Japan set to ease 30% crypto tax on paper profits for token issuers
16.12.2022
As it stands, Japanese crypto issuers are required to pay a set 30% corporate tax rate on their holdings, even if they haven’t realized a profit through a sale
Time for Serious Global Crypto Regulation, Germany Says
15.12.2022
Germany’s financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it’s time to protect consumers as the sector expands links with traditional finance. Bafin...
G20 Governments Working Together to Develop a Unified Cryptocurrency Policy
15.12.2022
The G20 countries plan to create a policy consensus on cryptocurrencies in a bid to better regulate the asset class.
On Wednesday, India’s federal economic affairs secretary Ajay Seth said the G20 countries will study the implications of cryptocurrencies for the economy, monetary policy, and...
FCA’s incoming chair calls for further crypto regulation
15.12.2022
The new chair of the UK’s FCA makes condemnatory comments about cryptocurrencies ahead of his tenure in 2023
Rep. Tom Emmer mulls bringing back bill aimed at reducing crypto red tape
15.12.2022
Tom Emmer is considering reintroducing a bill that removes the requirement for entities to be registered as money transmitters if they don’t handle customer assets
Australian 'token mapping' consultation paper to release in early 2023: Treasurer
14.12.2022
The consultation paper will give an insight into how certain crypto assets should be regulated alongside frameworks for company licensing, asset custody and consumer protections under token mapping
FSB to lay out global standards for crypto regulation: Reports
13.12.2022
Dietrich Domanski, the outgoing secretary general of the FSB, said that recent events highlighted that it's "urgent to address risks" within the space
How Crypto Can Repair Its Reputation in Washington
12.12.2022
Trust in the industry is at an all-time low, but key stakeholders can still rebuild relationships with regulators and politicians by focusing on what makes crypto unique: trustlessness
JPMorgan Chase CEO Jamie Dimon Likens Crypto to Pet Rocks — Calls for More Regulation
8.12.2022
JPMorgan Chase CEO Jamie Dimon says crypto tokens are like pet rocks. The executive also believes crypto regulation should be strengthened, stating: “The regulators who beat up on banks should maybe focus a little more on crypto.” JPMorgan Chase’s Jamie Dimon Compares Crypto...
Crypto will be regulated as securities — ICE boss and Senator Warren
7.12.2022
Senator Elizabeth Warren’s bill seeks to hand control to the SEC, imposing new obligations on centralized crypto firms, something Jeffrey Sprecher thinks will be good for crypto
Paraguay's legislature fails to reverse presidential veto on crypto regulation law
6.12.2022
The reconsideration of the bill, ‘Regulating the industry and marketing of virtual assets — crypto assets’, received 38 votes out of a total of 80 lawmakers
EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity
3.12.2022
In a recent statement, the European Parliament said its members would shortly “vote on adopting the regulation on markets in crypto-assets (MiCA).” According to the parliamentary body’s think tank, the envisaged regulations are expected to provide “legal certainty...
New York proposes to charge crypto companies for regulating them
2.12.2022
The proposal is led by DFS Superintendent Adrienne Harris who is looking for public feedback on the move as the regulator looks to gain further oversight controls
We could use crypto regulation after FTX — but let's start with basic definitions
1.12.2022
Congress should start by addressing what cryptocurrencies are securities and what are commodities
US Treasury’s Yellen Says Crypto Doesn’t Have Adequate Regulation — Calls FTX Collapse ‘a Lehman Moment’
1.12.2022
U.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to have adequate regulation.” She added: “It’s a Lehman moment within crypto, and crypto is big enough that we’ve had substantial harm with...