The Inevitability of Bitcoin Supremacy
Bitcoin has risen from the dead so many times, it makes Lazarus look lazy. Yet its doubters persist: “Bitcoin is a bubble,” they say; a...
Category : Regulation
Founders flee as court cases build up
Two South African brothers are facing mounting pressure to come forward to authorities as investigators delve into one of the biggest cryptocurrency thefts in the...
SEC charges individuals connected to former iced tea-turned-mining company
The U.S. Securities and Exchange Commission has filed charges against three people accused of insider trading with the Long Blockchain Company related to changing its...
Lawmaker in Paraguay says he will introduce bitcoin regulation law next week
A bitcoin-friendly lawmaker in Paraguay is set to introduce legislation focused on regulation next week. Carlitos Rejala, whose pro-bitcoin tweets have drawn attention in recent...
DoJ’s crypto czar joins FinCEN in brand-new role: Why it matters
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the...
Elizabeth Warren Warns Over Crypto Risks, Presses Regulation
U.S. Senator Elizabeth Warren has written to Securities and Exchange Commission Chair Gary Gensler enquiring about the SEC’s authority to regulate cryptocurrencies and asking what...
EU eyes new money laundering regulator and stricter crypto reporting requirements
The European Union is looking to launch a new agency designated with cracking down on money laundering at the regional level, with increased reporting requirements...
Bitcoin beginners playing a risky game | Ireland
Depending on whom you are talking to, cryptocurrencies are either the future of money and a big investment opportunity or a risky asset with no...
China’s digital yuan deploys at speed, leaving dust in its path
With each passing day, the list of nations actively exploring the idea of central bank digital currencies (CBDCs) is continuing to grow at a rapid...
Russia to introduce new laws that allows the government to confiscate cryptocurrency
Russia is drafting new laws to enable the confiscation of cryptos held by criminals. It Is expected that the proposal will be given the necessary...
China’s central bank worried about stablecoins’ risk to financial systems
The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan Yifei,...
Regulators can and will crack down on cryptocurrencies
Since China’s recent enforcement of shutting down Bitcoin miners in the country and restricting businesses associated with cryptocurrency trading and operations, crypto prices have fallen...
Argentine lawmaker introduces bill for workers to be paid in crypto
The proposal may help Argentinians in the export business avoid heavy taxes from foreign currency payments. Visit website...
Crypto exchange Binance to double size of compliance team; founder responds to global regulatory scrutiny
Zhao said the company has implemented new controls and regulation technology with partners such as CipherTrace to instill further protections for its users. (Image source:...
Robinhood’s cash cow under SEC scrutiny amid IPO filing
Trading platform Robinhood could lose a significant revenue source should the United States Securities and Exchange Commission move to ban the controversial payment for order...
Binance CEO ‘CZ’ Responds to Global Regulatory Pressure Calling Compliance a ‘Journey’
Binance’s CEO Changpeng “CZ” Zhao has likened the recent pressures by regulators against his exchange business to that of the initial development of the car....
Chinese banks tell staff to recruit up to 300 new digital yuan users each
Chinese banks have begun a hard sell of digital yuan wallets, asking staff to recruit hundreds of new users each year. According to a translation...
What is the DAI stablecoin?
What is DAI ? DAI is a decentralised cryptocurrency created and regulated by Maker DAO (Decentralised Autonomous Organisation). Its value is soft-pegged to one US...
US financial regulator FinCEN hires its first-ever chief digital currency advisor
The Financial Crimes Enforcement Network, or FinCEN, has recruited Michele Korver, formerly of the United States Department of Justice, to serve as the agency’s first...
There will be more MTIs and Africrypts until crypto is regulated
WORDS ON WEALTH: Investing in cryptocurrency is risky. If you are simply buying it and storing it, awaiting a chance to sell it at a...
UBS warns regulators could pop ‘bubble-like crypto markets’
Swiss multinational investment banking giant, UBS, has warned its clients that crypto assets cbe unsuitable for professional investors if regulatory pressure continues. In a note...
Custody Services Hold the Keys to the Future of Digital Asset Investment
By Serra Angel Wei, Founder & CEO at Aegis Custody As institutional investors increase their digital asset positions, we have witnessed a renewed push for the...
Barclays tells cardholders it’s stopping payments to Binance
Customers have been reporting that Barclays, a British multinational universal bank, has been blocking payments to Binance cryptocurrency exchange over the last week. The financial...
How Does Crypto Investing Differ From Other Asset Classes?
There has been a lot of excitement around cryptocurrencies in the last 12 months or so as more retail investors have piled into the market....
Philippine Stock Exchange wants to launch local crypto markets first
The Philippine Stock Exchange (PSE) is aiming to be first in line when financial regulators give the green light for crypto asset trading in the...
Tether, Off-Chain Stablecoins, And Synthetic Crypto Bubbles
@gcuofanoGennaro Gennaro is the founder of FourWeekMBA, a leading source on business model innovation. To the moon! That is what a crypto enthusiast would tell...
Crypto ownership has nothing to do with distrust in fiat: BIS study
The Bank for International Settlements (BIS), a global financial institution owned by some of the world’s biggest central banks, is trying to dispel the theory...
Coinbase Establishes Tech Center in India
Leading cryptocurrency exchange Coinbase has begun operations in India with a tech center which will cut across various sectors. The exchange’s decision to establish a...
Are cryptocurrency ransom payments tax-deductible?
About 2,000 years ago during its Han dynasty, China made peace with some of the nomadic people of Central Asia who continuously ransacked Silk Road...
Bitcoin’s latest ‘use case’ on the darknet raises old concerns
If arms, bio-weapons, pornography, and illicit drugs were not enough, market places on the darknet have started listing stolen Covid-19 vaccines and fraudulent vaccine certificates...
What is really behind El Salvador’s ‘Bitcoin Law’? Experts answer
“El Salvador is predominantly a service economy, and its major export is human labor to the United States. Thus, international remittances form a major inflow...
How Cryptocurrency Turbocharged the Cybercrime Racket: QuickTake
The vast sums being paid by corporations to regain control of their computers would have been near-impossible to move in any other legitimate … Visit website...
Proposed bill in Iran could ban all foreign-mined cryptocurrencies
A new bill drafted by the Iranian Parliament Commission on Economy aims to restrict the use of cryptocurrencies within the country while providing a clearer...
Cryptocurrencies: What should be the issue
By Honest Prosper Ngowi Discussions of cryptocurrencies have become huge traction in Tanzania in the last part of June 2021. This has been largely triggered...
Fed chair met with Coinbase CEO Brian Armstrong and former House speaker in May
Prior to the Federal Reserve announcing it would release a discussion paper on a central bank digital currency, chairperson Jerome Powell met with Coinbase CEO...
South Korea: Bithumb, Upbit, other exchanges join hands to respond to ‘travel rule’
Four of South Korea’s most prominent cryptocurrency exchanges are in the news today after they announced the signing of an MOU to establish a joint...
USDT stands by ‘commercial paper’ tether
The stablecoin market has been growing exponentially, and last week, Eric Rosengren — president of the Federal Reserve Bank of Boston — appeared to raise...
Why Institutional Investors Need To Adopt Hybrid Finance Now By BTC Peers
Why Institutional Investors Need To Adopt Hybrid Finance Now The upward trajectory of the decentralized finance market is symbolic of the disruptive power of blockchain...
Huobi imposes 24 hr crypto withdrawal delay to dampen speculation
Huobi Global, currently the world’s second-largest crypto exchange by daily traded volume, has introduced a 24-hour token withdrawal delay for all over-the-counter (OTC) trades. The...
Asia crypto sector stays confident despite China regulatory curbs
TOKYO/HONG KONG — After a period of explosive growth, the tide appears to be turning for bitcoin and other cryptocurrencies as financial watchdogs tighten oversight...
US state dept urges El Salvador to be ‘responsible’ about Bitcoin adoption
The U.S. Department of State’s Under Secretary of State for Political Affairs Victoria Nuland said El Salvador should ensure Bitcoin is well regulated under its...
The US Is the Most Prepared Country for Widespread Cryptocurrency Adoption, Says Study
The US ranks the highest among 76 countries in its readiness for widespread cryptocurrency usage, a study reveals. The US has more than 17,000 crypto...
Kazakhstan to introduce new energy fees for crypto miners in 2022
As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners. President of...
Not sure about investing in Bitcoin? Here’s what can help you understand better
The cryptocurrency market has been witnessing a bear run over the past month. Bitcoin plunged by nearly 50% from its all-time high of ₹46 lakhs...
FINRA orders Robinhood to pay $70M due in part to ‘significant harm’ platform caused users
The U.S. Financial Industry Regulatory Authority is penalizing Robinhood to the tune of roughly $70 million based on the results of an investigation into the...
Rep Warren Davidson Wants Clear Crypto Regulation
Warren Davison is a Republican congressman from the state of Ohio. He serves as a ranking member of the Financial Technology Task Force and recently...
Binance tackles Travel Rule compliance after multiple bans
Binance, the world’s top-ranked crypto exchange by daily trading volume, has faced a quick succession of bans on its operations in three different jurisdictions: Ontario,...
Bitwise CEO on Crypto: Regulation Is ‘The Single Biggest Driver of the Bull Market’
On Tuesday (June 29), Matt Hougan, CIO at Bitwise Asset Management, the world’s largest crypto index fund manager, talked about the present and the future...
UK’s NatWest bank limits transactions to crypto exchanges
As the crypto crackdown continues in Britain, another high street bank has intensified its efforts to curtail its customers’ use of digital assets. The Natwest...
YouCam Teams With Smashbox For AI Face Analyzer
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Beauty technology startup Perfect, developer of the YouCam Makeup app, is further...
13 more crypto firms withdraw licensing applications in the UK
The United Kingdom Financial Conduct Authority’s (FCA) crypto licensing regime is reportedly proving arduous for cryptocurrency businesses looking to operate in the country. According to...
What kind of regulation can help Australia become a global crypto hub?
Australian crypto and financial insiders have until end of day tomorrow to finalize submissions for the most comprehensive re-evaluation of Australia’s crypto regulation...
Craig Wright wins default judgment, Bitcoin.org must remove Bitcoin Whitepaper
The self-proclaimed Satoshi Nakamoto and Bitcoin SV proponent, Craig Wright, has won a legal battle claiming copyright infringement on the part of bitcoin.org for hosting...
Mexico may not be following El Salvador’s example on Bitcoin… yet
Authorities behind financial regulation in Mexico have warned against financial institutions handling cryptocurrencies, saying digital assets are still not considered legal tender in the country....
Coin Metrics co-founder: Binance can resist 'regulatory impulses'; COIN more regulatory-friendly
Nic Carter, the co-founder of Coin Metrics and a Castle Island Ventures general partner, said Monday that Bitcoin (BTC-USD) exchange Binance has … Visit website...
Iranian trade ministry issues 30 crypto mining licenses
Iran’s Ministry of Industries, Mining and Trade issued operation licenses for 30 crypto mining centers in the country, the country’s Financial Tribue reported last Wednesday. Citing...
crypto: Crypto’s top venture capitalist is playing the long game
By Andrew Ross Sorkin and Ephrat Livni A top crypto cop turned venture capitalist is now one of the most powerful women in Silicon Valley,...
UK financial watchdog orders Binance to halt ‘regulated activity’ in the country
Binance, one of the world’s largest cryptocurrency exchanges, has been ordered to cease all regulated activities in the United Kingdom following a review of its...
How To Buy Cryptocurrency In Australia
There are numerous cryptocurrency exchanges available on the internet that allow you to purchase and sell thousands of different coins and tokens. For many new...
Binance served warning by Japan’s FSA for operating without authorization
Crypto trading platform Binance may once again be heading for a standoff with financial regulators in Japan. On Friday, the Financial Services Agency (FSA) issued a...
Stablecoin growth is ‘exponential,’ deserves ‘attention’
While a presentation yesterday from Boston Federal Reserve President Eric Rosengren has some members of cryptoTwitter spooked at the idea of regulation and oversight, the...
Wading through the crypto maze, one step at a time | Hyderabad News
HYDERABAD: The gold rush of cryptocurrency may have allured many Indians to its fold over the last year but many new entrants are still finding...
Binance to cease operations in Ontario following regulatory crackdown
On the tails of a warning from Japanese regulators on Friday, Binance has announced in a short statement yesterday that it will cease providing services...
Where are we today, where are we going?
Digital currency is quickly becoming the mainstream of Canadian finance. In addition to increasing adoption rates, Canada has also been relatively successful in creating a...
Palestine monetary authority mulls digital currency as ‘political signal‘
Palestinian Monetary Authority (PMA) Governor Feras Milhem has revealed that the proto-central bank — which does not issue a domestic currency and operates under highly...
Tighter regulation will boost cryptocurrencies by tackling ‘unholy’ activity, a finance law professor says
Regulators are paying close attention to the crypto world. Cesc Maymo/Getty Images Regulation will boost crypto by weeding out “unholy” criminal activity, a law professor...
SEC accuses XRP Army of issuing ‘false statements’ against its leadership on social media
The ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission, or SEC, continues with the regulatory body claiming that XRP token holders...
Feds accelerating crypto world crackdown
Bitcoin Foundation Chairman Brock Pierce discusses his travels to El Salvador to help guide and inform the country on making bitcoin a legal tender. A...
Tanzania central bank may rescind crypto ban after presidential endorsement
The Bank of Tanzania is reportedly working to overturn its ban on crypto amid favorable cryptocurrency comments made by the country’s president. According to Reuters,...
EU to Designate Bank of Spain, Securities Regulator for Crypto Oversight: Report
A draft revision of the EU's proposed regulation of markets in crypto assets, known as MiCA, designates the two to oversee crypto activity in Spain …...
Trust is key to mainstream adoption for stablecoins, says Paxos CEO
Paxos CEO Charles Cascarilla believes that stablecoins need solid regulation to go beyond being just a tool for crypto enthusiasts and achieving mainstream adoption. Speaking...
Korea’s brilliant decentralized identity approach to identity management
The decentralized identity approach by the Korean government promises to transform the lives of citizens, especially during the pandemic period. (Photo of the Seoul city...
London Stock Exchange-listed firm inks FCA’s approval for crypto services
Mode Global Holdings, a London Stock Exchange-listed fintech group, has secured major regulatory approvals for cryptocurrency and fintech operations in the United Kingdom. The company...
Central Bank-Backed Crypto Requires Regulatory Framework
Law360 (June 24, 2021, 12:35 PM EDT) — The Bahamas and Cambodia have rolled out their own central bank-backed digital currencies, or CBDCs.[1] China is...
Asset manager QR launches Bitcoin ETF on Brazilian stock exchange
The Brazil Stock Exchange, or B3, has launched the trading of another Bitcoin (BTC) exchange-traded fund, marking the growing acceptance of the crypto industry in...
$3.6 Billion in Bitcoin Disappears with Africrypt Founders
Ameer and Raees Cajee, two brothers behind the Africrypt platform, have disappeared along with $3.6 billion in BTC bought with investors’ funds. Two South African...
Spanish court rules John McAfee can be extradited to the United States
McAfee’s lawyers will have the opportunity to appeal the court’s decision and local lawmakers will need to approve it before he can be extradited. Visit...
Tightening cryptocurrency regulation will effectively rein risks
Illustration: Tang Tengfei/GT Amid China’s nationwide regulation campaign against cryptocurrency mining and trading in recent weeks, the price of bitcoin and other cryptocurrencies have seen...
Will regulation adapt to crypto, or crypto to regulation? Experts answer
Blockchain technology promises to provide humanity and freedom with the rise of Web 3.0, a truly decentralized internet. Some even argue that the significant rise...
Indian Government to Rethink Crypto Currency Ban, Industry Reports Say
A couple of draft Bills seeking a complete ban on cryptocurrencies in India failed for different reasons. Now, Central authorities are considering a committee that...
UK regulator warns against 111 unregistered crypto companies… and FOMO
The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA) has warned consumers against 111 crypto companies that are yet to register with the FCA....
Bitcoin stumbles below $30,000 under weight of China crackdown
WASHINGTON — While Asia slept, regulatory pressures in China continued to bear on bitcoin, dragging the price of the world’s most traded cryptocurrency below $30,000...
ICO issuer charged with fraud by SEC for selling unregistered security
The United States Securities and Exchange Commission, or SEC, has charged a cryptocurrency issuer for “making materially false and misleading statements” in connection with an...
Existing Indian law could impose 2% levy on crypto bought from offshore exchanges
According to local sources, the Indian Government’s 2% “equalisation levy” could be extended to crypto-assets purchased from off-shore exchanges. According to a June 22 report...
BlackRock, Inc. (NYSE:BLK), J P Morgan Chase & Co (NYSE:JPM) – Hedge Funds: Putting The Toe In Dark Cryptocurrency Waters
According to Intertrust’s latest survey, 98% of CFOs say their hedge funds would look to invest up to 7.2% of their assets in cryptocurrencies by...
Canadian regulator will hold hearing against Bybit for alleged violations of securities law
The Ontario Securities Commission has issued a notice stating that it will be holding a hearing against Bybit regarding the crypto exchange allegedly “flouting” Canadian...
There’s no easy victory in the country’s crypto cold war
The Reserve Bank of India (RBI) has been in a cold war with India’s crypto industry. The equation between the two can best be described...
Bank TSB set to bar 5.4M customers from buying crypto
United Kingdom-based financial institution TSB Banking Group Plc. will soon ban its over 5.4 million customers from buying Bitcoin (BTC) and other cryptocurrencies. According to...
Bitcoin Bulls Wear Off with Immense Pressure from China
The recent “death cross” on Bitcoin’s daily and hourly charts weakened price stability as Bitcoin miners continue to face immense pressure from China in the...
Biden hints at possible cybersecurity arrangement with Russia over ransomware attacks
United States President Joe Biden implied he made some progress in addressing ransomware attacks on critical infrastructure after speaking with Russian President Vladimir Putin. Following...
South Africa moves ahead cautiously with proposed regul…
Daily SA trading hit R2-billion in January. Government wants oversight. First published in the Daily Maverick 168 weekly newspaper. The increasing use of crypto assets,...
How smart regulation can improve the future of blockchain
With extreme positions on both sides, some would have us believe that decentralized technology and regulation are mutually exclusive. As pervasive as that narrative has...
Indonesia’s central bank marshals staff to enforce crypto payments ban
Indonesia’s central bank governor, Perry Warjiyo, is mobilizing official supervisors to enforce the country’s ban on financial institutions using crypto assets as a means of...
Data suggests the strong US dollar makes Bitcoin weaker argument is flawed
At the moment, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by...
World Bank refuses El Salvador’s request for help on BTC transition
The World Bank has refused El Salvador’s request for help on the country’s transition to adopting Bitcoin (BTC) as legal tender. It cited issues with...
This Crypto Has Turned $10,000 Into Over $100,000 in 2 Years
If you’d spent $10,000 on the Binance coin (BNB) two years ago, that BNB would be worth $103,190 today. Two years ago (June 16, 2019),...
“Bitcoin maximalists? They can’t stop innovation,” says Mati Greenspan
In an exclusive interview with Cointelegraph during Bitcoin 2021 in Miami, Greenspan criticized a segment of Bitcoin (BTC) maximalists for being “small-minded and insecure,” pointing...
Portugal Grants First Crypto Exchanges Operating Licenses
The Central Bank of Portugal (Banco de Portugal) has licensed two cryptocurrency exchanges for the first time. In an official statement, the entity announced that...
City in Sichuan reportedly orders crypto miners to shut down for investigation
Chinese authorities continue to crack down on cryptocurrency mining as a city in Sichuan province has reportedly halted local Bitcoin (BTC) mining farms. Authorities in...
