Crypto regulation

ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts ‘Funny Business’

<div class=”featured_image_container”> </div> <strong>The president of the European Central Bank (ECB), Christine Lagarde, has called for the global regulation of bitcoin. She said that bitcoin is a highly speculative asset and has “conducted some funny business.” Emphasizing the need for countries to work together to regulate bitcoin, she suggested that the crypto regulation could be …

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UK Government Asks Crypto Industry to Provide Insights on Its Regulatory Approach

<div class=”featured_image_container”> </div> <strong>Her Majesty’s Treasury in the U.K. issued a document that details a series of proposals addressing the crypto community. With the consultation, the Treasury is initiating a “regulatory approach to cryptoassets and stablecoins” for 2021 following the Brexit turmoil.</strong> Special Focus on Stablecoins Regulation According to the official announcement, the consultation mainly …

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Kyrgyzstan Central Bank Is Set to Introduce Bills to Monitor Crypto Exchanges Activities and Forcing Them to Apply for Permits

<div class=”featured_image_container”> </div> <strong>The National Bank of the Kyrgyz Republic (NBKR) revealed its new-year plans for the national crypto industry. They are about to introduce two drafts to regulate the country’s exchanges that aim to combat terrorism, money laundering, and protecting consumers.</strong> Kyrgyzstan Central Bank Set to Introduce Two Crypto Bills to Combat Terrorism Financing …

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FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges

<div class=”featured_image_container”> </div> <strong>The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting </strong><strong>cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets.</strong> FinCEN’s New Crypto Rules FinCEN, a bureau of the U.S. Department of the Treasury, issued a notice on …

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Shark Tank’s Kevin O’Leary Warns Regulators Will Come Down Hard on Bitcoin — ‘It Will Be Brutal’

<div class=”featured_image_container”> </div> <strong>Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, has warned about regulators coming down hard on bitcoin. In addition, he says that “even if bitcoin were to go up another 2,000%, it’s completely irrelevant to institutional clients.”</strong> Kevin O’Leary Warns of Brutal Bitcoin Regulation, Says Bitcoin Is Not an Institutional …

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Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns

<div class=”featured_image_container”> </div> <strong>The top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place </strong><strong>during the Trump administration.</strong> Biden Administration Could Change US Crypto Regulations Acting Comptroller of the Currency, Brian Brooks, shared …

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US Lawmakers Caution Against Regulations Restricting Use of Self-Hosted Crypto Wallets

<div class=”featured_image_container”> </div> <strong>Four U.S. lawmakers have sent a letter to Treasury Secretary Steven Mnuchin, warning of the risks of restricting the use of self-hosted cryptocurrency wallets. Their concerns follow reports that the Treasury Department may be on the verge of imposing such strict cryptocurrency regulations aimed at self-hosted crypto wallets.</strong> Crypto Regulations That Could …

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G7 Central Bankers Stress the Need to Regulate Cryptocurrencies at Latest Meeting

<div class=”featured_image_container”> </div> <strong>The G7 finance ministers and central bank governors discussed the need to regulate cryptocurrencies during their latest meeting. German Finance Minister Olaf Scholz raised concerns about Facebook’s upcoming cryptocurrency.</strong> G7 Sees the Need to Regulate Crypto U.S. Treasury Secretary Steven Mnuchin hosted a discussion on Monday with finance ministers and central bank …

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South Africa Unveils New Crypto Rules as Usage Soars Exponentially

Belarus’ Largest Bank Launches Cryptocurrency Exchange Service The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards. Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local news outlets … read more. Bitpay Launches New Payroll Service …

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Ripple CEO Threatens to Relocate Company Overseas Due to Unfavorable US Regulation

American Economist Stephen Roach: ‘U.S. Dollar in the Early Stages of Sharp Decent’ American economist and former chairman of Morgan Stanley Asia, Stephen Roach said on Sunday that he believes the U.S. dollar will “crash faster and harder.” Roach said similar statements during an interview back in June, and his latest commentary stresses … read …

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