Bitcoin Regulation

Turkey Updates Cryptocurrency Regulation Amid Payments Ban and Collapsing Exchanges

<div class=”featured_image_container”> </div> <strong>The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges.</strong> Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered by anti-money laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. …

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Our Man in Shanghai: Huobi looks to become Grayscale of Asia, Yao Ming’s NFT wine, and Chinese crypto investors go to the dogs

Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major institutional investors into the space …

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Governing body of Louisiana gives Bitcoin its nod of approval

Bitcoin has gained increasing levels of adoption over the past several months amid its rise past $60,000. Louisiana’s state government recently released a resolution in which it noted some of Bitcoin’s (BTC) accomplishments. “THEREFORE, BE IT RESOLVED that the House of Representatives of the Legislature of Louisiana does hereby commend Satoshi Nakamoto for his contribution …

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Biden Administration Developing Cryptocurrency Regulation — Treasury to Provide Direction to SEC

<div class=”featured_image_container”> </div> <strong>The Biden administration is reportedly developing a regulatory framework for the cryptocurrency markets. The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is waiting for direction from the Treasury to establish cryptocurrency regulation.</strong> New Crypto Regulation Being Developed by Biden Administration Fox Business’ Charlie Gasparino reported Monday that …

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US SEC Expected to Impose ‘Fair Amount’ of Regulation on Cryptocurrencies, Says Former Chairman

<div class=”featured_image_container”> </div> <strong>Former SEC Chairman Harvey Pitt says that he expects a “fair amount” of crypto regulation coming from the U.S. Securities and Exchange Commission (SEC) following the confirmation of the new chairman.</strong> Former SEC Chair Expects ‘Fair Amount’ of New Crypto Regulation Harvey Pitt talked about the future of cryptocurrency regulation under the …

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Crypto users demand reinstatement of Pakistani government adviser following sudden resignation

Many users on social media have started an online campaign for Pakistan Prime Minister Imran Khan to bring back pro-crypto adviser Zia Ullah Bangash. On Saturday, Bangash, the science, technology, and information technology adviser to Mahmood Khan, the chief minister of the Khyber Pakhtunkhwa province, announced he would resign his position. Bangash cited “unavoidable circumstances” in his …

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Turkey to ban cryptocurrency payments

A new ban in Turkey will prohibit crypto holders from using their digital assets for payments, in addition to preventing payment providers from adding funds to their digital wallets at crypto exchanges. According to a Friday announcement by the Central Bank of the Republic of Turkey, the ban will come into effect on April 30, …

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MIT Crypto Professor Gary Gensler Confirmed as New SEC Chairman

<div class=”featured_image_container”> </div> <strong>The U.S. Securities and Exchange Commission (SEC) now has a new chairman, Gary Gensler. President Joe Biden’s pick, the MIT professor, whose classes included blockchain technology, digital currencies, and financial technology, has been confirmed by the Senate to lead the SEC.</strong> SEC Has a New Chairman President Joe Biden’s pick to lead …

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Goldman Sachs Predicts ‘Big Evolution’ Coming to Cryptocurrency Regulation

<div class=”featured_image_container”> </div> <strong>Goldman Sachs CEO David Solomon foresees “big evolution” coming to cryptocurrency regulation as demand for bitcoin from clients continues to rise. He says that Goldman will “continue to find ways to serve our clients as we move forward.”</strong> Crypto Regulation Will Experience ‘Big Evolution,’ Says Goldman Sachs’ Chief David Solomon, the CEO …

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Crypto lobby groups are gaining traction in Washington as the threat of regulatory bottleneck looms

Crypto-focused lobby groups in Washington, D.C. are playing an increasingly vital role in reorienting policymakers away from the view that virtual currencies are used primarily for illegal transactions. Now, they are preparing for potentially their biggest battle yet.  Blockchain Association, an industry trade group representing crypto firms, has added ten members to its brass since …

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