Crypto regulation

Iran Seizes 7,000 Bitcoin Mining Machines

<div class=”featured_image_container”> </div> <strong>Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital.</strong> 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting that this is Iran’s largest seizure of cryptocurrency mining …

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Mark Cuban Hit by Iron Finance Token Crash, Calls for Defi Regulation

<div class=”featured_image_container”> </div> <strong>Billionaire investor and Shark Tank star Mark Cuban has called for cryptocurrency regulation focusing on decentralized finance (defi) and stablecoins after a token he invested in collapsed from $64 to near zero.</strong> Cuban Wants Defi and Stablecoin Regulation After Investing in Collapsed Token The billionaire owner of the NBA team Dallas Mavericks, …

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SEC Leaves Bitcoin and Cryptocurrency Off Regulatory Agenda 2021

<div class=”featured_image_container”> </div> <strong>The U.S. Securities and Exchange Commission (SEC) has released its regulatory agenda which does not mention bitcoin or cryptocurrency regulation.</strong> Bitcoin, Cryptocurrencies Not on SEC’s Latest Regulatory Agenda The Office of Information and Regulatory Affairs released the Biden administration’s Spring 2021 Unified Agenda of Regulatory and Deregulatory Actions last week. It details …

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Bank of England Boss Pledges ‘Tough Love’ in Cryptocurrency Regulation

<div class=”featured_image_container”> </div> <strong>Bank of England Governor Andrew Bailey says there will be an element of “tough love” in regulating cryptocurrency. “What we cannot have is a world where innovation gets a free pass to ignore the public interest. The odds of such an approach not ending well are too high,” the governor said.</strong> Bank …

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Experts: Regulatory Uncertainty and Slow Embrace Hampering Crypto Growth in Kenya

<div class=”featured_image_container”> </div> <strong>Regulatory uncertainty and the slow embrace of cryptocurrencies continue to be key impediments to the growth of Kenya’s digital currency market, experts say. They also assert that without speedy regulation, which they believe will hasten the adoption of digital currencies, Kenya’s sector will remain open to fraud.</strong> Kenya’s Embrace of Crypto Slow, …

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Basel Committee Proposes Differentiating Regulation of Crypto Assets Based on Risks to Banks

<div class=”featured_image_container”> </div> <strong>The Basel Committee on Banking Supervision has proposed dividing crypto assets into two groups and regulating them based on their market, liquidity, credit, and operational risks to banks. Cryptocurrencies, such as bitcoin, will be subject to “a new conservative prudential treatment.”</strong> Crypto Regulation Proposed by Basel Committee on Banking Supervision The Basel …

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Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges

<div class=”featured_image_container”> </div> <strong>The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (NFTs), are prohibited to trade on crypto exchanges.</strong> Thailand Sets New Rules for Crypto Exchanges, Banning Certain Types of Cryptocurrencies The Thai …

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SEC warns investors of the risks with Bitcoin futures

The U.S. Securities and Exchange Commision (SEC) has warned investors about the risks of Bitcoin futures trading — citing market volatility, a lack of regulation and fraud to name a few issues. In a June 10 Investor Alerts bulletin, the SEC outlines key points that investors should “carefully consider” before investing in a fund that …

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Latin lawmakers don lazer eyes on Twitter in support of Bitcoin

Gabriel Silva, a Panamanian congressman, is moving to follow in El Salvador’s footsteps by proposing legislation to adopt Bitcoin and other cryptocurrencies on a national scale.  El Salvador’s president, Nayib Bukele announced during the Miami Bitcoin conference on June 6, that he will submit a bill to lawmakers demanding that Bitcoin be made legal tender. …

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US Senators Call for Increased Measures to Regulate and Trace Cryptocurrencies

<div class=”featured_image_container”> </div> <strong>Two U.S. senators have urged lawmakers to increase measures to regulate cryptocurrencies, including how to trace cryptocurrency transactions, in order to combat ransomware attacks. “We haven’t figured out in the country or in the world how to trace cryptocurrency,” one senator said, adding that “We’ve got to do a better job here.”</strong> …

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