Cryptocurrency Analysis and News Portal
The FSB, an international body based in Basel that was responsible for generating many of the post-2008 financial norms, had previously promised a report on the regulation, supervision and oversight of global stablecoins for October of this year. The FSB's leader, Klaas Knot, has already volunteered to write a crypto
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Forty-six European crypto businesses and organizations have asked finance ministers in 27 European countries to loosen some regulatory requirements for the crypto industry. For example, they asked for decentralized finance (defi) projects to be excluded from the requirements to register as legal entities. Crypto Industry’s Letter to EU Policymakers Forty-six European crypto
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No formal decision has yet been taken whether to issue the central bank digital currency (CBDC), but the EU is already considering how to tie payment innovations to anti-money laundering rules, both for the digital euro and private cryptocurrencies such as bitcoin. Source
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Regulation is sometimes positioned as the enemy of innovation, an antagonistic force that reduces progress in the name of bureaucracy. However, when implemented sensitively and proportionately, regulation can strengthen a private sector’s reputation by creating the conditions necessary for businesses to focus on and enhance innovation.Getting this right means working
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Finance ministers from five European countries have called on the EU Commission to introduce tough regulation for stablecoins. Source
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Prime Minister Narendra Modi has become the latest victim of a Twitter hack undertaken to trick social media users into sending cryptocurrency to the attackers. The Modi incident is another sobering reminder to always think twice before sending crypto to strangers on the internet, even if there’s a blue check and
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