Cryptocurrency Analysis and News Portal
The Consumer Federation of California (CFC), a nonprofit advocacy organization working for consumer rights, sponsored a bill that seeks to license and regulate the activities of cryptocurrency exchanges.The legislation demanding regulatory oversight of crypto businesses — the Digital Financial Assets Law — was introduced by Assemblymember Timothy Grayson with the
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Gensler and his defenders might counter that he has consistently warned that most, if not all, tokens are securities. But the industry’s gripe goes beyond that. It’s that, other than the occasional public invitations to “come in and talk to us,” there’s been no real effort to collaboratively develop a
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While the UK government is serious about the introduction of the new rules, if it becomes law, it will take some years to complement and implement its provision.The United Kingdom is advancing its role in the regulation of the digital currency ecosystem as it recently unveiled its new guidelines to
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The chairman of a newly formed digital assets committee, U.S. Congressman French Hill, has outlined some priorities to regulate the crypto sector and ensure America is the place for fintech and blockchain innovation. “We want a regulatory framework that’s transparent for developers, investors, and potential consumers,” the lawmaker emphasized. US Lawmaker
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The body overseeing the securities market in Israel is taking steps to incorporate rules for digital assets into the existing legislation. The regulator released a draft proposal to introduce the changes that would define the legal status of cryptocurrencies in the country. Amendments to Israel’s Securities Laws Aimed at Expanding Supervision
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A U.S. senator has introduced a bill to “establish the first federal regulatory framework for payment stablecoins.” The lawmaker explained: “This bill will also ensure the Federal Reserve, which has displayed significant skepticism about stablecoins, won’t be in a position to stop this activity.” Stablecoin TRUST Act of 2022 U.S. Senator Pat
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Coinbase CEO Brian Armstrong has pushed for stricter regulations on centralized crypto actors but says decentralized protocols should be allowed to flourish given that open-source code and smart contracts are “the ultimate form of disclosure.”Armstrong shared his views on cryptocurrency regulation in a Dec. 20 Coinbase blog where he proposed
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has stressed the importance of bringing “intermediaries and issuers of crypto securities” into compliance. In addition, the U.S. Treasury Department’s Financial Stability Oversight Council (FSOC) has recommended that regulatory agencies continue to “enforce existing rules and regulations applicable
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A blog by Stephen Eckersley, ICO Director of Investigations 6 December 2022 John Edwards, UK Information Commissioner, recently set out our strategic approach to regulatory action where he said: “Members of the public, and those affected by a breach or
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The approach by the UK government and parliament to bring sweeping regulations to guide the crypto industry is not negating the overall perception that the technology powering the digital currency ecosystem is unique and futuristic.The United Kingdom (UK) under the leadership of Prime Minister Rishi Sunak is looking at granting
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