Wednesday, September 22, 2021
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Stablecoin Feature in New York Times Signals Regulation Is Coming — CoinDesk

Regardless of what path U.S. regulators take, they can’t go it alone, the article observes. Without international cooperation on stablecoin regulation, the stablecoins could just move elsewhere. Such international regulation might come in 2023, the Times noted, when the global Financial Stability Board is targeting final adoption of stablecoin regulations

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60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week – Regulation Bitcoin News

The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce services. 60 Crypto

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Turkey Is ‘at War’ With Cryptocurrency, Says President Erdogan – Regulation Bitcoin News

Turkish President Recep Tayyip Erdoğan has clarified the government’s stance on cryptocurrencies, stating that the country is at war with crypto. He emphasized that Turkey will continue with its own currency. A War and a Struggle Against Cryptocurrency Turkish President Recep Tayyip Erdoğan answered some questions from young people in the “Meeting

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Bankman-Fried Says Stricter Regulation of Crypto Exchanges Would Be Positive — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies

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Bitcoin Slips Below $45K as S&P 500 Futures Drop, Stablecoin Regulation Fears Resurface

Bitcoin fell as concern over China and caution ahead of this week’s Federal Reserve meeting weighed on U.S. stock index futures. Speculation that the U.S. government may declare stablecoins as a risk to the financial system could be adding to uncertainty in the crypto market.The top cryptocurrency by market value

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Ripple Has No Plans to Settle With SEC Over XRP, Confident Gensler Will Drop the Lawsuit – Regulation Bitcoin News

Amid the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), Ripple’s legal team reportedly said that they have no plans to settle with the securities watchdog. They are confident that SEC Chairman Gary Gensler will be convinced that pursuing the case is picking winners and losers in the

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US Court Sentences Cryptocurrency Hedge Fund Founder to 7.5 Years in Prison – Regulation Bitcoin News

The founder of two cryptocurrency hedge funds in New York, Stefan Qin, has been sentenced to 7.5 years in prison and three years of supervised release. He is also ordered to forfeit about $55 million. The Department of Justice (DOJ) said that he “engaged in a scheme to steal assets”

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Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform – Regulation Bitcoin News

Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm. The Death Threats According to an Itweb report, the Cajee brothers — who have agreed to testify on October 19 and

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Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Impulsive Investments – Regulation Bitcoin News

Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by “unqualified” Russian investors, a CBR official revealed. The move is likely to affect peer-to-peer and over-the-counter trading platforms. Central Bank

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