Cryptocurrency Analysis and News Portal
There’s also a better understanding of crypto. A lot of the regulatory reaction in late 2019 was focused on the then-Libra project, which was announced by social media giant Facebook that summer. Libra, at the time, was a pretty visionary project that policymakers saw as having the potential to destabilize
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A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of
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The issue of debanking, currently facing local crypto businesses by large banks, was also reviewed and said it understood the difficulty individuals and businesses face by taking their issue public, which, as the committee heard last month, places them on a blacklist against other banks. Original Source
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A group of U.S. senators has asked Facebook CEO Mark Zuckerberg to discontinue his company’s crypto wallet pilot and commit to not bringing the cryptocurrency Diem to market. “Facebook cannot be trusted to manage a payment system or digital currency when its existing ability to manage risks and keep consumers
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The U.S. Department of the Treasury says that the growing use of crypto assets challenges the efficacy of American sanctions. “We are mindful of the risk that, if left unchecked, these digital assets and payments systems could harm the efficacy of our sanctions,” the Treasury Department explained. Treasury Says Crypto Threatens
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SEC Chairman Gary Gensler has shared why the U.S. Securities and Exchange Commission (SEC) decided to approve a bitcoin futures exchange-traded fund (ETF) to trade on the NYSE. Meanwhile, the Commission has not approved a spot bitcoin ETF. Why SEC Approves Bitcoin Futures ETF As the first futures-based bitcoin exchange-traded fund (ETF)
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CEO Ashish Singhal said the company is making “amazing progress” in its conversations with the government and regulators.Oct 19, 2021 at 12:18 p.m. UTCUpdated Oct 19, 2021 at 4:35 p.m. UTCL to R: Vimal Sagar, co-founder and COO; Govind Soni, co-founder and CTO; and Ashish Singhal, co-founder and CEO (CoinSwitch
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New York Attorney General Letitia James has ordered two cryptocurrency lending platforms to shut down and requested three other platforms to answer questions regarding their activities immediately. The letters to the companies published on the attorney general’s website indicate that the two platforms are Nexo and Celsius Network. New York Cracks
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Cryptocurrency exchange Coinbase has published its proposal for crypto regulation after “more than 75 meetings with stakeholders in government, industry, and academia,” CEO Brian Armstrong revealed. In its Digital Asset Policy Proposal, the company recommends “four core pillars to inform future U.S. regulation.” Coinbase’s Proposal for Crypto Regulation The Nasdaq-listed cryptocurrency exchange
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A South African regulator, the Financial Sector Conduct Authority (FSCA), says it welcomes Binance’s decision to stop offering some of its services to South Africans. Productive Consultations In a statement, the FSCA suggested that the move by the cryptocurrency exchange came after it held “productive consultations” with the regulator. As previously reported
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