Cryptocurrency Analysis and News Portal
A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if approved, would introduce a central body to regulate all cryptocurrency brokerage activity — ostensibly the Central Bank of Brazil —
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Congressional lawmakers confirmed the nomination of Rostin Behnam, a commissioner at the Commodity Futures Trading Commission who had been serving as acting chairperson, to assume his position on a more permanent basis.In a Wednesday evening voice vote, members of the U.S. Senate approved President Joe Biden’s pick to lead the
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Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has called on several crypto firms to release information related to consumer and investor protection on stablecoins.According to a Nov. 23 announcement, Brown sent notices to Coinbase, Gemini, Paxos, TrustToken, Binance.US, Circle, Centre, and Tether requesting
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After a failed U.S. presidential bid, crypto entrepreneur Brock Pierce said that he is getting back into politics, and has filled a “statement of organization” with the U.S. Federal Election Commission.In an Instagram post, Pierce said that he is weighing running for the seat of retiring Sen. Patrick Leahy (D-Vt.)
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Brown also sent letters to cryptocurrency exchanges Coinbase, Gemini, Binance.US as well as blockchain infrastructure firm Paxos, which operates the Pax dollar stablecoin, decentralized finance company TrustToken, which operates the TUSD stablecoin, and Centre, the Coinbase- and Circle-founded project that oversees the USDC stablecoin. Source
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According to new legislation passed by the upper house of the country's national parliament today, crypto businesses in Kazakhstan may soon be subjected to Anti-Money Laundering (AML) regulations, as reported by local news outlet Vlast. The new law extends the country's financial monitoring system to cover crypto service providers.The new legislation would
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The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the country’s financial monitoring regime. Senators Back Law Concerning Crypto Services in Kazakhstan Members of the upper house
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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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The Senate still has to vote on its own version of the bill before the two legislative groups conference to reconcile their respective versions. All of Congress will have to vote on the final bill. The provision, inserted by Rep. Patrick McHenry (R-N.C.), seeks to promote U.S. international competitiveness by
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