Cryptocurrency Analysis and News Portal
"The crypto ecosystem is very different from that of traditional assets, so the rules must be tailored accordingly and not capture ecosystem participants that don’t have a pathway to compliance," said Kristin Smith, CEO of the Blockchain Association, in a statement shortly after the proposal emerged. Source
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South Korean legislators passed a first phase review of proposed regulations that would give the nation’s Financial Services Commission authority to investigate and supervise financial activity related to “digital assets,” including cryptocurrency.The proposed bill comes with myriad stipulations governing the sale, storage, and trading of cryptocurrencies with particular emphasis on
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Article 93 of the draft treaty would require all nations that sign the treaty to implement onerous financial surveillance laws for cryptocurrency. Those financial surveillance laws would apply to any organization “engaged in activities related to the circulation of digital financial assets and digital currency,” even if they are nothing
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Sweeping Crypto Regulation? First Update the Bank Secrecy Act Source
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The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called “pig butchering” that is sweeping across the U.S. “Be very careful when you go on social media and dating apps and somebody starts developing a relationship with you,” cautioned an FBI specialist. FBI
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The crypto and tech industry has seen a slew of staff cuts this week against a backdrop of difficult market conditions, though on a positive note, some are bucking the trend.Crypto companies, including crypto exchanges, venture capital firms and blockchain developers, have been forced to reduce headcount in order to
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Coinbase is, very critically, a U.S.-based company and OFAC is, very critically, a department of the U.S. Treasury. So in a world where ETH users are trying to do a UASF to combat censorship, what happens if Coinbase’s validator complies with OFAC sanctions? Well, then Coinbase’s validator gets slashed. But
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Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing woes of sudden unemployment.Words of encouragement and sympathy also poured out across Twitter and LinkedIn consoling individuals released
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A wide-reaching, bipartisan crypto bill finally emerged Tuesday from U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), who are seeking to extend a comprehensive set of regulations across digital assets in the U.S. and have given industry lobbyists something meaty to debate. Original Source
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Sen. Patrick Toomey (R-Pa.), the ranking member of the committee, announced the "Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022," dubbed the Stablecoin TRUST Act for short, as part of an effort to specify how the U.S.'s different regulatory agencies could approach companies issuing cryptocurrencies whose prices
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