U.S. lawmakers, led by House Majority Whip Tom Emmer, criticized SEC Chair Gary Gensler’s crypto regulation approach accusing him of overstepping authority. Lawmakers expressed frustration over Gensler’s vague responses regarding…
Browsing: crypto regulations
China and Russia are exploring the use of stablecoin to expand their crypto exposure and complement their CBDCs to establish an autonomous financial system to operate outside the sanctions. The…
Dogecoin co-founder Billy Markus has called out the SEC Chair for providing no crypto guidelines. The SEC has always maintained that current securities laws apply to crypto. Dogecoin co-founder Billy…
The European Banking Authority (EBA) is introducing new guidelines for unhosted crypto wallets. The new rules will call for more surveillance among crypto service providers. Crypto-related companies may have to…
There are set to be updates to the MiCA and TFR crypto regulations. The updates to these EU crypto regulations will significantly impact the crypto market in the EU and…
However, the UK government has reserved the right to monitor wallet transactions that are deemed as high risk. According to the UK report, most people who use crypto assets for…
As she has done severally before, US Treasury Secretary Janet Yellen urged increased oversight over the cryptocurrency industry. This time, however, she put on a ‘friendlier’ tone, saying financial innovation…
The US SEC and the CFTC will henceforth join efforts in regulating cryptocurrencies and crypto trading platforms. Part of their plans is to have crypto exchanges registered and be considered…
Three US Senators have proposed a bill looking into El Salvador Bitcoin law, its alleged risks, and how to reduce the country’s use of the dollar. Salvadoran president Nayib Bukele…
In a Tuesday parliamentary budget session, India announced a 30 percent tax on income accrued from digital assets. The nation’s finance minister also said the Reserve Bank of India will…
The White House is working on an official directive exploring the benefits and risks of crypto assets, according to Bloomberg. The order will reportedly cover the prospects of a CBDC…
Authorities in Iran are reportedly planning how cryptocurrencies can be incorporated into their international trade payment system. More stringent rules on digital currencies are expected, as the government struggles to…
A US Congressional subcommittee plans to hold a hearing in the near future to examine the environmental impact of crypto mining, sources say. The hearing was fueled by recent events…
India’s tax officials have come after Binance-owned WazirX exchange for alleged tax evasion of Rs 40.5 crore (about $6 million). Searches were also initiated on four other exchanges where authorities…
Hester Peirce, aka Crypto Mom, has talked of the SEC’s regulatory approach, its rising interest in NFTs, and the possible fate of Bitcoin spot ETFs. According to her, regulation of…
The Reserve Bank of India has issued a fresh report warning of the dangers brought on by private cryptocurrencies. The bank has previously called on an outright crypto ban, but…
India PM Narendra Modi on Tuesday launched blockchain-based degrees at IIT Kanpur to ease certificate issuance and prevent faking. This is among numerous other efforts the nation is making in…
Analysts have given their opinions on the path crypto will take in 2022, including Bitcoin price action and regulations. Red flags have been raised on NFTs, financial middlemen, and regulatory…
Massachusetts Senator Elizabeth Warren has, once again, attacked DeFi and stablecoins, calling them “shady” and brimming with “scammers, cheats, and swindlers.” In the past, Warren has criticized cryptocurrencies, crypto exchanges,…
The Russian Central Bank wants to prohibit mutual funds from dabbling in crypto and related financial products. The move is among many others from the bank and other authorities aimed…