SEC Accusations Rattle Crypto Market, Bitcoin Plunges

    coinwire 2023-06-08 54579 views Policy
    In a tumultuous start to the week, the world’s leading cryptocurrency exchange, Binance, faces serious allegations from the U.S. Securities and Exchange Commission regarding violations of securities laws. Consequently, the crypto market experienced a sharp decline in prices.

    Japan digital yen pilot is a go after successful second proof-of-concept

    coingeek 2023-06-01 43089 views Policy
    The Bank of Japan (BoJ) has announced the completion of its proof-of-concept (PoC) for its central bank digital currency (CBDC) after nearly a year of research.

    French lawmakers to lighten rules in proposed digital currency influencer bill

    coingeek 2023-05-30 53989 views Policy
    ​French lawmakers have agreed to expand influencer marketing of digital currency products to a broader range of service providers following widespread criticism of the first draft bill.

    White House Warns of a 45% Crash in U.S. Stock Market if the Country Defaults on Its Debt

    coinwire 2023-05-23 52861 views Policy
    The White House has recently issued a stark warning concerning the potential consequences of the United States defaulting on its debt. Failure to raise the debt ceiling could result in a massive crash in the U.S. stock market, with a staggering 45% drop in value. With time running out for Congress to reach an agreement, this dire prediction highlights the urgency of the situation. This article will explore the various factors contributing to this potential catastrophe, as well as the potential impact it may have on the U.S. and global economy.

    Singapore and New York regulators collaborate on CBDC interoperability in new study

    coingeek 2023-05-22 74016 views Policy
    The New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) have completed a joint study on cross-border functionality for central bank digital currencies (CBDCs).

    Banks, lawmakers add to Circle, Coinbase, a16z critiques of custody rules

    theblock 2023-05-18 35680 views Policy
    Traditional financial players join lawmakers to decry a proposed tweak to rules around the custody of financial assets that would extend those standards to the crypto industry.

    Crypto implosion has states scrambling: Here are six crypto bills to watch

    theblock 2023-05-11 37883 views Policy
    In the wake of last year’s crypto chaos, state lawmakers are eyeing new legislation for digital assets. The New York Attorney General proposed tighter rules for the industry, while Florida is moving against central bank digital currencies.

    Ukraine to adopt MiCA for digital asset regulations

    coingeek 2023-04-30 76035 views Policy
    Just days after the European Parliament passed the Markets in Crypto Assets (MiCA) regulatory framework, Ukraine announced it would adopt the framework in its digital asset industry.

    Bank of England and BIS wrap up DLT-based settlements pilot with stellar results

    coingeek 2023-04-24 77368 views Policy
    The Bank of England (BoE) and the Bank for International Settlements (BIS) have concluded their pilot into a distributed ledger technology-based system for interbank settlements.

    Russia Announces an Increase in Rouble and Yuan Payments for Energy Exports

    coinwire 2023-04-22 55109 views Policy
    Alexander Novak, the deputy prime minister of Russia, recently asserted that given Moscow’s efforts to abandon US dollars and euros, Russia is bound to continue taking additional payments for energy exports in the rouble and the yuan.

    Montana Passes The ‘Right to Mine’ Bill With Few Amendments

    coinwire 2023-04-14 79844 views Policy
    The ‘right to mine’ cryptocurrency measure for Montana cleared the Senate in February and is now on Governor Greg Gianforte’s desk. The aforementioned bill aims to protect the rights of cryptocurrency miners in Montana, a state in the United States.

    Arkansas seeks to protect BTC miners with new bill

    coingeek 2023-04-12 45727 views Policy
    While New York and Texas turn their back on block reward miners, Arkansas is taking a different approach, with legislators in the southern state passing a bill that seeks to regulate the industry and protect miners. Last week, the Arkansas...

    Elizabeth Warren’s Bill Aims to End Crypto Industry in the US

    coinwire 2023-03-30 52780 views Policy
    Senator Elizabeth Warren of Massachusetts is not through with the crypto business, as she is now aiming to increase Americans’ reliance on large banks through her proposed bill. The First Attempt Previously, Warren promised to resubmit the Digital Assets Anti-Money Laundering Act, a measure that failed when she initially sponsored it alongside Kansas Senator Roger Marshall in the fourth quarter of 2022. Although the claimed proposal clearly stated that its major goal is to protect Americans from scams, it was also noted that it wanted to force cryptocurrency businesses overseas and weaken consumer choice. This is because it forbids the use of digital asset mixers and requires self-hosted wallets, as well as miners and validators, to have anti-money laundering procedures.

    Judge halts Voyager's sale to Binance.US pending government appeal

    coingeek 2023-03-29 35280 views Policy
    The latest chapter in the Voyager sale saga saw a federal judge temporarily halt Voyager’s attempt to sell its assets to Binance.US after federal regulators opposed the deal. On March 27, District Judge Jennifer Rearden of the U.S. District Court for the Southern District of New York granted the government’s emergency application for a pause in the sale of Voyager, pending an appeal launched by the U.S. Department of Justice (DoJ) earlier this month—an appeal which had previously been dismissed by bankruptcy Judge Michael Wiles on March 15.

    G7 to collaborate on tighter crypto regulation: Report

    cointelegraph 2023-03-27 62524 views Policy
    Leaders from Japan, the United States, the United Kingdom, Canada, France, Germany and the European Union are expected to outline a global cooperative strategy for digital assets in May. The next G7 meeting might bring a push from the seven biggest democracies for tougher regulations on cryptocurrencies around the world, Kyoto news agency reported on March 25. Together, leaders from Japan, the United States, the United Kingdom, Canada, France, Germany, and the European Union will outline a cooperative strategy to increase crypto transparency and enhance consumer protections, as well as address potential risks to the global financial system, officials told Kyoto. This year’s summit is set to happen in Hiroshima in May.

    Biden issues damning economic report for the digital asset industry

    coingeek 2023-03-25 56189 views Policy
    An economic report delivered by the office of the United States President to Congress makes for difficult reading for digital asset advocates, dismissing the industry’s benefits and listing its risks to consumers, the environment, and the financial system. The newest Economic Report of the President, produced to Congress on March 22, didn’t hold back in its critique of the false promises and risks associated with the digital asset industry while outlining policy moves toward a central bank digital currency (CBDC) and a federal digital payment system.

    OKX point to ‘new regulations’ as reason for Canada exit

    coingeek 2023-03-23 33613 views Policy
    OKX, formerly known as OKEx, has announced that it’s exiting the Canadian market. The exchange blamed new regulations for the departure while reassuring users that their funds would be safe. “We regret to inform you that, due to new regulations, OKX will no longer provide services or allow users to open new accounts in Canada starting on March 24,” read the announcement sent by the digital currency exchange to its Canadian users. Like their counterparts globally, Canadian regulators have been tightening their digital asset regulations in light of last year’s ‘crypto contagion.’ The country was home to thousands of investors whose money was stuck in FTX, prompting the Canadian Securities Administrators (CSA) to renew its focus on Bitcoin regulations.

    French lawmakers propose ban on crypto influencer promotions

    cointelegraph 2023-03-23 76493 views Policy
    According to the proposal, individuals caught violating the prohibitions could face a two-year prison sentence and a 30,000 euro fine. French lawmakers have proposed a ban on the promotion of certain financial products and services by electronic means, including crypto assets, in order to protect consumers from potential risks. The proposed amendment is to Bill no. 790, aimed at combating scams and excesses by influencers on social networks. The amendment also proposes placing a ban on advertising health products, gambling and video games using similar mechanisms.

    Taiwan watchdog FSC to assume authority on crypto regulation

    cointelegraph 2023-03-21 73657 views Policy
    Taiwanese lawmakers reportedly expect to finalize a crypto regulatory framework by the end of March or April at the earliest. The Financial Supervisory Commission of Taiwan (FSC) will become the primary regulator of cryptocurrencies in the island country, according to the head of the authority. FSC chairman Huang Tien-mu has announced that the regulator will assume supervisory authority over the crypto industry in Taiwan, the local United Daily News reported.

    Shanghai Police Bust $16M Crypto Pyramid Scheme

    2022-03-19 1369 views Policy
    It's the city's first cracked case of an online pyramid scheme that used cryptocurrencies, according to authorities.

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