Regulation Financial News
16.02 / 16:23
Adoption
regulation
banking
GoPax
‘Optimism’ for South Korean Crypto Exchanges as Gopax Makes Banking Breakthrough
South Korean crypto observers are predicting a “tectonic change” in the crypto exchange sector after a fifth trading platform struck a banking deal that will allow it to resume crypto-to-fiat trading.
16.02 / 16:22
business
Binance
regulation
Deal
Financial
Binance's Paysafe deal worries UK financial watchdog
The Financial Conduct Authority (FCA), the top financial authority in the United Kingdom, has raised concerns over Binance’s recent partnership with Paysafe, a retail payment processor.
16.02 / 14:25
cryptocurrency
Stablecoin
regulation
Warning
Global Watchdog Points at Growing Force of Crypto with Another Usual Warning
The Financial Stability Board (FSB), an international body that monitors and prepares recommendations about the global financial system, is increasingly ringing the alarm about crypto. The institution’s latest report claims that cryptoasset markets are rapidly evolving and could reach a point where they pose a threat to global financial stability due to their scale, structural vulnerabilities, as well as increasing interconnectedness with the traditional financial system.
16.02 / 13:15
Adoption
regulation
us government
Federal Reserve
Fed never did it: US Senate Banking head lashes out at Super Bowl crypto ads
The Super Bowl advertisements by crypto companies including Coinbase, FTX, and several others ruled the social media and news headlines for their out-of-the-box approach. However, The United States Senate Banking Committee chief Sherrod Brown was not impressed and blasted the ad-makers for not including appropriate warnings and risks involved.
16.02 / 12:57
Stablecoin
regulation
Senators
US Senators Fail to Find Stable Ground on Stablecoins
Stablecoins are not used to pay for real-world goods or services, but are instead a speculative tool for the “shadiest part of the crypto ecosystem,” Democratic Senator Elizabeth Warren said during a hearing on stablecoins in the US Senate Banking Committee yesterday. Others, meanwhile, stressed that stablecoins are likely safer than traditional banks, and that it would be “inappropriate” to regulate them as banks.
16.02 / 07:19
Government
regulation
privacy
us government
'Keep Your Coins' bill introduced to restrict government control of crypto
Ohio’s eighth district congressman Warren Davidson has introduced the “Keep Your Coins” bill in the House of Representatives to protect individuals’ self-custodied crypto wallets from U.S. government agency control.
15.02 / 15:49
Government
regulation
Bitcoin
Support
Belarus president signs decree to support free circulation of crypto
Belarusian President Alexander Lukashenko has signed a decree affirming the country’s formal support of free circulation of cryptocurrencies like Bitcoin (BTC).
15.02 / 06:49
Adoption
regulation
Bitcoin
Canada invokes ‘Emergencies Act’ targeting crowdfunding and crypto
Canadian Prime Minister Justin Trudeau has invoked the Emergencies Act, which gives him the power to freeze Freedom Convoy protesters’ bank accounts and monitor “large and suspicious transactions,” including crypto.
15.02 / 04:43
regulation
Ban
Indian Government
RBI deputy governor: banning crypto 'most advisable choice'
T. Rabi Sankar from the Reserve Bank of India compared cryptocurrency to ponzi schemes and said that banning them, not regulating them, would be the “most advisable choice” for the Indian government.
14.02 / 17:41
Mining
regulation
Central Bank
Russian Central Bank Still Opposes Crypto Regulation Plans
The race to launch crypto regulations in Russia could still be halted by the country’s Central Bank, which, despite reports to the contrary, is still not happy about recently unveiled plans to “legalize” crypto and bring the industry under a regulatory umbrella. But the pro-business (and reservedly pro-crypto) Ministry of Finance has moved to reassure the bank that its concerns will be met with a piece of draft legislation set to be unveiled on Friday this week.
13.02 / 20:15
business
Blockchain
regulation
Bitcoin
4 factors to consider when choosing an industrial-scale Bitcoin mining location
Large-scale miners are the dominant players in Bitcoin (BTC) mining — we should know because we are one. Having scaled up from a set of mining rigs in my dorm room, our team at Genesis Digital Assets has grown to over twenty industrial-scale mining farms across the globe in just eight years. Every quarter, we continue to scale and build more.
13.02 / 05:13
Blockchain
Adoption
regulation
Bitcoin
Future
What’s shaping the future of the institutional crypto market?
2021 was a big year for cryptocurrency. El Salvador became the first country to adopt Bitcoin (BTC) as legal tender. In November 2021, the price of Bitcoin hit an all-time high approaching the psychologically significant mark of $70,000. And, all along the way, industry influencers like Elon Musk have been tweeting their enthusiasm about cryptocurrency more broadly.
11.02 / 23:33
regulation
Ban
Central Bank
Consultations
India’s finance minister waiting for consultations to decide whether to ban or regulate crypto
Yet another statement by a top Indian official suggests that regulatory uncertainty around the status of digital assets in the country will persist in the near term.
11.02 / 11:51
business
Adoption
regulation
Bitcoin
Bitcoin Miner
Sustainable Bitcoin miner uses waste heat to dry wood
Norway is a bastion for renewable energy management in Europe. As much as 99% of Norway’s energy derives from hydropower while the grid often enjoys a green energy surplus.
11.02 / 08:23
business
Adoption
regulation
NOT
China's Metaverse plans: Decentralization not required
Experts say that China’s corner of the Metaverse is likely to evolve very differently to other international markets and that decentralized infrastructure may not be part of the game plan.
11.02 / 04:43
regulation
Sport
Gaming
Winter Olympics
Official Winter Olympics P2E Game Is a Non-Starter in the Games’ Host Country
Crypto is making its presence felt through its absence at the Winter Olympics, currently underway in China. The International Olympic Committee (IOC) has struck a partnership deal with nWay, a subsidiary of the play-to-earn (P2E) gaming giant Animoca Brands, which has released the “official video game” of Beijing 2022. The snag? It’s banned in the Olympic host nation.
10.02 / 22:37
Government
regulation
Executive
executive order
New Hampshire Governor issues executive order establishing commission to study crypto
Chris Sununu, who has served as the Governor of New Hampshire since 2017, has established a commission aimed at investigating the technology and laws around digital assets in addition to recommending new legislation.
10.02 / 18:25
cryptocurrency
regulation
Bitcoin
Russia Plans to Allow ‘Non-Residents’ Access to Crypto Platforms, Helping Bitcoin Miners Sell BTC
The Russian government appears to be preparing the ground for the legalization and regulation of the Bitcoin (BTC) and crypto mining sector – and is already planning what looks like a way for miners to sell their tokens to overseas buyers even after the nation begins policing crypto transactions.
10.02 / 16:51
Blockchain
CBDC
regulation
Central Bank of Kenya seeks public input on potential CBDC
The Central Bank of Kenya (CBK) has published a discussion paper on its central bank digital currency (CBDC), seeking public input on the potential benefits and risks and regulatory issues of introducing a CBDC in Kenya.
10.02 / 12:19
regulation
BItlicense
Bitcoin
Billionaire Bill Ackman calls for crypto clarity in New York
Billionaire investor Bill Ackman has called upon New York City mayor to look into the crypto regulatory clampdowns associated with BitLicense.
10.02 / 12:01
cryptocurrency
regulation
regulatory
Regulatory Clarity Would Bring More Crypto Trading to US - FTX's Boss
Providing more regulatory clarity is the most important thing that can be done in order to attract crypto innovators to the US, FTX CEO Sam Bankman-Fried told senators.
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