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crypto regulation News and Articles



India crypto regulation

India’s Regulatory Authority Issued a Notice Over Crypto

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On October 21, India's top securities regulator, the Securities and Exchange Board of India (SEBI), issued a notice over crypto trading, telling advisers not to deal in assets that are unregulated in the country. In the...

UK

UK Central Bank advocates crypto regulation

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The head of the Bank of England, Andrew Bailey, has repeatedly stated that he has a negative attitude towards Bitcoin. In his opinion, cryptocurrency has no value. Its value is growing only because more and more people are investing in it. Each BTC holder should remember that, at any time, he can...

Jeromy Powell crypto

Jerome Powel Says Fed Has No Plans to Ban Crypto

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Fed chair Jerome Powel said that the bank has no plans to prohibit crypto activities like China. Congressman Ted Budd raised the question in terms of a hearing of the House Committee on Financial Services, asking if Fed Plans include banning or limiting the use of crypto. Previously, in July,...

IRS

IRS continues to make proposals to improve crypto regulation

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The United States Internal Revenue Service Commissioner De Lone Harrison said the IRS is still discussing the possibility of introducing new reforms to the taxation of crypto income. The state department proposes to apply new rules, approaches, and procedures for collecting taxes to a business that...

Elon Musk

Elon Musk urges the US to abandon plans for crypto regulation

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Tesla CEO Elon Musk is known as one of the fans of the digital currency Dogecoin (DOGE). Last Tuesday, the businessman spoke at a conference in California and called on the US authorities to abandon the implementation of crypto regulation. It is impossible to destroy this industry, but states can...

Novogratz

Novogratz commented on Gensler's position on crypto regulation

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In a recent interview with the Washington Post, Securities and Exchange Commission Chairman Gary Gensler reiterated the need for an early regulatory framework for the cryptocurrency industry. According to the head of the SEC, the US authorities will be able to apply the law on securities to this...

SEC vs Coinbase

Coinbase Receives Notice From the SEC Over Its Lend Product

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Leading cryptocurrency exchange Coinbase announced that it received a Wells Notice from the Securities and Exchange Commission. The regulatory agency warned the company against launching a product that would allow consumers to earn interest for their crypto holdings. A Wells Notice represents a...

Binance South Africa

South Africa Warns About Binance. The Latter Replies

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On September 3, South African financial regulatory body, the Financial Sector Conduct Authority (FSCA) urged people against leading crypto exchange operator Binance. The press release, published by the authority, says Binance doesn’t have permission to offer advisory or intermediary services in...

EU

EU residents want their countries to regulate the cryptosphere

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In a survey of residents of the European Union, researchers found that people want local governments, not Brussels, to handle crypto regulation. The survey conducted by Redfield & Wilton Strategies for the Euronews TV channel included respondents living in Greece, France, Estonia, Germany,...

Gensler

Gensler: Authorities need to protect investors with crypto regulation

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Gary Gensler, who is the head of the Securities and Exchange Commission (SEC), has repeatedly stated the need for the gradual implementation of legislation governing relations in the cryptocurrency industry. According to Gensler, the regulatory framework will ensure the protection of investors and...

China

China continues to tighten control over crypto companies

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The PRC authorities continue to establish tight control over companies representing the cryptocurrency business. Earlier, the People's Bank has repeatedly stated that this course will continue. The regulator opposes the use of bitcoin and other decentralized cryptocurrencies. Alternatively, he will...

SEC

SEC wants even more powers in the field of crypto regulation

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The leadership of the SEC wants to receive additional powers to control the situation in the cryptocurrency market. The position of the regulator was expressed by its head, Gary Gensler. He sent a letter to Senator Elizabeth Warren, who is known as a supporter of the early implementation of...

Novogratz

Novogratz criticized politicians slowing down bitcoin legalization

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According to Galaxy Digital CEO Mike Novogratz, the American authorities harm the state’s economy by slowing down the process of legalizing the cryptosphere. The billionaire expressed his position on Twitter and stressed that officials and politicians who are skeptical about Bitcoin are creating...

Pennsylvania

Pennsylvania to create cryptocurrency task force

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In Pennsylvania, the regulator is developing a bill that would regulate the activities of the working group on cryptography. Its creation, by the way, was due to the opportunity to study the impact of digital assets on the infrastructure and economy of the state. There are high expectations for the...

Elizabeth Warren

Senator calls on the head of US Treasury to set control over crypto

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Senator Elizabeth Warren is known for periodically demanding that the US government tighten control over the cryptocurrency industry. She recently called Bitcoin a "lousy investment" and called on the authorities to destroy the digital currency. It became known this week that Elizabeth...

Europe

Europe wants to tighten rules for sending digital assets

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To curb the money laundering activities of cybercriminals, the European Commission proposed tightening the rules for transferring cryptocurrencies. The European Commission intends to reduce the number of large anonymous transactions involving digital assets, given that most of them may be...

Turkey

Turkey to present a crypto regulation bill in autumn

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At the end of April 2021, a ban on any transactions with bitcoin and other digital currencies began in Turkey. Crypto exchanges have suspended their activities in this country. However, authorities later announced that the ban was temporary and would soon be lifted. Operations with digital assets...

FATF

FATF urged to quicken the implementation of requirements

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Most of the countries overseen by the Financial Action Task Force on Money Laundering (FATF) have not performed obligations for crypto companies. That is stated in the notification following the results of the plenary meeting of the organization. FATF standards are currently supported by 58 out of...

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