crypto regulation News and Articles

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...

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...

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...

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...

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...

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...

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...

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...

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...

More and more countries are declaring the need to implement cryptocurrency regulation. This week with the same statement was made by the National Commission on Joint Stock Companies and Exchanges of Italy. The chairman of this department, Paolo Savona, stressed that if the state cannot establish...

In connection with the recent hacker attack on the Colonial Pipeline and the growing scale of bitcoin extortion, the US President plans to raise the issue of regulating the cryptosphere at the next G7 summit. Jake Sullivan, the current national security adviser to Joe Biden, told reporters about...

The US National Treasury issued a report which defines new regulatory terms for cryptocurrencies. Transactions worth $10.000 and more must be reported to the IRS. This proposal was made in terms of president Biden's suggested American Families Plan. It puts forward a number of changes like...

Back in 2014, the Hungarian Central Bank urged citizens not to invest in bitcoin and other cryptocurrencies. According to the regulator, investing in digital assets is an extremely risky venture. BTC and other virtual coins show a wide range of price fluctuations, and the investor risks losing all...

On April 30, a ban on operations with cryptocurrencies came into force in Turkey. However, the country's Central Bank immediately rushed to clarify that there is no talk of a complete ban on digital assets. Bitcoin and other coins cannot be used to pay for goods and services. The state is simply...

The UK Internal Revenue Service (HMRC) has published an updated guide to cryptocurrency transactions. The new document brings together guidelines for businesses and individuals. For the first time, it touches on loans secured by cryptocurrencies and staking. According to the ministry's explanation,...

Several cryptocurrency exchanges in India will send their proposals to the authorities for effective regulation of the industry. Among the recipients of the document are Finance Minister Nirmala Sitharaman and the Reserve Bank (RBI). The authors of the initiative included information on global...

The Indian government is considering an abbreviated procedure for passing a digital asset industry regulation law. The country's government is considering a bill that will ban the use of private digital currencies, as well as, create a regulatory framework for the “digital rupee”. The bill is...

The Indian government does not want to ban cryptos completely but intends to regulate this segment of the economy. Minister of Finance of the country Anurag Singh Thakur told about it last Tuesday. He emphasized that at this stage, the Cabinet of Ministers faces the task of increasing the...