91 / 95 Relevant items tagged with #Regulation
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Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported
[Dec 10, 2022 5:30 AM] The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal…
European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized
[Dec 10, 2022 1:30 AM] The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert…
Data shows the Bitcoin mining bear market has a ways to go
[Dec 9, 2022 4:30 PM] The 2022 bear market is impacting BTC miners in more extreme ways than previous downturns, especially with so many publicly listed miners struggling with their debt obligations.
Who’s expected to testify before Congressional hearings on FTX?
[Dec 9, 2022 3:30 PM] FTX CEO John Ray, actor Ben McKenzie and law professor Hilary Allen have been confirmed, while SBF, Kevin O'Leary, and Alameda CEO Caroline Ellison could still testify.
Paraguayan Cryptocurrency Law Shelved After Presidential Veto
[Dec 9, 2022 1:30 AM] The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to…
Approach with caution: US banking regulator’s crypto warning
[Dec 8, 2022 11:23 PM] The Office of the Comptroller of the Currency (OCC) said the digital asset industry was maturing but was “not yet robust” in its risk management.
US Senator Calls Sam Bankman-Fried to Answer for Failure of FTX and Alameda Research
[Dec 8, 2022 8:30 PM] Two congressional hearings will be held next week on the collapse of cryptocurrency exchange FTX and U.S. lawmakers have asked former FTX CEO Sam Bankman-Fried (SBF) to testify. As the founder of FTX and Alameda Research, “you must answer for…
US lawmakers introduce bill aimed at reporting on crypto miners' potential environmental impact
[Dec 8, 2022 3:54 PM] The Crypto-Asset Environmental Transparency Act would instruct the Environmental Protection Agency to report on crypto mining activity consuming more than 5 megawatts.
Total crypto market cap falls to $840 billion, but derivatives data shows traders are neutral
[Dec 8, 2022 1:51 PM] Regulatory pressure continues to limit each upside breakout, but data shows some compelling reasons for an eventual crypto market rally.
US lawmakers question federal regulators on banks' ties to crypto firms
[Dec 8, 2022 12:30 PM] “FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware,” said Senators Elizabeth Warren and Tina Smith.
ECB official proposes ban on tokens with an 'excessive ecological footprint'
[Dec 7, 2022 2:30 PM] EU officials previously rejected an outright ban on crypto mining, but the Markets in Crypto Assets bill could require firms to report any potential environmental impact.
Kazakhstan Presses On With Restrictive Bitcoin Mining Regulation
[Dec 7, 2022 12:53 PM] A bill that would create new licensing and electricity purchase requirements has been sent on to a third vote.Kazakhstan is moving forward with regulation that will further stifle its bitcoin mining industry.The country’s federal…
Lawmaker Pleads With Sam Bankman-Fried to Attend Congress Hearing on FTX — SBF Says He’ll Testify When He’s Ready
[Dec 6, 2022 8:30 PM] Congresswoman Maxine Waters, chair of the House Committee on Financial Services, has politely asked former FTX CEO Sam Bankman-Fried (SBF) to attend a congressional hearing on the collapse of his cryptocurrency exchange. Bankman-Fried says he will…
Court in China Recognizes NFTs as Virtual Property Protected by Law
[Dec 6, 2022 4:30 PM] A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired…
Sam Bankman-Fried hires defense attorney as US authorities probe FTX: Report
[Dec 6, 2022 3:59 PM] Mark Cohen was a former assistant U.S. attorney for the Eastern District of New York who was also on the defense team for the high-profile criminal case involving Ghislaine Maxwell.
3 reasons why Ethereum price keeps rejecting at the $1,300 level
[Dec 6, 2022 3:05 PM] Traders are not sure if ETH will be able to hold the $1,200 level while the S&P 500 rapidly approaches the crucial 3,900 support and ETH derivatives data hints at more downside.
Paraguay's legislature fails to reverse presidential veto on crypto regulation law
[Dec 6, 2022 2:45 PM] The reconsideration of the bill, ‘Regulating the industry and marketing of virtual assets — crypto assets’, received 38 votes out of a total of 80 lawmakers.
Financial Stability Board aims to address crypto-related issues following 'failure of FTX'
[Dec 6, 2022 12:30 PM] Though the board can make recommendations to global policymakers, it largely acts as an advisory body with no enforcement authority.
Paraguay Legislature Fails To Pass Bill Regulating Bitcoin Mining
[Dec 6, 2022 10:34 AM] The country did not pass a bill that would have clarified rules regarding the cost of electricity imposed on bitcoin miners.The Paraguay legislature did not pass a bill that would have regulated cryptocurrency mining in the country.The bill…
US lawmakers request answers from Silvergate over ties to FTX: Report
[Dec 6, 2022 9:46 AM] Three senators said they were concerned about Silvergate following reports suggesting that the bank "facilitated the transfer of FTX customer funds to Alameda."
Morgan Creek CEO Says FTX Co-Founder SBF Was a ‘Pawn’ Used to ‘Punish’ the Crypto Industry
[Dec 6, 2022 2:30 AM] Following FTX’s collapse, many industry executives, influencers, luminaries, and politicians have shared their opinions about the carnage the event has caused to crypto markets and a great deal of innocent bystanders. On Dec. 2, the CEO and…
India’s Central Bank Digital Currency Should Be Able to Do Anything Cryptocurrency Can Do With No Risk, Official Claims
[Dec 5, 2022 10:30 PM] An Indian central bank official claims that if there is anything cryptocurrencies like bitcoin and ether can do, the Reserve Bank of India (RBI) should be able to create a product that will do the same job without the associated risks. “This…
US House committee chair pushes back against SBF's excuse to potentially delay testimony
[Dec 5, 2022 3:47 PM] "It is imperative that you attend our hearing on the 13th, and we are willing to schedule continued hearings if there is more information to be shared later,” said Maxine Waters.
How can UK-based businesses accept Bitcoin?
[Dec 5, 2022 9:08 AM] Through Bitcoin payment processors like BitPay, businesses in the UK can offer BTC as a payment method during checkout.
Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan
[Dec 5, 2022 1:00 AM] A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under the current Russian DFA law, covers the…
Maxine Waters Criticized for Praising SBF — Lawmaker Says ‘We Appreciate That You’ve Been Candid’
[Dec 3, 2022 8:30 PM] Congresswoman Maxine Waters has been heavily criticized for saying that she appreciates former FTX CEO Sam Bankman-Fried (SBF) being candid in his discussions about the collapse of his crypto exchange, FTX. “SBF has not, in fact, been candid…
EU Parliament to ‘Vote on Adopting the Regulation on MiCA’ — Expert Says Industry Needs Legal Clarity
Uzbekistan Approves Rules for Issuance and Circulation of Crypto Assets
[Dec 2, 2022 10:30 PM] The authority responsible for crypto oversight in Uzbekistan has determined the order of issuing and circulating digital assets in the country. The main reason behind the move is to establish a mechanism that would allow local companies to attract…