CFTC slaps Tether and Bitfinex with a combined $42.5 million fine
The settlement triggered concerns that the CFTC’s role in stablecoin regulation could be misunderstood by the public. Go to Source Powered by WPeMatico
Bitcoin Regulation
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Coinbase unveils its Digital Asset Policy Proposal to spark conversation around comprehensive crypto regulation
One of the crypto industry’s major players seeks to boost the public debate on how to best fit digital assets into the regulatory perimeter. Go to Source Powered by WPeMatico
BoE deputy gov: regulators should pursue crypto as a ‘matter of urgency’
The central bank official spoke about the risks cryptocurrencies and stablecoins may pose when connected to traditional financial systems through individuals, financial institutions, hedge funds, and banks. Go to Source Powered by WPeMatico
Crypto lending firm Celsius Network raises $400M
“It’s not $400 million. It’s the credibility that comes with the people who wrote those cheques,” Celsius CEO said. Go to Source Powered by WPeMatico
Law Decoded: Putting your Bitcoin where your mouth is, Oct. 4–11
Debt ceiling uncertainty erodes trust in the dollar, DOJ announcements the National crypto enforcement team, SEC investigates Circle. Go to Source Powered by WPeMatico
Altcoin Roundup: DEXs come to the rescue after China bans crypto
China’s wide-spanning crypto ban puts a hefty dent in token values, but the surge in DEX volumes and BTC’s pop above $55,000 suggest the move was a blessing in disguise. Go to Source Powered by WPeMatico
Indian TikTok challenger raises $19M to launch social token on Solana
“What Axie infinity did for gaming, we want to do for social media,” Chingari co-founder and CEO Sumit Ghosh says. Go to Source Powered by WPeMatico
Ukrainian president returns virtual asset bill to parliament for revision
Volodymyr Zelensky did not object to the bill’s fundamental principles, but opposed the idea of creating a new watchdog agency. Go to Source Powered by WPeMatico
US lawmaker proposes safe harbor for digital tokens in new bill
The “Clarity for Digital Tokens Act of 2021” bill seemingly builds on an initiative from SEC commissioner Hester Peirce, who has called for creating a safe harbor for projects that raise funds to build decentralized networks. Go to Source Powered by WPeMatico
JPMorgan CEO: Bitcoin Has No Intrinsic Value, Regulators Will ‘Regulate the Hell out of It’
The CEO of global investment bank JPMorgan, Jamie Dimon, says that bitcoin has no intrinsic value and “regulators are going to regulate the hell out of it.” He emphasized: “If people are using it for tax avoidance and sex trafficking and ransomware, it’s going to be regulated, whether you like it or not.” JPMorgan’s Boss … Read more
