Nebraska senator introduces bills to allow state banks to custody crypto
“We need to be a leader in FinTech,” said State Senator Mike Flood. Go to Source Powered by WPeMatico
Bitcoin Regulation
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Janet Yellen Reveals Plans for Bitcoin — Sees Cryptocurrencies Used Mainly for Illicit Financing
Janet Yellen, Joe Biden’s pick for the Treasury Secretary, has revealed her policy for cryptocurrencies, including bitcoin. She claims that cryptocurrencies are mainly used for illicit financing and their use needs to be curtailed. Janet Yellen Reveals Her Plans for Cryptocurrencies In the Senate hearing to consider Janet Yellen’s nomination as Secretary of the Treasury … Read more
Economist Slams ECB Chief Lagarde’s Bitcoin Remarks as Dangerous for Cryptocurrency Regulation
Responding to European Central Bank (ECB) President Christine Lagarde’s recent remarks about bitcoin, the chief economist at investment firm Tressis said what Lagarde implied was “outrageous” and “dangerous” for cryptocurrency regulation. Economist Says Governments Would Be Happy to Implement Strict Crypto Regulations Daniel Lacalle, fund manager and chief economist at Tressis Gestion, commented on Christine … Read more
Bitcoin and altcoins correct after Yellen’s ‘illicit financing’ critique
Janet Yellen’s critical comments about cryptocurrencies put a damper on the wider market just as Ethereum price reached a new all-time high. Go to Source Powered by WPeMatico
Former Canadian prime minister names Bitcoin as possible reserve currency
Bitcoin could be part of a basket of reserve alternatives to the U.S. dollar, according to Stephen Harper. Go to Source Powered by WPeMatico
Dacxi joins self-regulating trade group CryptoUK as executive member
The exchange will unite with Binance.UK, Coinbase, CryptoCompare, Ripple, eToro, and others in leading the association’s strategic direction. Go to Source Powered by WPeMatico
ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts ‘Funny Business’
The president of the European Central Bank (ECB), Christine Lagarde, has called for the global regulation of bitcoin. She said that bitcoin is a highly speculative asset and has “conducted some funny business.” Emphasizing the need for countries to work together to regulate bitcoin, she suggested that the crypto regulation could be “initiated by the … Read more
ECB president Lagarde renews calls for global regulation of Bitcoin
In a recent interview, Lagarde said that Bitcoin has been used to conduct “funny business” and “totally reprehensible money laundering activity.” Go to Source Powered by WPeMatico
Former Coinbase compliance exec joins BitGo as new CCO
BitGo hires Coinbase’s former CCO following a $100,000 settlement with the U.S. Treasury. Go to Source Powered by WPeMatico
OCC’s Brian Brooks thinks that DeFi can root out bias and fraud in traditional banking
Brooks is optimistic that regulators will find it easier to work with algorithms than with bankers. Go to Source Powered by WPeMatico