cryptocurrency legislation – DIGIT INFO

Hong Kong to enhance digital asset regulation in 18 months

DIGIT — Sun, 11 Aug 2024 12:19:01 +0000

By establishing a comprehensive regulatory framework, the city aims to attract global fintech talent, foster innovation, and ensure the security and integrity of digital asset transactions.

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Tech Coalition Urges Biden to Lead on Cryptocurrency Regulation

DIGIT — Wed, 10 Jul 2024 18:21:28 +0000

In a recent letter to U.S. President Joe Biden, the Chamber of Progress, a tech industry coalition, called for comprehensive cryptocurrency regulation. The group emphasized the importance of a clear regulatory framework for digital assets, highlighting the potential benefits for both investors and the U.S. economy. Chamber of Progress to Biden: Seize Opportunity for Comprehensive […]

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DOJ’s Unlawful Interpretation Threatens Bitcoin and Crypto Innovation, Lawmakers Warn

DIGIT — Thu, 16 May 2024 23:11:18 +0000

Two U.S. senators have criticized the Department of Justice (DOJ)’s new interpretation of “money transmission,” which extends requirements to non-custodial software, citing concerns over its impact on crypto networks and financial innovation. “I’m concerned the DOJ’s interpretation would treat software developers as criminals for merely writing and publishing code used by others,” one of the […]

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US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote

DIGIT — Sat, 11 May 2024 19:35:59 +0000

The House Committee on Rules has decided to review the Financial Innovation and Technology for the 21st Century (FIT21) Act, paving the way for a floor vote later this month. The legislation sets a path for enhanced regulatory clarity in the U.S. crypto ecosystem, balancing robust consumer protections with the needs of a burgeoning digital […]

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Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity

DIGIT — Tue, 01 Feb 2022 03:30:42 +0000

A recent survey by Deloitte shows that 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of crypto assets. Moreover, 77.4% of respondents want cryptocurrency to be treated as securities. Indian Crypto Survey: 82% Plan to Invest in Crypto Once It Is Regulated Professional services firm Deloitte […]

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SEC Chairman Gary Gensler Adds Crypto Adviser to Executive Staff

DIGIT — Fri, 31 Dec 2021 18:30:31 +0000

The U.S. Securities and Exchange Commission (SEC) has added a number of advisers to Chairman Gary Gensler’s executive staff. Among them is Corey Frayer, who advises Gensler on “SEC policymaking and interagency work relating to the oversight of crypto assets.” SEC Has New Adviser for the Oversight of Crypto Assets The U.S. Securities and Exchange […]

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Legal Experts Say It’s Too Late to Ban Crypto, India Needs Comprehensive Regulation

DIGIT — Wed, 29 Dec 2021 04:30:02 +0000

Indian legal experts reportedly say that it is too late to ban cryptocurrency despite calls for a complete crypto ban by the central bank, the Reserve Bank of India (RBI). The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, also passed a resolution calling for an outright ban on crypto. Meanwhile, […]

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Indian Crypto Exchange Says 82% of Users Earn Profits This Year, Trading Volume Soars 1,735%

DIGIT — Fri, 17 Dec 2021 15:00:21 +0000

A major cryptocurrency exchange in India, Wazirx, has reported “a massive surge in user signups” this year, with 82% of its users making profits on their crypto investments. Its trading volume also rose 1,735% from the previous year. Meanwhile, the Indian government is actively working on the country’s crypto regulation. $43 Billion in Trading Volume, […]

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