El Salvador buys 21 Bitcoin to celebrate December 21, 2021
Buying Bitcoin is becoming a way of celebrating different occasions or playing around with meaningful figures by El Salvador. Go to Source Powered by WPeMatico
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Law Decoded: Making sense of mixed signals, Dec. 13–20
This week in crypto regulation was marked by officials expressing contradictory views on how to approach digital assets. Go to Source Powered by WPeMatico
SEC commissioner Elad Roisman will leave by end of January
Roisman was sworn into the SEC in 2018 and served as acting chair until January 2021, with his term as commissioner originally set to expire in 2023. Go to Source Powered by WPeMatico
China Censors Crypto-Themed Short Videos Shared Online
An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional taboos in China like mocking its leadership, provoking sectarianism, and showing sex. Clips on Crypto Trading, Mining Banned in China The China Netcasting Services Association … Read more
US Senate confirms CFTC chair as President Biden announces commissioner picks
At his October confirmation hearing, Rostin Behnam said it was “critically important to have a primary cop on the beat” of an emerging market that included cryptocurrencies and stablecoins. Go to Source Powered by WPeMatico
Kazakhstan’s central bank reports results on CBDC pilot project
The National Bank of Kazakhstan said it plans to present some of the results of the CBDC study to stakeholders in July 2022 and reaching a decision on launching a digital tenge by December. Go to Source Powered by WPeMatico
Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022
According to the U.S. lawmakers, the infrastructure law contains an “overly-broad interpretation” of what a broker is and places the reporting burden on individuals who may not have the necessary information to comply. Go to Source Powered by WPeMatico
Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US
“Stablecoins can certainly be a useful, efficient consumer-serving part of the financial system if they’re properly regulated,” said Jerome Powell. Go to Source Powered by WPeMatico
Witnesses offer differing opinions on approach to stablecoins at congressional hearing
Every witness who appeared in front of the committee seemed to have their own rallying cry for U.S. lawmakers, from calling for greater KYC/AML compliance to “avoid policies that encourage the growth of stablecoins.” Go to Source Powered by WPeMatico
‘DeFi is the most dangerous part of the crypto world,’ says Senator Elizabeth Warren
The U.S. lawmaker claimed that the value of stablecoins would “take a nosedive,” with small investors largely feeling the effects of a potential downturn. Go to Source Powered by WPeMatico