ASIC Chair Longo calls the growing demand for crypto ‘impossible to ignore’
He told an audience that the rise of blockchain currencies has been “nothing short of phenomenal.” Go to Source Powered by WPeMatico
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US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair
“The idea of having a tokenized dollar that is capable of being exchanged on a peer-to-peer basis on a platform where developers can innovate and develop new products and services… I think there’s a strong case for that,” said Pat Toomey. Go to Source Powered by WPeMatico
Fed conducted ‘policy sprints’ around crypto assets to address regulatory clarity
Government agencies are planning to adjust compliance standards on existing laws and regulations related to custody services, buying and selling crypto, crypto-collateralized loans, HODLing, and the issuance of stablecoins. Go to Source Powered by WPeMatico
Indian parliament’s agenda for winter session includes bill on banning ‘private cryptocurrencies’
The Cryptocurrency and Regulation of Official Digital Currency Bill is one of 26 new pieces of legislation for India’s lower house of parliament to consider when it convenes on Nov. 29. Go to Source Powered by WPeMatico
Opposed to Bitcoin Payments, Bank of Russia Says State Should Not Stimulate Spread of Cryptocurrencies
Cryptocurrencies are anonymous and the government shouldn’t encourage their spread, the head of Bank of Russia has insisted. The regulator remains firmly opposed to the legalization of bitcoin and the like as a means of payment in the Russian Federation. Bank of Russia Reiterates Negative Stance on Cryptocurrencies, Legalization of Bitcoin A “responsible state” should … Read more
Bitcoin bulls in City Hall: Meet America’s crypto mayors
A wave of political goodwill and support for Bitcoin is building up. Is this just hype, or will there be long-lasting support for crypto? Go to Source Powered by WPeMatico
India Considers Allowing Only Preapproved Cryptocurrencies — Crypto Regulation Expected by Year-End: Report
India is reportedly considering allowing only preapproved cryptocurrencies to be listed and traded on exchanges. In addition, the government aims to both introduce and pass a cryptocurrency law by year-end. Indian Crypto Regulation and Preapproved Cryptocurrencies India is considering allowing only cryptocurrencies that have been “preapproved by the government” to be listed and traded on … Read more
US lawmakers introduce bill to ‘fix’ crypto reporting requirement from infrastructure law
The bill proposes pushing back the mandated reporting requirements to 2026 as well as changing the definition of broker. Go to Source Powered by WPeMatico
US is not moving fast enough to develop a CBDC, says former CFTC chair
“We should act now to improve access to financial services through other means as well — the need is too great,” said Tim Massad. Go to Source Powered by WPeMatico
Acting OCC head calls for consolidated supervision for crypto firms
Michael Hsu said this approach would require more cooperation from both federal and state regulators, with “less regulatory competition” and “more interdependence.” Go to Source Powered by WPeMatico
