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
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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
IMF reiterates more oversight for crypto in latest report on financial stability
The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility. Go to Source Powered by WPeMatico
Texas Democratic Party aims to use NFT sales for fundraising efforts
“We can’t wait to continue turning powerful, exclusive, behind-the-scenes moments into digital assets that help fuel progressive objectives,” said Front Row co-founder Parker Butterworth. Go to Source Powered by WPeMatico
US lawmaker is most concerned about Treasury’s response to crypto
Exactly 3% of the U.S. Senate was in attendance at the Texas Blockchain Summit on Oct. 8, all addressing their fellow lawmakers’ understanding of crypto and blockchain. Go to Source Powered by WPeMatico
Swiss think tank initiates vote to add Bitcoin in federal constitution
Successful or not, the vote will bring crypto education to people who are not yet Bitcoin-savvy, 2B4CH founder said. Go to Source Powered by WPeMatico
Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors
Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks. Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency Deputies in … Read more
Russia aims to limit crypto purchases by non-accredited investors
The Bank of Russia also wants to slow down transactions to crypto exchanges to prevent “emotional” crypto purchases. Go to Source Powered by WPeMatico
Ukraine President Zelensky Returns Law ‘On Virtual Assets’ to Parliament
The Ukrainian president has sent the recently adopted law “On Virtual Assets” back to the Verkhovna Rada, the country’s legislature. The head of state has come up with his own suggestions and opposed the establishment of a new regulatory body that would require additional financing. Setting Up New Crypto Market Regulator Will Be Expensive, Zelensky … Read more