China-based regulatory and trade associations target NFTs in latest risk notice
“We solemnly call on consumers to […] be vigilant and stay away from NFT-related illegal financial activities,” said the associations. Go to Source Powered by WPeMatico
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Brazilian Senate announces incoming approval of the ‘Bitcoin law’
The law will allow the President of Brazil to designate or create a regulatory agency to oversee the crypto market. Go to Source Powered by WPeMatico
Cryptocurrencies Carry Systemic Risks, Threaten Ruble, Bank of Russia Insists
The spread of cryptocurrencies brings significant risks for Russia’s economy, financial stability, and national fiat, the monetary authority in Moscow has reiterated. The central bank has reaffirmed its hardline stance on decentralized digital money in a new report published as the government prepares to regulate the Russian crypto space. Central Bank of Russia Issues Warnings … Read more
Law Decoded: Crypto risks, imaginary and real, and creative ways of addressing them, April 4–11
The Treasury admits there’s not much crypto-aided sanctions evasion going on, stablecoins attract regulatory attention, and a fourth futures-based BTC ETF secures approval. Go to Source Powered by WPeMatico
Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions
The Ministry of Finance of the Russian Federation has revised a draft law designed to regulate the country’s crypto space, introducing provisions for cryptocurrency mining. The bill has been resubmitted to the government and may be adopted during the parliament’s spring session. Updated Law ‘On Digital Currency’ Filed With Russian Government Russia’s Ministry of Finance … Read more
Number of UK crypto firms operating under FCA temporary registration status drops
The Financial Conduct Authority named CEX.IO, Revolut, Copper, Globalblock, and Moneybrain as companies in the crypto space temporarily allowed to operate in the United Kingdom. Go to Source Powered by WPeMatico
EU bans providing ‘high-value crypto-asset services’ to Russia
Prohibiting crypto services was one of three financial measures the European Commission proposed in addition to an import ban on Russian coal. Go to Source Powered by WPeMatico
NY State Supreme Court dismisses petition against crypto mining company
The judge ruled that the petition lacked merit as he didn’t find proof of the environmental harm. Go to Source Powered by WPeMatico
Russians collectively hold $130B in crypto, prime minister says
Russians reportedly hold about $130 billion in cryptocurrency but the government is yet to adopt crypto legislation. Go to Source Powered by WPeMatico
Treasury Secretary hints at regulatory framework to address potential risks in digital asset markets
“Digital asset exchanges and other digital native intermediaries — they should be subject to appropriate forms of oversight,” said Janet Yellen. Go to Source Powered by WPeMatico
