Fed’s Powell: DeFi needs appropriate regulation before expanding to retail
Jerome Powell acknowledged that DeFi will start to reach more retail customers, highlighting the need for regulation. Go to Source Powered by WPeMatico
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Fed Chair Powell Sees ‘Real Need’ for More Appropriate Defi Regulation Citing ‘Very Significant Structural Issues’
Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem. Fed Chair Jerome Powell on Defi Regulation Federal Reserve Chairman Jerome Powell talked about the regulation of decentralized finance (defi) Tuesday during a panel discussion on digital finance hosted … Read more
‘Time is not on our side’ to provide regulatory clarity on crypto, says US lawmaker
“We’ve got to move, pick a regulator, and give the market the certainty and guardrails it deserves,” said House Representative Josh Gottheimer. Go to Source Powered by WPeMatico
FCA green lights Revolut, making no UK crypto firms operating under temporary status
Revolut had been the last ‘holdout’ out of 12 companies originally granted FCA temporary registration to continue offering crypto services in March. Go to Source Powered by WPeMatico
Global Manhunt for Terra Luna Founder Do Kwon After Interpol Issues Red Notice
The global law enforcement agency the International Criminal Police Organization (Interpol), issued a notice for Terraform Labs co-founder Do Kwon just a few weeks after a warrant for his arrest was issued by South Korean authorities. The red notice enables South Korea to receive help from global law enforcement bodies in locating and “provisionally arrest[ing] … Read more
More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation of securities laws. Nexo Targeted by Several Securities Regulators Over the Crypto Lender’s Earn Interest Product … Read more
Terra co-founder Do Kwon says he’s ‘making zero effort to hide’ following Interpol notice
Do Kwon told his more than one million Twitter followers that he had not seen his name on Interpol’s Red Notice list, but not all names are made available to the public. Go to Source Powered by WPeMatico
Pro-centralization Russian president grants citizenship to Edward Snowden: Report
The views of the NSA whistleblower, who has been in Russia since 2013, seemingly clash with those of President Vladimir Putin, who has often worked against promoting decentralization. Go to Source Powered by WPeMatico
Kraken’s incoming CEO: No plans to register with SEC
Dave Ripley says he doesn’t see a reason to register with the SEC as an exchange because Kraken does not offer securities to users. Go to Source Powered by WPeMatico
Crypto Payments May Not Help Russia Bypass Sanctions, Experts Say
Russia is preparing to authorize international crypto payments but people involved in the industry doubt this would allow the country to circumvent sanctions. At the same time, the United States has been tightening the noose, recently targeting the use of cryptocurrencies to dodge the financial restrictions imposed by the West with new legislation in Congress. … Read more