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According to the latest data from Chainalysis, the total cryptocurrency value received by illicit addresses grew to a new all-time high of $14 billion in 2021. Although the new all-time high is almost twice the $7.8 billion that was recorded in 2020, it represents just 0.15% of the 2021 cryptocurrency transaction volume. Percentage of Funds … Read more
With the addition of Caroline Pham’s and Summer Mersinger’s names sent to the Senate for confirmation, the U.S. President has the opportunity to completely reshape the CFTC leadership. Go to Source Powered by WPeMatico
“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said the group’s chairperson and MP Lisa Cameron. Go to Source Powered by WPeMatico
Should Eric Adams accept his first three paychecks in Bitcoin, he would likely acquire more than 1 BTC following the price drop to $42,948. Go to Source Powered by WPeMatico
ESMA, the European Securities and Markets Authority, has set out to establish if EU authorities need to amend existing regulations in order to facilitate the trading and settlement of tokenized securities. The regulator is now seeking opinions on the matter ahead of launching a pilot regime for market infrastructures based on distributed ledger technology (DLT). … Read more
El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained. El Salvador Drafting Legal Framework for Bitcoin Bonds El Salvador’s finance minister, Alejandro Zelaya, said in an … Read more
The U.S. president has not officially announced his nominations to fill the vacancies at the Federal Reserve, but two of his picks for CFTC commissioners as well as his choices to lead the Fed are moving to the Senate for confirmation. Go to Source Powered by WPeMatico
The Latin American nation is still struggling to cope with BTC’s volatility when used as a medium of exchange and gaining mainstream understanding and acceptance from its populace. Go to Source Powered by WPeMatico
A draft of a new cryptocurrency asset law was introduced in Peru in December, seeking to regulate the cryptocurrency interactions that are already happening in the country. The draft law, besides defining what a crypto asset is and establishing the duties of virtual asset service providers (VASPs), also seeks to legalize the use of assets … Read more
A renowned economist who is a member of India’s Monetary Policy Committee says that a total cryptocurrency ban is difficult to implement and “would only increase illegal activities and participation in the darknet.” She believes that crypto assets should be regulated. Monetary Policy Committee Member Says a Complete Crypto Ban Is Difficult to Implement Ashima … Read more