US lawmaker purchases exposure to Bitcoin through Grayscale shares
Congressperson Marie Newman bought between $15,001 and $50,000 of GBTC in addition to up to $215,000 in Coinbase Global’s COIN shares. Go to Source Powered by WPeMatico
Regulation
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CIA Working on Various Crypto-Focused Projects, Director Confirms
The director of the U.S. Central Intelligence Agency (CIA) has revealed that the agency is working on a number of cryptocurrency-focused projects. Cryptocurrencies “could have enormous impact on everything from ransomware attacks,” he said. CIA Has Been Working on Various Crypto Projects CIA Director William Burns revealed Monday at the Wall Street Journal’s CEO Summit … Read more
Why a securities specific blockchain is needed, explained
Security tokens deployed on a purpose-built blockchain may be the solution to financial institution adoption. Go to Source Powered by WPeMatico
Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh
He clarified that it’s mostly fiat money stablecoins that bear the brunt of this regulatory scrutiny. Go to Source Powered by WPeMatico
Australia to Regulate Crypto Sector as Part of Payments Reform
The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple and Google. Payment Laws in Australia to Cover Crypto Business and Big Tech Authorities … Read more
US is ‘unquestionably’ behind the curve on crypto ETFs, says Brian Brooks
Brian Brooks proposed regulators treat crypto in much the same way as traditional financial institutions rather than creating an entirely new body to create a single framework for digital assets. Go to Source Powered by WPeMatico
Discussion on crypto and major tech firms combine in hearing over decentralization of digital ecosystem
“The point of crypto is to have true decentralization — the projects that succeed will be the projects that achieve that,” said Brian Brooks. Go to Source Powered by WPeMatico
‘Nation should not compensate investors for crypto losses’ says UK’s Financial Conduct Authority CEO
UK’s top financial watchdog wants to bar investors from accessing government compensation in the event of crypto scams or not-at-fault financial loss. Go to Source Powered by WPeMatico
Biden Administration Unveils Plan to Focus on ‘Prosecutions of Criminal Misuses of Cryptocurrency’
The Biden-Harris administration has unveiled its strategy on “countering corruption.” It includes utilizing the government’s newly established task force, the National Cryptocurrency Enforcement Team, to focus on “complex investigations and prosecutions of criminal misuses of cryptocurrency.” US Crypto Enforcement Strategy for ‘Countering Corruption’ The White House announced Monday, “In line with the president’s direction, the … Read more
Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets
“We don’t need knee-jerk reactions by lawmakers to regulate out of fear of the unknown rather than seeking to understand,” said Representative Patrick McHenry. Go to Source Powered by WPeMatico