President Biden announces picks to fill CFTC vacancies
All CFTC nominations must be confirmed by the U.S. Senate in a simple majority vote. Go to Source Powered by WPeMatico
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Sen. Warren goes after Ethereum network fees in committee hearing
“High, unpredictable fees can make crypto trading really dangerous for people who aren’t rich,” said Senator Warren. Go to Source Powered by WPeMatico
Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers
The central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank of Russia Target Cryptocurrency Exchangers Russia’s central bank has … Read more
US lawmakers propose adding digital assets to ‘wash sale’ rule and raising capital gains tax
If passed, the plan would raise the capital gains tax rate for “certain high income individuals” to 28.8%, while eliminating the “wash sale” loophole for crypto users. Go to Source Powered by WPeMatico
SEC chair doubles down, tells crypto firms ‘come in and talk to us’
“Under our laws, they have to register with the Commission unless they qualify for an exemption,” said Gary Gensler. Go to Source Powered by WPeMatico
US Treasury Department Officials Discuss ‘Risks and Benefits Posed by Stablecoins’ With Players From Financial Industry
The U.S. Treasury Department is reported to have held meetings with participants from the country’s financial industry to discuss “the risks and benefits posed by stablecoins.” In addition, officials are said to have used the meetings to discuss “whether stablecoins would require direct oversight if they become extremely popular.” Policymakers Alarmed by Growth of Crypto … Read more
Indian crypto exchanges prepare ad blitz for festive season
Indians exchanges are urging locals to buy and give Bitcoin during the upcoming holiday season. Go to Source Powered by WPeMatico
BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets
The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives in the private sector, including cryptocurrencies. “CBDCs will take years to be rolled out, while … crypto assets are already here,” he said. BIS Says … Read more
US SEC Issues Warning on Crypto Investment Scams Citing ‘Some Investors May Have FOMO’
The U.S. Securities and Exchange Commission (SEC) has issued a warning about fraudulent investment schemes involving cryptocurrencies. The regulator notes that some investors may have fear of missing out (FOMO) given the rise in prices of some crypto assets in recent years. SEC Warns Investors of Crypto Scams The U.S. Securities and Exchange Commission’s Office … Read more
SIX Swiss Exchange Receives Regulatory Approval to Launch Digital Asset Bourse
Switzerland’s stock exchange SIX has won regulatory approval to launch its long-awaited bourse for digital assets. This authorization enables the exchange “to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities.” SIX Digital Exchange Greenlighted to Launch SIX Digital Exchange (SDX) announced Friday that … Read more
