Regulation – Page 415

US Launches National Cryptocurrency Enforcement Team to Prosecute ‘Criminal Misuses of Cryptocurrency’

October 7, 2021 by DIGIT

The U.S. has launched the National Cryptocurrency Enforcement Team, an initiative of the Department of Justice (DOJ), to tackle and prosecute “criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering.” U.S. Deputy Attorney General Lisa Monaco said, “The point is to protect consumers.” DOJ’s New Crypto … Read more

US Justice Dept announces launch of national crypto enforcement team

October 6, 2021 by DIGIT

“We need to make sure that folks can have confidence when they’re using these systems and we need to make sure we’re poised to root out abuse that can take hold on them,” said Lisa Monaco. Go to Source Powered by WPeMatico

SEC Chairman Gary Gensler: No Plan to Ban Crypto, It’s up to Congress

October 6, 2021 by DIGIT

SEC Chairman Gary Gensler says that the SEC has no plan to ban cryptocurrencies as China has done. He noted that it would be up to Congress to make such a decision. Recently, Federal Reserve Chairman Jerome Powell similarly said that the Fed had no intention to ban or limit the use of cryptocurrencies. SEC … Read more

Gensler confirms SEC won’t ban crypto … but Congress could

October 6, 2021 by DIGIT

Representative Tom McHenry believes Gary Gensler’s SEC has disregarded standard practice when going after crypto. Go to Source Powered by WPeMatico

Bitcoin price is back at $50K, but exactly how ‘bullish’ are the bulls?

October 5, 2021 by DIGIT

BTC’s futures markets premium and options risk gauge show that there are not any signs of excessive leverage or FOMO from traders — yet. Go to Source Powered by WPeMatico

US lawmaker proposes safe harbor for digital tokens in new bill

October 5, 2021 by DIGIT

The “Clarity for Digital Tokens Act of 2021” bill seemingly builds on an initiative from SEC commissioner Hester Peirce, who has called for creating a safe harbor for projects that raise funds to build decentralized networks. Go to Source Powered by WPeMatico

IMF managing director: 110 countries are ‘at some stage’ of CBDC development

October 5, 2021 by DIGIT

Kristalina Georgieva said that stablecoins “fill the digital gap in privately issued money,” but labeled Bitcoin and other cryptocurrencies as assets rather than a form of money. Go to Source Powered by WPeMatico

Bitcoin Will Become Currency in Brazil Soon, According to Federal Deputy Aureo Ribeiro

October 5, 2021 by DIGIT

Aureo Ribeiro, a federal deputy in Brazil, stated that bitcoin might become a recognized currency in Brazil soon, during an interview with local media. The politician stated that Brazilians may be able to purchase houses, cars, and even fast food at McDonald’s with cryptocurrency in the near future. Bill 2.303/15, which regulates cryptocurrencies, might approve … Read more

Circle reveals cooperation in ongoing SEC investigation

October 5, 2021 by DIGIT

Circle has published filings revealing it is cooperating with a subpoena from the SEC that it received in July. Go to Source Powered by WPeMatico

JPMorgan CEO: Bitcoin Has No Intrinsic Value, Regulators Will ‘Regulate the Hell out of It’

October 5, 2021 by DIGIT

The CEO of global investment bank JPMorgan, Jamie Dimon, says that bitcoin has no intrinsic value and “regulators are going to regulate the hell out of it.” He emphasized: “If people are using it for tax avoidance and sex trafficking and ransomware, it’s going to be regulated, whether you like it or not.” JPMorgan’s Boss … Read more