SEC reportedly contracts blockchain analytics firm to monitor DeFi industry
“The SEC is very keen on understanding what is happening in the world of smart contract-based digital assets,” said Victor Fang. Go to Source Powered by WPeMatico
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‘Don’t kill crypto’ billboard goes up in Alabama in advance of House tackling infrastructure
“We want members of Congress to know that we’ll be watching them and that we won’t let them hide from their positions on this,” said Evan Greer. Go to Source Powered by WPeMatico
Korea’s FSC Chairman Nominee Skeptical Over Cryptocurrency as Financial Asset
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international institutions. Candidate to Head Korea’s Financial Regulator Says Crypto Is Not Currency […] … Read more
UK Regulator FCA Says Crypto Exchange Binance Has Complied With Its June Requirements
The U.K. financial regulator, the Financial Conduct Authority (FCA), has announced that cryptocurrency exchange Binance has complied with the requirements it imposed on the company in June. The FCA further clarified that while Binance is allowed to provide some investment services, it is not authorized to provide services related to crypto assets in the U.K. … Read more
Chinese Court Rules Cryptocurrency Is Not Protected by Law Citing Lack of Legal Status
A Chinese high court has issued a public statement affirming that trading or investing in cryptocurrency is not protected by law, citing crypto assets’ lack of legal status in China. Chinese Court States Crypto Not Protected by Law The high court in China’s northern Shandong province issued a public statement Sunday clarifying that cryptocurrency is … Read more
CFTC commissioner says agency has broad enforcement authority on crypto derivatives
“A trading platform that offers derivatives on digital assets to U.S. persons without registering, or in violation of CFTC trading rules, is subject to the CFTC’s enforcement authority,” said Dawn Stump. Go to Source Powered by WPeMatico
El Salvador president announces infrastructure already being built ahead of country’s Bitcoin adoption
According to Nayib Bukele, there will be 200 ATMs and 50 branches capable of converting Bitcoin into U.S. dollars starting on Sept. 7. Go to Source Powered by WPeMatico
Iran to lift Bitcoin mining ban in September
Authorized Bitcoin miners will be able to resume their operations after the electricity preservation policy during the hot summer months. Go to Source Powered by WPeMatico
How will regulatory troubles and mandatory KYC impact Binance Coin (BNB) price?
Data shows traders have mixed emotions about BNB’s future given Binance’s regulatory troubles and new mandatory KYC policy. Go to Source Powered by WPeMatico
Missouri mayor suggests giving residents up to $1K in Bitcoin
Jayson Stewart hinted Cool Valley residents could be required to HODL the funds for five years. Go to Source Powered by WPeMatico