Digital currencies won’t impact US sanctions, Treasury exec says
Russia’s digital ruble won’t help the country avoid U.S. sanctions because the global economy is “interconnected,” an official said. Go to Source Powered by WPeMatico
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US lawmakers introduce bill to ‘fix’ crypto reporting requirement from infrastructure law
The bill proposes pushing back the mandated reporting requirements to 2026 as well as changing the definition of broker. Go to Source Powered by WPeMatico
Bitso and Circle work on crypto payments between Mexico and US
Bitso is also known as the core crypto service provider for El Salvador’s official Bitcoin wallet, launched in September. Go to Source Powered by WPeMatico
US is not moving fast enough to develop a CBDC, says former CFTC chair
“We should act now to improve access to financial services through other means as well — the need is too great,” said Tim Massad. Go to Source Powered by WPeMatico
Acting OCC head calls for consolidated supervision for crypto firms
Michael Hsu said this approach would require more cooperation from both federal and state regulators, with “less regulatory competition” and “more interdependence.” Go to Source Powered by WPeMatico
US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud
“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department. Go to Source Powered by WPeMatico
Ripple outlines possible regulatory framework for crypto industry in US
Innovation sandboxes, applying existing frameworks on crypto, and communication between the public and private sectors were included in Ripple’s suggestions. Go to Source Powered by WPeMatico
Novogratz’s crypto firm Galaxy Digital delays US stock listing to 2022
After initiating the BitGo acquisition in May, Galaxy Digital expects to close the deal in the first three months of 2022. Go to Source Powered by WPeMatico
President Biden signs infrastructure bill into law, mandating broker reporting requirements
Crypto was absent from every speaker’s lips during the signing ceremony, with bipartisanship and jobs seeming to be the theme of the afternoon. Go to Source Powered by WPeMatico
Crypto mining stocks dip as SEC issues subpoena for Marathon Digital mining facility
Share prices of Marathon Digital stock dropped, as did those from major crypto mining firms including Riot Blockchain, Bitfarms, Bit Digital, and Hut 8. Go to Source Powered by WPeMatico
