Bitcoin adoption could dampen El Salvador’s credit rating, Fitch says

Fitch Ratings has warned that El Salvador’s move to regulate Bitcoin (BTC) as legal tender could negatively affect credit ratings of the country’s insurance sector.   The global credit scoring agency has joined the pack of El Salvador’s Bitcoin adoption critics, stating concerns about the country’s poor articulation of the crypto’s implementation in mainstream markets.

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Paraguayan Lawmakers Present a Very Different ‘Bitcoin Bill’ Than Expected

A group of Paraguayan lawmakers presented a ‘Bitcoin bill’ in the National Congress last week, but it turned out to be a very different proposal than what crypto followers expected. The bill seeks to control and regulate cryptocurrency transactions and establish taxes.

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A classic case of short-term loss, long-term gain for Bitcoin and the crypto-sector?

Regulatory scrutiny has become an oft-visited issue in recent months, with countries all over the world stepping up their efforts to regulate the cryptocurrency ecosystem. Several arguments have been The post A classic case of short-term loss, long-term gain for Bitcoin and the crypto-sector? appeared first on AMBCrypto.

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Paraguay’s Proposed Bitcoin Bill to Regulate Cryptocurrency Trading and Mining

After El Salvador, Paraguay is taking essential steps towards regulating cryptocurrency by introducing a new bill developed by Congressman Carlos Rejala and Senator Fernando Silva Facetti. While Rejala’s party only holds two seats in Congress, Facetti is a leader in one of the main opposition parties in the country, the Authentic Radical Liberal Party, which […] The post Paraguay’s Proposed Bitcoin Bill to Regulate Cryptocurrency Trading and Mining first appeared on BitcoinExchangeGuide.

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Bitcoin Critic Sen. Warren Gives SEC 3 Weeks to Regulate Crypto Markets

The US Securities and Exchange Commission (SEC) has up until July 28 to figure out a crypto regulatory framework for protecting US citizens with an interest in cryptocurrency investments. This is according to an open letter written to SEC chair Gary Gensler by the US Senior democratic senator for Massachusetts Elizabeth Warren. Speaking as the […]

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Iranian Draft Bill to Regulate Crypto, Ban Bitcoin Payments

A bill drafted by the Iranian Parliament’s Economic Commission is to set out a framework for regulating cryptos that includes plans to develop a national cryptocurrency. The bill titled “support...

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Regulate Not Legalize: Paraguay Clarifies Bitcoin Move

Weeks after El-Salvador set a national record as the first nation to slap a highly-revered legal tender status on Bitcoin, rumors flooded the crypto space after an announcement from the national lawmaker, that Paraguay is next in line to follow suit.

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SEC’s 2021 Regulatory Agenda Does Not Include Bitcoin or Crypto

With cryptos like Bitcoin deemed not securities, they fall out of the SEC’s jurisdiction, and the agency has no legal authority to regulate the crypto space while continuing to postpone the decision on Bitcoin ETFs.

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Bitcoin Left Out Of SEC’s 2021 Regulatory Agenda

The US SEC has tabled a plan on how it will regulate the market this 2021, but the conspicuous exception of Bitcoin and other cryptos from the regulatory agenda is turning heads. Many hoped that the crypto industry would somehow feature in the regulatory agenda, especially now that cryptocurrencies like Bitcoin have gone fully global […]

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El Salvador’s Bitcoin Bill Gets Congressional Approval, But Skeptics Voice Their Concerns

El Salvador’s Bitcoin Bill was first publicized last weekend during the Bitcoin Miami 2021 Conference. It proposes to regulate Bitcoin as legal tender, therefore integrating it with the country’s official currency, the U.

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El Salvador Bitcoin Law Making BTC Legal Tender Passes With Supermajority

The bill to make bitcoin legal tender in El Salvador has been approved by a supermajority in the Salvadoran Congress. “The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out,” […]

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China's Latest Bitcoin "Ban" Is Impacting Mining, Exchange Landscape

The latest efforts in China to regulate Bitcoin seems to be having a significant effect on mining and exchange businesses.

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IRS Rains On Bitcoin Parade With Mandatory >$10k Transaction Reporting

In the latest of a series of moves to regulate the leaping trillion dollar cryptocurrency market, the US treasury has now mandated that Crypto transfers worth $10,000 and above, must be reported to the IRS.

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New SEC Chairman Unveils Policies for Cryptocurrencies, Calls Bitcoin ‘Scarce Store of Value’

The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has shared his view on how the SEC plans to regulate cryptocurrencies, particularly bitcoin. He calls bitcoin “a digital, scarce store of value” and stresses the need to put in place some investor protections for this asset class. New SEC Chairman Talks […]

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Turkish Govt. Planning to Establish a Central Custodian Bitcoin Bank to Remove Counterparty Risk

Turkey is now planning to regulate its cryptocurrency market after two exchanges Thodex and Vebitcoin’s collapse in a matter of days. According to a senior official familiar with the plans, the government is planning to establish a central custodian bank to eliminate counterparty risk, reported Bloomberg.

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China’s Central Bank Looking to Regulate Bitcoin as an Investment Vehicle 

High ranking officials of the People’s Bank of China (PBOC) have hinted that the apex bank is looking for ways to regulate bitcoin (BTC) as an investment vehicle, as they have major roles to play in the future, according to a Weixin report on April 18, 2021.

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Spanish Government Seeking Public Comment for Bitcoin Regulations

The Spanish government is seeking public input as it aims to regulate Bitcoin and other cryptocurrencies

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Authorities to regulate one of the world’s biggest Bitcoin markets

Two Nigerian regulatory bodies, the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), have agreed to conduct research to regulate and govern the sector’s booming Bitcoin and crypto market.

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Peter Schiff says govt should not regulate Bitcoin; criticizes Elon Musk

Peter Schiff, chairman of Schiffgold and long-time Bitcoin critic thinks that US government should not regulate Bitcoin. In his latest tweet, Schiff also stated that he was not against people buying oThe post Peter Schiff says govt should not regulate Bitcoin; criticizes Elon Musk appeared first on AMBCrypto.

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I Don't Think Government Should Regulate Bitcoin: Peter Schiff

Prominent Bitcoin opponent Peter Schiff believes governments should not regulate Bitcoin; he has not changed his take on BTC, though

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This is the biggest hurdle Bitcoin faces when it comes to cross-border txns

Bitcoin has grown by leaps and bounds over the past year. However, as is often the case, growth and attempts to regulate often go hand-in-hand, with the past year also seeing increasing efforts at regThe post This is the biggest hurdle Bitcoin faces when it comes to cross-border txns appeared first on AMBCrypto.

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South Africa’s Primary Financial Regulator Proposes New Crypto Regulations In The Country

Reports from Bloomberg confirms that South Africa’s primary financial regulator, Financial Sector Conduct Authority (FSCA), is planning to regulate cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

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Extremism and Cryptocurrency: The Story Too Big to Ignore

In this episode, Anna Baydakova, Danny Nelson, and Tanzeel Akhtar discuss livestreaming the insurrection on a blockchain, Iran taking the mining industry under control, and if Europe can regulate bitcoin.

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Bitcoin Logs Revenge Recovery as Lagarde Calls for Global Regulation

Bitcoin prices drifted higher on Wednesday, breaking away from bearish calls as Christine Lagarde raised the need to regulate it at the global level. In an interview with Reuters, the European Central Bank President said that Bitcoin is a highly speculative asset that has facilitated “some reprehensible activity,” such as money laundering, adding that “there […]

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Janet Yellen and the Fed Will Continue to Push Bitcoin to New Highs in the Next 5 Years: Celsius Network CEO

US Treasury Secretary Steven Mnuchin hasn’t been really good for cryptocurrencies. As we reported, the Treasury said in a statement on Monday, “There is strong support across the G7 on the need to regulate digital currencies.

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Bitcoin Falls as Mnuchin [Reportedly] Plans to Regulate Private Wallets

The flagship cryptocurrency hit an intraday low of $17,150 in early Asian hours Monday, down more than 12 percent from its year-to-date peak of $19,500.

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Kyrgyzstan's central bank moves to regulate cryptocurrencies with new draft law

Seems like the entire world is taking notice of Bitcoin and the wider cryptocurrency market. The Central Asian country of Kyrgyzstan is the latest to do so after the National Bank of the Kyrgyz RepublThe post Kyrgyzstan's central bank moves to regulate cryptocurrencies with new draft law appeared first on AMBCrypto.

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Despite Blanket Ban in 2018, Pakistan Regulators Look to Build Friendly Framework for Digital Assets

Pakistan seems to realize the potential of digital assets in the financial future as the country seems geared up for formulating a new framework to regulate cryptocurrencies such as bitcoin. This is highly bullish since Pakistan was among the very few countries that in mid-2018 blanket banned digital assets in any form.

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Abkhazia Lifts Two-Year Ban on Bitcoin Mining, Moves to Regulate the Sector

Abkhazia, the self-governing but disputed territory of just 245,000 people sandwiched between Russia and Georgia, has lifted its two-year ban on cryptocurrency mining. The ban came into effect in December 2018 after a surge in mining activity left the region facing an energy crisis.

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Israel Wants To Classify Bitcoin as a Currency to Amend the High Capital Gains Taxation

Israel is considering making Bitcoin a currency, according to a new bill that was tabled by four members of the Nationalist party Yisrael Beiteinu, which aims to regulate better the taxations of digital currencies in the country.

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Venezuelan Government Plans to Regulate All Bitcoin Mining

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Poland’s Financial Watchdog Mulls Crypto Regulation 

Polish Financial Supervision Authority (KNF), is now pondering on whether to regulate bitcoin (BTC) and other cryptocurrencies in the nation. The regulator is looking to formulae a uniform crypto regulatory framework that will govern crypto-linked businesses and is now seeking feedback from financial institutions and other stakeholders in ts cryptospace, according to reports on JulyRead MoreRead More.

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U.K. Authorities Seek to Regulate Bitcoin Related Adverts 

Her Majesty’s Treasury (HMT), in collaboration with the government of the United Kingdom, has put up a proposal that seeks to give the country’s financial watchdog, the Financial Conduct Authority (FCA), the power to regulate some crypto-related advertisements in the region.

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The CFTC to Further Legitimize Bitcoin With Regulated Derivatives

In its strategic plan for 2020-2024, the CFTC will develop a framework to regulate and promote digital assets. Alongside Coinbase’s IPO dreams, this could be a catalyst for major adoption...

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Here’s How Proposed Stablecoin Regulations Could Play In Favor Of Bitcoin and XRP

This week, Central banks got recommendations to heavily regulate, if not ban, stablecoins. The recommendations were outlined by the Financial Stability Board (FSB). This organization makes recommendations about financial systems to central banks and finance ministers of G20 member countries.

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Reserve Bank of Zimbabwe Drafting Policy Framework to Regulate Digital Currencies

The Reserve Bank of Zimbabwe (RBZ) is interested in regulating digital currencies and has already started drafting a policy framework. This move came weeks after India curbed the ban imposed by the reserve bank of India on banks and financial institutions preventing them from dealing with individuals and businesses dealing with cryptos. Bitcoin has also […]

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Reserve Bank of Zimbabwe to regulate crypto; an effort to heal economy?

At press time, Bitcoin sentiment was extremely fearful; however, this did not stand in the way of crypto adoption. According to reports, Reserve Bank of Zimbabwe [RBZ] has begun work on the draft of aThe post Reserve Bank of Zimbabwe to regulate crypto; an effort to heal economy? appeared first on AMBCrypto.

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Zimbabwe Finally Decides to Regulate Cryptocurrency

Zimbabwe has long been a hive of cryptocurrency trading. But aside from some rumors after the government banned forex trading in Oct 2019, bitcoin’s fate in this country has been someone uncertain. Not for much longer, though.

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Ukraine Mandates Citizens to Declare Bitcoin (BTC) Holdings for Tax Purposes

In a bid to regulate its cryptocurrency space, Ukraine‘s National Agency for Prevention of Corruption (NAPC) has defined clear rules for declaring cryptocurrencies as intangible assets. As such, taxpayers in the country have been mandated to report their crypto holdings following these guidelines, according to a Forklog report on March 3, 2020.

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US Officials Hint at Extra Regulation for Bitcoin

Various governments are still looking to actively regulate Bitcoin and cryptocurrencies. In the US, it appears that some new proposals aim to achieve that goal. With the Federal Reserve exploring the issuance of a CBDC, regulation isn’t too far behind.

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Brussels Asks Europeans How to Regulate Bitcoin, Public Consultation Continues Into March

The European Commission is gathering feedback from EU citizens, businesses, regulators and other interested parties to establish a regulatory framework for crypto assets and markets on a European level.

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China may Decide to Regulate Bitcoin After all

Cryptocurrency regulation remains a controversial topic in different regions. Many hope to see some sort of solution emerge out of China, and it may be closer than one may think. Bitcoin and other digital assets have proven very difficult to regulate in many different ways.

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This Could Lead to a Bitcoin (BTC) Price War

China started the decline in BTC price and miners releasing additional supply into the market further put pressure S9-Antminer rigs no longer profitable, so the old machines need to get a shakeout. Miners are easy to regulate and provides tax revenue benefit unlike crypto exchanges that helped fuel speculation and capital flight in China What is […]

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Bakkt Parent Firm ICE Brings Bitcoin ‘Cash-Settled’ Futures to Singapore

Bitcoin’s ‘cash-settled’ futures market is coming to Singapore. ICE, the operator behind Bakkt’s BTC futures firm, has chosen to offer this new product, which will be traded on ICE Futures Singapore.

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Presidential Candidate Andrew Yang Discusses His Plan for Cryptocurrencies

Presidential candidate Andrew Yang has detailed his plans to regulate the digital economy if he were to become the President of the United States. Yang’s recent blog post called “Regulating technology firms in the 21st century,” explains how the candidate believes current American legislators are out of touch with innovative technologies.

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Governments Viewing Crypto as a Threat Will Be Left Behind

In recent commentary at a New York blockchain conference, IRS Criminal Investigation Chief John Fort said the agency is now turning its focus to crypto ATMs and kiosks, as well as American users of foreign exchanges.

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State Bank of India Chief Says Crypto Regulation Is a Must

The chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.

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UK Govt: Cryptocurrency Derivatives Ban is FCA Business

The UK government says the Financial Conduct Authority (FCA) is firmly within its right to regulate the crypto space, amid reports of a potential ban on cryptocurrency derivatives. Per a report from Finance Feeds, the government highlighted the FCA’s independence, placing it outside the ambit of the executive.

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IMF To Warn Central Banks That Payment Narratives are Shifting Away From Them

Central bankers and finance ministers are set to come together for the World Bank annual meeting, and the IMF has some strong advice for them: regulate digital currencies or watch your monetary monopoly lose power.

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