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Bank Of England Moves To Sketch Crypto Regulations As Fears Of Falling Back Mount
The Bank of England (BOE) is on the verge of sketching out Britain’s first regulatory framework for cryptocurrencies. дальше »
2022-3-28 13:03 | |
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Bitfury CEO acknowledges the benefits of the US executive order on crypto
The crypto regulatory framework for digital assets in the United States has shifted following the executive order signed by the US president. The executive order addresses regulations in the cryptocurrency industry and the development of a central bank digital currency (CBDC). дальше »
2022-3-10 19:39 | |
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US Federal Reserve says Russia sanctions highlight need for crypto regulations
The chairman of the US Federal Reserve, Jerome Powell, has called for a comprehensive regulatory framework for digital assets amid the conflict between Russia and Ukraine. Powell’s remarks are similar to those of Christine Lagarde, the president of the European Central Bank. дальше »
2022-3-3 12:36 | |
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Why ECB Thinks Quick Crypto Regulations Will Tie Down Putin
The European Central Bank president Christine Lagarde called for quick approval of crypto regulations as war and crypto become intertwined and moral quandaries appear. Authorities fear Russia could use digital assets to bypass the sanctions imposed upon them. дальше »
2022-2-26 02:59 | |
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Russian Finance Minister Supporting Crypto Regulations Rather Than Complete Ban
On Wednesday, February 16, 2022, the Russian financial ministry expressed a soft corner for the development of cryptocurrency. The ministry asked for Government help to regulate crypto investing, trading, and mining in Russia rather than putting a complete ban on it as advised by the central bank of Russia. дальше »
2022-2-17 23:10 | |
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Russia to recognize Bitcoin as currency
According to a local news report, the controversy around the status of cryptocurrency in Russia is about to come to an end. The Russian newspaper Kommersant reported that the Bank of Russia and the government have now reached an agreement on crypto regulations. дальше »
2022-2-10 06:00 | |
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Hong Kong’s Central Bank to Reveal Plans for Crypto Regulations Come July 2022
The de facto central bank of Hong Kong intends to have a new regulatory framework in place for crypto assets by July. This comes as the city races with Singapore to become a major center for the industry while also managing possible dangers. дальше »
2022-1-14 20:00 | |
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‘Bitcoin Is Not A Digital Currency, People Do Not Use It’, Bank Of Canada Governor Reckons
Bank of Canada’s governor, Tiff Macklem, says Bitcoin is not a currency. Mike Novogratz agrees, but asserts that Bitcoin is “digital gold. ” Canada still considers Bitcoin to be a commodity for tax purposes and is very open to making regulations for the crypto-industry. дальше »
2021-11-9 02:28 | |
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Pakistani High Court Orders Central Bank to Issue Crypto Regulatory Framework in Three Months
Pakistan could be on its way to comprehensive crypto regulations following an order from a High Court located in Sindh province on October 20. This order was in response to a petition from the local crypto community challenging the existing ban on cryptocurrencies that came into place in 2018. New Regulations on the Way AccordingRead More дальше »
2021-10-21 23:00 | |
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Bank Of England Seeks To Strengthen Cryptocurrency Regulations
John Culifferthe, Bank of England’s Deputy Governor, discouraged crypto’s use in the UK’s finance system. He announced earlier that although cryptocurrencies are becoming more supported within United Kingdom’s financial system, they aren’t a significant threat. дальше »
2021-10-13 13:22 | |
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Resistance Grows to Big Bank and Cryptocurrency Critic for the OCC Chair
Cryptocurrency regulations continue to stall in the United States, with regulators and industry players seemingly unable to reach a consensus. At the same time, the Biden administration appears to be having trouble with its latest financial regulatory candidate. дальше »
2021-9-29 22:05 | |
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Bitcoin Dealt Another Blow By China’s E-Commerce Giant Alibaba
Chinese giant e-retailer Alibaba has announced it will halt selling cryptocurrency mining equipment come October 8, 2021. This is according to two notices sent out on Monday referring to laws and regulations and particularly a circular by the People’s Bank of China and other government organizations published last week that banned the transaction, mining, and […] дальше »
2021-9-29 23:05 | |
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Biggest U.S. And European Banks Oppose Basel’s New Strict Bitcoin Rules
JPMorgan, Deutsche Bank, and other world-leading banks have opposed new banking regulations that would force them to match one dollar in capital for every dollar of bitcoin they hold. Banks are traditionally required by Basel rules to assign risk weightings to different kinds of assets they own. дальше »
2021-9-26 16:29 | |
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Banking Giant HSBC Slams Cryptocurrencies, But Applauds CBDCs For This Reason
HSBC, a British multinational investment bank and a financial services firm, has scrutinized cryptocurrencies and stablecoins, claiming the lack of regulations in the space pose threats to investors. дальше »
2021-9-25 23:14 | |
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Former RBI Regulatory Chief Advocates for Crypto Regulations in India
India’s relationship with cryptocurrencies has continued to be murky at best. The situation is made markedly worse by regulators, who have made a habit of being coy on the subject. However, one former policymaker has called on the Reserve Bank of India to adopt crypto and go deeper into the digital currency age. дальше »
2021-9-9 22:02 | |
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Head of Brazil’s Central Bank Calls for Crypto Regulations Amid Growing Adoption
The President of the Banco Central do Brasil (BCB) also known as the Central Bank of Brazil has stated that it is important to have robust cryptocurrency regulatory policies in place, to address the increased interest in the nascent technology. дальше »
2021-8-22 23:00 | |
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Brazil Needs to ‘Pay Attention’ to Crypto and ‘Reshape the World of Regulation’ says Central Bank President
Roberto Campos Neto, the president of Brazil’s central bank, said local regulations need to pay attention to the investors' need for cryptocurrencies. According to him, they are here to stay alongside instant payment solutions. дальше »
2021-8-20 18:45 | |
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BCB President calls for better crypto regulations as investor interest surges
Roberto Campos Neto, President of the Central Bank of Brazil (BCB), has called for constructive crypto regulations that consider investors’ need for digital assets. A report unveiled this news on August 19, citing Neto’s speech during a Council of Americas-organized event. дальше »
2021-8-21 18:09 | |
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Regulations Need to Facilitate Crypto Demand, Says Brazilian Central Bank President
Central Bank of Brazil President Roberto Campos Neto believes local regulations should facilitate investors’ demand for cryptocurrencies. The post Regulations Need to Facilitate Crypto Demand, Says Brazilian Central Bank President appeared first on BeInCrypto. дальше »
2021-8-21 16:30 | |
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El Salvador’s Central Bank Releases Draft Regulations for Bitcoin (BTC) Services
Banco Central de Reserva (BCR), the central bank of El Salvador, has published draft regulations for banks and other financial institutions looking to offer bitcoin-related services. Draft Regulations for Bitcoin Digital Wallet Services The BCR released the document titled “Guidelines for the Authorization of the Operation of the Digital Wallet Platforms for Bitcoin and Dollars”Read More дальше »
2021-8-19 17:00 | |
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South Korea: Foreign Exchanges Limit Transactions Following Strict Crypto Regulations
Regulators around the world are cautious about the rise of cryptocurrencies. South Korean authorities are not an exception. The Governor of Bank of Korea, Lee Ju-Yeol, stated that Bitcoin “has no intrinsic value. дальше »
2021-8-19 04:00 | |
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Australia's ASIC wary of investments in 'crypto-related products, services'
Regulations across Australia's cryptocurrency space are still nascent. In fact, right now, the Reserve Bank of Australia (RBA) has no plans to release a central bank digital currency (CBDC) for generaThe post Australia's ASIC wary of investments in 'crypto-related products, services' appeared first on AMBCrypto. дальше »
2021-8-18 16:00 | |
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TomiEx: CBDC’s would eventually lose competition to global stablecoins
Central bank digital currencies, or CBDC’s, are unlikely to significantly solve the problem of facilitating international cross-border online services, unless central banks put heavy regulations on global stablecoins like Diem. дальше »
2021-8-10 19:43 | |
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Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors
Switzerland bank UBS said in its latest note to investors that the increased crackdown on the crypto market by China makes investing in Bitcoin and other crypto-assets “unsuitable.” UBS says stiffer regulations are coming According to the note, the latest crackdown on digital assets by the Asian country has affected the value of the coins […] The post Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors appeared first on CryptoSlate. дальше »
2021-7-6 19:00 | |
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Community reacts as Mark Cuban calls for regulations after getting ‘rugged’ on TITAN
Dallas Mavericks owner, Mark Cuban, who became known as a decentralized finance (DeFi) enthusiast and a high tier investor, told Bloomberg he was lazy and failed to do his own due diligence, causing him to lose money in a recent bank run. дальше »
2021-6-19 01:00 | |
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Major Crypto Exchanges Looking to Enter the Indian Market
Kraken, KuCoin, and Bitfinex are reportedly working towards establishing a business presence in India’s crypto market. The move is despite the lack of clarity in the country’s approach to virtual currency regulations and the central bank’s continued criticism of the industry. дальше »
2021-6-11 15:00 | |
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Bank of England Proposes Regulation of Stablecoin Use As Payment Means
The Bank of England (BoE) stated that stablecoin payments should receive the same regulations as bank payments, if the former gains widespread adoption. BoE Says Stablecoin Regulatory Framework Necessary in the UK According to Reuters on Monday (June 7, 2021), the BoE in a Discussion Paper, said that it was important to establish regulatory policiesRead More дальше »
2021-6-8 13:00 | |
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India: RBI Instructs Banks to Provide Uninterrupted Crypto Trading Services to Customers
India’s central bank clears ambiguity over crypto regulations in the country. Banks Can’t Advise Against Trading in Crypto In a tweet posted today, the Reserve Bank of India (RBI) cleared clouds of confusion regarding the regulatory nature of cryptocurrencies in India. дальше »
2021-6-1 21:00 | |
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Indian central bank clarifies regulations as local banks shun crypto
Banks like HDFC and the State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular. дальше »
2021-6-1 17:54 | |
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P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions
After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets or on peer-to-peer trading platforms. дальше »
2021-4-18 16:30 | |
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Sri Lanka’s central bank warns public against risks of crypto investment
The central bank listed four chief concerns, including the lack of legal recourse in the event of investor disputes and possible violations of foreign exchange regulations when purchasing crypto from abroad. дальше »
2021-4-9 12:26 | |
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Bank of International Settlements Chief Says Cryptocurrencies Being Used to Evade Laws- Advocates for More Regulation
Agustin Carstens, the general manager at the Bank of International Settlements (BIS), has claimed that cryptocurrencies are “used to evade laws and should therefore face more regulation.” Carstens, who has attacked bitcoin in the past, suggests that many crypto assets are “used to do some arbitrage, or to circumvent some regulations.” Carstens Repeats the Same […] дальше »
2021-3-27 15:15 | |
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BIS’s Agustin Carstens Suggests Further Regulations For Cryptocurrencies
Massive acquisition of cryptocurrencies by large firms has been in vogue in recent days, thus yielding an impressive rally in the price of cryptocurrencies. However, the general manager of the Bank of International Settlements, Agustin Carstens still thinks virtual currencies functionality calls for more regulation. дальше »
2021-3-26 22:56 | |
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Bank of Thailand Set to Regulate Stablecoins, Says Bank Official
The Bank of Thailand (BOT) is set to draft regulations on stablecoins by the end of 2021. This comes following growing criticism from financial regulations regarding unlicensed stablecoins issued by private companies. дальше »
2021-3-21 18:31 | |
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Thailand's central bank planning to regulate stablecoins this year
The growth of cryptocurrencies over the past couple of years has pushed many countries towards stricter regulations, while some have moved to ban the asset class altogether. Thailand is one of the forThe post Thailand's central bank planning to regulate stablecoins this year appeared first on AMBCrypto. дальше »
2021-3-19 18:30 | |
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Ireland’s Apex Bank Extends AML Guidelines to Cryptocurrency Sector; Stripping Ability to Trade Anonymously
There will be no more anonymous trading for cryptocurrency traders in Ireland as the country ushers in new regulations that would change the crypto landscape. Cryptocurrency firms now have to register with the central bank and institute anti-money laundering (AML) guidelines or close shop. дальше »
2021-3-18 17:24 | |
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Korean Banks are Unsure About Cryptocurrency Partnerships
Korean banks are conflicted on whether to extend alliances with local cryptocurrency exchanges amid the strict financial regulations. Financial Information Act Implementation For the time being, three Korean commercial lenders – Shinhan, NongHyup, and K bank – have formed partnerships with major crypto exchanges. дальше »
2021-3-14 22:00 | |
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European Central Bank (ECB) Demands Power to Shut Down Private Stablecoins, Like Diem, in the EU
The European Central Bank finally tables its official opinion regarding crypto regulations to the top decision-making again, European Commission. In their official opinion, the ECB now wants the EU members of parliament to grant its veto powers regarding the legal status of stablecoins such as Facebook-supported-Diem. дальше »
2021-2-23 21:11 | |
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Nigeria's SEC suspends planned crypto regulations amid central bank ban
Nigeria’s securities regulator has backed the central bank’s crypto ban by suspending its planned regulatory framework for digital assets. дальше »
2021-2-13 13:01 | |
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Philippines: Central Bank Introduces New Crypto Regulations Aimed at Preventing Money Laundering
Philippines central bank, Bangko Sentral ng Pilipinas (BSP) has made key changes to its regulations guiding crypto assets. The changes according to the bank are aimed towards preventing the use of cryptocurrencies in money laundering schemes. дальше »
2021-1-28 16:00 | |
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Philippines’ central bank tightens crypto regulations to combat money laundering
Bangko Sentral ng Pilipinas (BSP), the top financial regulator in the Philippines, has tightened crypto rules to help prevent money laundering in the country. A report unveiled this news on January 26, noting that the central bank now mandates that all crypto transactions adhere to its regulations on financial service providers. дальше »
2021-1-27 17:15 | |
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Kyrgyzstan: Central Bank Publishes Draft Crypto Laws, Calls for Public Comments
Kyrgyzstan’s central bank has issued draft crypto regulations that will create a legal framework for the country’s crypto industry. The move forms the latest effort by the government to leverage the growing virtual currency adoption in the country while providing adequate investor protection. дальше »
2021-1-7 20:00 | |
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FinCEN Intends to Amend the FBAR Rules Regarding Foreign Accounts Holding Cryptocurrencies
The Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of the Treasury shared its intent to amend the FBAR for cryptocurrencies. The official document “Report of Foreign Bank and Financial Accounts (FBAR) Filing Requirement for Virtual Currency” notes that currently, FBAR regulations do not define a foreign account holding virtual currency […] The post FinCEN Intends to Amend the FBAR Rules Regarding Foreign Accounts Holding Cryptocurrencies first appeared on BitcoinExchangeGuide. дальше »
2021-1-3 19:13 | |
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