In an interview with Reuters, U.S. Treasury Secretary Janet Yellen spoke about her views on cryptocurrencies, stating that she did not believe that they posed a systemic risk to the financial system. She went on to say that she believed that there was a need for a regulatory framework to protect consumers and prevent money …
U.S. Treasury Secretary sets the record straight on crypto Read More »
According to a recent consultation paper, the United Kingdom’s His Majesty’s Treasury intends to implement stringent rules for crypto assets. This comes after the failure of the cryptocurrency exchange FTX in 2022, which resulted in millions of individuals incurring losses of billions of dollars. What the crypto regulations entail The United Kingdom, on the 31st …
Britain’s first crypto rules will establish rigorous benchmarks Read More »
According to a report from The Sydney Morning Herald, Australia Minister of Financial Services, Stephen Jones, has stated that there are valid reasons for classifying certain cryptos as financial products under the law. This comes as the federal government plans to introduce a bill to regulate the cryptocurrency industry later this year. Jones predicts that cryptocurrency …
Australia Finance Minister wants crypto regulated as a financial product Read More »
Nepal is showing no mercy regarding crypto-trading and has taken a hardline stance against it. The country’s telecom regulator has ordered ISPs to shut out all crypto-related websites. The Nepal Telecommunication Authority has issued a stern warning to any individual or business who dares to defy its order by providing access to cryptocurrency websites, apps, …
Nepal orders ISPs to block crypto-related websites and apps Read More »
As the crypto industry continues to expand despite sporadic hiccups, not everyone is on board with the emerging asset class. Governor of India’s central bank, Shaktikanta Das, has forecast that “private cryptocurrencies” will cause the next financial crisis. In addition, when addressing the Business Standard BFSI Insight Summit on Wednesday, Das demanded that these cryptocurrencies …
India Central Bank Governor’s bold prediction on crypto’s impact on the nation Read More »
Change is the only constant thing in the universe; if people do not change with change, they will perish. It is a universal law. The traditional way of finance is changing and in the modern day, crypto is leading the race. Many institutions have shared guidelines regarding using this new financial system to protect users. …
New York Financial Regulators share guidance to banks regarding crypto Read More »
There is a new crypto dawn In Brazil. The collapse of one of the world’s largest crypto exchanges earlier this month has prompted the current events. Brazil’s lower house of Congress late Tuesday approved a bill that aims to boost oversight of the country’s cryptocurrency sector. The measure, proposed by Senator Flavio Arns, is regarded …
Brazil’s Chamber of Deputies approves crypto law Read More »
The collapse of the FTX empire will go down in crypto history as one of the worst crypto investments. Investors have begun pointing fingers, and it’s getting uglier. On that same note, Mark Cuban is not happy, and he has made it known. The legendary entrepreneur and TV personality has found who to blame for …
Shark tank’s Mark Cuban backs Kevin O’leary’s past views on FTX investment Read More »
Paraguay is set to unveil a framework that will regulate the usage and trade of crypto across the country. According to a recent update, the Senate finally passed the bill some days ago to set the ball in motion. In the statement, the said regulatory framework will enable firms and traders in Paraguay to get …
Paraguay set to unveil its crypto regulatory framework Read More »
US is close to finalizing the details of the crypto regulations as the US treasury has submitted the draft to President Biden. While SEC is the main watchdog regarding securities, finance, and investments, its responsibilities will increase. He said that their main focus would be the well-being of the investors. Along with that, it will …
SEC chairman Gary Gensler outlines details of crypto regulation Read More »
