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Search Results for: cryptocurrency regulation

Hong Kong Struggles To Attract Major Banks to Cryptocurrency Industry

In spite of Hong Kong’s efforts to become Asia’s cryptocurrency capital, major financial institutions remain hesitant to join the trend. According to the most recent FT article, Hong Kong’s banking regulator has been putting pressure on major banks. These include Standard Chartered and HSBC for working with cryptocurrency exchanges. The

June 15, 2023 2 mins read

SEC Delays Response to Coinbase’s Petition for Clear Crypto Regulations

The Securities and Exchange Commission (SEC), the top financial regulator in the United States, responded to Coinbase’s writ of mandamus on Tuesday. It would seem that the commission is not in the mood to issue sensible new rules. According to the court document, the U.S. SEC said it had not

June 14, 2023 2 mins read

Bitstamp Becomes Authorized Cryptocurrency Exchange in the UK

Bitstamp, a cryptocurrency exchange with a presence in the United Kingdom, is now one of the businesses authorized by the Financial Conduct Authority there. Approximately six months after the FCA added Hidden Road Partners and MoonPay in December 2022, on June 13, Bitstamp U.K. Limited and Interactive Brokers Limited is

June 14, 2023 2 mins read

Revolutionizing Crypto: Coinbase CEO’s Vision for Inclusive Regulation

Brian Armstrong, CEO of Coinbase, is proposing a radical vision for the future of cryptocurrency regulation. His dream regulatory structure pivots around enhanced market clarity, stricter protections, and an inclusive framework for emerging crypto elements like stablecoins. Full WSJ interview on YouTubehttps://t.co/yIF3dGI7oN — Brian Armstrong 🛡️ (@brian_armstrong) June 10, 2023

June 11, 2023 2 mins read

CFTC Proposes Regulations To Counter Negative Impact of Crypto and AI

The Commodity Futures Trading Commission (CFTC) has proposed new regulations for risk management to account for the potential impact of “evolving technologies” like cryptocurrency and AI. Commissioner Goldsmith Romero stated on Thursday that as a result of the emergence of distributed ledger networks, various sectors have started adopting or exploring

June 2, 2023 2 mins read

Ripple Aims to Resolve SEC Lawsuit by June, Shaping Crypto Regulations

Blockchain-based payment protocol Ripple has recently announced its intentions to seek a resolution for the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC) by June. This legal battle between Ripple and the SEC has garnered significant attention within the cryptocurrency community, as its outcome could have far-reaching implications

June 1, 2023 2 mins read

Russia Opts for Crypto Regulations Over National Crypto Exchange Setup

Russia has spent a lot of time developing its cryptocurrency policy at home. Russian Finance Minister Anton Siluanov mentioned a new payment system earlier in April. The new payment mechanism will include cryptocurrency. Izvestiya, a Russian news outlet, reports that the government has abandoned plans to launch a cryptocurrency exchange.

May 30, 2023 1 min read

Bali’s Crackdown on Cryptocurrency Usage by Visitors Puts Tourism at Risk

In an effort to regulate financial transactions within its popular tourist destination, Bali, the Indonesian local government is taking strict measures against the use of cryptocurrencies by visitors. Governor Wayan Koster of Bali conveyed this message to local media on May 28. Wayan Koster, Governor of Bali, stated: “Foreign tourists

May 29, 2023 2 mins read

U.S. Presidential Candidates’ Views on Cryptocurrency: Exploring the Crypto Future

In the ever-evolving world of digital finance, cryptocurrency has emerged as a topic of significant interest for the next generation of U.S. presidential candidates. These political figures’ attitudes and policy suggestions are instrumental in shaping the future of this dynamic industry. Donald Trump: A Shift Toward Digital Assets Former President

May 27, 2023 3 mins read

TRON’s Justin Sun Appreciates HK SFC’s Crypto Regulation

TRON Foundation founder Justin Sun has appreciated the Hong Kong Securities and Futures Commission’s (HK SFC) cryptocurrency regulation in one of his recent tweets. Sun appreciated that the HK SFC is balancing risk mitigation with freedom for innovation. He also added that these changes resonate with all of the community

May 24, 2023 2 mins read