According to FCA, U.S and U.K relations on crypto regulation will strengthen. The U.S. and U.K. will regulate stablecoins and investigate CBDCs. Nikhil Rathi, CEO of the U.K. Financial Conduct Authority (FCA), spoke about the FCA’s regulatory objectives on Wednesday at the Peterson Institute for International Economics. The CEO of
Brazil has taken steps to officially develop an investing agency. Agents will undergo special training for dealing with crypto scams. The Brazilian government has announced the creation of a new investigation team that will specifically function only for crypto-related scams and cases. The crew will undergo certain training focusing on
Gary Gensler, the 33rd Chair of the US Exchanges and Securities Commission(SEC), has made proposals to collaborate with other government agencies like Commodity Futures Trading Commission(CFTC). This step is supposed to be taken for overseeing the regulation of digital assets. Gensler in an interview expressed his opinion that all the
Switzerland’s Finma CEO states that the crypto market needs stricter regulations. The volatile market resembles the 1928 US stock market. Swiss Financial Regulations joins the list of nations planning to implement stricter laws and restrictions on cryptocurrency and its market. The reason being stated is to protect the investors and
The US inflation crossed the planned 2% and reached a decade high of 8.9% Crypto and digital assets need regulation similar to banking and capital market ones. On June 22, Federal Chairperson Jerome H Powell presented the Semiannual Monetary Policy Report to Congress. The policy report had statements regarding the
