News by results: regulations

US Federal Reserve, FDIC warn banks against crypto risks

Federal agencies are taking a "careful and cautious" approach to prevent any spillage of crypto-related risks into the banking sector.

US lawmakers express concern over crypto firms hiring former government officials

The lawmakers said Americans need to be sure that government policies were not being created to "cater to the crypto industry’s desire to 'avoid the sort of regulatory crackdown it has faced in China and elsewhere.'"

Former SEC Chair Jay Clayton Says Crypto Regulation Must Start With Stablecoins

The former head of the U.S. Securities and Exchange Commission (SEC) says the best place to start regulating crypto is the stablecoin sector.

Ripple Bags Crucial Win In SEC Case; XRP Soars 15% After The Decision

Ripple chief executive officer, Brad Garlinghouse, stated in July that the crypto company will relocate if it loses its legal dispute with the U.S. Securities and Exchange Commission.

Australia Issues White Paper for Central Bank Digital Currency

Reserve Bank of Australia is researching the potential benefits of launching a central bank digital currency. The monetary authority released a white paper outlining its goals and invited interested parties to participate with proposals and suggest pilot projects.

ECB should have DLT wholesale settlements when the market wants it, official says

Executive board member Fabio Panetta says it would undermine financial stability if the ECB were unprepared to use distributed ledge technology, but that’s the best he can say for it.

Crypto Payments May Not Help Russia Bypass Sanctions, Experts Say

Russia is preparing to authorize international crypto payments but people involved in the industry doubt this would allow the country to circumvent sanctions. At the same time, the United States has been tightening the noose, recently targeting the use of cryptocurrencies to dodge the financial restrictions imposed by the West with new legislation in Congress.

Australian Senate To Discuss New Crypto Regulation Bill

Use cases for crypto and digital assets have been on a steady rise for the past couple of years, and the growth in terms of adoption of these technologies has prompted governments across to globe to maintain a semblance of control and regulatory oversight over its development.

Cryptocurrency Is Virtual Property That Is Protected by Law, Chinese Court Rules

A Chinese intermediate court based in Beijing recently upheld a lower court’s ruling which determined that cryptocurrency is a virtual property protected by the law. The court clarified that regulations issued by the Bank of China and others only prohibit the circulation of virtual currency.

US Senators Press Meta CEO Mark Zuckerberg on Crypto Scam Policies for Facebook, Instagram, Whatsapp

Six U.S. senators have demanded answers from Meta CEO Mark Zuckerberg about how his company is handling cryptocurrency scams on its social media platforms, including Facebook, Instagram, and Whatsapp. “We are concerned that Meta provides a breeding ground for cryptocurrency fraud that causes significant harm to consumers,” the lawmakers wrote.

Thai SEC files police report on Zipmex, alleging ‘incomplete’ info for compliance procedures

The Cyber Crime Investigation Bureau in Thailand will now consider whether to pursue legal action against Zipmex following the SEC's allegations.

UK Elects Crypto-Friendly Prime Minister Who Said Country Should Embrace Blockchain and Digital Assets

The United Kingdom has elected a new prime minister whose past comments suggest that she is pro-crypto and blockchain technology.

Increasing Crypto Crimes Forced Australia To Set Up Dedicated Police Unit

Crypto crimes have become a primary concern since digital assets grew up in recent years. Seeing the current market volatility and risks involved in cryptocurrencies, U.S. Fed has adopted a hawkish approach to fighting market inflation. On the other hand, Australia is attempting to deal with the issue by setting up a crypto-focused police unit.

US Lawmaker Says 'Too Much Money and Power' Behind Crypto to Ban It

U.S. Representative Brad Sherman says Congress has not banned crypto because “there’s too much money and power behind it.” He elaborated: “Money for lobbying and money for campaign contributions works, or people wouldn’t do it, and that’s why we haven’t banned crypto.”

Thailand Tightens Rules On Cryptocurrency Advertisement

The Securities and Exchange Commission (SEC) of Thailand has announced the strengthening of rules surrounding cryptocurrency companies in an effort to protect retail investors in the wake of the massive selloff in the digital asset market.

News From El Salvador, Late August: Preparing for Bitcoin Day’s 1st Anniversary

It’s hard to believe Bitcoin Day was only a year ago. Let’s go back to El Salvador in anticipation of that faithful day’s celebrations, you’ll find that the country is booming with activity. This compilation of news has it all; from tourism to mining, from conferences to meetups. For a while there, the war with the gangs monopolized El Salvador-related headlines, but with Bitcoin Day’s anniversary on the horizon, it’s time to go back to basics.

China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses

Authorities in two Chinese cities are promoting the digital yuan as a payment method in the public transportation system. Commuters on the subway of Ningbo and those taking the bus in Guangzhou will be able to purchase their tickets using the state-issued digital currency.

9,404 Crypto Mining Devices Seized by Iranian Authorities Since March

Iranian authorities have seized nearly 10,000 illegal cryptocurrency mining devices since March. According to reports, many of the seized crypto mining rigs were operating in public locations that receive free or heavily-subsidized electricity, such as schools and mosques.

Iran makes first import order using cryptocurrency, Tasnim reports

DUBAI, Aug 9 (Reuters) - Iran made its first official import order using cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday, a move that could enable the Islamic Republic to circumvent U.S. sanctions that have crippled the economy.

Nayib Bukele Attributes Tourism Recovery in El Salvador to Bitcoin, Surf, and Crime Reduction

Nayib Bukele, the president of El Salvador, declared that the speedy recovery of tourism in the country had to do with three elements, including surfing, bitcoin, and overall crime reduction. El Salvador was one of the 15 countries that managed to take their tourism incomes to pre-pandemic numbers according to data from the World Tourism Organization.