Freezing Russian Reserve Assets Marks End of Monetary Regime; Gold, Bitcoin to Rise – Arthur Hayes
The world’s current monetary regime effectively ended with the freezing of Russian foreign reserves by Western governments on February 26. In the new era, central banks will no longer save reserves in Western fiat currencies -- instead, turning to gold and bitcoin (BTC) as their preferred reserve assets, according to former BitMEX CEO Arthur Hayes.
Former Thai Central Bank Director Predicts Crypto Bubble Emerging in March
A former Bank of Thailand director has warned about an imminent crypto crash. “A cryptocurrency bubble will emerge at the end of March when liquidity in the financial market drops,” he reportedly predicted.
IMF Warns El Salvador Against Using Bitcoin as Legal Tender After 'Bitcoin City' Announcement
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds.
Italy’s Securities Regulator Shuts Down 8 Crypto Trading and Foreign Exchange Sites
Italy’s securities regulator has shut down six foreign exchange websites and two crypto investing and derivative trading sites.
Einstein Crypto Exchange Seized by Canadian Securities Regulator
Canadian securities regulators have seized control of the Einstein cryptocurrency exchange.
Ontario Regulator Lets Security Token Startup Test Secondary Trading
The Ontario Securities Commission (OSC) is allowing a tokenization startup to facilitate secondary-market trading of its tokens by giving the firm regulatory relief for a short time.
CME, Nasdaq, ICE ask UK regulator not to ban crypto derivatives for retail investors
The World Federation of Exchanges (WFE), which has over 70 members including giants such as CME Group, Nasdaq and Intercontinental Exchange (ICE), has urged the U.K.’s finance watchdog not to ban cryptocurrency derivatives for retail investors.
Facebook’s Libra Backers Fear It Could Taint Their Image Among Regulators
Visa, Mastercard, PayPal and Stripe are unsure whether they wish to become paid-up participants in Facebook’s Libra digital currency.
IBM says it’s open to working with Facebook on digital currency
IBM is open to working with Facebook on its digital currency efforts, an executive at the company told CNBC.
Facebook’s Libra seeks payment system license from Swiss regulator
The Libra Association, the non-profit organization behind Facebook-led cryptocurrency project Libra, is looking to get a payment system license from Switzerland’s financial regulator.
Facebook's Libra falls into "big gap" in EU rules -regulator
Facebook's proposed Libra cryptocurrency falls into a "big gap" in European Union financial regulation at a time when the bloc's ability to tackle money laundering is already stretched, a top EU regulator said on Thursday.
In first, Swiss regulator issues banking license to two blockchain firms
Switzerland’s Financial Market Supervisory Authority (FINMA) has issued banking and securities dealers’ licenses to two new blockchain firms - SEBA Crypto and Sygnum.
Vyacheslav Kunev: Regulators will not allow the cryptocurrency capitalisation to exceed $ 1 trillion
How is the blockchain industry developing in Moldova and why are regulators disapprove corporate private money? These and other questions were discussed in an exclusive interview for LetKnow.News with Vyacheslav Kunev, the President of the Blockchain Association of Moldova and member of the Economic Council under the President.
Federal Trade Commission reaches settlement with 4 promoters it accused of running fraudulent crypto schemes
The U.S. Federal Trade Commission (FTC), the country’s trade regulator, has settled charges it filed last year against four promoters for allegedly operating fraudulent cryptocurrency investment schemes.
Expert explained why India wants to prohibit cryptocurrencies
“Indian authorities want to ban cryptocurrencies since they consider them dangerous for the system” - told LetKnow.News Vadim Popov, an expert in the field of cryptocurrency.
Singapore’s Regulator Warns of New Scam Bitcoin Investment Scheme
Singapore's central bank and financial watchdog issued an official warning, stating that the agency has become aware of a website that invited online users to invest in Bitcoin via an article containing falsified claims.
Crypto-Focused Finance App Aximetria Wins License From Swiss Regulator
Aximetria, a firm offering a personal finance app for both fiat and cryptocurrencies, has been awarded a license from the Swiss Financial Services Standards Association (VQF).
Corporate money: why regulators are against the Libra
The US authorities have been hostile to the Facebook’s idea of launching their own cryptocurrency. For them, Libra is dangerous as it expose the state to the risk of loosing its monopoly on emitting money. And that’s a direct threat to the global reserve currency.
Korean Watchdog Warns of Financial Stability Risk From Facebook’s Libra
Facebook’s recently unveiled Libra cryptocurrency project threatens the stability of financial systems, according to a South Korean financial regulator.
French Regulators Notice Uptick In Crypto-Related Complaints
French financial regulators have observed an increase in complaints regarding cryptocurrencies this year.