Tag: policy & regulation

Jan 22 2021

Money Reimagined: Letter to President Biden

President Biden needs to reform the global financial system and avoid a 1930s-style depression. Digital currencies can help.

At Least One Key Huobi Executive Is In Custody in China: Sources

Jan 22 2021 Published at CoinDesk under tags  china exchanges global huobi otc

The Chinese police appear to have intensified their crackdown on crypto exchanges’ OTC trading services in the last year.

BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

Jan 22 2021 Published at CoinDesk under tags  bis cbdcs central banks coinflash news

The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.

Class Action Filed Against Listed Bitcoin Miner Bit Digital Over Fraud Allegations

Defendants allege the mining company made false and/or misleading statements and failed to disclose the true extent of its mining operations.

30 Charged in Japan With Trading $96M-Worth of Crypto Stolen in Coincheck Hack

Jan 22 2021 Published at CoinDesk under tags  coincheck crime japan nem news

The around 30 individuals are suspected to have traded cryptocurrency stolen during the $560 million exchange hack in 2018.

Digital Asset Manager Komainu to Provide Custody of Crypto Seized by UK Police

Jan 22 2021 Published at CoinDesk under tags  business crime custody komainu news

Komainu will be responsible for providing police across the U.K. with a more "robust" means to store cryptocurrencies.

SEC Calls Out Suspicious Crypto Companies Targeting Global Traders

Jan 22 2021 Published at CoinDesk under tags  crypto fraud news policy & regulation sec

The securities regulator added eight suspect crypto entities to its watchlist Thursday.

Jan 21 2021

Japan Rallies Behind XRP as Ripple Faces US Litigation

Unlike the U.S., Japan considers XRP to be a cryptocurrency, not a security.

Janet Yellen Offers US Senate a More Nuanced Take on Crypto

“I think we need to look closely at how to encourage their use for legitimate activities while curtailing their use for malign and illegal activities,” Janet Yellen wrote.

Chris Brummer Said to Be Biden’s CFTC Chair, Crypto-Friendly Tarbert Steps Down

Georgetown Law professor and former CFTC Commissioner nominee Chris Brummer is reportedly Joe Biden's leading candidate to succeed Heath Tarbert, who announced his resignation Thursday.

Chinese City Plans Third Digital Yuan Pilot, Giving Away $3M in Prize Draw

Lottery entrants can apply to win 200 digital yuan each.

Russian Court Takes Crypto Exchange Binance off Website Blacklist

A court in the Arkhangelsk region had ruled last summer that the site should be blocked, but Binance wasn't notified until months later.

Nebraska Lawmaker Introduces Bills That Would Permit Banks to Custody Crypto

Jan 21 2021 Published at CoinDesk under tags  coinflash custody legislation nebraska news

Senator Mike Flood hopes to pass the bill in order to make Nebraska a financial technology hub and create new jobs.

Former Ripple Board Member Tapped to Lead Biden’s OCC: WSJ

Jan 21 2021 Published at CoinDesk under tags  michael barr news occ policy & regulation ripple

The Wall Street Journal is reporting former Treasury official Michael Barr will replace Brian Brooks as Comptroller of the Currency.

Proposed Crypto Wallet Rule Among Those Frozen by Biden Pending Review

Jan 21 2021 Published at CoinDesk under tags  markets news policy & regulation treasury wallet

Crypto advocates, fiercely opposed both the proposed rule and the initial attempt by the previous administration to rush it through.

Jan 20 2021

The Relationship Between US Government Debt and Bitcoin, Explained

Bitcoiners are looking for persistent USD inflation to validate their favorite asset. That’s unlikely to happen soon, economists say, but low interest rates are still a boon for BTC.

Dear Crypto Derivatives Industry, Let’s Not Repeat 2008

Jan 20 2021 Published at CoinDesk under tags  derivatives opinion policy & regulation

As the crypto derivatives industry begins to take off, it needs to avoid the lack of transparency that plagued the industry in the 2000s, when the financial system collapsed.

European Commission, ECB Unite to Consider Potential Pitfalls of the Digital Euro

The digital euro project may get underway in mid-2021 after a period of reviewing any "policy, legal and technical questions" by the two institutions.

Trustee of Collapsed Exchange Moves to Resolve Crypto vs. Fiat Creditor Claims Tussle

Bankruptcy trustee EY is trying to resolve a dispute over how to value cryptocurrencies recovered from QuadrigaCX.

Jan 19 2021

Bitfinex Says It’s Nearly Done Turning Over Documents to NYAG

The document production process has already stretched over a year.

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