Tag: regulation

Apr 10 2021

“You’d have to shut down the Internet” to ban Bitcoin, says SEC’s Hester Peirce

Apr 10 2021 Published at CryptoSlate under tags  adoption btcusd people regulation

Any of the government's efforts to ban Bitcoin would be “foolish,” said Hester Peirce (aka “Crypto Mom”), a very Bitcoin-friendly commissioner at the U.S. Securities and Exchange Commission (SEC), during a MarketWatch virtual conference earlier this week. “I think we were past that point very early on because you’d have to shut...

Apr 09 2021

HSBC reportedly bans customers from trading this Bitcoin-linked stock

Apr 09 2021 Published at CryptoSlate under tags  btcusd regulation

UK-based Hongkong and Shanghai Banking Corporation (HSBC), one of the world’s biggest banks by assets under management, has reportedly banned customers from trading the stock of business analytics firm MicroStrategy due to its links to Bitcoin, as per a leaked email circulating on social media. HSBC...

What $1.8 Billion in Q1 Revenue Means for Coinbase’s Direct Listing

Apr 09 2021 Published at Unchained Podcast under tags  2021 bitcoin blockchain coin coinbase

Larry Cermak, director of research at The Block, discusses the upcoming Coinbase direct listing in light of the exchange’s recently released Q1 revenue hitting an impressive $1.8 billion. In this episode, Larry talks about: significant takeaways from Coinbase’s Q1 results (1:04)...

Apr 08 2021

Could civil war in Ethiopia affect Cardano’s Africa plans?

Apr 08 2021 Published at CryptoSlate under tags  adausd adoption altcoins regulation

Cardano's strategy in Africa could face a setback following the intensification of civil war in Ethiopia. There's even wide speculation that Charles Hoskinson's cryptic messages about birds landing refer to closing an Ethiopian government contract. But, if "birds landing" refers to Ethiopia, is now...

Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange?

Apr 08 2021 Published at CryptoSlate under tags  edge investments regulation

A Korean crypto company had ambitious plans to launch a Bitcoin exchange- traded fund (ETF) in the crypto-frenzied...

Apr 06 2021

Fidelity, Square And Coinbase Launch Cryptocurrency Trade Group

Four institutions with significant stakes in the success of Bitcoin launched a trade group to lobby policymakers for favorable regulation.Fidelity, Square, Coinbase and investment firm Paradigm are joining together to form a new council to lobby policy makers to support the burgeoning Bitcoin and...

Nexo Comments on Move to Suspend XRP Trading

Apr 06 2021 Published at Blockonomi under tags  nexo regulation xrp

Nexo, a leading token exchange and lending platform, has commented publicly on issues surrounding the SEC lawsuit against Ripple, and its decision to suspend XRP positions in its exchange, as well as temporary credit lines, and repayments. Like many companies in the cryptocurrency space, Nexo opted to drop XRP from its product offerings in late [...] The post Nexo Comments on Move to...

Grayscale Bitcoin ETF Plans Confirmed

Reading Time: 2 minutes A Grayscale Bitcoin ETF could be on the cards after the company confirmed a commitment to converting their Bitcoin fund to an ETF Grayscale said in a blog post that a Bitcoin ETF was always the ultimate end goal for the GBTC Trust Grayscale...

Argentina’s central bank is asking citizens to disclose their Bitcoin

Apr 06 2021 Published at CryptoSlate under tags  btcusd regulation

The Central Bank of Argentina is asking local banks to scrutinize clients that hold Bitcoin and other cryptocurrencies and engage in business or trading activities using the assets, local news reports...

Apr 05 2021

Grayscale says it’s “100% committed” to morphing its Bitcoin Trust into ETF

Apr 05 2021 Published at CryptoSlate under tags  adoption btcusd ethusd investments regulation

As the race for the title of America’s first Bitcoin exchange-traded fund (ETF) rages on, digital assets investment giant Grayscale today revealed that...

Apr 04 2021

IRS gets access to crypto exchange Circle’s user data, targets Kraken next

Apr 04 2021 Published at CryptoSlate under tags  exchanges regulation taxes

Shortly after getting a court authorization to obtain records of cryptocurrency exchange Circle’s customers, the US Internal Revenue Service (IRS) is now seeking to get access to similar data from trading platform Kraken. “Those who transact with cryptocurrency must meet their tax obligations like any...

Apr 03 2021

New Bitcoin regulations are coming, warns ex-SEC chairman

Apr 03 2021 Published at CryptoSlate under tags  btcusd regulation

Former US Securities and Exchange Commission (SEC) chairman Jay Clayton has suggested that Bitcoin and other cryptocurrencies will definitely be more regulated in the future. “I expect that regulation will come in this area both directly and indirectly,” he said during an interview with...

Apr 02 2021

Why Proposed FATF Rules Could Be a Shock for DeFi

Dave Jevans, CEO of Cipher Trace, talks about what the new draft guidance from the FATF (Financial Action Task Force) means for DeFi, NFTs, and crypto in general. In this show, he breaks down: the six main areas the draft guidance covers, including the expansion of KYC regulatory standards into DeFi (1:07)...

Apr 01 2021

FCA Demands Crypto Firms File Financial Crime Reports

Reading Time: 2 minutes The FCA has more than doubled the number of companies who need to file financial crime reports every year The expansion of the REP- CRIM now includes cryptocurrency exchange providers and custodian wallet providers The move comes as part of the...

Mar 31 2021

ECB-Backed Digital Euro Could See the Light by 2025

“Let’s be realistic about it, will in my view take another four years, maybe a little more,” said Christine Lagarde.

Breaking Down Coinbase’s Ex-SEC Hire as Crypto Regulations Mount

Cryptocurrency exchange Coinbase announced today that it hired Brett Redfearn, ex-director of SEC’s trading and markets division, to run its capital markets arm. These recent regulatory...

FCA Obliges Crypto Firms to Share Financial Crime Information

The scope of the reporting obligations covers both trading platforms and custodial wallet providers.

Indian Crypto Firms Club Together to Fight Potential Ban

Reading Time: 2 minutes A group of Indian crypto companies have penned a letter to the country’s finance decision-makers with regard to crypto regulation The government’s hardline stance has been a blow to the Indian crypto industry, with an outright ban mooted The...

Judge grants XRP holders’ request for motion to intervene in SEC v. Ripple case

Mar 31 2021 Published at CryptoSlate under tags  legal regulation xrpusd

After being rejected initially, the group of XRP holders led by lawyer John Deaton has ultimately been allowed to file a motion to intervene in the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple Labs, according to a court order published yesterday. “The Court has reviewed...

Mar 30 2021

LBRY Under Fire: SEC Sues Decentralized Content Sharing Platform

Mar 30 2021 Published at Blockonomi under tags  lbry regulation sec

Months after the start of the Ripple saga, the Securities and Exchange Commission (SEC) has sued blockchain-based platform LBRY, creating fears of further risk for the cryptocurrency industry. The SEC filed a complaint against LBRY in the District Court of New Jersey on March 29th for, “failure to register an offering of securities pursuant to [...] The post LBRY Under Fire: SEC Sues...

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