Tag: regulators

Aug 01 2022

Jul 15 2022

How Will Bitcoiners Regulate The Regulators?

Jul 15 2022 Published at Bitcoin Magazine under tags  bill congress legal opinion regulation

Bitcoiners who are optimistic about Senate cryptocurrency legislation should remain skeptical of the legislators who want to regulate the industry.This is an opinion editorial by Niklas Kleinworth, a research assistant at the Idaho Freedom Foundation, which is a public policy think tank.As Congress seeks to refine the federal government’s stance on cryptocurrency, one must be wary of...

Jun 02 2022

Winklevoss-Owned Bitcoin Exchange Gemini Being Sued By Regulators

Jun 02 2022 Published at Bitcoin Magazine under tags  bitcoin business cftc gemini news

Gemini, a cryptocurrency exchange, is being sued by the CFTC on allegations of false statements made to obtain certification for bitcoin futures contracts.Gemini, the Winklevoss-owned cryptocurrency exchange based in New York, is being sued by the CFTC.The lawsuit alleges that Gemini misled the regulator in conversations concerning the launch of bitcoin futures contracts. Gemini looks...

Apr 21 2022

Australian Financial Watchdog Unveils Crypto Regulatory Approach With 2025 Timeline

Australia has released its initial roadmap geared towards regulations the booming crypto industry within its jurisdiction.

Apr 13 2022

Mar 01 2022

Why Regulation Can And Should Still Apply To Bitcoin

As Bitcoin becomes increasingly prominent around the world, nations will seek to apply regulations in order to clarify the legal usage of bitcoin.Two weeks ago, Ukraine adopted a new law on virtual assets. It is a fundamental law, and it establishes the principles of how the crypto market will be regulated. The law does not contain any...

Dec 30 2021

The IMF: Global Regulation, Licensing For Bitcoin, And Capital Requirements

A recent blog post from the International Monetary Fund appears to show their distaste for cryptocurrencies and lack of education in this sector.The International Monetary Fund stated in their blog that “financial stability risks could soon become systemic in some countries.” In this...

Nov 23 2021

US Regulators To Clarify How Banks Can Engage With Bitcoin In 2022

Nov 23 2021 Published at Bitcoin Magazine under tags  banks bitcoin markets regulators us

The Fed, FDIC, and OCC plan to share detailed guidelines for US banks interested in engaging with Bitcoin in the coming year.US banks will be armed with greater regulatory clarity on how they can engage with Bitcoin and cryptocurrency.The Fed, FDIC, and OCC plan to publish guidelines for financial institutions seeking to offer services in the asset class.The team of...

Oct 26 2021

FDIC Chairman: US Regulators Exploring How Banks Could Hold Bitcoin

Oct 26 2021 Published at Bitcoin Magazine under tags  banks bitcoin business fdic regulators

Banks' BTC holdings could be used for client trading, as collateral for loans, or held as assets in their balance sheets.U.S. regulators are exploring ways for traditional banks to hold bitcoin.Banks' BTC holdings could be used for client trading, as collateral for loans, or held as assets in their balance sheets."I think that we need to allow banks in this...

Sep 23 2021

Binance Teamed Up With US Law Enforcement, Took Down Suspected Money Launderers

The story Binance is trying to sell sure is juicy. A little too convenient, considering the year the company’s had, but hey… Binance is be facing criminal investigations in the US, the UK, and Japan among others. This time, however, they proved that they want to “be the industry leader” and not just the world’s biggest crypto exchange....

Sep 20 2021

Crypto Regulation: 3 Things You Need to Know

September 20, 2021 / Unchained Daily / Laura Shin Daily Bits...

Aug 23 2021

Gary Gensler Says Bitcoin Is Real

Aug 23 2021 Published at Bitcoin Magazine under tags  culture gary gensler regulators sec

New SEC Chair declares 'Nakamoto Invention Is Real' while warning exchanges about trading digital asset securities.Gary Gensler, the new Securities and Exchange Commission (SEC) Chair, validated the invention and legacy of bitcoin in his first speech on the subject on August 3. Speaking about his most recent time as Massachusetts Institute of Technology...

May 28 2021

Regulators Cannot Actually Ban Bitcoin

There are various aspects of the technology that make an outright ban on bitcoin unfeasible.“You’d have to shut down the internet.” Hester Peirce, Commissioner to the U.S. Securities and Exchange Commission (SEC) on implementing a Bitcoin ban.Although Bitcoin’s market capitalization has...

Jan 26 2021

Ex-Goldman CEO Blankfein Says Governments Would Likely Try to Shut Down Bitcoin if It Becomes Too Successful

Blankfein misrepresented bitcoin's traceability and falsely claimed users are blind to their counter-parties.

Nov 19 2020

A Crypto Ally as Top US Bank Regulator?

President Trump has nominated former Coinbase counsel Brian Brooks to a full five-year term as Comptroller of the Currency, but will he be confirmed in time?

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