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PortuguêsAccording to the IMF’s executive board, the use of Bitcoin as legal tender carried “large risks” related to financial stability, financial integrity and consumer protection. Members of the executive board…
Continue ReadingThe central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed…
Continue ReadingAuthorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interested…
Continue ReadingMyanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders…
Continue Reading“This would end the potential corruption of lawmakers pursuing policy outcomes that benefit their portfolios,” said 27 members of the U.S. House of Representatives in a letter calling for a…
Continue ReadingThe U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monetary penalties against digital…
Continue ReadingPavel Durov, founder of the messaging app Telegram, has criticized Bank of Russia’s proposal to impose a blanket ban on a range of crypto-related activities. Such move would stifle high-tech…
Continue ReadingThe Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The…
Continue ReadingRussia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed…
Continue ReadingThe Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to…
Continue ReadingIn the absence of clear federal policy around bitcoin, state agencies will continue to coordinate their regulatory actions around users. Regulators continue to debate how to define cryptocurrencies, such as…
Continue ReadingIndonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points…
Continue ReadingThe government official added that he thought Bulgaria was unlikely to become a major hub for crypto miners, many of whom many are reportedly considering leaving Kazakhstan. Assen Vassilev, Bulgaria’s…
Continue ReadingThe Bitcoin economy is enabling more people to choose their own adventures around the world and optimize their lifestyles. It’s the rise in Bitcoin nomadism. The appeal of Bitcoin nomadism…
Continue ReadingThe central bank of Laos has issued licenses to two cryptocurrency trading platforms. Lao Digital Assets Exchange (LDX) and Bitqik are now the only two licensed entities that can offer…
Continue ReadingTrue to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining.…
Continue ReadingIndian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming…
Continue Reading“The Federal Reserve would only pursue a CBDC in the context of broad public and cross-governmental support,” said the recently published paper. The U.S. Federal Reserve is opening comments to…
Continue ReadingRegulatory uncertainty and tighter monetary policies continue to weigh on BTC price, but data shows bulls are attempting to provoke a reversal. Bitcoin (BTC) investors seem uncomfortable with adding positions…
Continue ReadingThe commission rejected a rule change allowing listing and trading shares of the First Trust SkyBridge Bitcoin ETF Trust, citing similar reasons for disapproving Bitcoin spot ETFs from VanEck in…
Continue ReadingThe U.S. Securities and Exchange Commission (SEC) is focusing on bringing cryptocurrency exchanges “inside the investor protection remit,” Chairman Gary Gensler has revealed. “If the trading platforms don’t come into…
Continue Reading“If policymakers take a cautious approach and foster a pro-innovation environment, the rewards for consumers, investors and all Americans are likely to be great,” said Jordan Ramis shareholder Gregory Zerzan.…
Continue ReadingChangpeng Zhao said that the majority of crypto demand and user adoption come from word-of-mouth marketing. Binance CEO Changpeng Zhao, also known as “CZ,” claimed that the growing restrictions on…
Continue ReadingThe Salvadoran government is looking to create a Bitcoin-backed loan product for micro and small businesses across the country. It’s full steam ahead for El Salvador’s Bitcoinization. The next point…
Continue ReadingThe Pakistan Telecommunication Authority has been requested to ban more than 1,600 crypto websites by the Federal Investigation Agency (FIA). The action followed a complete crypto ban recommendation by the…
Continue ReadingChina’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion…
Continue Reading“This open call for comment is the only way to appropriately crowd source this issue and appropriately develop a digital asset regulation Genesis Block,” said J.W. Verret. Associate law professor…
Continue ReadingCryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). “To comply with the sudden announcement, we have ceased…
Continue ReadingTurkey’s governing political party has discussed the upcoming crypto regulation in its first metaverse meeting. Ak Party, Turkey’s governing party, held its first metaverse meeting on Monday wherein it discussed…
Continue ReadingA regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes as authorities in Moscow prepare…
Continue ReadingAnatoly Aksakov, head of the Financial Market Committee at the Russian parliament, has reiterated a warning for cryptocurrency investors and insisted that Russians owning coins should declare their digital assets.…
Continue ReadingThe U.K. government has announced plans to impose new rules on cryptocurrency ads to ensure they are fair, clear, and not misleading to consumers. The rules will be enforced by…
Continue ReadingThe surge in “crypto lawyers” attempting to enter the ecosystem makes one wonder what they would have done to Bitcoin if they had the chance. One of the central reasons…
Continue ReadingThe growing popularity of cryptocurrency asset investments over the past few years, especially from the retail sector, could be considered a byproduct of incessant crypto advertising by emerging companies. Many…
Continue ReadingAs part of regulations that are set to become effective in mid-February, crypto-asset investment promoters will be required to inform the Spanish securities watchdog of the contents of any ad…
Continue ReadingAn Australian regulator has warned residents seeking to self-manage their retirement funds to be wary of investing in crypto-asset investments that promise high returns in a short space of time.…
Continue ReadingA major bank in Pakistan has reportedly asked its customers to avoid conducting cryptocurrency transactions. Bank Alfalah’s action came shortly after the State Bank of Pakistan, the country’s central bank,…
Continue ReadingIndia’s prime minister, Narendra Modi, has called on governments worldwide to collaborate on cryptocurrency. He pointed out that “The kind of technology that is associated with it, the decisions taken…
Continue ReadingSingapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public. The central bank emphasized that “the trading of cryptocurrencies is highly risky and not suitable for…
Continue ReadingAmong the panel of experts that met with President Arif Alvi was Bitcoin Association founding president and Bitcoin SV advocate Jimmy Nguyen. Arif Alvi, currently serving as the president of…
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