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Regulation

Coinbase Wants a Whole New Regulatory Department to Handle Crypto

In a recent statement, Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – made a case for creating a whole new regulation department to oversee the processing of cryptocurrency transactions. Coinbase Has Some Big Ideas Regarding Crypto Regulation Right now, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are tasked with examining crypto activity and digital processes. However, these...

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Infinity8 Won ‘Best NFT Marketplace 2021’ Award by Crypto Expo Dubai

Infinity8 awarded Best NFT Marketplace at Crypto Expo Dubai 2021, only a few months after launching at the AmfAR gala in July. Sacha Jafri, the world’s second highest-selling living artist, shined brightly at the AmfAR gala during the Cannes film festival in the south of France. The extravagant event celebrated its 27th edition with Sharon Stone as a speaker, and Alicia Keys delivered a brilliant performance in a continuous attempt to raise funds for AIDS and Covid -19...

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Jon Cunliffe Insists the Crypto Space Must Be Regulated

The Bank of England’s new deputy governor Jon Cunliffe is telling regulators to get to work quickly when it comes to the growing cryptocurrency space. Jon Cunliffe Says Regulation Is a Must Digital currencies were ultimately created to push credit cards, fiat, and checks to the side. Basically, anything that’s issued by a bank or traditional financial institution. The world of crypto is designed to ensure that all traders and users can have the one thing that standard...

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Regulation First: Elrond Aims to Acquire an e-Money Licensed Company in Romania

Although the regulatory approval is still pending, the popular blockchain project Elrond Network has already agreed to purchase Capital Financial Services S.A – the company licensed to operate an Electronic Money Institution (EMI) in the Euro Economic Area. The press release shared with CryptoPotato explained that Capital Financial Services S.A. is a principal member of two of the largest global financial corporations – Visa and Mastercard. This allows the firm to provide...

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BTC Bull Andrew Yang Creates the “Forward Party”

Andrew Yang has announced his departure from the Democrat Party. He is now creating an entirely new political party known as the “Forward Party” and it’s going to be a major push for bitcoin and cryptocurrencies. Andrew Yang: Once Again Putting Bitcoin at the Helm Yang has often sought to make a name for himself in the worlds of politics and crypto. Many times, he has worked to place both these elements together. For example, in 2019, Yang announced a bid to run for President of the United...

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US Justice Department Now Has Its Own Crypto Division

The U.S. Justice Department is establishing a new division that will look specifically into cryptocurrency crimes such as money laundering and theft. The Justice Department Seeks to Have a Hand in Regulation The idea of regulating the crypto space has been on the tables of many global leaders over the past several years. The trouble is that very few of these leaders have ever gotten around to doing something, which has ultimately proven to be both bad and good at the...

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Bitmain Stops Shipping Bitcoin Mining Machines to Mainland China

Bitmain – one of the world’s largest manufacturers of bitcoin mining machines – revealed it would no longer deliver crypto mining rigs to mainland China addresses. However, the firm would continue shipping its products to overseas destinations. The Crypto Ban Reached Bitmain The Chinese crackdown on cryptocurrency mining and trading has affected Bitmain as well. The Beijing-based company announced on its WeChat account that it will halt shipping its Antminer crypto mining...

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Citadel Would Provide Crypto Services if There Is Regulatory Clarity, Says Founder

Ken Griffin – Founder and Chief Executive Officer at the multinational hedge fund Citadel LLC – stated that his organization will start offering cryptocurrency trading services only if there is “regulatory clarity.” However, he is not keen on the asset class, opining that it threatens the strength of the American dollar. Citadel Can Jump on The Crypto Bandwagon During a recent interview, billionaire Ken Griffin pointed out the necessity of imposing a regulatory framework on...

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IMF: Regulation Is the Only Thing That Can Save Crypto

According to the International Monetary Fund (IMF), crypto traders need to accept the idea of stronger regulation if they are ever going to be safe from hackers and other illicit players. The IMF Says Regulation Needs to Happen There have been several arguments as of late claiming that the bitcoin space is prone to criminal activity from those who would like to launder money, fund terrorist organizations, and commit themselves to illicit projects. In addition, the crypto...

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Elon Musk Hates the Idea of Crypto Regulation

Elon Musk – the South African billionaire and entrepreneur behind mega companies like Tesla and SpaceX – believes that crypto regulation should not exist and that governments should just mind their own business. Elon Musk Doesn’t Care for Governments Getting Involved in Crypto Musk is echoing the age-old argument that digital currencies are designed to be decentralized assets. They are not meant to be overseen by banks or standard financial institutions. Third parties...

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