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Regulation

Meetup Becrypto / Le Cercle du Coin

Notre meetup de novembre 2022 est planifié pour le LUNDI 28 à SOIGNIES et il sera EXCEPTIONNEL ! Il se tiendra au MAD Coworking, 37 rue de Mons à Soignies (Belgique).L’an dernier, notre grande journée commune BECRYPTO – LE CERCLE DU COIN a été un franc succès ! C’est pourquoi nous rééditons l’exploit avec cette fois le thème « QUOI MA REGULATION ?«  La cité médiévale sera donc le théâtre d’une journée entière consacrée à la thématique de...

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The Treasury Wants to Regulate Crypto… And Fast

The U.S. Treasury has warned that unregulated cryptocurrencies could come back to haunt the United States and its financial workings. The Treasury Is Terrified of Crypto The Treasury has been engaged in digital currency research for some time given that back in March, Joe Biden issued a crypto executive order calling for all financial agencies within the United States to examine and explore the risks and alleged advantages associated with digital currency assets. The...

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New UK Prime Minister Rishi Sunak: Crypto Believer or CBDC Backer?

Rishi Sunak is all set to take over the role of the prime minister of the United Kingdom in a few days. Amidst dire economic headwinds, Sunak was voted into office after Liz Truss, who only served a record-breaking 45 days, announced her resignation as a result of a maelstrom of criticism over her failed fiscal policies. Sunak, for one, is a proponent of the crypto industry and had previously championed regulation. UK Crypto Regulation During his stint as the Finance...

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Is CFTC Underfunded to Regulate Cryptocurrency Industry?

The CFTC has been working closely with the SEC to help provide crystal clear cryptocurrency regulations.The cryptocurrency market is getting shaped by global geopolitics. In the United States, the Commodity Futures Trading Commission (CFTC), under Chair Rostin Behnam, has been at the forefront of cryptocurrency industry regulations. However, it has been regarded as a friendlier regulator than the Securities and Exchange Commission (SEC).During a panel discussion hosted by law firm Lowenstein...

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SBF’s Thoughts on Respecting OFAC’s Sanctions List ‘Triggers’ ShapeShift Co-founder

Earlier this week, the crypto billionaire riled the industry by suggesting ways to confront the legal and hacking woes plaguing the ecosystem. Erik Voorhees, ShapeShift co-founder, is the latest one to detail concerns regarding the draft. The OFAC Conundrum While Voorhees noted that rules are important and that “voluntarily-adopted” standards are noble because they are achieved through coercion and violence, not consent and market forces, the same cannot be said for...

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SFC’s Executive: Hong Kong to Let Retail Investors Engage with Crypto Directly

Besides its political differences and leanings from China, Hong Kong is also seeking to create a different path for itself when it comes to its administration and regulation of digital currencies and the emerging Web3 world.Hong Kong, the special administrative city of China is pushing for new reforms that will position it as one of the most forward-thinking crypto-positive regions in the world. In one of its latest moves as affirmed by Elizabeth Wong, head of the fintech unit at the...

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FTX CEO Sam Bankman-Fried Shares His Position on Crypto Regulations

FTX CEO Sam Bankman-Fried (SBF) posted a draft of a set of standards to create clarity and protect customers as the US awaits full federal regulatory regimes. While highlighting the significance of regulatory oversight and customer protection, SBF said there needs to be an open economy where peer-to-peer transfers, code, validators, etc., are presumptively free. He believes establishing standards is necessary until regulation hit the scene to help inform and protect...

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Idea of Tech-Driven Regulatory Framework Under G20 Receives Mixed Reactions  

A day after Indian Finance Minister Nirmala Sitharaman spoke about her plans to work towards a tech-driven regulatory framework for cryptocurrencies under the aegis of G20, industry leaders offered mixed reactions to her statements.     Sitharaman spoke about crypto regulations to reporters on the sidelines of the fall meetings at IMF, World Bank, and G20 Finance Ministers and Central Bank Governor (FMCBG) in Washington last week, media reports said.  Positive but...

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Australia’s ASIC Is Seeking to Regulate Crypto

The Australian Securities and Investments Commission (ASIC) is expanding its digital currency team and says it’s looking to impose more regulation on crypto assets and their respective users, thus making it hard to sell digital currencies within Australia. ASIC Is Going to Be Tough on Crypto Under the new rules, all digital currencies would be classified as “financial products.” The decision comes after Ethereum – the world’s second largest digital currency by market cap...

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Kazakhstan Wants More Regulations for Crypto Miners With New Bill (Report)

The lower house of Kazakhstan’s parliament – Mazhilis – reportedly greenlighted new bills that aim to establish appropriate rules in the local crypto sector. They will require miners to create authorized entities, register with the regulators, and continue being subject to taxation. Solving the Problem With ‘Gray Miners’ Despite being a global leader in cryptocurrency mining, Kazakhstan has certain issues with the so-called “gray miners” who conduct their operations without...

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