Regulation

Over the years, we’ve often discussed the implications of crypto regulation. The topic continues to be brought up as fraudulent activity within the crypto space grows at unprecedented rates. Why Regulation Is Always Talked About To this day, there are many out there that claim regulation is wrong for crypto. Despite the expansion of illicit activity, they don’t want regulation to take form as it could make the crypto space more like the traditional banking space, and the...

The cryptocurrency industry was built on top of one slogan: “don’t trust, verify.” But Grayscale is different from the rest of the cryptocurrency-related businesses. In a recent Twitter thread pondering the need for transparency in the industry after the collapse of FTX, Grayscale attempted to calm its investors’ fears, assuring them that the regulations that apply to its various entities make an FTX-like scenario nearly impossible. Grayscale Says: Funds Are Safe, Trust Us...

Martin Walker – a tech expert and finance director at the nonprofit Center for Evidence-Based Management – says the island of Bermuda is taking a huge chance by inviting so many digital currency exchanges and related businesses to set up shop within its borders. Martin Walker to Bermuda: Be Careful! Bermuda is one of the most crypto-friendly regions in the world. The area has virtually little to no regulation when it comes to crypto activity, meaning digital currency and...

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Indonesia plans to give its Financial Services Authority (OJK) the power to regulate cryptocurrency investments and market oversight.   The country’s Trade Ministry currently polices the digital asset industry in collaboration with the Commodity Futures Trading Regulatory Agency. However, Indonesia’s finance minister, Sri Mulyani Indrawati, said the country would transfer the authority to OJK to protect consumer interests.  Indonesia Concerned About Investors’ Assets ...

More than $3 billion in crypto funds have been stolen this year according to a new report issued by blockchain analysis firm Chainalysis. Chainalysis: Crypto Theft Has Reached a New High The crypto space is constantly in a rough spot. There are many people out there that are completely against any sort of regulation, as the crypto space was initially established to give traders and users complete financial independence. No prying eyes, no third parties, just people and...

Over a year ago, El Salvador made history when it declared bitcoin legal tender. This meant that many companies throughout the region were required to accept crypto payments alongside the U.S. dollar, which the country had long been dependent on, but has everything worked out in the nation’s favor? El Salvador and Bitcoin… Has It Worked? With about 16 months under its belt of using bitcoin as real, actual money, it appears El Salvador has some relatively mixed results to...

The decentralized finance industry has seen its fair share of incidents, either due to human error or otherwise. As a result, the call for regulation has never been louder, even if it may not necessarily have the expected outcome.  An Example to Consider People who have kept close tabs on the DeFi space will know protocols can come and go in the blink of an eye. Although numerous hacks, thefts, and phishing attempts exist, some projects close for various reasons. One example...

The Canadian government will begin consultations on cryptocurrencies, stablecoins, and CBDCs. The ruling body maintained that such assets should function under strict supervision since they could facilitate illicit operations and pose “a challenge to democratic institutions.” Crypto is Among the Budget’s Priorities As disclosed in its mini-budget 2022, Canada’s federal government will aim to impose rules on the local cryptocurrency sector. The officials started a series of...

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