Regulation

El Salvador has announced a new law that will place crypto regulation duties in the hands of both state and private entities. The idea is that these entities will hold sway over any digital currencies (except for bitcoin, which has already been declared legal tender in the country) and how they are issued within the borders of the Central American nation. El Salvador Is Working Its Way Up the Crypto Regulation Ladder The goal of the bill is to potentially attract outside...

Charlie Munger, the Vice Chairman of Berkshire Hathaway and Warren Buffett’s right-hand man, reiterated his stance against Bitcoin and the entire crypto industry. This time, the American billionaire investor urged the United States government to ban all cryptocurrencies as they are bound to cause more harm than good. Munger Attacks Again In an opinion published on mainstream media, the Wall Street Journal (WSJ), Munger argued that unvetted private companies are issuing...

South Korea is looking to amp up regulations to prevent unfair trade in the industry. As such, the Financial Services Commission issued instructions to five major crypto exchanges in the country to delist and classify digital assets that have similar properties to that of securities. The implosion of the once-prominent Terra ecosystem tokens was the first domino to fall in an ensuing series of other high-profile collapses. The subsequent failure of hedge fund Three Arrows...

CryptoGames is a well-known and established online gambling platform that provides users with an exciting gaming experience. The platform has made a name for itself in the gambling community due to its commitment to quality and customer satisfaction. CryptoGames is owned and managed by MuchGamin B.V., a private limited liability company based in Curacao, which is known for its strict regulations and standards in the gaming industry. With a wide range of games on offer,...

Last year’s industry-wide meltdown has haunted Asian firms as they cautiously plot their recovery. China was once a hotbed for crypto mining and trading. Even after announcing a blanket ban on all digital asset activities more than a year ago, there’s reason to believe that the country may make a comeback in the space. Tron founder Justin Sun, who has a history of hyping the industry, also said China could embrace the asset class, especially after the implementation of a tax...

As global influencers rubbed elbows at Davos, the IMF issued recommendations for crypto to global regulators. Depending on who you ask, crypto regulation could hurt the industry or open up vast new markets for normie investors. In a note published over the week, the International Monetary Fund wrote: “During times of stress, we’ve seen market failures of stablecoins, crypto-focused hedge funds, and crypto exchanges, which in turn raised serious concerns about market integrity...

Kevin O’Leary – a popular Canadian investor and host of the TV show Shark Tank – believes the unregulated cryptocurrency environment will cause the collapse of other companies. However, he remains a proponent of the industry, admitting that he invested 5% of his wealth in bitcoin. Future Trouble Seems Inevitable In a recent interview for Kitco News, O’Leary forecasted that the FTX demise will certainly not be the last such event in the cryptocurrency space. He claimed some of...

Mamoru Yanase – Deputy Director-General of Japan’s Financial Services Agency (FSA) – urged global watchdogs to impose tougher regulations on the cryptocurrency industry. He believes digital asset exchanges should be treated the same way as banks. It’s All Because of FTX According to Yanase, one way to prevent another collapse of a cryptocurrency platform is if regulators treat such entities as traditional financial institutions. The Japanese referred to the demise of FTX,...

Andy Yen is the CEO and co-founder of Proton, a privacy-centered organization that seeks to provide a whole new (autonomous) version of the Internet. Yen Wants to See Change in the Crypto Space In a recent interview, he gave his thoughts on bitcoin, crypto, and what traders can expect in terms of legislation and what the space will hold. In the past, Yen has gone on record about being a bitcoin and crypto supporter. Right now, bitcoin is only accepted as a form of...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.