Regulation

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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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...

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...

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...

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...

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...

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...