Regulation

Chinese crypto exchange Huobi is planning to make its way back into the cryptocurrency spotlight. Like the Terminator, Huobi Is Saying “I’ll Be Back” Huobi shut down a few years ago as a means of complying with new regulations set forth by state regulators in China. One of the company’s co-founders – Du Jun – says that the firm is learning from past mistakes and that it’s looking to fix all the missteps it took. One of the big goals of the company is to focus on areas...

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The Russian Ministry of Finance reportedly presented its draft legislation on digital asset regulations. The institution called upon enhanced protection rules and set a limit on annual cryptocurrency investments. The Latest Update Russia’s top authorities are still far from reaching a unanimous decision on how to approach the local cryptocurrency market. The Bank of Russia insists on a total ban of all digital asset endeavors, while the Finance Ministry urges for proper...

According to a recent analysis, the Pyongyang-led cybercrime organization – the Lazarus Group – employs advanced techniques to steal and launder cryptocurrencies. The gang has shown “remarkable adaptation to evolving regulation,” the report warned. North Korea and Crypto While China and Russia traditionally captivate the attention of most democratic governments concerned about cyber security, totalitarian North Korea is gradually emerging as a leader in such attacks.  In its...

The President of the USA – Joe Biden – will reportedly introduce an executive order directing government agencies to study the specifics of the cryptocurrency industry. Keeping in mind that the leader has imposed numerous regulations since the start of his presidency reign, he is expected to urge for establishing rules in the digital asset space, too. The forthcoming directive should come sometime next week as it will also focus on central bank digital currencies. What to...

The leading cryptocurrency trading venue appointed Scott Bauguess as the newest member of its policy team. The American spent 11 years as a top executive at the US Securities and Exchange Commission (SEC). Another Veteran on Board Coinbase continues to expand its management unit by hiring the financer Scott Bauguess as Vice President for global regulatory policy. As such, he will coordinate the exchange’s interaction with watchdogs. Bauguess has experience with regulators...

Despite Vladimir Putin’s request, the Bank of Russia and the Finance Ministry did not shake hands on a single solution regarding cryptocurrency regulations. While some reports indicated that the largest country by landmass will not ban digital assets, it is still uncertain what legislation it will impose. No Resolution After the Meeting The central bank of Russia and the Finance Ministry share quite different viewpoints on the digital asset space. Last month, the former...

Josh Gottheimer – a member of the Democratic Party – revealed an early draft of legislation regarding stablecoins. Many critics claim that such financial assets undermine the monetary network and are often used by bad actors in criminal activities. Enhanced Rules for Stablecoins Over the last couple of years, some stablecoins such as Tether and USD Coin have become some of the largest digital assets by market capitalization, utilized by countless traders. Those two have a...

Republican Senator Ted Cruz of Texas is the latest politician to enter the bitcoin space. Not long ago, Cruz bought the dip that bitcoin was experiencing and purchased roughly $50,000 worth of the world’s most popular digital currency. Ted Cruz Has Jumped on the BTC Train Cruz has long been a serious bitcoin advocate, and thus traders should consider him a friend and ally against Biden’s disastrous digital currency tactics and would-be regulations. Cruz was one of...

The Securities and Exchange Commission (SEC) is planning to introduce some sweeping crypto rules that allegedly would allow regulators to check in on the activities of crypto exchanges and defi platforms. The SEC Is Working to Regulate Crypto at All Costs According to bitcoin and crypto bull Hester Pierce – who is often referred to as the “Crypto Mom” for her pro-bitcoin attitude – this could be very dangerous for the digital currency industry in that the rules are going...