Regulation

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Paxos hopes to be at the forefront of that wave of regulation and the recently gained approval is one more step along that road. The crypto giant Paxos received preliminary conditional approval from the US Office of the Comptroller of Currency (OCC) on Friday. Paxos joins Anchorage and Protego in holding a federal banking charter, which allows them to carry out custodial and management services for digital assets, stablecoin reserves, and crypto-based services like payments, trade, KYC, and...

The number of US-based financial institutions looking into launching cryptocurrency services continues to grow, and the latest to join the ranks is Charles Schwab. Nevertheless, giant founded in 1971 expects clearer regulations on digital assets before opening such products to the 32 million brokerage accounts employing its services. Charles Schwab to Get in Crypto? Headquartered in Texas, Charles Schwab is an American multinational financial services firm with over $3...

Today was a difficult day for the markets in general, with most assets and investments registering red numbers amid a general panic episode. The primary reason seems to be the rumor that U.S. President Joe Biden —who seems interested in thigtening the crypto regulations in the US— may be ready to submit a proposal to the Congress to increase the capital gains taxes. Rumor has it that the rate would nearly double what investors currently have to pay. The story – which first...

Bitcoin has taken a turn for the worse. Following news of Coinbase going public on the Nasdaq last week, the world’s number one digital currency by market cap rose to nearly $64,000 per unit, though at press time, it has knocked roughly $8,000 off its price. Bitcoin Has Taken a Nasty Fall At first glance, this looks like a standard correction. We have all seen instances like this in the past. When bitcoin spikes to new highs rather suddenly, it becomes obvious over a few...

With the hotness of the cryptocurrency market, more and more people want to make a pot of gold on it. Many messy trading platforms have gradually appeared in the market, but they do not have a good regulatory agency to control and supervise them. Recently, Bexplus, an exchange that has been established for three years, has officially obtained the MSB license under the guidance of the U.S. regulator FinCEN (a financial crime enforcement agency under the U.S. Department of...

Currently, it is not clear what the UK’s Financial Conduct Authority will see fit for the new Binance tradable stock tokens services. The UK’s Financial Conduct Authority speaking to the Financial Times noted that it is working with cryptocurrency exchange Binance to understand its latest services that entail Tradable Stock Tokens. Reportedly, the regulator wants to understand the regulations that may apply to it and also how the firm markets the new feature.Speaking to the FT, the...

Brian Armstrong – the CEO of Coinbase, one of the world’s largest and most popular cryptocurrency exchanges – has been having one heck of a week. The trading platform made its stock debut on the Nasdaq a few days ago, and things appear to really be taking off. Brian Armstrong: No Hacks, No Regulation Coinbase saw its stock trading for well over $300 per share. Given that the company is likely valued at more than $100 billion at this stage, this is small beans compared...

With Bitcoin (BTC) gaining widespread adoption globally, the United States government is reportedly in the early stages of developing regulatory guidelines for the popular cryptocurrency and the entire crypto industry. Sources familiar with the matter told FOX Business’ Charlie Gasparino that the upcoming regulation, which will focus on crypto infrastructure and taxation, is being led by the Treasury Department Secretary, Janet Yellen, and her deputy, Wally Adeyemo.  Upcoming...

La fondation suisse Energy Web, le Rocky Mountain Institute (RMI) et l’Alliance for Innovative Regulation (AIR) ont annoncé, la semaine dernière, le lancement d’un Crypto Climate Accord, initiative issue du secteur privé qui ambitionne de faire passer l’ensemble du secteur des cryptomonnaies sur des sources l’énergie renouvelables d’ici la COP 2025. « Inspiré par l’Accord de Paris sur le climat, cet Accord rassemble l’industrie de la...