Regulation

Russia’s attempts to establish clear legislation on digital assets continue. During a recent meeting that was primary focused on the COVID-19 consequences on the country’s economy, Prime Minister Mikhail Mishustin made a few remarks on cryptocurrency regulations.Mishustin called them a “relatively new tool, the interest in which is constantly growing.” As such, he believes that the world’s largest country by landmass has to put into motion a plan to steer the market in a “civilized...

Coinbase CEO Brian Armstrong also explained the reverse effects of the rumored regulation.The CEO of digital currency exchange platform Coinbase Brian Armstrong expressed his opinion on the rumors that the US Treasury may implement unfavorable regulation on the crypto industry. Armstrong highlighted the details of the rumored regulation in a Twitter thread.Already, the CEO said Coinbase, along with other crypto companies and investors, have contacted the US Treasury regarding the matter.On...

Bitcoin lost nearly $3,000 in a few hours, resulting in a price below $17,000. From OKEx opening withdrawals, the US supposedly eyeing additional restrictive regulations and increased exchange inflows, here are a few reasons for which this might have happened.#1: OKEx Resumes Withdrawals: Chinese Traders Can Realize Mining ProfitsOKEx is one of the leading cryptocurrency exchanges in the Asian markets. As CryptoPotato reported earlier in October, the founder of the exchange was reportedly...

Coinbase’s CEO Brian Armstrong has sent a letter to the US Treasury Secretary Steven Mnuchin regarding new rumored regulations on self-hosted cryptocurrency wallets. Armstrong believes that if implemented, the new legislation could harm users and, ultimately, the role of the US in the cryptocurrency financial field.New Regulations On Self-Hosted Crypto Wallets?The CEO of the largest US-based digital asset exchange took it to Twitter to outline the potential importance of these regulations if...

VanEck has pushed out of the US into the European markets and, with favorable regulations, it expects to have a better embrace in the region where similar products are already available.Investment management firm VanEck has successfully launched a bitcoin-backed Exchange Traded Product known as an Exchange Traded Note (ETN) on the Deutsche Borse Xetra exchange. According to a report by Funds Europe, the move by VanEck to launch the exchange-traded product (ETP) models that of other European...

Recently, the Chinese regulators subjected the likes of Tencent Holdings Limited (OTC: TCEHY), Meituan (OTC: MPNGF), and Alibaba Group under critical scrutiny.Daniel Zhang, the CEO of Alibaba Group Holding Ltd (NYSE: BABA), in a World Internet Conference held at Wuzhen declared his support for the draft released by the Chinese regulators to curb internet giants and check their monopolistic behavior in the fintech market. The regulator’s decision recently caused the Ant Group‘s IPO led by the...

The SEC revealed that it brought 56 cases related to blockchain projects, cryptocurrencies and digital assets since July 2017.The current serving Chairman of the Securities and Exchange Commission (SEC) Jay Clayton is set to conclude his tenure by the end of the year. According to The New York Times, Jay Clayton’s tenure which was expected to end next year in June was filled with regulations primarily geared towards protecting investors.The tenure of Jay Clayton also witnessed a huge...

In the latest turn of events, the Russian Ministry of Finance has taken a harsh stance wrt cryptocurrency regulations. Crypto holders on not disclosing their digital assets (worth 45 million rubles or more) at least twice in a period of three years stand to face a jail term of up to three years. This, however, is an amendment from a previous version. Russian BTC And Crypto Holders Could Face Jail Term As per the latest update on Bitcoin and cryptocurrency regulation, Russia’s...

The stocks of such companies as Xiaomi, Tencent, and Meituan Dianping recorded a fall of 5.73%, 5.38%, and 7.47% respectively. A recent report has revealed a drastic fall of market caps of five Tech giants in China over regulatory issues. The likes of Alibaba Group Holding Ltd (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Xiaomi Corporation (OTC: XIACF), JD.com Inc (NASDAQ: JD), and Meituan Dianping (MPNGF: OTC) had their fair share of the fall. The regulatory move by the Chinese regulators...

Is bitcoin coming to the U.S. Senate? That’s how it looks in Wyoming after the state has elected a Republican cryptocurrency holder and digital currency advocate to office. Cynthia Lummis is a crypto owner that was recently elected to the Senate to represent Wyoming. Many expect that she will now push for newfound bitcoin and crypto regulation to protect digital trading in America.Wyoming Is Growing as a Crypto HavenMany a time have bitcoin and digital currencies been brought up in...