Tag Archives: crypto regulation

Narendra Modi – the prime minister of India – has emerged to let crypto traders know that while the nation may have delayed its regulatory decision, it still has every intention of ensuring that crypto presents a safe environment for everyone within the country’s borders. India and Crypto… Where Are Things Headed? Not long ago, discussions emerged saying that bitcoin and crypto were no longer on the verge of being banned in India, and thus the country was instead going...

The U.S. Justice Department is establishing a new division that will look specifically into cryptocurrency crimes such as money laundering and theft. The Justice Department Seeks to Have a Hand in Regulation The idea of regulating the crypto space has been on the tables of many global leaders over the past several years. The trouble is that very few of these leaders have ever gotten around to doing something, which has ultimately proven to be both bad and good at the...

Gary Gensler and the Securities and Exchange Commission (SEC) are really feeling the heat when it comes to developing new regulations surrounding the bitcoin and blockchain spaces. The agency is now working “overtime” as CNBC puts it to establish a new set of crypto-related rules designed to pause volatility and potentially keep traders (and their money) safe. Gary Gensler Is Now Under the Gun Gensler has commented in a recent statement that while he wants the space to...

In a recent discussion, Gary Gensler – the present head of the Securities and Exchange Commission (SEC) – stated that major cryptocurrency platforms and exchanges need to embrace and cooperate with regulators if they wish to maintain their present levels of trust amongst customers. It’s a statement that arguably suggests Gensler knows absolutely nothing about cryptocurrency. Gary Gensler Is All About Regulation During the discussion, Gensler comments: At about $2...

For the most part, analysts seem mixed on the idea of crypto regulation. Several of them claim that more regulation would hinder the space and lead to a lack of innovation. They also say it could get in the way of privacy and financial independence. However, there are some money-minded figures out there – like Jordan Belfort – who believe regulation would have the opposite effect and allow bitcoin and crypto to soar like they never have. Jordan Belfort Is All for Crypto...

Jack Dorsey, the CEO of both Square and Twitter, isn’t a fan of any incoming cryptocurrency regulations.Jack Dorsey Isn’t in Favor of New Crypto RulesThis makes sense considering Square, one of his firms, recently purchased roughly $50 million in bitcoin a few months ago to become one of the first institutional enterprises to openly support bitcoin and hold such a large stake in it. It’s likely that Dorsey doesn’t want to take a hit for this purchase.However, in an open-word letter to the...

So much for having a crypto-loving president. Andrew Yang, who over the last year has garnered a reputation as being the “crypto presidential candidate,” has dropped out of the 2020 race.Andrew Yang Ends His Bid for PresidentAndrew Yang has long pushed himself as the man who would potentially revamp all crypto regulations when he got into the White House. One of his big claims to fame was that he was going to make all present laws and rules regarding cryptocurrency readable and...

The “presidential crypto candidate” – many known him as Andrew Yang – is once again praising digital currency, stating that more people need to become involved in it.Andrew Yang Is Pro CryptoYang is an entrepreneur, lawyer and businessman who, similar with current U.S. President Donald Trump, is seeking an entry into the world’s political spectrum. Yang has often been very praising of cryptocurrency, saying it’s the future of finance and that the lack of education centered around crypto is...

The World Economic Forum has announced it’s assembling a firm of experts from both the public and the private sectors to assist in developing cryptocurrency guidance and regulation.Cryptocurrency Is Getting Global SupportThe organization will be made up of central bankers, entrepreneurs, blockchain analysts and others who will seek to utilize their knowledge of cryptocurrency trading to establish lasting legislation.Interestingly, reactions to the news have been divided, with some claiming...

In recent months, digital assets and cryptos have attracted heated debates. Some governments and watchdogs are making laws that may allow them to go mainstream while others are still hesitant. In what appears as a major development in the nascent crypto industry in the UK, a landmark legal statement was published.The statement was given by the Chancellor of the High Court, Sir Geoffrey Vos. It confirmed that crypto-assets will be recognized as tradeable property while smart contracts are...