Category: Cryptocurrency regulation

Hindu Paramilitary Group Calls on Indian Government to Regulate Cryptocurrencies

Hindu Paramilitary Group Calls on Indian Government to Regulate Cryptocurrencies

Hindu nationalist group Rashtriya Swayamsevak Sangh (RSS) has called on the Indian government to regulate cryptocurrencies. “The government has to ensure that it is regulated in the larger interest of the society,” the group reportedly said. Rashtriya Swayamsevak Sangh Calls for Crypto Regulation Mohan Bhagwat, head of the Rashtriya Swayamsevak Sangh (RSS), said during his […]

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Bank of England’s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules

Bank of England’s Deputy Governor Says Crypto Collapse Plausible, Regulators Need to Urgently Establish Rules

Bank of England Deputy Governor Jon Cunliffe says that a collapse in the cryptocurrency market is certainly “plausible,” stating that regulators worldwide need to pursue crypto rules “as a matter of urgency.” While cryptocurrencies do not currently pose a threat to the country’s financial stability, the deputy governor says there are some “very good reasons” […]

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Coinbase Meeting With US Lawmakers to Discuss Crypto Regulatory Proposal

Coinbase Meeting With US Lawmakers to Discuss Crypto Regulatory Proposal

The Nasdaq-listed crypto exchange Coinbase has been meeting with members of Congress to discuss the cryptocurrency regulation it plans to propose, according to CEO Brian Armstrong. In addition, the company has met with more than 30 crypto firms, four major law firms, and three trade groups about its crypto proposal. Coinbase Meeting Congress Members and […]

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Former Federal Prosecutor: There’s Much More to Crypto Than Financial Use Cases, Regulation Cannot Be One Size Fits All

Former Federal Prosecutor: There’s Much More to Crypto Than Financial Use Cases, Regulation Cannot Be One Size Fits All

Former federal prosecutor Katie Haun says that regulators really need to take stock of the fact that we’re beyond just financial use cases of cryptocurrency. “There’s much more to crypto than that,” she said, adding that “Regulation cannot be one size fits all.” Haun further said that crypto is not the Wild West and the […]

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Tesla CEO Elon Musk Opposes Governments Regulating Crypto, Says They Should ‘Do Nothing’

Tesla CEO Elon Musk Opposes Governments Regulating Crypto, Says They Should ‘Do Nothing’

Tesla CEO Elon Musk thinks governments should not try to regulate cryptocurrency. “I would say, do nothing,” he recommended. Musk believes that it is not possible to destroy crypto, but governments can “slow down its advancement.” Elon Musk Says Governments Should ‘Do Nothing’ and Leave Crypto Alone Tesla CEO Elon Musk discussed cryptocurrency and China […]

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29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down

29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down

The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto Regulation in Effect The Act on Reporting and […]

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ECB President Christine Lagarde Insists Cryptos Are Not Currencies, Calls Them Highly Speculative, Suspicious

ECB President Christine Lagarde Insists Cryptos Are Not Currencies, Calls Them Highly Speculative, Suspicious

The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She also discussed the need for stablecoin regulation and central bank digital currencies (CBDCs). Lagarde: ‘Cryptos Are Not Currencies. Full Stop’ ECB President Christine […]

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India’s Cryptocurrency Legislation Will Be ‘Distinct and Unique,’ Says Lawmaker

India’s Cryptocurrency Legislation Will Be ‘Distinct and Unique,’ Says Lawmaker

The chairman of India’s Parliamentary Standing Committee on Finance explains that cryptocurrency legislation in India will be “distinct and unique.” He added, “We have to balance stability and growth but we recognize how important this whole area of crypto is.” Lawmaker Provides an Update on Crypto Legislation Jayant Sinha, a lawmaker of the ruling Bharatiya […]

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African Economist Says Regulated Cryptocurrencies Are Reasonable Alternative to Single Trade Currency

African Economist Says Regulated Cryptocurrencies Are Reasonable Alternative to Single Trade Currency

A Nigeria-based research and development economist, Gospel Obele, has called “for a unified regulatory mechanism for cryptocurrency trading.” He adds that such regulation of cryptocurrencies can potentially “complement an African digital currency,” hence this needs to be considered. Cryptocurrencies Show the Way In remarks published by Joy Online, Obele insists that cryptocurrencies have already shown […]

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India Has New Plan to Regulate Cryptocurrencies: Report

India Has New Plan to Regulate Cryptocurrencies: Report

India is reportedly working on a new way to regulate cryptocurrencies. “The government is planning to define cryptocurrencies in the new draft bill that also proposes to compartmentalise virtual currencies on the basis of their use cases,” according to a report. How India Will Regulate Cryptocurrencies India is reportedly planning to regulate cryptocurrencies as commodities […]

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