Category: Regulation News

Indian Central Bank RBI is Reportedly Exploring the Need of Cryptocurrency in Payment Sector

Reserve Bank of India (RBI), the Indian central bank is reportedly looking at the use cases of cryptocurrencies in the growing payment sector as per a report in the Economic Times. The Indian Central Bank reportedly released a booklet covering the journey of digital payment and settlements in India in 2020, where it suggested that […]

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Treasury Secretary Vs SEC chief, Bitcoin Future Hangs in Balance As Biden Appointee Choose Their Sides

Biden’s govt. already seems divided on Bitcoin as newly appointed SEC chief Gary Gensler is Bitcoin pro but Treasury Secretary appointee Janel Yellen called Bitcoin a FUD. The new Biden administration is taking over with promises of better healthcare, writing off student loans, and stimulus checks worth $2,000 for the Americans to cope with the […]

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BlackRock & Barclays Share Contrasting Views on Bitcoin (BTC), Institutional Game Gets Tough

As Bitcoin (BTC) price continues to trade at a crucial junction, there’s a mix of views coming from institutions on Bitcoin. On Wednesday, January 20th, the world’s largest asset manager BlackRock filed with the U.S. SEC seeking exposure to bitcoin (BTC). On the other hand, Barclays clearly opposed the Bitcoin adoption among wealthy investor. BlackRock […]

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Major Thai Crypto Exchange Bitkub Temporarily Suspends Operation Post SEC Snub

Bitkub, a Thailand based cryptocurrency exchange on Wednesday shut its desktop trading services temporarily to fix the problems leading to multiple outages in the past month owing to high trading volumes, reported Bangkok Post. The Thai Securities and Exchange Commission has directed the exchange to fix the problems with its platform within firms as traders […]

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Breaking: Bitfinex and Tether Seek 30-day Extension to Produce Critical Financial Document Before NYAG

iFinex Inc, the parent company of both Tether and Bitfinex has filed for a 30-day extension for the submission of key documents about Tether reserves and other financial operations in the ongoing lawsuit filed by NYAG. Update letter for NYAG Tether case, ~30 more days of waiting everyone. See you around Valentine’s day https://t.co/NgozuAMDVY — […]

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FinCEN Extends Dates for Public Comments on New AML Crypto Wallet Regulations

FinCEN has finally extended the period for public comment on its newly released AML regulations for virtual asset service providers after heavy backlash from people for technically prohibiting them from commenting on the proposed regulations. The press release by FinCEN notified that they are reopening the comments period by 15 days for its reporting requirements, and […]

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ECB President Believes Bitcoin is Speculative, Digital Euro in Next 5 Years

Christine Lagarde, the European Central Bank president in his recent talk at Reuters Next conference has deemed Bitcoin as a speculative asset that plays with investors’ psychology. Lagarde’s comments came during his talks about the role of sovereign digital currencies issued by national banks. She noted that a digital Euro is quite a possibility in […]

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“SEC Can do Better on Clarity” Says SEC Commissioner Hester Pierce on Ripple Lawsuit

In a recent interview SEC commissioner aka Crypto Mom Hester Pierce in a response to recent $1.3 Billion Lawsuit against Ripple and said SEC can do better as enforcement should not be the only way to provide guidance. It should be noted that the hearing for the lawsuit is due in virtual court on Feb. […]

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ShapeShift Removes KYC Requirements Amid Growing Regulatory Clampdowns

ShapeShift, a popular crypto trading platfrom today announced that they are doing away with all kinds of KYC requirements on their platform starting today in an official blog. Erik Voorhees, the CEO of the platform who has tweeted a cryptic message yesterday responded to the tweet about their decision to remove all KYC needs to […]

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U.S. Citizens May Have to Report Off-Shore Crypto Holdings As per Latest FinCEN Notice

Latest notice from FinCEN intends to subject digital currencies held in overseas accounts to Foreign Bank and Financial Accounts Reporting (FBAR) regime. At present, tax-paying citizens in the US with a foreign financial interest that might include a foreign bank account or brokerage account above $10,000 are required to adhere to the FBAR and submit […]

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