Category: Regulation News

SEC Chair Gary Gensler Declares Crypto Tokens Raising Funds as Securities and says they should Register

Gary Gensler, chairman of the US Securities and Exchange Commission (SEC) has said that the crypto industry still needs to come under securities laws in 2022. He stated that the facts and circumstances in the crypto market suggest that a lot of crypto projects are securities. Gary Gensler is still beating the same gong in […]

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U.K. Lawmakers Join Hands to Form A Crypto Advocacy Group and Support Crypto Innovation

Over the last few months, the United Kingdom has been going heavy on regulations cracking down on some of the biggest companies like Binance. But the latest news is that lawmakers from Westminster have joined hands to form a crypto advocacy group and “support innovation” in this industry. Dubbed the Crypto and Digital Assets Group, […]

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China’s Xiangtai food Co. buys 686 spot Bitcoin miners despite mining ban

Xiangtai Food Co., Ltd., a Nasdaq-listed Chinese food company has bought 686 spot Bitcoin miners that are worth US$6 million via its United States subsidiary called SonicHash LLC. While the mining operations would be continued in New York, the fact that the Chinese government has issued an all-out ban against crypto companies could brew some trouble […]

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These U.K Lawmakers Have Created A Group To Champion Crypto Cause In The U.K

Reports have it that a group of crypto-apologetic U.K lawmakers have teamed up in the United Kingdom (U.K) in what looks like a lobbying group. Led by Lisa Cameron — a member of parliament for the United Kingdom’s House of Commons, the group is reportedly looking to promote legislations, that would seemingly benefit the crypto […]

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Breaking: Estonia is not banning cryptocurrencies; finance minister clarifies rumors

Estonia, a North European nation made headlines in the crypto world with its strict AML regulations a few days back. The strict regulatory policies introduced by the government were seen as regressive that led to rumors about a possible ban on cryptocurrencies. Earlier. today the Finance Minister of the country came out with an official […]

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RBI warns against “immediate risks” of private cryptocurrencies

The latest update in the Indian crypto sphere saw the Reserve Bank of India (RBI) reiterate its anti-crypto stance. However, this time around RBI alerted investors against the “immediate risks” of private cryptocurrencies in particular. The Indian Central bank recently released its financial stability report which pitted against private crypto claiming it poses an immediate […]

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Turkey seeks to implement the crypto law “as soon as possible”

The latest update in Turkey’s upcoming crypto law saw the Turkish Parliament hold a meeting today with relevant entities to discuss the regulations for virtual currencies in the nation. According to the European publication, Daily Sabah, the ruling Justice and Development Party (AK Party) Group’s Deputy Chairperson, Mustafa Elitaş ascertained that the “common opinion of the […]

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Iran confirms second crypto mining ban of 2021

Iran has declared its second crypto mining ban for this year in an attempt to conserve more power during the bitter cold winters. Mostafa Rajabi Mashhadi, director of the public firm, Iran Grid Management Co. and a spokesman for Iran’s power industry noted that the ban will last until March 9 of next year. According to […]

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South Korea: Authorities approach Apple and Google to block all P2E games

The South Korean government has continued its efforts to secure the position as the leading crypto regulator across the globe. This time around, the authorities have targeted the NFT phenomenon of P2E games. The nation’s Game Management Committee (GMC) under the Ministry of Culture, Sports, and Tourism recently approached mobile app store giants, Apple and Google […]

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