Category: Regulation News

EU Passes A Bill to Trace the Flow of Bitcoin & Crypto Assets In Regulatory Tightening Measures

On Wednesday, June 29, the Parliament and Council negotiators reached a deal over a new bill that will allow them to trace the transfers of crypto assets like Bitcoin and other digital asset tokens. The agreement is nothing but an extension of the “travel value” rule already available in traditional finance. As per the EU, […]

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Just-In: Crypto Non-Profit Coin Center Sues U.S. Treasury Over This

Crypto research firm Coin Center said on Saturday it has filed a lawsuit against the U.S. Treasury Department over “unconstitutional” tax laws. The suit pertains to the Infrastructure Investment and Jobs Act passed last year, a $1.2 trillion spending bill that intended to improve infrastructure and stimulate economic growth. Specifically, Coin Center alleges that a […]

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U.S. Treasury Secretary Janet Yellen Warns of Having Crypto In Retirement Plans

A large number of financial companies including giants like Fidelity have been working to offer crypto exposure in the 401 (k) retirement plans. U.S. Treasury Secretary Janet Yellen has issued a strong warning on this matter and has asked Congress to intervene. Yellen said that cryptos become a “very risky” choice as part of the […]

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LUNA Update: Second Circuit Court Orders Terra CEO To Comply With SEC

The United States Securities and Exchange Commission (SEC) subpoena served to the Terraform labs and its CEO, Do Kwon has been found to be in order by the second circuit court. Do Kwon claimed the SEC lacked Jurisdiction over his company and filed an appeal. Court throws out Do Kwon’s arguments The US court of […]

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More Trouble For Crypto Miners As White House Eyes Energy Curbs

The White House will draft policy recommendations to reduce energy consumption and emissions in cryptocurrency mining. The report will look into details about the benefits or loss of cryptocurrency mining, energy consumption, noise pollution, and carbon footprint, as well as, compare proof-of-work (PoW) and proof-of-stake (PoS). Moreover, the report could be one of the first […]

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Just In: Goldman Sachs Crypto Review Shows Major Uptick, Here’s Why

Top Wall Street bank Goldman Sachs crypto survey indicates massive inroads into institutional adoption in the insurance sector. In its latest annual report on the sector, it said institutions are becoming more confident to explore investment opportunities in crypto. The institutions are also recognizing the disruptive impact of the underlying blockchain technology, it noted. In […]

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Russian Central Bank Takes U-Turn On Crypto International Payments

More and more signs from Russian authorities lead to increasing recognition of cryptocurrencies as tools for international payments. In the past, the central bank has been adamant towards Russia crypto payments. Russia Open To Crypto International Payments Indicating that there could soon be relaxation of its opposition to digital currencies, Russia’s central bank made a […]

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