Category: Regulations

Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports

Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports

A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able to compete with jurisdictions that are already attracting some of its own crypto firms. Senate […]

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Competition and Hype Drive Young Crypto Investors, UK Watchdog Finds

Competition and Hype Drive Young Crypto Investors, UK Watchdog Finds

A sizable majority of young investors seeking high-risk opportunities are motivated by competition and hype, a new survey has indicated. They often turn to cryptocurrency and forex products, according to the poll conducted by the U.K.’s financial regulator. FCA Launches ‘Investsmart’ Campaign Targeting Risk Prone Investors The U.K.’s Financial Conduct Authority (FCA) has carried out […]

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SEC Chair Gensler Explains Why They Approved the Bitcoin BITO ETF

Gary Gensler – chairman of the Securities and Exchange Commission – recently explained his approval of a Bitcoin Futures ETF. He believes the ProShares ETF falls under current investor protections more easily than a spot-traded fund. However, many bitcoiners and other crypto supporters remain opposed to it. Protections for Futures ETF Users Gensler aired his […]

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Andrew Yang Reveals His Political Party Will be Pro Crypto

Andrew Yang Reveals His Political Party Will be Pro Crypto

Andrew Yang – an American entrepreneur, politician, and founder of the newly launched Forward Party – said he wants his organization to represent the US crypto community. In Attempt to Solve America’s Financial Problems “Not right. Not left. Forward.” That is the slogan of the new political party in the United Stated – The Forward […]

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New York Attorney General Cracks Down On Cryptocurrency Lending Services

New York Attorney General Letitia James announced on October 18 that she had ordered the shutdown of an unidentified group of cryptocurrency lending platforms operating in the state. As per an official press release, the companies would be acting in contravention of the stipulations of General Business Law § 352 et seq —better known as […]

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Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations

Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations

Authorities in Estonia are working on new legislation expected to stiffen the rules for the country’s cryptocurrency sector. The Baltic nation’s regulator for the industry is considering whether to revoke previously issued crypto licenses and restart authorization from scratch. Licensed Crypto Companies Register Millions in Turnover, Estonia Gets Little With only around 1.3 million people, […]

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Tether and Bitfinex Ordered to Pay $42.5 Million Fine by the CFTC

The United States Commodity and Futures Trading Commission (CFTC) has ordered Tether and Bitfinex to pay fines worth $42.5 million. In a release from today, October 15th, Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited – all companies associated with the issuer of the largest stablecoin USDT, Tether, were ordered to […]

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Binance Hires Mark McGinness as Chief Regulatory Liaison Officer

Binance – the world’s largest cryptocurrency exchange – recently hired Mark McGinness as its Chief Regulatory Liason Officer. McGinness is a former Head of International Relations at the Dubai Financial Services Authority (DFSA). How McGinness Helps Binance According to a press release shared with CryptoPotato, the hire is part of Binance’s effort to better cooperate […]

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Binance Welcomes Former DFSA Executive as Chief Regulatory Liaison Officer

Binance, the world’s largest digital currency exchange by trading volume has taken its regulatory compliance ambitious to a new level with the appointment of Mark McGinness, former Head of International Relations at the Dubai Financial Services Authority (DFSA). According to the trading platform, McGinness is joining to take up the role of Chief Regulatory Liaison […]

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Cryptocurrency Crash at Hand Unless Regulations Are in Effect, Said Bank of England’s Cunliffe

Cryptocurrency Crash at Hand Unless Regulations Are in Effect, Said Bank of England’s Cunliffe

Bank of England (BoE) Deputy Governor Jon Cunliffe recently made a warning about an imminent collapse in cryptocurrencies, before adding that the rapid-growing sector need to be regulated promptly. “Regulators internationally and in many jurisdictions have begun the work. It needs to be pursued as a matter of urgency,” said Cunliffe. Cunliffe said that, although the […]

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