Category: Regulations

Last Month Casascius Owners Redeemed the Highest Number of Physical Bitcoins in 3 Years

Last Month Casascius Owners Redeemed the Highest Number of Physical Bitcoins in 3 Years

On November 30, 2020, bitcoin crossed an all-time price high on a few global exchanges and between spot and derivatives markets there’s been a lot of action. One metric people didn’t notice was the fact that November 2020 saw the most number of redeemed Casascius physical bitcoins in three years. Approximately 92 coins were peeled […]

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US Lawmakers Want to Regulate Stablecoins, and Crypto Twitter is Not Happy

US Lawmakers Want to Regulate Stablecoins, and Crypto Twitter is Not Happy

The new STABLE Act could easily become the next nightmare for stablecoin businesses in the United States as it would bring them closer to the banking ecosystem than to the world of technology. On December 2, 2020; Congresswoman Rashida Tlaib, along with Rep. Jesus “Chuy” Garcia and Rep. Stephen Lynch, introduced the new Stablecoin Tethering […]

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The Changes Continue: Facebook’s Libra Has Been Rebranded To Diem

Facebook shook the world last year after announcing plans to introduce a “single global digital currency” dubbed Libra. However, the social media giant’s efforts were quickly scalded by global regulators as the project received massive blowback. Facebook didn’t give up on its idea. Instead, the company decided to rebrand its two main products. Firstly, the […]

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Russia Classifies Digital Assets as Property, Highlights Risks & Scams in Market

Russia Classifies Digital Assets as Property, Highlights Risks & Scams in Market

Russian Prime Minister Mikhail Mishustin announced that Russia intends to classify digital financial assets as property. Not only will cryptocurrencies be subject to the same tax bracket in the future, but its holders can seek legal protection to protect their rights and interests pertaining to said assets. “This is a relatively new instrument, interest in […]

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Russia’s Prime Minister Wants To Lead Crypto Usage In a ‘Civilized Direction’

Russia’s Prime Minister Wants To Lead Crypto Usage In a ‘Civilized Direction’

Russia’s attempts to establish clear legislation on digital assets continue. During a recent meeting that was primary focused on the COVID-19 consequences on the country’s economy, Prime Minister Mikhail Mishustin made a few remarks on cryptocurrency regulations. Mishustin called them a “relatively new tool, the interest in which is constantly growing.” As such, he believes […]

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Coinbase Pro To Disable Margin Trading From December Citing CFTC Guidence

The Coinbase Chief Legal Officer Paul Grewal published a post earlier informing customers that the popular exchange will seize offering margin trading. Clients will not be able to place margin trading orders starting from 2 p.m. PT on November 25th, 2020. At the same time, the platform will cancel all open limit orders. The San […]

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US OCC Proposes Rule to Prevent Crypto Firms From Being Unfairly Denied Banking Services

US OCC Proposes Rule to Prevent Crypto Firms From Being Unfairly Denied Banking Services

Crypto-related businesses across the world regularly face red tape and unnecessary restrictions and these challenges make it doubly hard for firms to operate in any given jurisdiction. From being denied financial services with banks such as opening business accounts, or having to go through tedious, long-drawn processes to get the business licensed and more, it […]

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US Regulator Wants to Put an End to Unfair Practices Against Crypto Businesses

US Regulator Wants to Put an End to Unfair Practices Against Crypto Businesses

2020 was a tough year for crypto, but it seems like the last few months are trying to compensate hodlers for the bad times. And now, the Office of the Comptroller of the Currency is bringing more good news to the crypto space. A recent regulatory proposal issued by the OCC seeks to ensure that […]

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