Tag: Regulation News

South Korea: Crypto Legislation to Induct Virtual Currencies into System Supervision

The latest update in South Korea’s crypto landscape saw the South Korean financial regulatory authorities propose legislative measures on virtual currencies by inducting it under system supervision like other financial industries, such as banking and insurance. Furthermore, the authorities have defined the rights and responsibilities of crypto assets, levying “undue profits” from crypto trading via […]

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US Federal Agencies Demand Stablecoin Oversight Powers; Here’s Why

The US Federal agencies have demanded more power to crack down on the stablecoin market as they believe it could potentially destabilize the current financial system. The President’s Working Group along with major financial regulators published a new report on Stablecoins urged Congress to regulate stablecoin issuers similar to banks. The official report read, “The […]

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Breaking: China May Set Up CBDC Exchange to Push Digital Yuan Use

The latest update in China’s financial ecosystem saw the authorities make yet another attempt to push its Digital Yuan’s use, this time around by setting up a digital asset exchange in Beijing. According to Bloomberg, the guidelines issued by the State Council point towards Beijing’s plans to look into establishing a bourse aka exchange for […]

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Hillary Clinton Claims China and Russia Could Manipulate Crypto, Here’s Why She is Wrong Again!

Hillary Clinton, the former first lady, and secretary of the state has come out to sound another harsh warning against the crypto market. In a recent interview with CNBC, Clinton claimed that the cryptocurrency market can be manipulated by China and Russia and therefore the US regulators must be wary of it and regulate the […]

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Former Indian Central Bank Governor has Made This Bold Claim About Crypto Market

The Indian crypto ecosystem is standing at a crucial juncture as the government is all set to introduce the much-awaited cryptocurrency bill in the parliament during the upcoming winter session. At a time when the crypto market is discussing the next move of the government, former central bank governor Raghuram Rajan has made a bold […]

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Bank of Russia proposes Legal Liability on illicit operations with Crypto

Russia’s financial regulators are sticking by their long-standing anti-crypto stance, this time around by pushing the proposal to introduce liability for illegal use of crypto. Last week, in its document with the subject, “Main Directions for Financial Market Development of the Russian Federation”, the Russian Bank proposed manifold economic changes for the period until 2024, […]

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XRP Lawsuit: SEC Denial of Former Comments on Ether is Not Sitting Well with XRP Community

The latest update in the ongoing social media battle fought by the XRP community, regarding the XRP lawsuit, recently saw the community unite to criticize the SEC for an emailed reply from the commission that has been leaked on Twitter. According to the screenshot of the email, the SEC claims that they never made any […]

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OCC Issues Regulatory Clarity For Banks, Here’s How It Aligns With International Regulations

The Office of the Comptroller of the Currency (OCC) has today published a clarifying letter to banks and federal savings associations. As stated in the letter, these concerned parties must demonstrate that they have absolute controls before engaging in any crypto-based activities. Regulatory Clarity For Banks Speaking about the regulatory clarity, the Acting Comptroller of […]

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eToro Set to Limit Cardano (ADA) For US Customers, Here’s How Hoskinson Reacted

eToro, a social trading platform that also offers support for crypto trading announced it will be limiting the liquidity for Cardano (ADA) and Tron (TRX) tokens for US customers fearing regulatory action. The official announcement noted that US customers would no longer be able to open any new positions for the two coins starting from […]

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Indian Crypto Bill: Is the Government Set For a “Private” Crypto Ban or Just a FUD?

The much-awaited cryptocurrency bill in India is set to be tabled during the upcoming winter session of the parliament and it has already created a lot of FUD as the first snapshot of the bill went public. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 is among the 26 bills scheduled to get […]

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