Regulations

The Biden administration is reportedly working on an executive order emphasizing potential economic, regulatory, and national security challenges that cryptocurrencies might pose in the future.A comprehensive order with the support of…

Russia’s apex bank plan to impose a blanket ban on crypto activities like trading and mining has been met with stiff resistance from opposition members and the country’s tech community.Last week, the Russian Central Bank released a report…

Top crypto exchange Binance is reportedly maintaining weak know-your-customer (KYC) compliance standards despite warnings from senior figures at the company, according to Reuters. In a new special report, the news service breaks…

The Federal Reserve has released its anticipated report on the feasibility of issuing a central bank digital currency (CBDC) in the United States. The Fed says the report serves as the first step to discussing the pros and cons of…

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler says he wants to bring crypto exchanges under the umbrella of regulation this year. Gensler says in a new virtual press conference that he hopes crypto exchanges…

Moscow could soon crackdown on cryptocurrency operations in the country, as Russia’s central bank released a damning 36-page proposal earlier this Thursday.Stating investor protection, financial stability and environmental concerns, the…

America’s oldest bank is eager to capitalize on the cryptocurrency revolution but remains concerned that the government still has not provided regulatory clarity. According to a new Bloomberg report, Bank of New York Mellon…

In a bid to restrict misleading ads concerning cryptocurrency, the UK Treasury on Tuesday announced its plans to regulate cryptocurrency advertisements as other financial products and ensure that the ads concerning crypto adhere to proper…

Ernst & Young, one of the world’s leading accounting institutions, says that financial services firms must learn how to navigate the regulatory issues in the crypto markets to remain competitive. In a new wide-ranging report…

The U.S. Office of the Comptroller of the Currency (OCC) says that federal authorities must cooperate in order to properly regulate the crypto industry. In a recent speech, Acting Comptroller of Currency Michael Hsu says that as…

Authorities in Singapore have stepped up their regulatory oversight of the crypto industry, with new guidelines prohibiting crypto service providers from promoting their services and products to the public.Singapore bars public crypto…

According to local news outlet Dawn, Pakistani Federal Investigations Agency’s (FIA) director-general, Dr. Sanaullah Abbasi stated on Saturday that the agency will approach the Pakistan Telecommunication Agency (PTA) to block cryptocurrency…

Financial services giant Fidelity says that more nations will buy Bitcoin (BTC) this year to remain competitive. In a new report, strategists at the firm say that a high-stakes form of game theory is in play and countries who don’t…

Inflation is on the rise in many parts of the world. On Wednesday, The U.S. Federal Reserve reported a CPI inflation of 7.0% for December. Following this trend, the inflation rate of the Swedish krona SEK rose to 4.1% in December, a strong…

Legislators in the US are set to hold another crypto hearing with both in-person and virtual attendance. The House’s Energy and Commerce Oversight and Investigations Subcommittee plans to hold a hearing next week titled “Cleaning…

China’s crackdown on Proof-of-Work mining last year tested the security of the Bitcoin network and showed that it was far more resilient than once thought.Analysts expected that it would take more than a year for Bitcoin’s hash rate to…

A US Representative is introducing a bill that would prevent the Federal Reserve from issuing government-backed crypto assets directly to individuals. Congressman Tom Emmer of Minnesota says that the Federal Reserve issuing a…

U.S. Federal Reserve chair Jerome Powell says that the government’s report on digital currencies, which was supposed to be released last year, will come out in the next few weeks. In July, Powell said that Fed officials would…

The International Monetary Fund (IMF) is issuing a warning to investors that a growing link between crypto assets and the stock market may pose a risk to the financial system. In a new report, the IMF says that the rising…

The December Consumer Price Index (CPI) in the U.S. rose to 7.0 percent year-over-year, according to the latest inflation report from the U.S. Labor Department’s Bureau of Labor Statistics (BLS) on Wednesday.CPI is the most widely used…