New Strides in Crypto-Asset Regulation | Morrison & Foerster LLP

New Strides in Crypto-Asset Regulation | Morrison & Foerster LLP

On November 23, 2021, the Office of the Comptroller of the Currency (OCC) released Interpretive Letter 1179 (the “Letter”), which is the culmination of a review of prior Interpretive Letters on cryptocurrency and related activities. The Letter sets forth a process that requires a notice and non-objection before a national bank or federal savings association … Read more

FTX releases crypto regulation proposals before US congressional hearing

FTX releases crypto regulation proposals before US congressional hearing

Bahamian-based cryptocurrency exchange FTX released a list of principles and proposals to help policymakers build the regulatory framework. The policy recommends the market-structure choices made by several leading crypto exchanges and suggests its implementation across all jurisdictions. FTX shared the “FTX’s Key Principles for Market Regulation” blog after Maxine Waters, the chair of the House Committee … Read more

Crypto regulation should take risk-based approach

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Over the past few years, regulators and policy-makers have grown increasingly focused on ensuring cryptoassets are adequately regulated. Acknowledging that the crypto economy is here to stay means crypto products, services and activities must be brought into the regulatory fold to ensure risks are adequately addressed and to avoid harm.Cryptoassets and their service providers tend … Read more

The Future of Crypto, Mass Adoption, and Regulation: Watch Webinar

The Future of Crypto, Mass Adoption, and Regulation: Watch Webinar

Cryptocurrencies and blockchain applications are pushing into the mainstream at a breakneck pace.  Clear regulations will play a key role in widening adoption and allowing innovation to continue.  Our webinar with 4 experts featured the importance of accessibility and clear regulation to crypto’s future. Only a few years ago, the idea of investing in cryptocurrencies was … Read more

Crypto Regulation Tucked Into Infrastructure Bill Raises Surveillance Concerns; Receivers Would Have To Collect Tax IDs on Transactions Over $10,000

Gavel over U.S. flag and Bitcoin showing crypto regulation in infrastructure bill

A little-known law from 1984, originally intended to discourage large cash transfers, has been repurposed as a crypto regulation and tucked into the massive US infrastructure bill. The new rule would require receivers of a crypto payment that totals at least $10,000 to collect and report the Social Security number or tax ID of the … Read more

Fed’s Waller casts doubt on stablecoin oversight proposals amid crypto regulation debate

Fed’s Waller casts doubt on stablecoin oversight proposals amid crypto regulation debate

Federal Reserve Governor Christopher Waller said on Wednesday that he disagreed with the Biden administration’s recommendations that only banks should be allowed to issue stablecoins.In a virtual speech Wednesday afternoon at the Financial Stability Conference at the Cleveland Federal Reserve, Waller said he is not opposed to stablecoins being regulated as banks, but that banks … Read more

Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals – Regulation Bitcoin News

Bank of England Governor Warns Crypto Is Providing Means of Payment for Criminals

Bank of England Governor Andrew Bailey has warned that crypto assets are providing another means of payment for people who want to conduct criminal activity. Bank of England Governor Andrew Bailey Sees Crypto Helping Criminal Activities The governor of the Bank of England, Andrew Bailey, said during an online question-and-answer session organized by the British … Read more

Russian crypto market worth $500B despite bad regulation, says exec

Russian crypto market worth $500B despite bad regulation, says exec

The Russian cryptocurrency market has grown to hundreds of billions of dollars despite the absence of sufficient cryptocurrency regulation, according to a major industry executive.Sergei Khitrov, founder of the Russian cryptocurrency event Blockchain Life, gave a keynote speech on the state of cryptocurrency regulation in Russia at the VII Blockchain Life Forum in Moscow on … Read more

Report – Regulation Bitcoin News

Indian Crypto Regulation Is Planned for February: Report

The Indian government is reportedly planning to introduce cryptocurrency regulation by the time of the next general Budget, which is in February next year. Instead of banning cryptocurrencies, like bitcoin, the government is likely to regulate crypto assets as commodities, according to reports. Indian Crypto Law Could Comes as Early as February The Indian government … Read more

JONES DAY TALKS®: Crypto and DeFi Regulation: It’s About to Get Serious | Jones Day

JONES DAY TALKS®: Crypto and DeFi Regulation: It's About to Get Serious | Jones Day

Cryptocurrencies and decentralized finance remain under scrutiny from federal agencies and commissions. The acting Comptroller of the Currency has publicly stated that cryptocurrencies and decentralized finance may be evolving into serious threats to the financial system, much like the way certain financial derivatives prompted serious concerns and a near collapse back in 2008. Clearly, serious … Read more

Altcoins, Regulation, and Opportunities Ahead

Altcoins, Regulation, and Opportunities Ahead

Cryptocurrencies continue to advance from the fringes into the mainstream of global finance and investing.But for the uninitiated, crypto investing is a complicated minefield. And even for those who are familiar, the legitimacy of the various options out there is a major concern. That’s where regulation comes in, both as a green light that could … Read more

Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector – Regulation Bitcoin News

Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector

The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies. Regulators Accused of Failure to Take Russian Crypto Market Out of Shadow Russian … Read more

Thai Prime Minister Cautions Investors Getting Into Crypto as Interest in Digital Assets Soars – Regulation Bitcoin News

Thai Prime Minister Cautions Investors Getting Into Crypto as Interest in Digital Assets Soars

The prime minister of Thailand has cautioned investors getting into cryptocurrencies, noting that they are volatile and highly speculative. Recently, interest in cryptocurrencies has soared as young investors in the country discovered that they could make money quickly by investing in cryptocurrencies. Thai Prime Minister Warns About Crypto Investing Ratchada Thanadirek, deputy spokeswoman for the … Read more

Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations – Regulation Bitcoin News

Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations

The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to Investments … Read more

Mark Cuban compares the crypto boom to the dot-com bubble, defends Robinhood, and calls for stablecoin regulation in a new interview. Here are the 10 best quotes. | Currency News | Financial and Business News

mark cuban

Mark Cuban. Steve Jennings/Getty Images Mark Cuban praised cryptocurrencies and Robinhood for encouraging young people to invest. The “Shark Tank” star compared bitcoin to gold, and called for stablecoins to be regulated. The billionaire advised parents to join TikTok and YouTube to understand how children learn today. Mark Cuban praised cryptocurrencies for enticing young people … Read more

We need smart regulation to unlock the true potential of crypto assets

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Regulation of crypto assets such as bitcoin and ethereum is a hot topic globally. Countries are in various stages of banning, un-banning, re-banning and regulating crypto assets. We may take some cues from other countries, but what we need is smart regulation that’s made in India. To understand why, let’s take one oft touted benefit … Read more

Coinbase Publishes Proposal for Crypto Regulation Pushing 4 Core Recommendations – Regulation Bitcoin News

Coinbase Publishes Proposal for Crypto Regulation Pushing 4 Core Recommendations

Cryptocurrency exchange Coinbase has published its proposal for crypto regulation after “more than 75 meetings with stakeholders in government, industry, and academia,” CEO Brian Armstrong revealed. In its Digital Asset Policy Proposal, the company recommends “four core pillars to inform future U.S. regulation.” Coinbase’s Proposal for Crypto Regulation The Nasdaq-listed cryptocurrency exchange Coinbase published its … Read more

Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations – Regulation Bitcoin News

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, … Read more