Sam Bankman-Fried said there will be increased crypto regulation in 2022. Economic expert Michael Braml said it will put pressure on the market and bitcoin’s price. Crypto analyst Timo Emden also told Insider that full regulation remains essential. The ten largest cryptocurrencies are currently worth more than $1.5 trillion. They’re slowly but steadily entering the … Read more
Tighter government crypto regulations would actually be a positive catalyst for bitcoin, MicroStrategy co-founder and CEO Michael Saylor told CNBC on Wednesday.”Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and accelerate institutional adoption of that asset,” Saylor said on “Squawk on the Street,” stressing as a major bitcoin believer and holder … Read more
What will President Biden say about Bitcoin and digital assets? It’s hard to find his comments on … [+] it. But next month, the market will know exactly what he thinks about it. KMR Images How real is the threat of regulatory overreach and higher taxation for Bitcoin? If powerful Western governments want to knock … Read more
Blockchain & Cryptocurrency , Cryptocurrency Fraud , Fraud Management & Cybercrime Growing Interest in Trillion-Dollar Crypto Trading Presents Problems for Security Devon Warren-Kachelein (devawarren) • January 15, 2022 U.S. Office of the Comptroller of the Currency, Acting Chief Michael Hsu (Source: OCC.gov) U.S. Office of the Comptroller of the Currency Acting Chief Michael … Read more
The GAO’s findings that crypto-enabled crime is rising are at odds with a new report from crypto research firm Chainalysis, which found that although crypto crime is increasing by volume, it reached an all-time low as a percentage of all blockchain transactions in 2021. In other words, as cryptocurrencies has become more mainstream, crypto crime … Read more
Cryptocurrency companies have put forth several proposals for regulating cryptocurrency, ranging from making exchanges responsible for any money laundering or other regulatory concerns to differentiating between different exchanges based on their net worth and technology. In a spate of recent meetings between some crypto exchanges, their advisors and government officials, exchanges also said they are … Read more
Bitcoin, the largest cryptocurrency by market value that was considered by many to be a niche asset not long ago, has leapfrogged into the mainstream in 2021, with a market cap of around US$1 trillion, joining the ranks of Tesla, Amazon and Alphabet (Google). The rising popularity of cryptocurrencies such as Bitcoin, Ethereum and stablecoins … Read more
The road ahead for cryptocurrency regulation is a long and winding one. But some common themes are emerging from the din of voices calling for frameworks and guardrails, for the industry at large, and for holdings like bitcoin and stablecoins. There’s the President’s Working Group on Financial Markets, which brings together a wide-ranging roster of … Read more
Notabene, a New York, NY-based crypto compliance SaaS startup, has raised $10.2 million in a Series A funding round co-led by F-Prime Capital and Jump Capital. The latest investment brings Notabene’s valuation to $45 million. New investors include crypto exchanges Luno and Bitso, who were Notabene’s customers prior to the fundraise, as well as the … Read more
Australian Senator for New South Wales Andrew Bragg has asserted that robust regulations would “bring credibility and validity” to the country’s emerging digital asset sector.Speaking to local publication Finder on November 2, the chairperson of the Senate Committee on Australia as a Technology and Financial Centre, commented that the country’s crypto sector has shown a … Read more
Major players in the crypto industry want favorable regulations, and they’re actively explaining their own visions.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeThere’s a growing push from the crypto industry to suggest how regulators can approach this rapidly-growing … Read more
Hong Kong, one of the most significant and leading financial centers in the world, has played a large role in the development of cryptocurrencies. For instance, the Chinese territory has birthed some of the most established and successful crypto companies to date including the crypto derivatives exchange FTX, along with the digital asset platform Crypto.com. Yet, … Read more
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
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