Unveiling Who Controls Cryptocurrency
Cryptocurrency is a new and innovative technology. Since the Bitcoin whitepaper was released in 2008, the idea of cryptocurrency, what it is, why it is, and how it works, have spawned questions from new investors entering the space. One of the
Biden’s Crypto Executive Order
On Wednesday, President Joe Biden issued an executive order directing the federal government to begin developing policy for digital assets, including cryptocurrencies, that encourages innovation whilst reducing dangers to consumers, investors and the global financial system. The details of the executive
Secret Service Unveils Cryptocurrency Awareness Hub
The cryptocurrency market has significantly grown over the past year, with the U.S. now being one of the largest crypto economies globally. Amidst this growth, the regulatory framework is also shifting. U.S. authorities have been working their way into regulating this
EU Propose Ban on Proof-of-Work Cryptos
Lawmakers in Europe are planning to target crypto’s using proof-of-work mining, which could result in a ban on proof-of-work cryptocurrency mining across the 27 countries that make up the European Union. This move comes amid concerns over the associated energy
Bank of Russia Registers Country’s First Digital Asset Manager
Russia is one of the largest crypto economies globally. The country’s crypto regulatory framework has been in the “gray zone” for a long time, but a shift is now happening. The Bank of Russia has registered the first digital asset management company,
Former Thai SEC Chief Addresses Proposed Crypto Taxation
The former deputy secretary-general of the Thailand Security and Exchange Commission (SEC), Tipsuda Thavaramara, has addressed the issue surrounding cryptocurrency transactions in the country. Thavaramara noted that while the move to collect taxes from the cryptocurrency sector was good, several issues
Bank of Russia Blocks Mutual Funds From Offering Crypto Exposure
The Bank of Russia has remained skeptical about cryptocurrencies. The institution has now issued a statement regarding the investment opportunities available for mutual funds. According to Russia’s Central Bank, mutual funds have been banned from investing in digital assets such as
Hester Pierce Point Out Flaws in Gensler Regulatory Agenda
Hester Pierce, a U.S. Securities and Exchange Commission (SEC) Commissioner, has called out the SEC chair, Gary Gensler, over his newly released regulatory agenda. Pierce noted that the agenda failed to include features that will boost investor protection and help
Crypto CEOs Address Congress About Industry
The long-awaited meeting between the CEOs of top crypto companies and the U.S. House Financial Services Committee finally happened, raising various issues. At the center of these discussions was the issue of regulations in the industry. The discussion between the CEOs
Bank of England Says Bitcoin Too Volatile To Be Legal Tender
The use of Bitcoin is constantly evolving. Bitcoin is no longer just a speculative asset, it has seen adoption not only a reserve asset for businesses, but as legal tender for countries. El Salvador made headlines because it was the first