Crypto Regulation News
Crypto Regulation News
Credit card giant Visa announced it is connecting its global payments network of 60 million merchants to the U.S. Dollar Coin (USDC) developed by Circle Internet Financial on the ethereum blockchain. The digital currency is now valued at $2.9 billion.
A group of U.S. Representatives has unveiled a new piece of stablecoin-focused legislation called the Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act.
Alongside other actions, the CFTC was pleased with its seven enforcement actions in the crypto market.
President-elect Joe Biden has confirmed the nomination of former Federal Reserve Chair Janet Yellen as the next Secretary of the U.S. Treasury Department.
The IRS is weighing different approaches to crypto taxation, says the Treasury official.
The head of the US Securities and Exchange Commission, Jay Clayton, is giving Bitcoin a final boost as he prepares to leave the agency.
Biden should integrate Bitcoin into US financial system, says Niall Ferguson.
John Ratcliffe, the US Director of National Intelligence, has reportedly penned a letter to the SEC expressing concern about China’s control over Bitcoin and crypto.
Coinbase CEO Brian Armstrong is warning crypto asset owners about legislation cracking down on self-hosted crypto wallets that may be hastily introduced in the Trump administration’s final days.
US senator-elect and former Wyoming state treasurer Cynthia Lummis says states should lead the way in creating policies that allow Bitcoin to function the way it was designed.
US government labels Virgil Griffith’s argument to dismiss sanctions charges ‘absurd’.
OECD tax director says international crypto tax standards are coming in 2021.
Facebook’s Libra rebrands to Diem, hoping to shake off associations.
Libra cryptocurrency is finally nearing its launch date, which could be as soon as January 2021, according to the Financial Times.
BIS report suggests ‘embedded‘ monitoring tool for stablecoins.
Coinbase to discontinue margin trading services due to regulatory concerns.
European central bankers predict that the digital euro is at least five years away.
After January 10, UK crypto firms not registered with the FCA won’t be able to operate. Only three firms have made it on the list so far.
The Lithuanian State Tax Inspectorate exchanged Bitcoin, Ether and Monero for 6.4 million euro.
The Block Research analyses of the current regulatory frameworks for cryptocurrency businesses and taxation relating to cryptocurrencies in Japan.
South Korea to delay new tax regime on cryptocurrencies until 2022.
Authorities shut off electricity to Bitcoin miners in China’s Yunnan province.
Russia’s Sberbank plans release of its own crypto token, the ‘Sbercoin’.
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency.
UAE, Saudi Arabian central banks release report on Project Aber CBDC trial.
Nigeria is establishing a framework for widescale crypto adoption.
The Venezuelan army turns to crypto mining as the country’s economy collapses.
Justice Department extradites alleged BTC mining Ponzi operator from Panama.
Australian government embraces blockchain with a new trial and public servants’ network.
New, small-scale research from Xangle takes a look at investors’ reflections on their initial coin offering investments between 2017 and fall 2020.