“This will not be the last time — the U.S. government will continue to aggressively pursue the entire ransomware ecosystem and increase our nation’s resilience to cyber threats,” said Attorney General Merrick Garland. The United States Department of the Treasury has announced it will impose sanctions on the cryptocurrency exchange Chatex and its support network…
Read more
The regulator singled out Binance and Tether as allegedly risky players in the blockchain space. In remarks given at the American Fintech Council’s 2021 Policy Summit, acting Comptroller of the Currency Michael J. Hsu called for greater regulation of universal crypto firms. “Large, universal crypto firms—especially issuers of highly-circulated stablecoins—should embrace comprehensive, consolidated supervision. At…
Read more
The leading crypto industry association in Iran has slammed authorities for their passive stance regarding crypto regulation. The government’s inaction is a source of concern, the organization said, offering its assistance to regulators whom it considers not sufficiently qualified to deal with the complex issue.
Blockchain Association Proposes Public-Private Partnership on Crypto Rules in…
Read more
The bipartisan pair sent a letter to the securities regulator demanding spot ETF approval. Congressmen Todd Emmer and Darren Soto sent a bipartisan letter to Securities & Exchange Commission Chair Gary Gensler on Wednesday, strongly questioning why the agency has denied approval for the creation of a Bitcoin spot ETF while allowing Bitcoin Futures ETFs…
Read more
The proposal, called the ACCEPT Resolution, would apply to gift shops, vending machines and restaurants. United States Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol Complex. The resolution, titled Adopting Cryptocurrency…
Read more
Lawmakers reportedly plan to use the extra revenue for “priority programs,” including paying down the national debt and responding to the pandemic. The Laos government’s pilot project to explore cryptocurrency mining and trading is expected to bring in roughly $194 million towards the country’s total domestic revenue projected for 2022. According to a Nov. 2…
Read more
The mayor said he would prefer to use an app like Bitwage or Strike rather than having the local government convert his fiat paycheck into crypto. Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take his next paycheck in Bitcoin. In a Tuesday Twitter post, Suarez…
Read more
The conversation occurred at a banking committee meeting with Consumer Protections director Rohit Chopra. U.S. Senator Bill Hagerty (R-VA), who was elected in 2020 to represent Tennessee after a stint as Ambassador to Japan, spoke to newly appointed Consumer Financial Protection Bureau Director Rohit Chopra regarding cryptocurrencies in a banking committee hearing, saying “I just…
Read more
The Australian securities regulator decided not to require crypto ETF providers to hold domestic crypto custody. The Australia Securities and Investments Commission (ASIC) has issued its response to public consultation on cryptocurrency exchange-traded products (ETPs) alongside fresh industry guidance. On Oct. 29, the regulator released a set of regulatory requirements for funds looking to offer crypto…
Read more
Many crypto exchanges with Russian roots have fled the country or operate illegally, Blockchain Life’s founder said. 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 and Listing.Help, gave…
Read more
