Tag: Regulation

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Venezuela’s Anti-Corruption Investigation Rocks Cryptocurrency Industry: Exchanges and Mining Farms Shut Down

Venezuelan crypto companies have reportedly been ordered to shut down over the past few days, following the President’s order to restructure the country’s crypto regulatory agency.  Exchanges and mining companies seem to have been a casualty of an investigation that resulted in the arrest of 21 individuals…. Read More: Venezuela’s Anti-Corruption Investigation Rocks Cryptocurrency Industry:…
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US Lawmaker Introduces Bill to Affirm Blockchain Developers and Non-Custodial Services Are Not Money Transmitters

A U.S. lawmaker has introduced the Blockchain Regulatory Certainty Act to ensure that developers and non-custodial service providers in the crypto space are not considered money transmitters and are not subject to the same level of regulation as custodial cryptocurrency exchanges. “The longer we delay providing this commonsense clarification, the greater risk that this transformative…
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US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner

U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. The loans were also used to purchase bitcoin from a New York-based cryptocurrency exchange, said the U.S. Department of Justice (DOJ). Coindawg’s Crypto ATMs…
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A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08 for every dollar deposited by customers. Although there…
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Harneys Lawyers: How to Apply for a BVI VASP Licence

Maggie Kwok, Aki Corsoni-Husain, and Mirza Manraj are lawyers at the global offshore law firm Harneys and experts in digital asset regulation.__________… Read More: Harneys Lawyers: How to Apply for a BVI VASP Licence  Read more »Sign up for e-EUR – the progressive stablecoin

80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says

Hong Kong’s Secretary for Financial Services and Treasury has revealed that more than 80 crypto companies have expressed interest in establishing a presence in Hong Kong. They include companies across mainland China, Canada, European Union countries, Singapore, the U.K., and the U.S. “We attach great importance to virtual asset (VA) and Web3,” said the government…
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Russian Lawmakers ‘to Roll Out Crypto Legislation in April’ – But Not Everyone’s Happy About It

Russian lawmakers say that long-awaited crypto legislation will be ready for debate in parliament next month – although critics have raised concerns. Per Finam, Anatoly Aksakov, the Chairman of the State Duma’s committee on the financial markets, stated that the “regulation of cryptocurrencies” would be “adopted in April.”… Read More: Russian Lawmakers ‘to Roll Out…
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Bitcoin bulls remain bullish, but macro and crypto-specific hurdles have BTC pinned below $30K

All the pieces are in place for BTC to rally to $30,000, but escalating economic uncertainty and regulatory pressure add strength to the key resistance level. On March 23, Bitcoin (BTC) price recovered the $28,000 support after a brief correction below $27,000. The movement closely tracked the traditional financial sector, particularly the tech-heavy Nasdaq Index,…
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SEC Warns Investors to Exercise Caution When Investing in Crypto Securities – Clampdown Incoming?

The Securities and Exchange Commission (SEC) has warned investors of an alleged danger posed by crypto assets, saying those offering such investments may not comply with US securities laws. The warning, published on the SEC’s Investor.gov website on Thursday this week, said the risk of loss for individuals who invest in crypto “remains significant,” and…
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Exclusive Interview: Tether Co-Founder Says FTX Collapse Set Industry Back, But This One Event Could Cause a 75% Crash

When it comes to the world of cryptocurrency, few names are as well-known as William Quigley.  As the co-founder of Tether and CEO of WAX, he has played a pivotal role in shaping the industry and driving its growth.  Recently, Cryptonews had the opportunity to sit down with Mr. Quigley to discuss some of the…
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