Tag: Regulation

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Hillary Clinton Calls on Biden Administration to Regulate Cryptocurrency — Warns of Manipulation by Russia, China

Former presidential candidate Hillary Clinton has called on the Biden administration to regulate the cryptocurrency markets. She warned that countries like Russia or China, as well as nonstate actors, could manipulate all kinds of technology to their advantage and destabilize countries as well as the dollar as the world’s reserve currency. Hillary Clinton Stresses the…
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South Korean Draft Law Calls for Life Sentences for Crypto Market Manipulators

The South Korean government has unveiled a new draft crypto law that includes strict punishment for token market manipulation-related offenses – proposing massive fines and hefty jail sentences for offenders…. Read More: South Korean Draft Law Calls for Life Sentences for Crypto Market Manipulators  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets

The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal liability for some operations with digital assets which it considers illegal. Central Bank of Russia Aims to Prevent Circulation of Decentralized Currencies Cryptocurrencies in the…
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India Lists Cryptocurrency Bill to Be Taken up in Parliament — Crypto Legislation Expected Before Year-End

The government of India has listed a cryptocurrency bill to be taken up in the upcoming session of parliament that starts next week. The bill seeks to prohibit cryptocurrencies with some exceptions. It will also create a facilitative framework for a digital rupee to be issued by the Reserve Bank of India (RBI). Indian Government…
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India Lists Cryptocurrency Bill to Be Taken up Parliament — Crypto Legislation Expected Before Year-End

The government of India has listed a cryptocurrency bill to be taken up in the upcoming session of parliament that starts next week. The bill seeks to prohibit cryptocurrencies with some exceptions. It will also create a facilitative framework for a digital rupee to be issued by the Reserve Bank of India (RBI). Indian Government…
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Cardano and Tron Fall as eToro Restricts Access for US Users

The Israel-based trading platform eToro announced on Tuesday that it will restrict access to the two cryptocurrencies cardano (ADA) and tron (TRX) for users in the United States. The price of both tokens fell sharply in the market following the news. “US users will not be able to open new ADA or TRX positions starting…
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Ripple Partners With Republic of Palau, 74 Japanese Firms to Issue a Digital Yen + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________  … Read More: Ripple Partners With Republic of Palau, 74 Japanese Firms to Issue a Digital Yen + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing

The senator said he had “significant concerns with the non-standardized terms applicable to redemption of particular stablecoins” in separate letters to eight crypto firms. Sherrod Brown, the chair of the Senate Committee on Banking, Housing and Urban Affairs, has called on several crypto firms to release information related to consumer and investor protection on stablecoins.…
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US Senate Demands Answers From Stablecoin Issuers, Expresses ‘Concerns’

Stablecoins are in for another battering at the hands of the United States policymakers – with the Senate now getting in on the act: a committee chief has expressed “significant concerns” about the “consistency” of the terminology used to audit them…. Read More: US Senate Demands Answers From Stablecoin Issuers, Expresses ‘Concerns’  Read more »Pay,…
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India’s Soap Opera Continues: CBDC Plan, ‘Private Crypto’ Ban, Some Trading Maybe

Adding to the uncertainties surrounding the future of cryptocurrencies in India, the country’s government has released a description of a forthcoming legislative proposal that would prohibit private crypto and would allow the Reserve Bank of India (RBI), the country’s central bank, to create its central bank digital currency (CBDC). Also, some crypto trading may be…
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