Tag: Regulation

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Crypto Is Driven by Extraordinary Consumer and Investor Demand, Says Australian Regulator

November 24, 2021

The chairman of Australia’s Securities and Investments Commission (ASIC) says crypto is “being driven by extraordinary consumer and investor demand,” noting that “The implications for consumers are potentially huge.” The securities regulator is currently working with lawmakers to develop rules for cryptocurrencies. Regulator Sees ‘Extraordinary Consumer and Investor Demand’ for Crypto Australian Securities and Investments…
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Ripple Expects SEC Lawsuit Over XRP to Conclude Next Year, CEO Says ‘We’re Seeing Pretty Good Progress’

November 24, 2021

Ripple CEO Brad Garlinghouse says that he expects the lawsuit over XRP by the U.S. Securities and Exchange Commission (SEC) to come to a conclusion next year. The executive explained: “We’re seeing pretty good progress despite a slow-moving judicial process.” Ripple’s CEO Is Hopeful the SEC’s Lawsuit Over XRP Will Conclude Next Year Ripple CEO…
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American Crypto Bosses Face Congress Committee Grilling in December

November 23, 2021

“Several crypto CEOs” will be summoned to speak at a parliamentary hearing in the United States next month, according to the Blockchain Association, an industry group representing many of the nation’s top players. In a series of tweets from the association’s Director of Government Relations Ron Hammond, the CEOs will speak at a “big hearing”…
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US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair

November 23, 2021

“The idea of having a tokenized dollar that is capable of being exchanged on a peer-to-peer basis on a platform where developers can innovate and develop new products and services… I think there’s a strong case for that,” said Pat Toomey. Pennsylvania Senator Pat Toomey, one of the lawmakers who supported amending the language around…
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ECB Publishes New Oversight Framework, Set to Include Stablecoins

November 23, 2021

The European Central Bank (ECB) has published a new oversight model for the PISA framework that covers electronic payment instruments, schemes and arrangements, aiming to introduce more safety and efficiency into the current and future payments ecosystem. The latest move complements the European Union’s forthcoming regulations on crypto assets, including stablecoins, and international standards for…
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Indian parliament’s agenda for winter session includes bill on banning ‘private cryptocurrencies’

November 23, 2021

The Cryptocurrency and Regulation of Official Digital Currency Bill is one of 26 new pieces of legislation for India’s lower house of parliament to consider when it convenes next Monday. The Indian government will be considering a bill that would create a digital rupee starting as early as next week, but may also ban certain…
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Eurosystem Approves New Oversight Framework Concerning Crypto Services

November 23, 2021

The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure and Efficient Digital Payments Through Improved Oversight Following public consultations on the matter,…
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IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement

November 23, 2021

The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds. IMF Says El Salvador Shouldn’t Use…
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Ripple Makes ‘Good Progress’ in Legal Row With SEC, Says Brad Garlinghouse

November 23, 2021

US blockchain company Ripple is making “good progress” in its efforts to resolve its legal conflict with the US Securities and Exchange Commission (SEC), hoping to end the row in 2022, according to the chief executive. Brad Garlinghouse, CEO of Ripple, said that the legal case, which is centered on the firm’s XRP token, is moving…
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