Innovation sandboxes, applying existing frameworks on crypto, and communication between the public and private sectors were included in Ripple’s suggestions. Ripple, the company whose executives have often criticized the United States’ seeming lack of regulatory clarity on the cryptocurrency industry, has outlined its own “pragmatic” framework. In a Tuesday post on its website, Ripple released…
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Changpeng Zhao (CZ), CEO of major crypto exchange Binance, said that the firm aims to set up headquarters and regional offices around the globe in a move to shift away from a “technology company to a financial services company.” Along those lines, the exchange published a ‘crypto bill of rights’…. Read More: Binance Releases Bill…
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The latest meeting – that had India’s parliamentary standing committee on finance discussing crypto-related issues with the industry’s representatives for the first time – saw the lawmakers concluding that it was impossible for the authorities to stop the crypto sector’s growth in the country, but also that cryptocurrencies need to be regulated. … Read More: Crypto…
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Crypto advocates have vowed to keep fighting the controversial Infrastructure Investment and Jobs Act despite the fact that the United States President Joe Biden signed the act into law on Monday, leaving much-maligned “digital asset broker” status clauses intact…. Read More: US Infra Act: Cryptoverse Says the Fight Isn’t Over, But Things Could Get ‘Messy’…
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Indian Prime Minister Narendra Modi has reportedly chaired a comprehensive meeting on cryptocurrency and related issues in India. The meeting was an outcome of a consultative process involving the central bank, the Reserve Bank of India (RBI), the Ministry of Finance, and the Home Ministry. PM Modi Chairs Crypto Meeting India’s Prime Minister Narendra Modi…
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The crypto market saw heavy selling across the board today in a deleveraging event that followed the signing of a new infrastructure bill that targets crypto users in the US, and signals from Twitter that the company is not looking to buy bitcoin (BTC) at the moment…. Read More: Overleveraged Traders Flushed Out, ‘Bullish Market…
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David Raper and Garry Duursma will be joining the advisory board at Australia’s largest crypto exchange, BTC Markets. Australia’s largest digital assets exchange, BTC Markets, has announced it will be adding two new senior additions to its Advisory Board, David Raper and Garry Duursma. BTC Markets has 325 thousand Australian clients, who have traded over…
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Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at a rapid rate. He urges regulators to take action now. Bank of…
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Crypto was absent from every speaker’s lips during the signing ceremony, with bipartisanship and jobs seeming to be the theme of the afternoon. After months of scrutiny from both the United States Senate and House of Representatives, the infrastructure bill — criticized by many crypto advocates — is now officially the law of the land.…
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India’s parliamentary committee on finance has held a meeting with representatives from the crypto industry and other stakeholders on cryptocurrency and its oversight. “There was an understanding that cryptocurrency can’t be stopped but it must be regulated” and “There was a consensus that a regulatory mechanism should be put in place to regulate cryptocurrency.” First…
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