The governor of the Central Bank of Nigeria has seemingly softened his stance on crypto for individuals, if not banks. Godwin Emefiele, governor of Nigeria’s central bank which previously banned banks from servicing crypto exchanges, has reportedly clarified the bank’s position on the use of cryptocurrencies in the country. According to local news outlet TodayNG,…
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“If you exchange crypto for any other asset, you immediately recognize a capital gain or loss,” said Robert Frank. Tax season is almost upon crypto users based in the United States, and even if they plan on keeping their assets digital, nonfungible token — or NFT — buyers might not get off scot-free. According to…
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“I wanted to have something that stood out and showed people that we embraced Bitcoin as a solution for a revolution,” said the party chairman. Robert Valentine, chairman of the Libertarian Party in the Netherlands, has erected a number of pro-crypto billboards in advance of an election later this week. In an image shared on…
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No blanket ban on the horizon, with an open “window” for experimentation in India, says Nirmala Sitharaman. Yet another “crypto ban” turns out to be temporary FUD. In an interview with CNBC this morning, Indian Finance Minister Nirmala Sitharaman said that reports of a blanket ban on cryptocurrencies are overstated. While negotiations are ongoing, she…
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The new service will tailor to companies offering retail investors exposure to cryptoassets through traditional investment channels Being your own bank isn’t for everyone — and that includes companies and fund managers looking to issue cryptocurrency investment vehicles. Cryptocurrency exchange and custodial services provider Gemini announced today the launch of a new service tailored specifically…
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Letitia James said her office was “sending a clear message to the entire industry.” New York Attorney General Letitia James is advising members of the crypto industry and investors to stay vigilant against participating in or becoming a victim of illegal activities. According to the New York Attorney General’s office, James issued an alert to…
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Jerome Powell added that the Federal Reserve needs to consider the health of other markets when creating a digital currency. Federal Reserve hair Jerome Powell said 2021 will likely have the central bank engaging with the public and lawmakers regarding the digital dollar. In a House Financial Services Committee hearing today, Powell responded to questions…
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“A Federal Reserve operational error resulted in disruption of service in several business lines,” said Jim Strader from the Richmond Fed. UPDATED 3:20 PM EST: This article has been updated to reflect that all Federal Reserve Bank Services with the exception of Account Services are now back online. Nearly all of the services available through the Federal…
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She still questioned how regulators would “manage money laundering and illicit finance issues” with digital currencies. Janet Yellen may be open to having United States regulators consider a digital currency, but she still seems to have strong concerns about Bitcoin (BTC). In an interview for The New York Times’ DealBook DC Policy Project held on…
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“I think the probability of an ETF has gone up,” said Cathie Wood Ark Investment Management founder and CEO Cathie Wood said the likelihood that U.S. regulators will approve a Bitcoin exchange-traded fund has gone up under the Biden administration. In an interview with CNBC’s Bob Pisani today, Wood said there were two signs that…
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