A controversial bill to ban the use of cash for transactions over $10,000 has been voted out by the Australian Senate A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous senate vote. One Nation Senator Malcolm Roberts brought the motion to remove…
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“I do think there are some issues that crypto raises that are not neatly solved by our existing securities laws,” said the SEC commissioner. Hester Peirce, commissioner for the United States Securities and Exchange Commission and best known by the affectionate nickname “Crypto Mom,” says the regulator may not be able to get by if…
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“For all the reasons it’s a strong developing asset class, it may fail,” said the former Goldman Sachs president. Gary Cohn, the former president of Goldman Sachs and former chief economic adviser to Donald Trump, believes that Bitcoin may not hold long-term prospects for investors. In an interview with Bloomberg released today, Cohn said that…
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The economic historian said that President-elect Biden’s administration should consider Bitcoin as an alternative to a “Chinese-style digital dollar.” British economic and financial historian Niall Ferguson said the United States needs to find its own path in adopting cryptocurrencies, rather than “building [its] own versions of China’s electronic payments systems.” In a Bloomberg opinion piece,…
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The former CFTC chairman is currently working as a financial advisor for the Biden-Harris transition team. With 55 days until his inauguration as President of the United States, Joe Biden is reportedly considering the former chairman of the Commodity Futures Trading Commission for a permanent position in his administration. According to a Nov. 25 report…
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“This proposal, if adopted, would prove to be an invasion of privacy.” Since the United States Federal Reserve and the Financial Crimes Enforcement Network opened for public comment a proposed rule to acquire more information on smaller international transactions, many crypto users have labeled the measure an invasion of privacy. On Oct. 23, the regulatory…
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Government lawyers implied that citizens could legally pass along nuclear secrets to North Korea if held to the same standards as Griffith. Lawyers representing the United States government have filed a legal memo opposing the dismissal of charges for Virgil Griffith, a former Ethereum Foundation researcher accused of conspiring to violate U.S. sanctions against the…
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Analysts make a slew of wild predictions as Bitcoin continues its moon mission in this week’s Bad Crypto podcast Bitcoin continues to move through the gears. The currency is up more than 12 percent over the week and is now playing with the $18,000 mark. And it’s not just the US dollar that Bitcoin is…
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The letter states the regulatory agency “will not recommend enforcement action” against a platform issuing a digital currency capable of being converted to fiat. The U.S. Securities and Exchange Commission, or SEC, has issued a rare no-action letter in response to a request from a blockchain-backed platform over the issuance of a digital asset. The…
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The settlement with the SEC came after the three were charged in September for their participation in “unregistered and fraudulent” ICOs. Three associates of Clifford Joseph Harris Jr., a rapper also known as T.I. who was responsible for helping launch the FLiK token, have agreed to pay more than $100,000 after a U.S. district court…
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