IOSCO doubles down digital currency exchange and DeFi control
The IOSCO will raise control on digital currencies and related activities while “addressing the pre-identified vulnerabilities in the non-bank financial intermediation sector.”
Latest Regulations News
UK central bank to set up 30-member Britcoin team: report
Bank of England is ramping up its central bank digital currency efforts and hiring developers, security architects, and more despite not officially committing to its Britcoin efforts.
Kurt Wuckert Jr. on FOX Business: What is the right balance for digital currency regulation?
In his interview with Kennedy, Kurt Wuckert Jr. points out that the reason everyone is so mad at ‘crypto’ is because they were misled to believe it was an investment when the focus should be on utility.
Safe banking and fractional reserve banking
The trouble is the current regulatory framework does not even give a chance for the safe bank solution to compete, and it would only be fair if the government allows both types of banks to operate.
Sanctions, Russia and ‘crypto crime’
After Russia invades Ukraine, sanctions are back on the agenda, and when it comes to getting around them, misuse of digital assets appears to be essential.
India IT minister wary of digital currencies, sides with RBI for cautious approach
Rajeev Chandrasekhar pointed out that since digital currencies intersect with the macroeconomy and financial sector, a separate regulation must be launched for efficient control of the budding sector.
Hong Kong securities regulator calls for sterner regulations on digital currency platforms
Julia Leung, head of the Hong Kong Securities and Futures Commission, said digital currency platforms are integral to the blockchain industry, requiring tighter regulations.
P2P marketplace Paxful cites regulatory pressure as it suspends services
Celsius bankruptcy and an ongoing legal dispute between Paxful's co-founders likely also played a part in the P2P marketplace shutdown.
South Dakota governor vetoes bill that says Bitcoin isn’t money
Governor Kristi Noem vetoed HB 1193, a bill that excludes digital currencies like BSV from being termed money but included the yet-to-launch digital dollar.