MAS Chief Minister Asks Firms to Discourage Retail Crypto Trading
The Monetary Authority of Singapore has encouraged financial companies to discourage cryptocurrency trading. Responding to a question in parliament on...
Politics
SEC Charges Forsage Founders for Operating $300M Ponzi Scheme
The Securities and Exchange Commission charged eleven individuals with running a cryptocurrency pyramid and Ponzi scheme targeting retail investors globally....
IMF Claims Crypto Not A Threat to Financial Stability
The International Monetary Fund (IMF) asserted that the cryptocurrency market downturn doesn’t threaten global financial stability. In a report released...
New UK Treasury Minister Proposes New Regulations for Stablecoins
U.K. Chancellor of the Exchequer Nadhim Zahawi laid out plans in the Financial Services and Markets bill to regulate stablecoins....
Australian Central Bank Governor Prefers Privately Issued Tokens Over CBDCs
Australian central bank governor Phillip Lowe said at a G20 event that regulated private tokens could be better than Central...
Bank Indonesia Governor Embraces Crypto and Talks Up CBDC
The governor of the central bank of Indonesia believes that cryptocurrencies have the potential to pose systemic risks, but can...
US Diplomats Target Japanese Crypto Companies in Russia
The United States has appealed to Japan to dial up the pressure on its cryptocurrency exchanges doing business with Russia....
Bank of England Cites Crypto Integration With Traditional Finance a Risk to Financial Stability
The Bank of England argues that there is potential for crypto to pose greater threats to financial stability with greater...
Argentines Turn to USDT as a Hedge After Finance Minister Quits
Argentines turn to stablecoins as a hedge after the resignation of former Economy Minister Martin Guzman on Saturday. Guzman penned...
Grayscale Prepares Itself for SEC Ruling on Spot ETF
Grayscale CEO Michael Sonnenshein has told investors he is ready for a spot bitcoin exchange-traded fund (ETF) regardless of what...
Indian Exchanges Brace Themselves for Hard Crypto Winter
India’s biggest crypto exchanges face a brutal market winter amid unfriendly local regulations. Plummeting prices, the looming cryptocurrency taxation scheme,...
U.S. Department of Labor Faces Scrutiny on Bitcoin 401(k) Plans
The U.S. Department of Labor is receiving pushback from an industry initiative, requesting it rescind its previous guidance on including...
$60B Wiped off Crypto Market as Bitcoin, Ethereum Tumble to New Lows
In the early trading hours of June 18, the two flagship digital assets, Bitcoin and Ethereum, crashed by over 8%,...
U.S. Treasury Department on Track to Regulate Unhosted Wallets
The U.S. Treasury Department is progressing toward addressing the anonymity of unhosted crypto wallets as part of Joe Biden’s wider...
Coin Center Sues U.S. Treasury for Unconstitional Amendment to Tax Bill
Blockchain advocacy group Coin Center filed a lawsuit on Friday against the U.S. Treasury Department and the IRS for allegedly...
CFTC Commissioner Summer Mersinger Pushes for Agency’s Control
The Commodity Futures Trading Commission (CFTC) is pushing to become the primary regulator for the crypto industry, according to Commissioner...
Federal Reserve Vice Chair Testifies to CBDC and Stablecoin Benefits
Federal Reserve Vice Chairwoman Lael Brainard testified before a House committee on Thursday on the benefits and risks of a...
CFTC Charges Oregon and Illinois Resident in $44 Million Fraud
On Thursday, the Commodity Futures Trading Commission (CFTC) announced that it filed a civil enforcement action against an Oregon and...
Bitcoin Protected Under Chinese Law, Says China High Court
A new ruling from the Shanghai High People’s Court in China added a new twist to its view on cryptocurrency...
Utah to Create Blockchain and Digital Innovation Task Force; Governor Signs Bill
Utah’s Governor Spencer Cox has approved a bill to create a Blockchain and Digital Innovation Task Force, which will enable...
Central African Republic Under Scrutiny By IMF Following Bitcoin Adoption
The Central African Republic is under scrutiny from financial analysts, entrepreneurs, and the International Monetary Fund (IMF), drawing unfavorable comparisons...
With Recent Interest Rate Hike, Has the Federal Reserve ‘Lost All Control?’
On a recent episode of The Best Business Show, bitcoin investor Anthony Pompliano shared his thoughts on The Federal Reserve’s...
