Category: Regulation
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From ‘not money’ to ‘staggeringly great’: what US Presidents have said about crypto and blockchain
“I don’t have Bitcoin, and I’ll never ask you to send me any,” said Joe Biden.
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How Nigerians Are Reacting To The Cryptocurrency Ban
The Central Bank of Nigeria (CBN) has said that its decision to ban cryptocurrency was necessary to prevent crimes and mitigate risks Several Nigerians have condemned the move and believe the ban has some political undertone beyond those stated reasonings The Senate of Nigeria has summoned the CBN governor to explain the decision to ban…
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US Government Won’t Allow Corporates to Keep Replacing Dollars With Bitcoin, Warns Investment Advisor
Dan Nathan, the founder of Risk Reversal Advisors, says that the U.S. government will not keep allowing corporations like Elon Musk’s Tesla to replace dollars with bitcoin. They won’t “let the dollar fall away from being the reserve currency for the world,” which could happen if corporations keep replacing dollars in their balance sheets with…
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Indian Official Provides Updates on Crypto Bill and Transition Period for Crypto Holders: Report
As the Indian government gets closer to moving forward with the cryptocurrency bill, an official from the Ministry of Finance reportedly explained what discussions the government has been having regarding the crypto bill and the impending legislation. Indian Crypto Bill’s Progress Update The Indian government is getting closer to introducing the cryptocurrency bill in Parliament.…
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Mirror Trading International Named Biggest Crypto Scam of the Year After Raking in $589 Million
Blockchain analysis firm, Chainalysis’ latest crime report has named Mirror Trading International (MTI) as the biggest cryptocurrency scam of 2020. Chainalysis arrived at this conclusion after an investigation found that MTI had taken in $589 million from more than 471,000 deposits. According to the report, MTI’s haul is significantly higher than that of Forsage and…
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Elon Musk Could Face SEC Investigation Over Tesla’s Bitcoin Buy, Lawyers Warn
The U.S. Securities and Exchange Commission (SEC) could investigate Elon Musk over Tesla’s $1.5 billion bitcoin purchase, some legal experts have warned, including a former SEC enforcement officer. Given the timing of Tesla’s bitcoin purchase and Musk’s multiple tweets on the subject, some say that the SEC will look into the matter. Elon Musk Could…
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Mayor’s Proposal To Integrate Bitcoin Into Miami’s Operations Receives Approval
In a Twitter video posted late last night, Miami Mayor Francis Suarez announced that city commissioners have supported his resolution to explore letting residents pay city fees or property taxes in bitcoin, allowing city employees to receive compensation in bitcoin and giving Miami the opportunity to invest in bitcoin. Exploring: • State legislative priority• Paying…
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Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC
The U.S. city of Miami is going full bitcoin. The city commissioners have voted to support the mayor’s resolution to allow payments in bitcoin for salaries, taxes, and fees. The city also supports efforts to make bitcoin an acceptable currency for potentially investing in the state treasury. Miami Gets Deep Into Bitcoin Miami City’s commissioners…