Category: Regulation

UK Treasury Calls for Feedback on Approach to Cryptocurrency and Stablecoin Regulation

The U.K. government is focusing on stablecoins for the next phase of its development of crypto regulations.

January 12, 2021
New Zealand’s Financial Watchdog Warns on Crypto Investment Risks

The warning comes a day after the regulator’s U.K. counterpart, the Financial Conduct Authority, also raised similar concerns.

January 12, 2021
UK Government Asks Crypto Industry to Provide Insights on Its Regulatory Approach

Her Majesty’s Treasury in the U.K. issued a document that details a series of proposals addressing the crypto community. With the consultation, the Treasury is initiating a “regulatory approach to cryptoassets and stablecoins” for 2021 following the Brexit turmoil. Special Focus on Stablecoins Regulation According to the official announcement, the consultation mainly targets stablecoins to…

January 11, 2021
JP Morgan Warns of Falling BTC Price With Bitcoin ETF Approval in US

JP Morgan’s analysts say that the U.S. Securities and Exchange Commission (SEC) approving a bitcoin exchange-traded fund (ETF) is likely negative for bitcoin in the near term. There is optimism around the prospect of the SEC approving a bitcoin ETF under new leadership, the analysts say. SEC Approving Bitcoin ETF Could Be Negative JP Morgan…

January 11, 2021
Here’s why the UK financial regulator said crypto investors can “lose all their money”

The regulator issued the warning shortly after crypto markets took a hit on Monday. No getting rich quick U.K.’s Financial Conduct Authority (FCA) warned on Monday that investments and lending products related to crypto come with “very high risks,” as per a report on news outlet CNBC. The FCA has issued similar warnings in the…

January 11, 2021
2020: Year 11 Of “The Transformation”

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and…

January 11, 2021
Crypto Custody Firm Leaves Singapore’s Regulatory Sandbox With License, ISO Rating

The firm exits the sandbox with what it claims is the first ISO 27001 certification for a crypto custody provider.

January 11, 2021
UK’s FCA Warns Investors of High-Risk Crypto Investments and Scams

The Financial Conduct Authority said investors in cryptocurrency products offering high returns should be prepared to lose “all their money.”

January 11, 2021
The CFTC Asks Court to Issue Fines in Excess of $100M Against Mastermind of a Fraudulent Crypto Scheme

The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency scheme. According to the motion, the U.S. agency wants the court to order Ackerman to pay $27 million in restitution plus a civil penalty of…

January 10, 2021
Economist Discusses What Would Happen if the Masses Ditch Fiat Currencies for Bitcoin

American economist Brian Wesbury has shared his thoughts on what would happen if the masses were to ditch fiat currencies and adopt bitcoin instead. He discussed whether the government would allow it to happen and how bitcoin can become a true currency. Economist Brian Wesbury Answers Question About the Masses Ditching Fiat Currencies for Bitcoin…

January 9, 2021