Category: Regulation

Venezuelan Government Signs Agreement to Establish Guidelines for Granting Licenses to Crypto Miners

The National Superintendency of Crypto Assets (Sunacrip) and the National Electricity Corporation of Venezuela (Corpoelec) signed an agreement to establish guidelines to “improve the development” of bitcoin and other crypto mining activities across the country. Venezuelan Government Bodies Are Expected to Set Guidelines for Granting Crypto Mining Licenses According to the government’s announcement on Dec.…

December 11, 2020
Video: Breaking Down The STABLE Act With Pierre Rochard

Listen To The Episode: Apple Spotify Google Libsyn Overcast On this episode of the Bitcoin Magazine Podcast, host BranBTC sat down with everyone’s favorite Bitcoin maximalist Pierre Rochard to discuss the STABLE Act that was recently introduced to the public by members of the U.S. Congress. Rochard initially took a broad view on the topic,…

December 10, 2020
US DoJ charges tax evading ICO superstar who spent $10m on private yacht

The founder of a high-flying ICO was charged by authorities in the US yesterday on charges of a massive tax evasion scheme. DoJ charges Oyster Pearl founder Amir Bruno Elmaani, the founder of Oyster Pearl, a storied 2017 ICO that raised millions in token sales before fizzling out like 98% of all the then-hyped coins,…

December 10, 2020
Crypto Mining Crisis in Abkhazia Worsens After Power Substation Caught Fire

The crypto mining crisis in Abkhazia is closely reaching its boiling point following the burnout of a power substation amid the refusal of both illegal and legal crypto miners to slow down their operations in the state. Crypto Mining Crisis Abkhazia Keeps Worsening Sputnik Abkhazia has reported that an incident happened over the weekend, specifically…

December 9, 2020
Hundreds of millions of consumers will use digital currencies soon: Circle CEO

Executives from Facebook’s ‘Diem’ Association, Circle, Soramitsu, and Coinbase discussed how and when digital currencies will go mainstream, at the Singapore Fintech Festival.

December 8, 2020
“Strong support” for crypto industry regulation at recent G7 meeting

Ministers from the seven influential countries called for greater regulatory oversight and laws for cryptocurrencies as the market sees increased adoption from both institutional and retail crowds. Ministers support calls for crypto regulations As per a note published by the US Department of Treasury on Tuesday, Secretary Steven T. Mnuchin met with the financial heads…

December 8, 2020
Execs from ‘99% fake’ exchange face charges over market manipulation

Police have charged Coinbit chairman Choi Mo and two unnamed executives with fraud and forgery related to market manipulation and prosecutors are preparing the case.

December 8, 2020
G7 Central Bankers Stress the Need to Regulate Cryptocurrencies at Latest Meeting

The G7 finance ministers and central bank governors discussed the need to regulate cryptocurrencies during their latest meeting. German Finance Minister Olaf Scholz raised concerns about Facebook’s upcoming cryptocurrency. G7 Sees the Need to Regulate Crypto U.S. Treasury Secretary Steven Mnuchin hosted a discussion on Monday with finance ministers and central bank governors from Canada,…

December 8, 2020
‘We should do whatever we can’ to legalize Bitcoin, says libertarian Ron Paul

The former congressman from Texas believes the government is “watching very closely” to see what happens with crypto.

December 7, 2020
Circle CEO Jeremy Allaire: Policy issues are more prevalent as crypto “gets real”

Regulators and policymakers around the world have never been particularly open to innovations or progressions of the crypto market. However, with the industry growing both technologically and in terms of institutional adoption, the onus on KYC and AML laws is back, and it’s all but what the crypto ethos stands for. The recently proposed STABLE…

December 7, 2020