Category: Regulation

Early Bitcoin advocate Chamath Palihapitiya to contest for California governor

The star money manager made a big Bitcoin bet back when the project was in its nascency. And he now wants to make the US a better place. Pushing for education and zero state tax Social Capital founder Chamath Palihapitiya wants to run for the position of Californian Governor, he said in a tweet on…

January 27, 2021
South African Regulator Seeks More Crypto Powers After Alleged Ponzi’s Collapse

“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg.

January 27, 2021
New class-action lawsuit against Ripple (XRP) filed in Florida

Florida resident Tyler Toomey has filed a class-action lawsuit against Ripple Labs, the blockchain-focused firm behind XRP cryptocurrency, alleging that the company violated the state’s securities laws by selling its tokens. This comes on the heels of the Securities and Exchange Commission (SEC) filing a $1.3 billion lawsuit against Ripple with similar allegations. “This is…

January 27, 2021
Philippine Central Bank Widens Cryptocurrency Regulation — Sees ‘Accelerated Growth’ in Crypto Activity

The Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has expanded the country’s cryptocurrency regulation after seeing “accelerated growth” in the use of crypto exchanges. The new regulatory framework is in line with the guidelines recommended by the Financial Action Task Force (FATF), according to the central bank. Philippine Central Bank Introduces New Rules…

January 26, 2021
Bank of England Governor Warns Cryptocurrencies Won’t Last

The governor of the Bank of England, Andrew Bailey, believes that no existing cryptocurrencies will last. Talking about the design, governance, and arrangements of “a lasting digital currency,” the head of England’s central bank said, “I don’t think cryptocurrencies as originally formulated are it.” Bank of England Chief Andrew Bailey Doubts Any Existing Cryptocurrencies Will…

January 26, 2021
Iranian government reportedly moving to block Signal messaging app

Rumors are circulating in Iran that authorities already have access to messages on WhatsApp, one of the few unblocked platforms in the country.

January 26, 2021
Former Goldman Sachs CEO: If I Were a Regulator, I’d Be Hyperventilating at the Success of Bitcoin

Former Goldman Sachs CEO Lloyd Blankfein has offered his view on the future of bitcoin. He said if he were a regulator, he would be “hyperventilating” at the success of bitcoin right now and he would be arming himself to deal with it. Lloyd Blankfein Shares His View on the Future of Bitcoin Former Goldman…

January 26, 2021
State of Crypto: Unpacking the Trump Presidency’s Crypto Legacy

Donald Trump may have been anti-crypto but his appointed regulators ushered in a largely industry-friendly regime.

January 26, 2021
South Korean Tax Agency Carries out Irregular Audit on Crypto Exchange Operator

The team of investigators requested past data and transaction details from Korea Digital Exchange.

January 26, 2021
Indian Central Bank Sees Cryptocurrencies Gaining Popularity, Exploring Digital Rupee

India’s central bank, the Reserve Bank of India (RBI), has published a booklet with a section about cryptocurrency and the digital rupee. The central bank acknowledged that cryptocurrencies have gained popularity in recent years and confirmed that it is exploring the need for a central bank digital currency. RBI Says Crypto Has Gained Popularity, Exploring…

January 26, 2021