Category: Regulation

Janet Yellen Clarifies Her Stance on Bitcoin — Promises ‘Effective’ Crypto Regulation

Joe Biden’s pick to become the new U.S. Treasury Secretary, Janet Yellen, has clarified her stance on bitcoin and cryptocurrencies. This follows her remarks during a Senate hearing when she said that cryptocurrencies are mostly used for illicit financing. Janet Yellen Clarifies Her Crypto Plans Janet Yellen clarified her position on the regulation of cryptocurrencies…

January 23, 2021
Panamanian Lawmakers to Hold Discussions on Regulating Cryptocurrencies in the Country

Panamanian lawmakers will start to analyze a draft bill that seeks to regulate cryptocurrencies in the nation. Local deputy (MP) Rolando Rodríguez presented the bill to the Commerce Commission of Panama’s National Assembly. Draft Bill’s Author: Panama Is Lagging Behind Other Countries in the Matter According to La Estrella de Panama, the MP is advocating…

January 23, 2021
U.S. Treasury Secretary nominee Janet Yellen acknowledges potential benefits of crypto

Janet Yellen, who was recently nominated by US President Joe Biden for the post of Treasury Secretary, said that it is “important to consider the benefits of cryptocurrencies,” according to her written testimony published today. “I think it important we consider the benefits of cryptocurrencies and other digital assets, and the potential they have to…

January 22, 2021
Joe Biden Freezes FinCEN’s Crypto Wallet Rulemaking — US Crypto Regulations Under Review

New U.S. President Joe Biden has frozen all agency rulemaking, including the proposal by the Financial Crimes Enforcement Network (FinCEN) relating to cryptocurrency wallets. Biden will appoint someone to “review any new or pending rules,” the White House has announced. FinCEN’s Crypto Wallet Proposal Frozen, Pending Regulatory Review Joe Biden, the 46th president of the…

January 22, 2021
Komainu to store crypto confiscated by UK law enforcement

The Assistant Commissioner of the City of London Police said the partnership with Komainu would help in “denying criminality the proceeds of crime.”

January 21, 2021
Treasury Secretary nominee says crypto has potential to improve the financial system

Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.”

January 21, 2021
Former Ripple advisor to become US ‘Comptroller of the Currency’ under Joe Biden

The new administration is said to be more crypto friendly than the outgoing Trump government. And now, even crypto players are joining in. Treasury to Ripple to Comptroller Former Ripple advisor and US Treasury official Micheal Barr is tipped to become the next US Comptroller of the Currency, a report on the Wall Street Journal…

January 21, 2021
Russian Court Takes Crypto Exchange Binance off Website Blacklist

A court in the Arkhangelsk region had ruled last summer that the site should be blocked, but Binance wasn’t notified until months later.

January 21, 2021
Why Joe Biden’s presidency could be a fresh start for crypto

The Biden administration’s first decisions and appointments look promising for the crypto industry as a whole so far. Shortly after his inauguration, US President Joe Biden and his administration have already made several important decisions that could be considered quite positive for the crypto industry, starting with the postponement of the Treasury’s controversial proposals aimed…

January 21, 2021
Dubai Financial Watchdog to Release Consultation Papers for a Crypto Regulatory Framework

The Dubai Financial Services Authority (DFSA) has unveiled its plans to create a regulatory framework for cryptocurrencies. The announcement was part of its 2021-2022 business agenda released this week. The Papers Will Be Released in the First Half of 2021 According to the watchdog, which regulates the Dubai International Financial Centre (DIFC), the upcoming crypto…

January 21, 2021