Policy & regulation

Regulation

Gensler Says SEC Should Be ‘Ready to Bring Cases’ Involving Crypto

The SEC chair continued to highlight investor protection as he previewed the regulator’s cryptocurrency enforcement efforts.

Policy & regulation  ·  20 May 2021
Regulation

Beijing’s Crypto Crackdown Is Not New but Don’t Dismiss It

China’s reiterated crypto ban sharpens the focus on the financial sector.

Policy & regulation  ·  20 May 2021
Regulation

Australian Minister Says Government Has ‘No Issue’ With Crypto Investment

Senator Jane Hume also said cryptocurrencies are "an asset class that will grow in importance."

Policy & regulation  ·  20 May 2021
Paxos

Senate Banking Chairman ‘Concerned’ by OCC’s Crypto Charters

Sherrod Brown specifically pointed to the OCC trust charters granted to Paxos, Protego and Anchorage.

Policy & regulation  ·  19 May 2021
Newsletters

State of Crypto: Meet Lael Brainard, the Fed’s CBDC Champion

Last year, Federal Reserve Governor Lael Brainard announced the Boston branch of the U.S. central bank was exploring a digital dollar. She’ll be speaking next week at Consensus.

Policy & regulation  ·  18 May 2021
Court Cases

$4B Ponzi Scheme OneCoin and ‘CryptoQueen’ Leader Found in Default in US Lawsuit

Ruga Ignatova and her company failed to respond to the case, according to court documents.

Policy & regulation  ·  18 May 2021
IRS

US Congressman Reintroduces Bill With Tax Protections for Investors With Forked Crypto Assets

The legislation would outlaw penalizing taxpayers until the IRS clarifies its policies.

Policy & regulation  ·  18 May 2021
CBDCs

No Reason to Fear Central Bank Digital Currencies

Fears that CBDCs could cause financial instability and increase surveillance are misplaced, says our columnist.

Policy & regulation  ·  17 May 2021
Crypto mining

Iran Cracks Down on Crypto Miners Using Household Electricity: Report

The measure comes as Iran suffers a shortage of hydropower in unusually dry conditions.

Policy & regulation  ·  17 May 2021
CBDCs

A Central Bank Digital Currency Would Be Bad for the US

Calls to "catch" China on digital currency downplay the promise of open financial technology, says Circle's head of global policy.

Policy & regulation  ·  17 May 2021
New York

Upstate NY Bitcoin Miner Greenidge to Offset Rigs’ Carbon Emissions

The power station that sparked controversy over a bitcoin mining expansion plan will also invest in renewable energy projects.

Policy & regulation  ·  14 May 2021
Russia

Election Monitors Call Russia’s Blockchain Voting a Black Box: Report

The Russian Central Election Commission won't allow observers to look under the hood of its blockchain voting system, experts say.

Policy & regulation  ·  14 May 2021
Newsletters

Money Reimagined: How the Fed Could Fail

Mounting debts and inflation fears could leave central banks hamstrung in the years ahead, leading to the debasement of fiat currencies.

Policy & regulation  ·  14 May 2021
Crypto Taxes

Argentina’s Tax Authority Orders Crypto Exchanges to File Information on Transactions: Report

Crypto adoption has been healthy in Argentina, with citizens seeking alternative ways of storing wealth amid the country’s economic woes.

Policy & regulation  ·  14 May 2021
Regulation

Bank of England Official: It’s ‘Probable’ UK Will Launch a Digital Currency

Sir Jon Cunliffe expressed the concern that consumers may find stablecoins more attractive than bank offerings.

Policy & regulation  ·  14 May 2021