Regulations

Banks to keep more reserve if they deal with Crypto

The EU Parliament Committee on Economic and Monetary Affairs published a report last week. This crypto-related Draft is to become law as soon as 2024. According to this draft’s author, banks may have to hold 12.5 times more in their…

crypto adoption

Crypto Industry is Under Siege by Regulators

Crypto has always been under attack from the day it was created. It has survived despite the odds due to the support of users who believe in financial freedom. The U.S. government is currently using several tactics in its arsenal in…

Bitcoin

Bitcoin Plummets below $22,000 with ECB and SEC Press Release

The European Central bank raised interest rates by 50 basis points which mean 0.50%, effective from February 8th as per confirmed in the ECB press release earlier this week. This week Bitcoin closed in red loosing 7% of its value…

Cryptocurrency

UK Takes Steps to Strengthen Crypto Market with New Regulations

Overview The United Kingdom’s Government has recently announced ambitious plans to regulate the crypto-asset industry. This is in response to the growing concern about the risks associated with crypto assets and the need for greater consumer confidence and clarity in…

Banks Crypto

Reserve Bank of India(RBI) Governor Mr.Das says Crypto must be banned and compares it to gambling

RBI (Central Bank) has been playing the ban game for a while and ruling against its citizens to have control over the Indian currency. They have gone to the extent of not allowing fiat to crypto transfer and even taxing…

Cryptocurrency

New Italian Budget Law Imposes 26% Tax on Crypto Gains

Italy’s parliament has approved a new tax on cryptocurrency as part of the country’s budget law for 2023. Under the new law, cryptocurrency gains in excess of 2000 euros will be subject to a 26% tax rate during the tax…

Cryptocurrency

Coinbase CEO Wants the Crypto Industry Regulated to Protect Investors

On December 20, Brian Armstrong, the CEO of Coinbase, outlined a plan for regulating centralized entities in the cryptocurrency industry while safeguarding decentralized ideas. Centralized Exchanges Prone to Harm According to Armstrong, the best thing for the sector would be…

Cryptocurrency

SEC Charges Eight Influencers In $100M Stock Manipulation Scheme On Discord and Twitter.

The Securities and Exchange Commission charged eight people today in a $100 million securities fraud scheme in which they manipulated exchange-traded stocks using the social media platforms Twitter and Discord. Fake Gurus According to the SEC, seven of the defendants…

Cryptocurrency

South Korea Central Bank Pushing For Stablecoin Regulation

The Bank of Korea (BOK) has stated that it is seeking increased statutory authority to regulate stablecoins. BOK revealed its position in a report published on December 11 as part of its efforts to control the growing digital asset industry.…

Cryptocurrency

SEC Provides Companies with A Sample Letter Regarding Crypto Asset Markets

The Securities and Exchange Commission (SEC), in a new guideline released on Thursday, requires entities that issue securities to disclose to investors their exposure to possible risk in the cryptocurrency market. Guide For Crypto Asset Markets The guideline was made…