Chairman of the US Federal Reserve Jerome Powell discussed the regulation of the decentralized finance (DeFi) space at a panel discussion on digital finance hosted by the Banque of France on Tuesday. Powell explained: “the monetary policy normalization that we’re seeing all over the world,” adding, “All it did was simply reveal what we’ve long […]
Officials of the Minister of Trade and the Commodity Futures Trading Regulatory Agency (Bappebti) in Indonesia recently noted at a parliamentary hearing in Jakarta that they plan on tightening crypto exchange regulation in the country. According to Didid Noordiatmoko, the acting head of Bappebti, one of the requirements of the new rule would be for […]
The UK Financial Conduct Authority (FCA) published a warning on Friday directed at crypto exchange FTX, alleging that the exchange was providing financial services without authorization from the agency. The regulatory watchdog revealed that giant cryptocurrency exchange FTX was not authorized in the UK but is offering services to resident investors. According to dictates, companies […]
Happenings across the globe show that many countries are working toward integrating and aligning their regulatory systems to accommodate Metaverse activities. That said, the European Union (EU) bloc is one of the global regions in this process and recently announced a Eurozone initiative that will allow Europe to “thrive in the metaverse.” The initiative, which […]
US Securities and Exchange Commission (SEC) Chairman, Gary Gensler, made mention of crypto regulation and compliance at the Practising Law Institute’s SEC Speaks conference on September 8. Asserting that his organization’s core principles apply to every securities market, including securities and intermediaries in the crypto market, Gensler noted: “Of the nearly 10,000 tokens in the […]
Recent reports show that the Russian government is planning to work with allied nations on creating payment channels for cross-border settlements involving Stablecoins. The latest development came from Deputy Finance Minister Alexey Moiseev, as quoted by the Tass news agency. Moiseev explained: “We are currently working with a number of countries to create bilateral platforms […]
As regulators move to regulate the cryptocurrency space around the world, the US House Committee on Oversight and Reform recently sent letters to four US federal agencies and five cryptocurrency exchanges as it moves to crack down on cryptocurrency-based scams and other vices. The four federal agencies that received a letter from the committee on […]
The Taliban regime in Afghanistan has arrested several crypto dealers who flaunted orders by Taliban authorities to suspend all digital asset trading activities across the nation after imposing a cryptocurrency ban in the embattled country earlier this month. Sayed Shah Sa’adat, head of the counter-crime unit of Herat police, told local reporters: “Da Afghanistan’s Bank […]
Just one day after a recent KuCoin report revealed that India has about 115 million crypto investors, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, asserted that crypto is not suitable for developing economies like India. In a recent interview, the central bank official explained, “Countries like India are differently placed from […]
