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 […]
Chairman of the US Securities and Exchange Commission (SEC) Gary Gensler recently authored an opinion article about how he believes crypto assets should be regulated in Wall Street Journal. Gensler noted in the article: “There’s no reason to treat the crypto market differently from the rest of the capital markets just because it uses a […]
With a central bank-issued euro becoming a medium-term possibility, analysts have said Ripple (XRP) could be dramatically affected. Olli Rehn, a policymaker at the European Central Bank (ECB), explained in a speech today that the ongoing feasibility study for a digital euro will be concluded in October 2023. Rehn added that following this investigation phase, […]
Binance has been granted a temporary license approval from Kazakhstan’s Astana Financial Services Authority (AFSA), the regulatory authority in charge of the Astana International Financial Center (AIFC), according to a blog release from Binance on August 15. The announcement detailed that the approval requires the behemoth exchange to perfect the application process to earn it […]
New reports show that Thailand is planning on amending its digital asset law to tighten loose ends on crypto regulation, especially on trading platforms. The Finance Minister of Thailand, Arkhom Termpittayapaisith, explained in a Bloomberg post that the planned amendment will “bring the central bank to be part of it.” Termpittayapaisith added that Thailand’s Securities […]
So far, three bills have been introduced in the US Congress to confirm the Commodity Futures Trading Commission (CFTC) as the primary regulator for cryptocurrency spot markets this year. Citing prolonged infighting between the Securities and Exchange Commission (SEC) and the CFTC over regulatory authority on the crypto spot market, Kristin Smith, the executive director […]
The US Department of the Treasury released a joint statement with Her Majesty’s Treasury last week on a collaborative effort on the UK – US Financial Regulatory Working Group. The group held a meeting on July 21, which was attended by officials and senior staff from HM Treasury, the Bank of England, the Financial Conduct […]
In an interview with Yahoo Finance on Wednesday, the director of Monetary and Capital Markets for the International Monetary Fund (IMF), Tobias Adrian, warned about more crypto crashes and failures, with further selling pressure on the horizon. Adrian warned: “We could see further selloffs both in crypto assets and in risky asset markets, like equities.” […]
The British statutory organization, the Law Commission, recently released a consultation paper where it made suggestions and reforms to the law governing digital assets. The Law Commission explained in a press statement that the consultation paper comes following a request by the government “to review the law on digital assets, to ensure that it can […]
