Over the week, top executives at the International Organization of Securities Commissions (IOSCO) convened to discuss cryptocurrency and crypto regulation. The IOSCO comprises global organizations responsible for regulating over 95% of the world’s financial markets and securities in over 130 jurisdictions. Explaining the urgent necessity for a global group to develop a crypto regulatory framework, […]
Stablecoins have become the talking point on the lips of most of Washington. This comes after TerraUSD (UST) posted a debilitating crash below its $1 peg, worsening the already bearish sentiment in the cryptocurrency market. That said, US lawmakers have called for emergency regulation of Stablecoins. Yesterday, US Treasury Secretary Janet Yellen used UST as […]
US Senator Tommy Tuberville (Republican-Alabama) has moved to prevent the Labor Department from meddling with the types of assets investors can choose to add to their retirement plans, as the Fidelity Bitcoin 401(k) announcement unsettles many. The topic of what US citizens can or cannot add to their retirement accounts has become a hot one […]
The US Securities and Exchange Commission (SEC) has come under fire by US lawmakers for its obsession with crypto regulation enforcement. This critique comes after the regulatory watchdog announced that it had almost doubled the size of its cryptocurrency enforcement unit. On Tuesday, some lawmakers and SEC Commissioner Hester Peirce criticized the Commission for its […]
Blockchain is the ever-shifting, constantly-growing technology that we all got immersed into. Like Elon Musk, we know some celebrities often dabble in that world. We’ve known universities for how slow they are in updating their curriculum. But now, universities have begun to incorporate blockchain into their education. Many different innovations fall under the blockchain. The […]
The government of Uzbekistan has signed a decree on the regulatory framework of the cryptocurrency industry within its jurisdiction. According to the decree signed by the nation’s head of state, Shavkat Mirziyoyev, the goal is to improve digital technologies, foster a favorable entrepreneurial environment, and boost the legislation in the sector. The document revealed that […]
The Financial Counselor and Director of the International Monetary Fund (IMF)’s Monetary and Capital Markets Department, Tobias Adrian, commented on India’s approach to regulating cryptocurrency in an interview with PTI Tuesday, during the 2022 spring meeting of the IMF and the World Bank. The IMF executive noted that for India, “regulating crypto assets is certainly […]
In its newly published annual report 2021, the Central Bank of Russia (CBR) highlighted that the growing appetite for cryptocurrency by Russians, considering the risks associated with crypto activities, poses a systemic threat to the Russian economy. Adding to its long list of possible downsides the country could face from digital currencies like Bitcoin and […]
According to a high-ranking government official, Iran is unwilling to recognize cryptocurrency as a legitimate means of payment. This comment, which came from Iran’s deputy minister of communications, Reza Bagheri Asl, comes as the Central Bank of Iran (CBI) published rules for the rolling out of its national digital currency. The deputy minister made the […]
