Auto Added by WPeMatico

Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM’s government

In his resignation letter, Economic Secretary to the Treasury John Glen said that “vital reforms" to the country’s financial services were ready to be presented to Parliament.

Continue ReadingExodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM’s government

Singapore Considers Imposing New Restrictions on Crypto Trading

The Monetary Authority of Singapore (MAS) has told Parliament that the central bank is considering imposing additional restrictions on cryptocurrency trading. They include “placing limits on retail participation, and rules…

Continue ReadingSingapore Considers Imposing New Restrictions on Crypto Trading

Crypto market volatility shows need for ‘enhanced regulatory and law enforcement frameworks’ — BoE

The central bank said the growth of the crypto market did not pose an “immediate threat” to the United Kingdom’s financial system, but had the potential to do so in…

Continue ReadingCrypto market volatility shows need for ‘enhanced regulatory and law enforcement frameworks’ — BoE

Peter Schiff’s Euro Pacific Bank Suspended by Puerto Rico’s Regulator — Schiff Insists No Evidence of Crime

Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lose…

Continue ReadingPeter Schiff’s Euro Pacific Bank Suspended by Puerto Rico’s Regulator — Schiff Insists No Evidence of Crime

Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad

The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position…

Continue ReadingBank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad

Indian Central Bank RBI: Cryptocurrencies Are a Clear Danger — Financial Stability Risks Likely to Grow

India’s central bank, the Reserve Bank of India (RBI), sees cryptocurrencies as “a clear danger.” However, the financial stability risks posed by crypto assets currently appear to be “limited.” RBI…

Continue ReadingIndian Central Bank RBI: Cryptocurrencies Are a Clear Danger — Financial Stability Risks Likely to Grow