US Treasury official beckons new stablecoin regulations
“If Congress does not enact legislation, the regulators will try to use what authority they have,” stated the U.S. Treasury official Nellie Liang.
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Indian Lawmaker Says Crypto Must Be Blocked if Used for Illegal Purposes
India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other…
BIS Exec Says Defi Is a ‘Wake-up Call’ for Regulators, Global Crypto Policy Expected in 2022
A Bank of International Settlements (BIS) executive, Benoît Cœuré, says that crypto is “growing very fast” and ”becoming mainstream in different ways.” Emphasizing that decentralized finance (defi) is a “wake-up call”…
Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints
The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina…
Kenyan Businessman Accused of Defrauding Investors of More Than $140 Million
Businessman and owner of a Kenyan football club, Ricardo Badoer, has been accused of fleecing more than $140 million from investors via his Aidos Kuneen cryptocurrency. Threats Against Investors According…
IMF Chief Economist Says ‘Regulation Is Absolutely Important’ for Crypto Sector
The chief economist at the International Monetary Fund (IMF) says that regulation is “absolutely important” for the crypto sector. She added that banning cryptocurrencies, like what India could be considering…
Indian Central Bank RBI Favors Complete Crypto Ban, Says Partial Ban Won’t Work
India’s central bank, the Reserve Bank of India (RBI), has reportedly told the central board of directors that it favors a complete ban on cryptocurrencies, stating that a partial ban…
China Censors Crypto-Themed Short Videos Shared Online
An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional…
Crypto Owners in Serbia Reach 200,000 as Country Regulates Digital Assets
The number of cryptocurrency holders in Serbia has climbed to around 200,000 with interest in cryptocurrencies increasing alongside growing crypto markets. The country’s decision to legally recognize digital assets this…
Argentinian Chamber of Fintech Makes Cryptocurrency Regulation Proposal
The Argentinian Chamber of Fintech, a membership-based organization whose goal is to lead the digitization and modernization of the financial services industry, issued a series of recommendations for the upcoming…
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