Auto Added by WPeMatico

Six senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022

According to the U.S. lawmakers, the infrastructure law contains an “overly-broad interpretation” of what a broker is and places the reporting burden on individuals who may not have the necessary…

Continue ReadingSix senators urge Treasury Secretary to clarify definition of broker in infrastructure law before 2022

Fed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US

“Stablecoins can certainly be a useful, efficient consumer-serving part of the financial system if they’re properly regulated,” said Jerome Powell.

Continue ReadingFed chair Jerome Powell says he isn’t concerned about crypto disrupting financial stability in the US

Tanzanian Central Bank Governor: Cryptocurrencies Not Outlawed, Traders Should Invest at Own Risk

The Tanzanian central bank governor recently revealed that cryptocurrencies are not outlawed in the country but warned those dabbling in crypto-related investments that they do so at their own risk.…

Continue ReadingTanzanian Central Bank Governor: Cryptocurrencies Not Outlawed, Traders Should Invest at Own Risk

Bank of Russia Wants to Ban Mutual Funds From Investing in Cryptocurrency

Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital…

Continue ReadingBank of Russia Wants to Ban Mutual Funds From Investing in Cryptocurrency

Bank of England Deputy Governor Warns Crypto Prices Could Fall to Zero

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price of cryptocurrencies, including bitcoin, could fall to zero. Noting that the crypto industry is…

Continue ReadingBank of England Deputy Governor Warns Crypto Prices Could Fall to Zero

Witnesses offer differing opinions on approach to stablecoins at congressional hearing

Every witness who appeared in front of the committee seemed to have their own rallying cry for U.S. lawmakers, from calling for greater KYC/AML compliance to "avoid policies that encourage…

Continue ReadingWitnesses offer differing opinions on approach to stablecoins at congressional hearing

Nigerian Government Minister Calls for Regulation of Crypto, Considers Additional Body ‘to Play That Role’

A minister in the Nigerian government has called on authorities in the country to consider regulating cryptocurrencies instead of clamping down on them. The Law Does Not Stipulate Who Regulates…

Continue ReadingNigerian Government Minister Calls for Regulation of Crypto, Considers Additional Body ‘to Play That Role’

SEC chair’s regulatory agenda fails to include clarity on crypto, says Hester Peirce

"The Agenda — through its silence on crypto — signals that the market can expect continued questions around the application of our securities laws to this area of increasing investor…

Continue ReadingSEC chair’s regulatory agenda fails to include clarity on crypto, says Hester Peirce