Stablecoins are assets — not currencies, says ECB president
“Stablecoins are pretending to be a coin, but in fact it’s completely associated with an actual currency,” said Christine Lagarde.
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Cryptocurrencies now legally recognized under commercial law in Texas
Texas House Bills 4474 and 1576 officially took effect on Sept. 1 after being signed into law by Governor Greg Abbott in June.
Poll: 3 Out of 4 Russian Investors Would Rather Buy Cryptocurrency Than Gold or Fiat
An overwhelming majority of Russian investors view cryptocurrencies as a more attractive investment proposition than traditional fiat currencies or gold, a new survey has established. Even among those who have…
Mayoral candidate pledges to make NYC ‘most cryptocurrency-friendly city in the nation’
Some mayors of cities large and small in the U.S. have been pushing for the adoption of cryptocurrencies or otherwise taking a position in favor of digital assets.
El Salvador police arrested and released Bitcoin detractor without a warrant
The National Civil Police later released a statement saying Mario Gómez’s detainment was related to an investigation for financial fraud.
Seychelles Law Enforcement Receives Request to Probe Transfer of 230K Onecoin Bitcoins
The Seychelles Police Financial Crime Investigation Unit (FCIU) recently confirmed receiving a request for an investigation into several transactions linked to the transfer of 230,000 bitcoins. The cryptocurrency is said…
Biden Administration Pushes Global Crypto Data Sharing Rules in $3.5 Trillion Budget Bill: Report
The Biden administration is reportedly pushing to include global crypto data sharing rules in the $3.5 trillion budget package. The Treasury wants crypto businesses to report information on foreign account…
New NY Gov. taps former Obama official to head state’s financial regulator
Adrienne Harris said she aims "to ensure we have a robust and fair financial system, and an equitable economy" in her role at the NYDFS.
South African Central Bank Governor Reiterates: ‘Crypto Is Not Currency’
The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has reiterated the central bank’s longstanding belief that cryptocurrencies like bitcoin are not currencies. According to Kganyago, crypto-assets, as…
ECB Vice President States Crypto Should Be Regulated Like Other Assets
European Central Bank (ECB) Vice President Luis De Guindos has stated he wants cryptocurrencies to be subject to the same rules that other assets are. The statements were offered in…