Tag: Regulation

Shark Tank Star Kevin O’Leary Buys the Bitcoin Dip — Says Crypto ‘Desperately Needs Policy’ – Regulation Bitcoin News

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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he has bought the dip during the recent cryptocurrency market sell-off. He added: “Now crypto itself desperately needs policy. It needs regulation.” Kevin O’Leary Buys the Dip, Comments on Bitcoin Price Kevin O’Leary shared his crypto market outlook and investment strategy during this bear market in an interview with Stansberry Research, published Thursday. “I see bitcoin sort of testing $20,000 all the time, getting a lot of resistance,” he said when asked about the state of the cryptocurrency, adding that BTC…

UK Parliamentary Group Seeks Views of Crypto Industry Players – Regulation Bitcoin News

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A parliamentary group in the United Kingdom, the Crypto and Digital Assets All Party Parliamentary Group (APPG), recently said it had launched an inquiry that will examine the country’s present approach to crypto and digital asset regulation. In addition to gathering information via evidence sessions, the APPG said it is also open to views from players in the sector. Making the UK the ‘Global Home of Crypto Investment’ A United Kingdom (U.K.) parliamentary committee known as the Crypto and Digital Assets All Party Parliamentary Group (APPG), recently said it had…

US Senators Introduce Bill to Give CFTC Exclusive Jurisdiction Over Digital Commodities Spot Market – Regulation Bitcoin News

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U.S. senators have introduced the “Digital Commodities Consumer Protection Act of 2022” to empower the Commodity Futures Trading Commission (CFTC) “with exclusive jurisdiction over the digital commodities spot market.” Digital Commodities Consumer Protection Act U.S. Senators Debbie Stabenow (D-MI), John Boozman (R-AR), Cory Booker (D-NJ), and John Thune (R-SD) introduced Wednesday the “Digital Commodities Consumer Protection Act of 2022.” The bipartisan bill aims to give the Commodity Futures Trading Commission (CFTC) “new tools and authorities to regulate digital commodities,” according to the announcement of the bill by the U.S. Senate…

Building the blockchain industry despite market drops and regulation threats

“The cryptocurrency market is the only truly free market that exists in the financial universe,” said Dan Tapiero, CEO of 10T Holdings, during a recent video discussion with Cointelegraph Research.  A major concern of venture capital (VC) and investment firms as of late has been centered around regulation from different countries around the globe. While the theme of the discussion was on regulation, the conversation also touched upon how these different members of the crypto space see the future of the industry. Investors undaunted by regulation Each of the panel…

National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay – Regulation Bitcoin News

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The National Power Administration of Paraguay has proposed to set a special mining fee for cryptocurrency mining operations in a decree project directed to the national economic team. Due to the immense losses the organization has faced, it has stopped supplying energy to some mining operations that were evading the payment of power bills, being illegally connected to the grid. National Power Administration to Change Power Billing Structure for Mining Operations in Paraguay The National Power Administration is proposing a new way of charging cryptocurrency companies for the…

Europe’s Securities Regulator ESMA Seeks to Obtain Crypto Transaction Data – Regulation Bitcoin News

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The European Securities and Markets Authority (ESMA) is gearing up to implement stricter oversight in regards to crypto-related transactions. The agency is now looking to hire suppliers of trading data, as monitoring major participants in the market falls under its responsibilities. ESMA Launches Public Procurement for Providers of Crypto Trading Data The securities watchdog of the European Union, ESMA, is preparing to increase scrutiny on transactions involving cryptocurrencies, a public tender has indicated. On Tuesday, the authority launched a procurement procedure for suppliers of trading data on crypto transactions including…

Brazil Might Approve Its Cryptocurrency Law This Week – Regulation Bitcoin News

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This week, the Chamber of Deputies in Brazil might approve a cryptocurrency bill introduced earlier this year. According to the leader of the Federal Government in the Chamber, Ricardo Barros, the bill is set to be discussed, but there are still no reports on a possible vote as the Chamber is set to also discuss other time-sensitive bills. Cryptocurrency Bill on Agenda to Be Discussed This Week Brazil is getting closer to regulating cryptocurrency assets and virtual asset service providers (VASPs). The cryptocurrency bill, identified with the number 4.401/2021, is…

Robinhood Crypto Fined $30 Million by New York Regulator for ‘Significant Failures’ in Multiple Areas – Regulation Bitcoin News

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The New York State Department of Financial Services (DFS) has fined Robinhood Crypto $30 million for “significant failures in the areas of bank secrecy act/anti-money laundering (‘BSA/AML’) obligations and cybersecurity.” Robinhood Crypto Settles With the DFS The New York State Department of Financial Services (DFS) announced Tuesday that Robinhood Crypto LLC (RHC) will pay a $30 million penalty to New York State for “significant failures in the areas of bank secrecy act/anti-money laundering (‘BSA/AML’) obligations and cybersecurity.” The failures resulted in violations of the department’s Virtual Currency Regulation, Money Transmitter…

New York Attorney General Wants to Hear From Investors Deceived by Crypto Platforms – Regulation Bitcoin News

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New York Attorney General Letitia James has urged investors in her state who believe they have been deceived by a crypto platform to contact her office. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” she stressed. Letitia James Issues Investor Alert on Cryptocurrency New York Attorney General Letitia James issued an investor alert on cryptocurrency Monday. “Many high-profile cryptocurrency businesses have frozen customer withdrawals, announced mass layoffs, or filed for bankruptcy, while investors have been left in financial ruin,” the alert states. James urged any…

Binance US Delists Crypto Token ‘out of an Abundance of Caution’ After SEC Says It’s a Security – Regulation Bitcoin News

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Binance’s U.S. platform is delisting crypto token amp after the Securities and Exchange Commission (SEC) declared it a security. Another crypto exchange, Coinbase, disagreed with the regulator, arguing that the token is not a security. Binance Delists AMP ‘out of an Abundance of Caution’ Binance’s U.S. exchange (Binance US) is taking action to ensure that crypto tokens the U.S. Securities and Exchange Commission (SEC) has declared to be securities are not listed on its platform. The SEC recently said in a lawsuit against a former Coinbase product manager that nine…