Biden Administration Reportedly in Early Stages of Readying Regulation for Bitcoin
With Bitcoin (BTC) gaining widespread adoption globally, the United States government is reportedly in the early stages of developing regulatory guidelines for the popular cryptocurrency and the entire crypto industry. Sources familiar with the matter told FOX Business’ Charlie Gasparino…
Turkey Bans Bitcoin Payments As Lira Crashes
The Central Bank of the Republic of Turkey has instituted a ban on cryptocurrency payments, as its own fiat currency is devalued.Turkey has instituted a ban on all cryptocurrency payments as its own fiat currency, the lira, is failing. The…
U.S. Imposes Sanctions On Russia-Linked Bitcoin Addresses
In its effort to stifle entities that attempted to influence U.S. elections the Treasury Department sanctioned several bitcoin addresses.As part of an effort against entities that attempted to influence the 2020 U.S. presidential election, the U.S. Department of the Treasury’s…
Coinbase CEO Brian Armstrong Urges for Fair Crypto Regulations
Ahead of the long-anticipated public listing for his company, Coinbase’s CEO Brian Armstrong asserted that US regulators are wrong in believing cryptocurrencies are primarily used for illicit transactions. He added that the industry wants to be treated on the same…
Kraken’s CEO Warns of Potential Crypto Regulations in the United States
The exponential growth of bitcoin and the entire cryptocurrency sector has caught the attention of global regulators, noted Kraken’s CEO, Jesse Powell. Speaking to CNBC, the executive warned of potential crackdowns, especially after the threats coming from the US government….
Spain Seeks Public Comments on Potential Cryptocurrency Regulations
Cryptocurrency regulations across different countries continue to be a hot topic, and Spain is the latest to join in. The nation’s watchdog has asked industry participants, investors, and consumers for their opinion, and they have until April 16th to respond….
Demand for Bitcoin Increases Despite Regulatory Restrictions: Goldman Sachs CEO
The existing regulatory framework around cryptocurrency restricts Goldman Sachs from implementing its projects covering digital currencies, said the bank’s CEO, David Solomon. He added that customer demand has skyrocketed in recent months, which is the reason behind GS’s proactive crypto…
Coinbase and Square lead new crypto lobbying effort
The Crypto Council for Innovation is looking to lead the charge for sensible cryptocurrency regulations around the world. Major stakeholders in the cryptocurrency scene, like Coinbase and Square, have formed an alliance to better relate with policymakers and regulators on…
Coinbase, Fidelity, and Square Form a Cryptocurrency Council to Lobby Regulators
As nations are dabbling with establishing legislative frameworks on the cryptocurrency industry, several giants have formed a coalition to lobby policy makers and conduct researches to ensure the proper implementation of such rules. According to a Wall Street Journal coverage…