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Tag: Regulation

Microsoft President Says the World Is Best Served When Currencies Are Issued and Backed by Governments

March 25, 2021 wp-bot Bitcoin News

Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that

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New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs

March 24, 2021 wp-bot Bitcoin News

On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies

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South Korea faces strict crypto regulation and fears of centralization

March 24, 2021 wp-bot Cointelegraph

The growing cost of compliance in South Korea could push smaller crypto businesses out of the country.

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Federal judge’s decision could be a blow for the privacy rights of crypto users

March 23, 2021 wp-bot Coinbase, Cointelegraph

The Internal Revenue Service will likely not be penalized for obtaining records on a crypto user from Coinbase or Abra.

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Report: India Mulling Banning IP Addresses of Crypto Exchanges

March 23, 2021 wp-bot Inside Bitcoins

Speculations are growing that the government may consider blocking internet protocol (IP) addresses of crypto-facing businesses and firms operating in the country.  This step was

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Fed Chairman Jerome Powell Says Bitcoin Is a Substitute for Gold

March 22, 2021 wp-bot Bitcoin News

Federal Reserve Chairman Jerome Powell sees cryptocurrency as a substitute for gold, rather than the dollar. However, he cautioned that crypto assets, including bitcoin, are

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