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Cryptocurrency Regulations Around the World

As cryptocurrency has become a more significant factor in the global investment landscape, countries have taken different approaches to regulating the asset class. Despite the prevelance of crytpocurrency in the United States, the country hasn't yet developed a clear regulatory framework. The patchwork of regulations in other countries means that cryptocurrencies are subject to different classifications and tax treatments around the world. Read More

Canadian Regulators Warn Crypto Platforms About Marketing

The Canadian Securities Administrators (CSA), in collaboration with the Investment Industry Organization of Canada (IIROC), published guidance Thursday to assist crypto trading platforms in meeting their marketing, advertising, and social media compliances under securities law and IIROC rules. The move came after regulators observed a recent surge in marketing campaigns by crypto trading platforms. Read More

SEC vs. Ripple case could establish limit on agency’s future involvement in crypto regulation: sources

A seemingly esoteric legal battle involving the Securities and Exchange Commission and fintech startup Ripple Labs could provide clarity on how much authority the SEC has over regulating the $2.2 trillion crypto market. The bad blood between Ripple and the SEC began in December 2020 when the SEC filed a lawsuit alleging Ripple Labs, a global payments platform, had violated securities laws by failing to register its XRP cryptocurrency as a security. Read More

Sen. Pat Toomey presses SEC Chair Gensler for crypto clarity

The Senate Banking Committee member wants Gensler to explain what makes a digital asset a security, Sen. Pat Toomey of Pennsylvania presented U.S. Securities and Exchange Chairman Gary Gensler with a list of more than two dozen questions concerning cryptocurrency regulation in a letter Friday, requesting that the regulator provide greater clarity on its approach to digital assets. Read More

Wyoming’s crypto sector’s fate up to federal regulators

After years of laying groundwork, the future of Wyoming’s cryptocurrency banking industry now lies in the hands of federal regulators. In a presentation to the Wyoming Legislature’s Select Blockchain Committee on Tuesday, Lummis policy advisers Tyler Lindholm and Chris Land warned lawmakers that Wyoming could lose its competitive advantage to other states in the race to lure cryptocurrency firms to the Cowboy State. The delay was not due to any fault of the state legislature, but the slow pace of federal regulators and quasi-regulatory organizations like the American Bankers’ Association in developing rules to allow consumers to bank with the decentralized, digital currency. Read More

China’s top regulators ban crypto trading and mining, sending bitcoin tumbling

China intensifies crypto crackdown, Vows to root out "illegal" trading activity, bans mining, Bitcoin, and smaller coins slump. China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks. Ten agencies, including the central bank, financial, securities and foreign exchange regulators, vowed to work together to root out "illegal" cryptocurrency activity, the first time the Beijing-based regulators have joined forces to explicitly ban all cryptocurrency-related activity. Read More

Coinbase COO confirms company will roll out crypto regulation proposals

Coinbase's (COIN) top executives confirmed it plans to publish a regulatory framework for policy makers in the U.S. in the coming weeks. Speaking at the DeFi-focused Mainnet conference, Coinbase President and Chief Operating Officer Emilie Choi broadly addressed the company's current position on crypto regulation. The announcement comes two weeks after Coinbase CEO Brian Armstrong voiced objections on Twitter to the Securities and Exchange Commission's moves against the company. Read More

Stablecoins in Spotlight as U.S. Begins to Lay Ground for Rules on Cryptocurrencies

Sponsors say stablecoins are safe, but regulators are concerned about potential risks to financial stability. The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It’s considering digitizing the U.S. dollar, giving people money they can access on their phone and bypassing electronic payments that can be slow and costly for businesses. Read More