Citing Recent Market Crash, Indian Regulator Says Crypto Has No Underlying Value

citing-recent-market-crash,-indian-regulator-says-crypto-has-no-underlying-value

India’s banking sector regulator used the market crash to support his argument that crypto has no underlying value and justify his stance that it can be a threat to financial stability.   RBI Justifies Not Regulating Crypto Reminding his often repeated caution to the people, Reserve Bank of India (RBI) Governor Shaktikanta Das said that had … Read more

Crypto Regulation is Among Australia’s New PM Primary Concerns (Report)

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Australia’s newly-elected Prime Minister – Anthony Albanese – reportedly has three top issues to deal with it as the new leader of the country. These include battling climate change, reducing the cost of living, and imposing comprehensive rules on the cryptocurrency industry. Crypto Included as a top Priority The Australian Labor Party won the government … Read more

Christine Lagarde’s Son Is a Crypto Investor Despite Her Anti-Bitcoin Stance

christine-lagarde’s-son-is-a-crypto-investor-despite-her-anti-bitcoin-stance

The President of the European Central Bank (ECB) – Christine Lagarde – reiterated her negative stance on cryptocurrencies, claiming they are “based on nothing” and should be strictly regulated. Nonetheless, she revealed that one of her sons had distributed some of his wealth into the digital asset market. Diving Into Crypto Despite Mom’s Advice Numerous … Read more

CoinSwitch CEO Pitches for Regulatory Clarity, Certainty, Peace  

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India’s regulatory uncertainty for the crypto sector came into sharp focus at the ongoing World Economic Forum (WEF) Annual Meeting in Davos. In an interview with Reuters, CoinSwitch Kuber CEO Ashish Singhal highlighted the government’s policy dilemma on the industry. “Users don’t know what will happen with their holdings – is the government going to … Read more

Stablecoins May Not Be Part of SEC’s Jurisdiction, Commissioner Peirce Says

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The recent havoc in the crypto market wreaked by Terra’s collapse has put stablecoins under the spotlight again. As of now, the next move by America’s top financial watchdog (the Securities and Exchange Commission) on crypto regulations remains unclear. An SEC Commissioner revealed in a recent interview that stablecoin regulations might not fall into SEC’s … Read more

Australian Banking Giant Halts Crypto Trading Pilot Amid Regulatory Uncertainty

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Commonwealth Bank (CommBank), the largest bank in Australia, has reportedly suspended its planned in-app cryptocurrency trading pilot without setting a new timeframe for when it would resume the service. CommBank Pauses Crypto Services at Pilot Phase According to the Guardian Australia, on Thursday (May 19, 2022), Matt Comyn, the chief executive officer of the Commonwealth … Read more

Coinbase Establishes Think Tank for Increasing Lobbying Efforts With Regulators

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As global regulators are ramping up forces targeting digital asset firms, Coinbase announced the launch of a global crypto-native think tank that aims to accelerate research on the industry and hold constructive discussions with policymakers. Coinbase Institute The blog post by the largest US-based crypto exchange stated that the newly established think tank, Coinbase Institute, … Read more

Panama’s Crypto Bill Faces Setback as President Calls for Stricter AML Controls

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Panama’s President Laurentino Cortizo has called for stricter anti-money laundering (AML) controls in the much-anticipated bill that aims to regulate the use of cryptocurrencies, passed by the general assembly. He also refused to sign into law until the modifications are implemented. The President’s Take Cortizo said he needs guarantees that the bill adheres to global … Read more

Russia Will Legalize Crypto in Some Way Sooner or Later, Local Minister Says

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Russia’s Industry and Trade Minister – Denis Manturov – revealed that the local authorities will eventually legalize cryptocurrencies as a means of payment “in some format or other.” The possible approval would strongly oppose the central bank’s proposal for a blanket ban on all digital asset endeavors. Russia Will Say ‘Yes’ to Crypto as a … Read more

Africa Could Benefit Substantially by Adopting Crypto, Says Top Kenyan Financer

africa-could-benefit-substantially-by-adopting-crypto,-says-top-kenyan-financer

According to James Mwangi (CEO of Kenya’s largest banking conglomerate Equity Group Holdings), the African continent will significantly develop technologically and economically if it opens its arms to the digital asset industry. To do so, local authorities should cooperate with regulators, convincing them of crypto’s benefits. Crypto Could be Africa’s Stepping Stone In a recent … Read more