Category: Bitcoin Regulation



ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts ‘Funny Business’


ECB Chief Christine Lagarde Calls for Global Bitcoin Regulation — Says BTC Conducts 'Funny Business'The president of the European Central Bank (ECB), Christine Lagarde, has called for the global regulation of bitcoin. She said that bitcoin is a highly speculative asset and has “conducted some funny business.” Emphasizing the need for countries to work together to regulate bitcoin, she suggested that the crypto regulation could be “initiated by the […]







Crypto Regulation Commences in Serbia: Trading, Mining Legalized


Crypto Regulation Commences in Serbia: Trading, Mining LegalizedSerbia has started regulating the crypto industry as the country’s law on digital assets has gone into effect. It requires cryptocurrency service providers to obtain a license and legalizes crypto activities, including trading and mining. Serbia Starts Regulating Cryptocurrency Serbia’s recently adopted Law on Digital Assets went into effect last week with a publication in […]

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Colombian Financial Watchdog Says Local Firms Can Use Capital to Buy Bitcoin


Colombian Financial Watchdog Says Local Firms Can Use Capital to Buy BitcoinThe Superintendency of Corporations in Colombia has explained in an official note that companies in the country are legally allowed to buy cryptocurrencies, specifically bitcoin (BTC), to inject capital as long as they abide by local regulations. Colombian Watchdog: Local Firms Can Use Capital to Buy Bitcoin if Companies Demonstrate Tokens Are ‘Intangible Assets’ According […]

The post Colombian Financial Watchdog Says Local Firms Can Use Capital to Buy Bitcoin appeared first on Bitcoin News.


Miami’s Mayor Considers Putting Some of City’s Treasury Reserves in Bitcoin


Miami's Mayor Considers Putting Some of City's Treasury Reserves in BitcoinMiami Mayor Francis Suarez is exploring putting a percentage of his city’s treasury reserves in bitcoin. Miami is currently working on accepting the cryptocurrency as a means of payment for city services and taxes. The mayor believes that “Bitcoin has been a stable investment during an incredibly unstable year.” Miami Could Invest Some of City’s […]

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Shark Tank’s Kevin O’Leary Warns Regulators Will Come Down Hard on Bitcoin — ‘It Will Be Brutal’


Shark Tank's Kevin O'Leary Warns Regulators Will Come Down Hard on Bitcoin — 'It's Going to Be Brutal'Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, has warned about regulators coming down hard on bitcoin. In addition, he says that “even if bitcoin were to go up another 2,000%, it’s completely irrelevant to institutional clients.” Kevin O’Leary Warns of Brutal Bitcoin Regulation, Says Bitcoin Is Not an Institutional Product Canadian investor […]

The post Shark Tank’s Kevin O’Leary Warns Regulators Will Come Down Hard on Bitcoin — ‘It Will Be Brutal’ appeared first on Bitcoin News.


Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns


Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator WarnsThe top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration. Biden Administration Could Change US Crypto Regulations Acting Comptroller of the Currency, Brian Brooks, shared several concerns regarding […]

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Novogratz hopes Biden admin reverses Trump’s anti-crypto stance


Galaxy Digital CEO calls Trump’s crypto policies “anti-dollar” and “anti-innovation.”

The United States is in desperate need of open-minded cryptocurrency regulations from the incoming Biden administration, according to Galaxy Digital CEO Mike Novogratz

Appearing in a Thursday segment of CNBC’s Sqwuak Box, Novogratz said the Bitcoin (BTC) bull market has proven resilient to the recent wave of anti-crypto rhetoric coming from Capitol Hill:

“It tells you about how powerful this bull market is [...] They are throwing lots at the system, and it’s not actually impacting it.”

Nevertheless, for the cryptocurrency industry to truly succeed in the long run, more regulatory clarity is needed. Referring to the incoming Biden administration, Novogratz said:

“I’m hoping, you know — we get a change of the guard in 20 days — I’m hoping we can get some more open-minded regulators.”

President Trump’s departure from the White House is proving to be a rocky period for the cryptocurrency industry. Last week, the Treasury’s Financial Crimes Enforcement Network proposed new disclosure rules for self-hosted wallets.

In a sign that the Treasury was trying to jam legislation through, it provided only a 15-day comment period, which is much shorter than the typical 60-day period.

In another blow to some industry participants, the Securities and Exchange Commission, or SEC, is suing Ripple for allegedly selling an unregistered security in the form of XRP tokens. The securities regulator made its case in a painstakingly detailed 71-page takedown of Ripple released earlier this week.

Novogratz and others believe that archaic cryptocurrency laws will hinder innovation and adoption in the United States, paving the way for rivals like China to dominate the market. Ironically, this is one of the arguments being used by Ripple to counter the SEC’s lawsuit.

In his interview with CNBC, Novogratz said stubborn crypto laws have “a lot of unintended consequences,” adding that, “it’s going to push a lot of the cool stuff that’s happening in crypto offshore.”










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