REGULATION
Cryptocurrencies are not issued by a monetary authority, are not controlled or regulated and their price is determined by the supply and demand of their market.
Regulatory Uncertainty Keeps the Securities Company Out of Cryptocurrency: Citadel's CEO
Citadel’s chief has clarified that regulatory uncertainty around cryptocurrency keeps the securities firm away from investing in crypto assets.
Crypto Users Stand at 300M, Representing Nearly 3.7% of the Global Population
Crypto adoption continues to experience an uptick, given that users are currently at the 300 million mark.
The U.S. Government Should Not be Involved in Regulating Crypto: Elon Musk
Elon Musk, speaking at the Code Conference in Beverly Hills, California, said the government should steer clear of regulating the nascent crypto ecosystem.
Swiss Market Watchdog Approves First Regulated Crypto Fund for Investors
The Swiss Financial Market Supervisory Authority (FINMA) has approved a launch of the first regulated cryptocurrency investment fund restricted only for qualified investors.
Binance Exchange Halts Major Crypto Services in Singapore
Binance has announced that with effect from October 26, users from Singapore will not be able to access the most basic functions of the Binance.com platform
Huobi Global Announces it is Moving Out of China as Clampdown Intensifies
Huobi Global, one of the world’s largest digital currency trading platforms has announced it will gradually unwind its services in mainland China
The Central Bank of China Reiterates All Crypto-related Transactions are Illegal
The Chinese government once again stepped up its suppression of cryptocurrency transactions, and the Chinese central bank stated that all cryptocurrency-related transactions are illegal.
Reasons behind Monday’s Crypto Market Sell-off Panic: Evergrande Group shaky Bankruptcy Threat Ahead
The fall down of the Chinese real estate giant Evergrande Group swept the entire cryptocurrency market. Evergrande’s financial crisis caused investors to worry about China’s catastrophic debt default, which caused panic selling in the market.
U.S. Blockchain-organisation BBA Publishes Crypto Toolkit Guidelines for Regulatory Consideration
The Boston Blockchain Association (BBA) has published a toolkit that will guide Massachusetts lawmakers in their efforts to create crypto laws.
Binance is Reportedly Under Investigation by the CFTC, Involving Inside Trading
Binance cryptocurrency exchange has come under the regulatory radar again. Reportedly, it is with the US Commodity Futures Trading Commission (CFTC).
Kyrgyzstan Shuts Down Over 500 Illegal Crypto Miners
Kyrgyzstan has moved to stem the rise of illegal crypto mining activities in the country by disrupting the activities of a network of unauthorized operators.
Binance Exchange to Work with Regulators by Building a Centralized HQ
Binance exchange CEO Changpeng Zhao said the crypto exchange would look to establish a centralised base of operation to ease the relationship with regulators.
Former BitMEX Executive Agrees to be Extradited Back to the US as Trial Drags on
Former BitMEX executive Gregory Dwyer has finally agreed to be extradited to the US to face charges of banking law violations.
Ukraine Parliament Passes Legislation by Legalizing Crypto
The Ukrainian Parliament has passed a bill draft in the second reading Wednesday concerning legalising and regulating cryptocurrency and other virtual assets, such as tokens.
Coinbase CEO Calls Out US SEC For Using Intimidation Tactics
Coinbase CEO has faulted the SEC for resorting to intimidation rather than provide needed regulatory clarity.
