India’s finance minister and reserve bank governor both cautioned India against embracing cryptocurrency this week. Their reasoning? It’s what authorities in other countries are telling them. But the father of modern India, Mahatma Gandhi, …
U.S. Securities and Exchange Chairman Jay Clayton just delivered a rebuke to cryptocurrency backers, alleging that Bitcoin is unlikely to trade on a major US exchange until it’s much better regulated. Crypto’s Not Ready for Prime-Time The chairman of the independent agency of the United States federal government stated in his opening speech at Delivering […]
The post SEC Chief: You’re ‘Sorely Mistaken’ if You Think Bitcoin’s All Grown Up appeared first on CCN.com
The Dutch central bank has run out of patience with the crypto space. The De Nederlandsche Bank (DNB) put certain players on notice that they have until 2020 to register. That’s when they’ll become subject to “integrity supervision.” On Tuesday, the De Nederlandsche Bank claimed it was required to start supervising crypto-related businesses under the fifth […]
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By CCN Markets: Japan’s central bank has reaffirmed the country’s position as one of the world’s most progressive countries with regards to Bitcoin and other cryptocurrencies. According to the Nikkei Asian Review, a senior Bank of Japan official has stated that the apex financial institution is comfortable with Bitcoin as well as the technology behind […]
The post ‘We Promote Bitcoin and Love Blockchain’, says Japanese Central Banker appeared first on CCN Markets
By CCN Markets: When Trump adviser Mike Pompeo addressed crypto regulation during a Tuesday morning interview, he claimed that he didn’t want to start a “viral moment.” However, at least one of his remarks threatens to spark some blowback from bitcoin …
Facebook has hired a former assistant to Republican Senator Mike Crapo as a lobbyist in their broader campaign to make Libra palatable to crypto skeptics on Capitol Hill. Susan Stoner Zook stopped working as an aide to Crapo back in 2013, according to …
It was hard not to feel compassion for Libra chief David Marcus, watching him deal with angry questioning in Congress two weeks ago. The level of distrust in Facebook has reached new highs – some of the Congressmen and Senators replaced questions with …
Pro-bitcoin SEC Commissioner Hester Peirce says adopting a single global regulatory framework for crypto is an “unwise” approach to governing the budding industry. Peirce says continued communication among the world’s financial regula…
Britain’s financial watchdog has warned investors that they have no regulatory protections to turn to when they buy or sell cryptocurrencies. According to the Financial Conduct Authority, the UK’s Financial Services Compensation Scheme does not cover c…
U.S. Senator Mike Crapo (R-Idaho) admitted that it would be difficult or impossible to ban bitcoin in the United States. The Senator offered a number of positive comments on bitcoin as he chaired the Senate Committee on Banking, Housing and Urban Affai…
For better or worse, bitcoin is now on the global political stage. It was discussed in Congress. Donald Trump slammed bitcoin on Twitter. The Treasury Secretary called cryptocurrencies a national security threat, and the chairman of the Federal Reserv…
In a searing attack on the Indian government, Bitcoin bull Tim Draper wrote off the nation’s proposed ban on cryptocurrency as devastating for its economic and technological progress. Draper also cited inherent corruption at the highest level as …
Peru’s race to evolve its legal system and adapt to the challenges of a “crypto society” has only just begun. In an interview granted to JusticiaTV, the official channel of the Peruvian judicial system, the Superior Judge of that coun…
Economist and Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has hailed a proposed ban on cryptocurrencies in India calling it ‘good news’. According to the New York University economics professor, an actual ban on crypto in the world’s second-most populous…
It is quite evident by now that the government of India doesn’t like bitcoin in particular and cryptocurrencies in general. Regulators in the country have officially clamped down on bitcoin and other cryptocurrencies, with a draft legislation ma…
Central bankers have a lot to say about bitcoin. Federal Reserve Bank of St. Louis President and CEO James Bullard acknowledges that cryptocurrencies are a disruptive force to the economy. Like his boss, Fed Chairman Jerome Powell, Bullard also appears…
US Treasury Secretary Steven Mnuchin again turned his attention to bitcoin this week, warning that the Trump administration would pursue “very, very strong” enforcement of existing financial regulations to stop bad actors from using the cryptocurrency …
As U.S. lawmakers wrestle with what to do with Facebook’s Libra, they are being forced to confront another digital currency that they’ve been trying to avoid like the plague – bitcoin. Unfortunately, the longer lawmakers wait, the more left…
The SEC should approve a bitcoin ETF soon because it could be a major driver of the U.S. economy for the next decade. That’s the opinion of Gabor Gurbacs, the director of digital asset strategy at investment management firm VanEck. Gurbacs made t…
The US Senate Committee on Banking, Housing, and Urban Affairs held a hearing on Facebook’s Libra project this morning, with Facebook crypto chief David Marcus in the hot seat. After a lengthy introduction by Idaho Senator Mike Crapo in which he called…