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Posts published in “Bitcoin Regulation”

Russia Central Bank Head: Cryptocurrency Craze Is ‘Fortunately Fading Away’

Elvira Nabiullina Russia central bank

The head of Russia’s central bank has announced the “cryptocurrency craze” is “starting to fade away” – and that this is a “fortunate” event. Nabiullina: Businesses Taking ‘Sober Approach’ To Blockchain Speaking during the country’s fourth FINOPOLIS innovative financial technology forum in Sochi October 17, Bank of Russia’s Elvira Nabiullina signaled a change in the stance of “businesses” towards technologies such as Blockchain and ICOs. “We’re holding this forum for the fourth time, and in

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Pantera Capital CEO: A Bitcoin ETF is ‘Years Away’

Pantera Capital CEO Dan Morehead believes a Bitcoin-ETF approval is insignificant in comparison to Bakkt and Fidelity launching cryptocurrency trading platforms for institutional investors. Too Early for a Bitcoin ETF, Says Pantera Capital CEO Yesterday, Pantera Capital founder and CEO, Dan Morehead spoke with Messari director of business development and panel moderator Katherine Wu at Bloomberg’s Institutional Crypto Conference. Pantera Capital has made media waves lately as the firm is one of the first blockchain

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Crypto Trading Ban Won’t Work, Says Hong Kong’s Top Financial Regulator

Hong Kong cryptocurrency

Carlson Tong Ka-shing believes Hong Kong needs a more robust regulatory framework for cryptocurrency trading. The soon-to-be former head of the Hong Kong Securities and Futures Commission (SFC) has called for greater emphasis on investor protection in the volatile virtual currency trading arena. Blanket Cryptocurrency Trading Ban isn’t the Right Approach Speaking to South China Morning Post, Tong declared that it would be futile to issue a blanket ban on cryptocurrency trading given the global

The post Crypto Trading Ban Won’t Work, Says Hong Kong’s Top Financial Regulator appeared first on Bitcoinist.com.

‘Nurture Productive Aspects Of Cryptocurrency,’ US Presidential Hopeful Tells Senate

Elizabeth Warren

The US senator and potential presidential contender who suggested cryptocurrency “hurt” American families repeated concerns about the industry on October 11, saying it was “easy to steal.” Warren Argues For Consumer Protection ‘Balance’ In a Senate Banking Committee hearing, Elizabeth Warren voiced fresh worry over the current regulatory climate in Washington, implying balanced rules should come into force. At the same time, Warren poured scorn on ICOs, alleging “a lot of small investors” were being

The post ‘Nurture Productive Aspects Of Cryptocurrency,’ US Presidential Hopeful Tells Senate appeared first on Bitcoinist.com.

Optimism Rises Despite Likely ETF Delays

Optimism has been growing concerning SEC approval for proposed Bitcoin ETFs. However, further delays for a final decision are probably going to occur. One of the bigger unanswered questions inside of the cryptocurrency world has to do with the SEC’s final decision on a variety of Bitcoin ETFs. In August, the regulatory body rejected nine proposed ETFs, but seemingly reversed course on many of them, announcing they would take a second look at two ProShares ETFs,

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Cryptocurrency Regulations Moving Towards Clarity, Says Investment Security Expert

Cryptocurrency Regulations Moving Towards Clarity, Says Investment Security Expert

Julie Myers Wood believes that the era of little or no regulations in the cryptocurrency space is fast becoming a thing of the past. The Guidepost Solutions CEO says regulators will firm up laws to protect investors from bad actors in the industry. The Sun Will Soon go Down on the Cryptocurrency ‘Wild West’ According to the Asia Times, Wood says the steady increase in suspicious activity reports (SARS) emanating from the cryptosphere has US

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DEA: The Number Of Illegal vs. Legal Uses of Bitcoin Has Swapped

If 90 percent of Bitcoin’s applications used to be tied to illegal activities in 2013, today, the cryptocurrency is being used for legal financial speculation in 90 percent of cases. Bitcoin and illegality are found in association only 10 percent of the time currently. Bitcoin’s $4 Billion Volume: 10 Precent Crimes, 90 Percent Trading That’s the data shared with Forbes by the US Drug Enforcement Administration (DEA) agent Lilita Infante. Only a handful of people

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CFTC Chairman: Two-Thirds of Fiat Currency ‘Not Worth Paper It’s Written On’

printing money

The head of the US regulator Commodity Futures Trading Commission (CFTC) sees Bitcoin or other cryptocurrencies helping consumers escape fiat currency in the majority of the world by 2028. Giancarlo: Cryptocurrencies ‘Here To Stay’ As part of comments to CNBC about cryptocurrency regulation in the US, chairman J. Christopher Giancarlo described “two thirds” of fiat currencies currently in circulation as “not worth the polymer or the paper they’re printed on.” “I personally think cryptocurrencies are

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Malta To United Nations: Cryptocurrency Is ‘Inevitable Future Of Money’

Joseph Muscat

The prime minister of Malta, Joseph Muscat, told the United Nations that cryptocurrency is “the inevitable future of money” on September 27 — reiterating his faith in Blockchain technology.  The ‘Blockchain Island’ Reveals Its Cards Speaking at the organization’s 73rd General Debate, Muscat, who has presided over Malta’s official pivot to become a so-called ‘Blockchain Island,’ championed digital innovation and its regulation. “Blockchain makes cryptocurrencies, the inevitable future of money, more transparent, since it helps

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‘Pivot to Asia,’ says Arrington After SEC Subpoena

Noted Crypto investor Michael Arrington announced in a tweet on Friday that his firm Arrington XRP Capital is no longer investing in U.S. token deals. The news comes after the firm received its second subpoena from the SEC. Arrington states that the subpoena was seeking information regarding the firm’s role as an investor in a US based company. Arrington’s announcement is disheartening, but not particularly surprising. The crypto industry continues to expand and mature, but the

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