crypto regulation | Crypto Profit Bot

‘Brutal and unrelentingly hard’: Singapore regulator’s clampdown on crypto

June 24, 2022

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The remarks from the regulator’s chief fintech officer could see the city-state lose its perception as one of the most crypto-friendly countries in the world. 2526 Total views 6 Total shares Singapore’s financial regulator and central bank has pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry. The comments […]

Bermuda confirms crypto hub ambitions despite market downturn

June 6, 2022

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“We are aware of the recent devaluation in the price of cryptocurrencies and remain confident that it does not threaten the island’s ability to become a crypto hub,” said Bermuda’s minister of economy and labor, Jason Hayward. 839 Total views 26 Total shares The Bermuda government is pushing on with its ambitious plans to become […]

Russia will inevitably legalize crypto payments says trade minister

May 19, 2022

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“The question is when this will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this,” said trade minister Denis Manturov. 3804 Total views 83 Total shares Russia will legalize crypto payments “sooner or later,” according to the Minister of Industry […]

SEC’s Hester Peirce says new stablecoin regs need to allow room for failure

May 13, 2022

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The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. 1877 Total views 5 Total shares Commissioner Hester Peirce — also known as the United States Securities and Exchange Commission’s (SEC) “crypto mom” — has backed a regulatory framework for stablecoins […]

Bipartisan bill to give CFTC authority over exchanges and stablecoins

April 29, 2022

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The Digital Commodity Exchange Act would give the commodities regulator the authority to determine rules for cryptocurrency developers and exchanges offering spot trading. 1412 Total views 29 Total shares A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under […]

Senators Bragg and Lummis discuss crypto laws collaboration between US, Australia

April 29, 2022

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Australian Senator Andrew Bragg hasmet with U.S. Senator Cynthia Lummis to discuss potential collaboration on cryptocurrency regulation between the two countries. Senator Bragg is a crypto-friendly politician from the ruling Liberal Party (a conservative center right party) that has been one of the driving forces behind a proposed forward-thinking regulatory scheme in Australia. Last year […]

Bank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto

April 22, 2022

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The regulator says it’s “committed to keeping pace” with the risks of “the growth of crypto assets”, upping its budget by $31 million in preparation. 539 Total views 6 Total shares The Bank of England’s regulatory arm has raised its budget by $31.6 million (£24.3 million) for the coming financial year saying that costs have […]

German banking giant Commerzbank applies for crypto license

April 21, 2022

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A spokesperson for Commerzbank confirmed to local media that it applied for the license with BaFin earlier this year in a first for a major bank in Germany. 1351 Total views 53 Total shares One of the largest banking institutions in Germany has confirmed it applied for a local crypto license earlier this year, marking […]

BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York

April 19, 2022

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The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best support” the industry. 840 Total views 17 Total shares The cost of running a crypto business in New York is about to rise with the […]

Haven Protocol (XHV) shows strong signs of bottoming out after crashing 90%

March 11, 2022

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Haven Protocol (XHV) showed signs of returning to its bullish form as its price doubled in just five days of trading. What’s pumping Haven Protocol? XHV’s price surged by up to 107% week-to-date to climb above $3.60 on March 11, its highest level in more than three months. Interestingly, the move upside followed a period […]

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Category: crypto regulation