Browsing Category
Regulations
Norway’s government proposes eliminating reduced electricity tax for Bitcoin miners
Trygve Slagsvold Vedum, the finance minister of Norway, has suggested the government abolish a scheme that allows crypto data centers to pay a reduced rate on electricity.In an Oct. 6 announcement, the government of Norway proposed that…
SEC staff reportedly unhappy with Gensler over Kim Kardaishan ‘publicity stunt’
The U.S. SEC’s enforcement staff are reportedly unhappy with Chairman Gary Gensler over his “publicity stunt” concerning the recent settlement fine paid by Kim Kardashian, Fox Business Network’s Charles Gasparino reported on Oct. 5.
SCOOP…
Russia blocks OKX website for alleged unreliable financial information: Reports
The website of crypto exchange OKX was blocked in Russia by the state media monitoring service Roskomnadzor on Oct. 4. The agency told the TASS news agency that the website was blocked at “the request of the Prosecutor General’s Office for…
SEC opposes third parties seeking to prove utility of Ripple blockchain
The U.S. Securities and Exchange Commission (SEC) has filed a motion to oppose two firms seeking to present evidence in support of Ripple in the ongoing SEC vs. Ripple lawsuit.
On Sept. 30, payment remittance firm I-Remit Inc. and aircraft…
US lawmakers request Justice Dept share CBDC assessment
Republican members of the U.S. House Financial Services Committee have requested the Department of Justice provide its assessment and legislative proposals regarding a digital dollar within ten days.In an Oct. 5 letter addressed to U.S.…
South Carolina treasurer goes on Bitcoin ‘fact-finding trip’ to El Salvador
Curtis Loftis, the treasurer for the U.S. state of South Carolina, spent five days in El Salvador as part of an “exploratory trip” on cryptocurrencies.According to an Oct. 5 announcement, Loftis was part of a delegation including South…
Nexo co-founders address recent cease and desist orders from US state regulators
Nexo co-founders Antoni Trenchev and Kalin Metodiev hosted an AMA on Oct. 4 in which they addressed recent cease and desist orders issued by several U.S state regulators.
Given the turmoil of the last few months, the pair also tabled…
Nasdaq needs clear regulations before launching crypto exchange, says VP
Nasdaq, the United States stock exchange, has no immediate plans to launch a crypto exchange until there’s better regulatory clarity from policymakers, said Tal Cohen, the company’s executive vice president.In an interview with Bloomberg, …
US consumer protection watchdog warns crypto could pose risk to financial stability
A federal U.S. government organization said crypto markets pose a threat to broader financial stability if they continue growing without more thoughtful oversight and enforcement.
The Financial Stability Oversight Council (FSOC) is chaired…
Crypto ATMs emerging as popular method for crypto scam payments: FBI
The United States Federal Bureau of Investigation (FBI) Miami Field Office has warned that crypto ATMs are emerging as a popular method that scammers use to receive funds from defrauded victims. The information was revealed as part of an…