“DeFi presents unique challenges to both builders and regulators, and Polymarket remains committed to working with regulators to ensure that the rules currently governing digital assets and DeFi are sufficiently clear, allow for innovation in the United States, and protect individuals’ interests and the integrity of U.S. markets,” Polymarket said in its statement. “We remain … [Read more...] about Polymarket’s CFTC Fine Hints at DeFi Regulation Roadmap
Fine
India to set maximum penalty for violating crypto norms at fine of $2.7 million or 1.5 years in jail
On Tuesday, BloombergQuint (Bloomberg India) reported that the penalty for non-compliance with the Indian government's crypto policies could range from a maximum fine of 20 crore rupees ($2.7 million USD) or 1.5 years in jail. Prime Minister Narendra Modi will likely give cryptocurrency investors a deadline to comply with new rules and declare their assets. Whilst the … [Read more...] about India to set maximum penalty for violating crypto norms at fine of $2.7 million or 1.5 years in jail
‘It’s fine’ to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin
Bitcoin (BTC) may be a “scam” for former United States President Donald Trump, but the former Treasury Secretary appears to have made a U-turn on the world’s first and best-known cryptocurrency.Speaking to CNBC on Wednesday, Steven Mnuchin confirmed that his perspective on Bitcoin had “evolved.”Mnuchin: Bitcoin stance has “evolved a little”The Trump administration was known for … [Read more...] about ‘It’s fine’ to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin