The U.S. Securities and Exchange Commission (SEC) plans to clarify when and how cryptocurrencies may be classified as securities, and will do so in "plain English."The chairman of Deltec Bank & Trust says a widely scrutinized letter about stablecoin issuer Tether's account at the Bahamas-based institution is "authentic." Switzerland's Financial Market Supervisory Authority … [Read more...] about ICO Guidance in "Plain English"
Lummis, who sits on the Senate Banking committee, wants nothing short of full normalization for digital assets in the U.S., the aide said. Her upcoming bill will propose doing just that with federal rules for stablecoins, consumer protection provisions and updated taxation guidance, as well as the new watchdog: a self-regulatory organization administered by the executive … [Read more...] about Lummis to Propose New Crypto Regulator, Clear Guidance in 2022 Bill
This October, the Financial Action Task Force (FATF), the global anti-money laundering watchdog, is expected to adopt sweeping updates to its guidance on virtual assets and virtual asset service providers (VASPs). The FATF’s guidance will have a profound and widespread impact on the shape of regulation facing the crypto industry. Any business operating in the crypto space needs … [Read more...] about [SPONSORED] Getting Ready for The FATF’s Upcoming Virtual Asset Guidance
Policy“What I discourage here at the CFTC is bringing enforcement actions without giving [crypto firms] the tools they need to be compliant.” Stump said.By Jamie CrawleyDec 8, 2021 at 9:42 a.m. UTCUpdated Dec 8, 2021 at 9:42 a.m. UTCCFTC (Shutterstock) Source link … [Read more...] about CFTC Commissioner Says US Regulators Should Issue Clear Guidance Before Punishing Crypto Firms: Report
One of the largest bitcoin miners, Riot Blockchain (RIOT), raised its 2022 guidance for its mining power to 9.0 exahash per second (EH/s) from the previous forecast of 8.6 EH/s, marking the second increase to its 2022 guidance within a month.Riot attributed the increase to the purchase of 3,000 of Bitmain’s latest mining machines, the S19XP, which are expected to be delivered … [Read more...] about Riot Blockchain Raises 2022 Hashrate Guidance for Second Time in a Month