On Friday, credit rating agency Fitch published a research piece about Russia's proposed ban on cryptocurrencies. Although the report agreed with the Central Bank of Russia's (CBR) position that the ban would limit its financial system's exposure to risks, it also cautioned that such a proposal could "hold back the diffusion of technologies that could improve productivity."In … [Read more...] about Fitch says proposed Russia crypto ban eases risks but curbs innovation
Proposed
Reddit Confidentially Submits Draft Registration Statement for Proposed IPO
Reddit has confidentially submitted a draft registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock, the company announced on its Twitter page Dec.15.The numbers of shares to be offered and the price range for the proposed offering have yet to be determined, the announcement said.The IPO is expected to … [Read more...] about Reddit Confidentially Submits Draft Registration Statement for Proposed IPO
Basel Committee to Review Proposed Capital Requirements for Banks With Crypto Assets
In Tuesday’s statement, the Basel Committee said its members had reiterated the importance of “developing a conservative risk-based global minimum standard” to manage risks to the banking system from crypto assets that is consistent with the general principles laid out in its previous consultation. Source link … [Read more...] about Basel Committee to Review Proposed Capital Requirements for Banks With Crypto Assets
Cryptocurrency mining under proposed US policy changes
The regulatory scrutiny of blockchains and cryptocurrencies is increasing. From the cryptocurrency mining ban in China to President Joe Biden’s Working Group on Financial Markets, convened by Treasury Secretary Janet Yellen, the economic activities that support and are enabled by blockchains have become a significant concern for policymakers. Most recently, a provision in the … [Read more...] about Cryptocurrency mining under proposed US policy changes
Elon Musk tweets his support over proposed Dogecoin changes
Elon Musk, the at-times controversial SpaceX founder and stop-and-go crypto supporter, voiced his support late Sunday for a set of major updates to the Dogecoin (DOGE) blockchain. The changes would drastically redesign the cryptocurrency’s software architecture and alter its token economics.The popular “joke crypto” appears to be gearing up to become a serious utility coin … [Read more...] about Elon Musk tweets his support over proposed Dogecoin changes