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Regulators

Central Bank Digital Currencies Could be Next Step in Evolution of Money, BIS Reports

The Bank for International Settlements (BIS) says central bank digital currencies (CBDCs), which are new forms of digital fiat guaranteed…

June 28, 2020

New York Regulator Proposes Cryptocurrency Overhaul to Boost Adoption of Digital Assets

The New York Department of Financial Services (NYDFS), which regulates the state’s financial infrastructure, is proposing a plan that would…

June 25, 2020

Accounting Giant Ernst & Young Launches Automated Crypto Tax Platform

Ernst & Young (EY) says crypto traders can now track their annual gains and losses on cryptocurrencies across all major…

June 22, 2020

SEC Targets Crypto Investment Fund, Alleges Pennsylvania Brothers Sent Millions to Personal Bank Accounts

The US Securities and Exchange Commission (SEC) is accusing two brothers based in Pittsburgh, Pennsylvania of running a fraudulent crypto investment…

June 20, 2020

XRP Fails Howey Test and Is Not Security, Says Former CFTC Chairman Christopher Giancarlo

In an op-ed released on Wednesday, former Chairman of the US Commodity Futures Trading Commission (CFTC) Christopher Giancarlo and his…

June 17, 2020

Bank of Korea Officially Launches Advisory Group for Central Bank Digital Currency and Cryptocurrenices

The Bank of Korea (BOK) is ramping up efforts for the possible launch of a digital currency. The central bank…

June 15, 2020

Regulators Strip Licenses From Hundreds of Companies Operating Crypto Ventures in Europe

Regulators in Estonia have stripped 500 cryptocurrency licenses from firms operating in the country in a nationwide crackdown on the…

June 15, 2020

Multitrillion-Dollar Asset Manager Fidelity Will Serve As Custodian for New Bitcoin Trust

Fidelity Digital Assets, the Bitcoin and crypto custody arm of financial titan Fidelity Investments, which manages $7.3 trillion in client…

June 13, 2020

Top US Bank Regulator: Bitcoin, Ethereum and XRP Solve Many Problems Hindering Legacy Financial Institutions

The Trump administration's new Acting Comptroller of the Currency, Brian Brooks, is pitching blockchain technology as a potential game changer…

June 13, 2020

US Congressman: Bitcoin (BTC) Is Great Store of Value, Central Bank Printing Has Consequences

US Congressman Warren Davidson thinks Bitcoin is a great store of value while taking shots at central banks for their…

June 10, 2020