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Proposed FinCen Rule on Crypto Wallets Would Likely Be Ineffective, Elliptic Says
31.12.2020
In its public response to the US Treasury Department’s proposed rule, the blockchain analytics firm has argued that they are likely to be ineffective and counterproductive
Heavy hitters of crypto call for users to comment on proposed FinCEN wallet rule
30.12.2020
Coinbase is the latest company to go public with its concerns regarding the U.S. Treasury proposal on crypto wallets
Electronic Frontier Foundation: US Government Will Expand Financial Surveillance Through FinCEN’s Proposed Crypto Wallet Rules
24.12.2020
The Electronic Frontier Foundation (EFF) raised concerns about the strengthening financial surveillance through the proposed crypto regulations announced by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The Nonprofit Organization Is Concerned About New Rules...
FinCEN’s Proposed Crypto Wallet Rule Might Hit DeFi
23.12.2020
FinCEN’s proposed rule regulating “unhosted” wallet transfers has a number of potential issues, including unintended consequences for decentralized finance
US Treasury Unveils Stifling Crypto Wallet Regulation — Experts Break Down the Rules
19.12.2020
The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, has unveiled its proposed rules on transactions involving cryptocurrency wallets. Experts in the crypto community have weighed in on what the new proposed regulation means, what crypto owners should do,...
Analysts say Mnuchin’s proposed self-custody rule won’t impact Bitcoin price
19.12.2020
Analysts debate whether the U.S. Treasury Secretary’s new rule about self-custodied wallets could place the current bull run in peril
Women in Tech Say Proposed STABLE Act Harms Those It Claims to Protect
11.12.2020
Women of color from the cryptocurrency industry are concerned the STABLE Act would make wealth disparities in the U.S. much worse
Proposed U.S. Law Could Slap Twitch Streamers With Felonies For Broadcasting Copyrighted Material
10.12.2020
The United States government is, as we all know, extremely functional. It’s so functional, in fact, that it regularly struggles to pass spending bills in order to prevent itself from shutting down. The latest “must-pass” bill, like many of its predecessors, includes controversial measures that...
New Stimulus Proposals Gain Support While Lawmakers Push for Second Stimulus Checks to Help Americans
7.12.2020
Two new stimulus packages have been proposed while lawmakers continue to push for second stimulus checks to help Americans cope with the coronavirus-led economic crisis. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell want to add stimulus measures to the spending bill that...
New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval
4.12.2020
Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen...
Ruble or Rubble? Russian Institutions Have Concerns About Proposed CBDC
1.12.2020
Russian banks and financial brokers are worried the digital ruble will be a burden for them
Facebook’s Libra Crypto Gets Ready to Launch in January as a Single Coin
28.11.2020
Facebook’s libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency, a scaled-down version of its original plan. The launch date for Facebook’s libra could be as early as January. Launch Date for Facebook’s Libra The cryptocurrency libra, proposed...
Crypto users speak out on proposed change to FinCEN Travel Rule
23.11.2020
“This proposal, if adopted, would prove to be an invasion of privacy."
OCC Wants to End Banks’ Discrimination of Disfavored Businesses Including Crypto Companies
23.11.2020
The OCC is proposing a rule change that compels large U.S. banks to offer and provide fair access to financial services to anyone that wants them. The proposition seeks to clarify the obligation of large banks to provide fair access to financial services in a manner consistent with the Dodd-Frank...
IBM Scores Patent on Proposed Blockchain Consensus for Transactions in Multiplayer Games
16.11.2020
The patent was awarded to IBM last week and proposes using a blockchain consensus model to carry out and verify purchases made within multiplayer games
Russia Proposes New Rules and Penalties for Cryptocurrency Owners
13.11.2020
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation...
Russia's proposed crypto amendments have a major blind spot
12.11.2020
The Ministry of Finance is proposing harsh prison sentences for crypto holders, but what about shadow exchanges and darknet criminals?
Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC
23.10.2020
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China
Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
20.10.2020
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain...
Digital Ruble: Russia Unveils Plans to Test Central Bank Digital Currency
20.10.2020
As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of bitcoin retail investors can buy. Russia’s Central Bank Plans Digital Ruble The central...