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SEC Chair Gary Gensler Calls for Crypto Firms To Register Following Binance, Coinbase Charges
6.6.2023
Conversations with crypto firms have been constructive, but they also need to be compliant with securities laws, said US Securities and Exchange Commission Chair Gary Gensler.
Gensler spoke to CNBC Squawk Box on Tuesday morning, a mere hour or so after the agency announced charges against...
US Senator Warren Calls Out Crypto’s Role in Fentanyl Transactions
1.6.2023
US Sen. Elizabeth Warren called out cryptocurrency’s role in fentanyl drug transactions and pushed for her bill to combat money laundering during a congressional hearing on Wednesday.
The Massachusetts Democrat, and longstanding crypto critic, said her bill, the Digital Asset Anti-Money Laundering...
U.S. Sen. Elizabeth Warren Calls for Shutdown of Crypto Funding for Fentanyl
31.5.2023
U.S. Sen. Elizabeth Warren (D-Mass.) cited the rampant use of cryptocurrency in the Chinese fentanyl trade during a Wednesday Senate hearing, arguing for legislation to help break that pipeline
EU, US should push for AI code of conduct: EU tech chief
31.5.2023
The EU tech chief spoke to members of the EU-U.S. Trade and Technology Council about the need for a voluntary code of conduct prior to the forthcoming laws
BRICS Bank to Offer More Loans in Local Currencies — President Calls for ‘Diversified Global Currency System’
31.5.2023
The New Development Bank (NDB), aka the BRICS bank, is seeking to offer more loans in local currencies to reduce dependence on the U.S. dollar and avoid foreign exchange risk. “We need to create a diversified global currency system,” NDB’s president stressed, adding: “In the future, it...
Robert Kennedy Jr Slams SEC for Protecting Banks Instead of American People — Calls for Crypto-Friendly Commissioners
30.5.2023
U.S. presidential candidate Robert F. Kennedy Jr. says he does not want anti-crypto people on the Securities and Exchange Commission (SEC). He also slammed the securities regulator for protecting banks rather than the American people. “What they’re doing is obscure, it’s...
Moody’s on De-Dollarization: Rating Agency Labels US Debt Default a ‘Near-Term Danger to the Dollar’s Position’
27.5.2023
As calls for the creation of a global alternative to the greenback grow, credit rating agency Moody’s said on May 25 that rival currencies such as the euro and the Chinese yuan do not yet threaten the U.S. dollar’s position as the world’s reserve currency. The agency said...
Microsoft's Smith Calls for More Regulation of Artificial Intelligence
26.5.2023
Artificial intelligence (AI) may the “the most consequential” technological change in our lifetime, and governments now need to learn how to control it, according to Microsoft President Brad Smith.
Speaking at a panel discussion in Washington, D.C. on Thursday, Smith said that “government needs...
One of Ripple Labs' Top Defense Lawyers Calls it Quits in U.S. SEC Lawsuit
25.5.2023
The crypto industry awaits the summary judgment in the ongoing case between the US SEC and Ripple.
But while that stands, one of Ripple Labs Inc.’s key defense lawyers, Attorney Kylie Chiseul Kim, announced withdrawal from the case.
Kim filed a motion in the Southern District of New York...
Chinese state media removes video on crypto after Binance CEO calls it 'big deal'
25.5.2023
Although China has maintained a hostile stance against crypto, the recent developments in Hong Kong got many to speculate about its impact on China
Web3-Friendly Browser Brave Introduces NFT-Gated Video Calls
24.5.2023
The new tool for its Brave Talk video service allows hosts to use NFTs and POAPS to manage access to calls
UN Secretary-General Says Global Financial System ‘Outdated, Dysfunctional, Unfair’ — Calls for Reform
24.5.2023
United Nations Secretary-General António Guterres says the current international financial system is “outdated, dysfunctional and unfair.” He stressed: “There is a systemic and unjust bias in global economic and financial frameworks in favor of rich countries, which is naturally generating great...
Binance denies fund mismanagement allegations, calls it ‘conspiracy theory’
23.5.2023
A mainstream report citing multiple insiders claimed that Binance mingled customer's funds with corporate funds at Silvergate Bank
UK Parliament's Treasury Committee Calls for Cryptocurrency Regulation, Citing Gambling-Like Risks
23.5.2023
The UK Parliament’s Treasury Committee has called for unbacked cryptocurrencies to be regulated in the same way as gambling, saying speculation in these assets “more closely resembles gambling than it does a financial service.”
“Regardless of the regulatory regime, their price volatility...
South Korea's Ruling Party Calls to Expedite Bill on Lawmakers' Crypto Disclosures: Report
23.5.2023
The leader of South Korea's ruling People Power Party wants a new bill requiring lawmakers and high-level government officials to declare their cryptocurrency-related assets to be implemented within two months
UK Lawmakers Call for Crypto Trading to Be Regulated as Gambling
21.5.2023
A committee of British lawmakers has recommended regulating crypto trading as gambling. Viewing retail trading of cryptocurrencies as more akin to gambling rather than a financial service, the U.K. Treasury Committee stated that “Cryptocurrencies such as bitcoin have no intrinsic value and serve...
Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise Funds at $1BN Valuation, Ledger Co-founder Calls Recover Service Launch a 'Horrible Mess'
19.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bank of England to Reject Revolut's Banking Licence Application, ASX Abandons Blockchain, HashKey to Raise...
FATF President Calls on G-7 To Take the Lead To Regulate Crypto Ahead of Japan Summit
18.5.2023
The president of a global money laundering and terrorist financing watchdog is calling on the G-7 to put an end to “lawless spaces” and to take the lead to regulate cryptocurrencies.
Financial Action Task Force President Raja Kumar called on the finance ministers from some of the world’s seven...
BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies
18.5.2023
South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that...
South Korean Prime Minister calls for disclosure of crypto holdings by high-ranking officials
17.5.2023
Prime Minister Han Deok-soo reportedly believes that including cryptocurrency in property registration is the right thing to do