Bitcoin Regulations News

Bitcoin (BTC) was invented to challenge the hegemonic order of global finance, so naturally it has had a tense relationship with regulators since its early days. The technical and social roots of cryptocurrency largely stem from communities with a deep distrust of the state. From its design to its driving narratives, Bitcoin is a dissident technology. 

However, due largely to founder anonymity, decentralized development and distributed architecture, Bitcoin has persisted despite early attempts by regulators to suppress the technology. 

Nowadays, the legality of Bitcoin is not as ambiguous, and ongoing regulatory efforts are trying to situate it within finance rather than keep it out — from consumer protection and tax regulation to launching institutional investment vehicles such as exchange-traded funds (ETFs).

The challenge and concern around Bitcoin regulation is how patchwork legislation across jurisdictions may hinder the growth and maturation of the crypto economy that is intended to be a borderless, open financial system. 

During his time as Fed chair, Powell has said the agency was “working proactively to issue a CBDC” but was unlikely to support a blanket ban on crypto.
President Biden picks Jerome Powell to be next Fed chair
Turner Wright
A wave of political goodwill and support for Bitcoin is building up. Is this just hype, or will there be long-lasting support for crypto?
Bitcoin bulls in City Hall: Meet America’s crypto mayors
Jinia Shawdagor
It's not a decentralized exchange in the truest sense of the word, but a peer-to-peer token swap platform under the oversight of Square.
White paper introducing Jack Dorsey's decentralized Bitcoin exchange published on Friday
Zhiyuan Sun
In addition to calling for greater regulation in the cryptocurrency industry, President Tokayez contemplated the introduction of a digital Kazakhstani tenge.
'We are the number two crypto miner in the world, and we see practically no financial return,' says Kazakhstan President Tokayev
Zhiyuan Sun
Robinhood’s chief legal officer is not enamored with a recent Coinbase proposal for a separate regulatory body for the crypto space.
Robinhood exec says proposal for a single digital asset regulator is stupid
Keira Wright
Market Analysis
Last week, bulls had a $715 million advantage when Bitcoin price was above $68,000, but the current downturn gives bears a chance to turn the tables.
Here’s why bears hope to pin Bitcoin under $60K ahead of Friday’s $1.1B options expiry
Marcel Pechman
The service would only be available to institutional investors for now, but Fidelity is also launching Bitcoin ETFs to cater to retail interest.
Fidelity clears regulatory hurdle to become Canada’s first institutional Bitcoin custodian
Zhiyuan Sun
Market Analysis
ETH’s 13% drop to $4,100 led to $200 million in futures liquidations, but pro traders still have reason to stay long and strong.
Traders watch for a trend reversal after Ethereum price drops to $4,100
Marcel Pechman

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