The DoC’s series of 17 questions is set to be published on May 19 and asks for comments from the public that will inform the department’s creation of a regulatory framework for crypto businesses.
Crypto regulation is an umbrella term for the network of laws, statutes and legal practices surrounding the crypto and blockchain industries. Since Bitcoin's 2008 white paper, the legal status of these industries has been the subject of a huge amount of conversation. Lawmakers and regulators have had to cope with an entirely new set of concerns. Some governments have reacted hostilely, seeing crypto as a threat to monetary control. Others have embraced the industry for its capacity to link distant economies and facilitate trustless transactions across the globe. But most of the world is still figuring out exactly how to legislate, regulate and prosecute the set of laws surrounding such a young industry.
After over two years, the feared investigative and prosecutorial team has been reformed by the new President to look into the mess caused by Terraform Labs.1888
“The question is when this will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this,” said trade minister Denis Manturov.2378
"We’re not trying to grow really significantly, but resources to grow at least six percent to grow our enforcement arm in this space," said Gary Gensler.1853
Record spending in a Democratic House primary could not give a political newcomer the boost he needed to overcome a local politician with a long career.750
Chainabuse allows crypto users, victims of financial crimes and crypto businesses to report, discuss and actively issue warnings to reduce the effectiveness of scams.1998
Two Israel-based credit card companies, Max and Isracard, have started working on Bitcoin investment and cashback solutions via a credit card.1620
Peter Grosskopf, co-founder of DeFi project Unstoppable Finance, tells Cointelegraph auf Deutsch what he thinks about new regulations for DeFi.638
Paul-Willem van Gerwen from the AFM believes that retail investors should forbear the crypto derivatives trade.1255
A data analyst on the Isle of Man demonstrated how contactless payments work on Bitcoin’s Lightning Network using an NFC enabled Bolt Card.2973
Regulators in South Korea have issued a new report that offers a bevy of recommendations for how to properly govern the country’s crypto industry.1747
Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.”2003
The crypto hawk Biden appointee will sponsor a panel of 36 financial industry executives, thought leaders and other prominent figures.913
Bank of France Governor François Villeroy de Galhau reportedly said that the recent crypto market volatility had been a “wake-up call” for global regulators.2053
Here is why the archipelago of Madeira is “adopting” Bitcoin and how its president fell down the BTC rabbit hole.6900