Regulation
Nigeria’s SEC Establishes Specialist Division to Study Crypto Investments
The country’s markets regulator will oversee crypto once banks are allowed to handle it.
SEC’s Gensler Lays Out US Crypto Regulation Stance to European Parliament
The chairman reiterated statements he has made in interviews elsewhere.
Singapore Grants Digital Token Payment Licenses to FOMO Pay
The city-state granted an “in principle” license to Independent Reserve in August.
Market Wrap: Bitcoin Slips Below $48K as Focus Shifts to Regulation
Bitcoin is in pullback mode as China and the SEC have traders’ attention.
Slovenia Financial Agency Proposes New 10% Crypto Tax
The measure is supposed to make cryptocurrency-related tax reporting easier.
2 New Bills Ask CFTC to Clarify Crypto Regulation, Prevent Price Manipulation
Crypto-friendly congressman Darren Soto (D-Fla.) is the sponsor of both bills.
South Korea’s Top Financial Regulator Is Forming a Dedicated Crypto Bureau
The Crypto Asset Monitoring Bureau will officially launch in September and oversee licensing for exchanges and other operators, among other responsibilities.
The Latest on Congress’s Crypto Tax Provision
CoinDesk’s Global Policy & Regulation Managing Editor Nikhilesh De discusses the latest on the Senate’s $1 trillion bipartisan infrastructure bill now that the U.S. House of Representatives is finally taking it up. Plus, Federal Reserve Chairman Jerome Powell is expected to speak on the tapering roadmap at Friday’s Fed’s Jackson Hole meeting.
BitGo CEO Talks Bitcoin, Crypto Regulation, WBTC
Over the past 30 days, bitcoin is up about 40%, trading at just below $50,000, although it is likely to face resistance towards the $55,000 mark. Mike Belshe, CEO of crypto custodian BitGo, discusses the potential catalyst for the rally and how much of the current regulatory environment has to do with the crypto markets. Plus, his outlook on the growth of wrapped bitcoin (WBTC).
Most Executives Reportedly See Digital Assets as Strong Fiat Alternative in Next 5–10 Years
76% of executives around the world think digital assets will be a “strong alternative to or replacement for” fiat in the next five to 10 years, according to a new survey by Deloitte. Cybersecurity, regulation and privacy were seen as the biggest obstacles to global crypto adoption.