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“# IMF urges El Salvador to remove Bitcoin’s status as legal tender ” Members of the executive board at the International Monetary Fund are urging lawmakers in El Salvador to no longer recognize Bitcoin as legal tender. The IMF reported on Tuesday that though digital payments had the potential to increase financial inclusion in the…
“# U.S. Congressman calls for ‘Broad, bipartisan consensus’ on important issues of digital asset policy ” In a letter to the leadership of the United States House Financial Services Committee, ranking member Patrick McHenry took a jab at “inconsistent treatment and jurisdictional uncertainty” inherent in U.S. crypto regulation and called for the committee to take…
“# Germany’s 2021: New regulations, the digital euro and NFTs on the rise ” An interesting year has come to an end for the crypto industry in Germany. Although blockchain technology and cryptocurrencies have not yet found wide acceptance in the country, more and more domestic institutions and investors are becoming interested in the crypto…
“# Thai regulators team up to issue guidelines on digital assets payments ” The Bank of Thailand (BOT), the Securities and Exchange Commission (SEC) and the Ministry of Finance (MOF) have come together to review and issue guidelines on the use of digital; assets as a payment tool. In a joint press release on Tuesday,…
“# Indonesian regulator takes cue from Islamic NGOs, bars crypto sales for institutions ” Indonesia’s financial watchdog the Otoritas Jasa Keuangan (OJK) warned financial institutions in the country against offering or facilitating crypto-asset sales. On Tuesday, the official Instagram account for OJK posted a warning against the growing number of crypto Ponzi schemes and risks…
“# Bithumb to block crypto withdrawals to unverified private wallets ” Starting on Jan. 27, the South Korean crypto exchange Bithumb will not allow users to withdraw their crypto assets to unverified private wallets. On Jan. 24, the exchange announced that it would be the second of the four major exchanges in the country to…
“# House members call for an end to lawmakers trading stocks — is crypto next? ” Congresspeople currently HODLing or actively trading in crypto may have to stop doing so while in office if recent pushes to ban lawmakers from investing in stocks gain enough support. In a Monday letter addressed to Speaker Nancy Pelosi…
“# Law Decoded: When central banks seek public discussion, Jan. 17–24 ” Last week, two central banks dropped public reports that can have a sizable impact on the crypto landscape in their respective countries and beyond. The U.S. Federal Reserve published a discussion paper entitled “Money and Payments: The U.S. Dollar in the Age of…
“# Uniswap founder’s bank account shut down by JP Morgan Chase, shadow-debanking allegations surface ” On Sunday, Hayden Adams, CEO and founder of popular decentralized exchange, or DEX, Uniswap (UNI), claimed that his JP Morgan Chase bank accounts were shut down with no explanation. In addition, Adams stated that the incident was personal in nature…
“# No regrets for NYC mayor receiving his first Bitcoin paycheck during dip ” Bitcoin (BTC) is a New York state of mind thing for Eric Adams, the crypto advocate serving as the 110th Mayor of New York City. He received his first Bitcoin payout on Friday during some epic downward price action, and was…