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“# CFTC renewed: What Biden’s new agency picks hold for crypto regulation ” On Sept. 14, United States President Joe Biden revealed his picks to fill two vacant seats at the United States Commodity Futures Trading Commission (CFTC). In addition, the president nominated Rostin Behnam, who has run the derivatives regulator as acting chairman since…
“# Veteran trader explains when it’s the best time to cash out of the market ” 2021 has been a wild ride for the cryptocurrency market as Bitcoin shocked its naysayers by setting a new record high at $64,863, and the DeFi and NFT sector made headlines around the world. Crypto traders need to be…
“# Texas and New Jersey regulators go after Celsius Network ” The Texas State Securities Board has filed for a hearing with the potential to impose a cease and desist order against crypto lending firm Celsius Network for not offering security licensed at the state or federal level, while the New Jersey Bureau of Securities…
“# Canadian politician says he supports Bitcoin as federal election looms ” Maxime Bernier, founder and leader of the People’s Party of Canada, has said he supports the adoption of cryptocurrencies in the country. In a Tuesday tweet, Bernier said cryptocurrencies are “another new and innovative way” to counter the actions by central banks, which…
“# Bybit crypto exchange suspends services in South Korea ” Bybit, one of the world’s top cryptocurrency derivatives exchanges, will halt some of its services to South Korean users ahead of a licensing deadline. The exchange officially announced on Friday that it will discontinue Korean language support from its platforms as well as its official South…
“# DCG-backed Korean exchange faces closure if it can’t find banking partner ” South Korean crypto exchange Gopax, which is backed by Digital Currency Group, is facing potential closure ahead of the country’s fast-approaching deadline for platforms to submit their requests for an official operating license. To be eligible for a license, all crypto exchanges…
“# Democrat Senator lobbies agencies over the use of crypto in ransomware ” Some U.S. Senators are ramping up the anti-crypto rhetoric again, urging federal agencies to take action against the illicit use of digital assets. Democrat Senator Maggie Hassan is the latest to raise concerns about the use of cryptocurrency as a means of…
“# El Salvador’s credit rating could take hit amid Bitcoin adoption warns S&P Global ” Credit rating agency Standard and Poor (S&P) Global believes the country of El Salvador has severely harmed its credit rating after enacting its Bitcoin Law recognizing BTC as legal tender nationwide on Sept. 7. According to a Sept. 16 report…
“# Korean Finance Minister vows to fight moves to delay the crypto tax code ” South Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022 despite moves this week by the majority Democratic Party to postpone it to 2023. The…
“# Treasury plots stablecoin crackdown even as Tether’s dominance wanes ” The U.S. Treasury Department is reportedly preparing a review highlighting challenges posed by stablecoin redemptions and the effect of a possible run on the crypto asset market. According to a Sept.16 report from Bloomberg citing anonymous sources, Treasury officials are readying policy recommendations designed…