Philippine Central Bank Widens Cryptocurrency Regulation — Sees ‘Accelerated Growth’ in Crypto Activity

Philippine Central Bank Widens Cryptocurrency Regulation — Sees 'Accelerated Growth' in Crypto ActivityThe Philippines’ central bank, the Bangko Sentral ng Pilipinas (BSP), has expanded the country’s cryptocurrency regulation after seeing “accelerated growth” in the use of crypto exchanges. The new regulatory framework is in line with the guidelines recommended by the Financial Action Task Force (FATF), according to the central bank. Philippine Central Bank Introduces New Rules […]
Continue reading

Janet Yellen Clarifies Her Stance on Bitcoin — Promises ‘Effective’ Crypto Regulation

Janet Yellen Clarifies Her Stance on Bitcoin, Will Work With Fed Regulators on CryptocurrencyJoe Biden’s pick to become the new U.S. Treasury Secretary, Janet Yellen, has clarified her stance on bitcoin and cryptocurrencies. This follows her remarks during a Senate hearing when she said that cryptocurrencies are mostly used for illicit financing. Janet Yellen Clarifies Her Crypto Plans Janet Yellen clarified her position on the regulation of cryptocurrencies […]
Continue reading

Economist Slams ECB Chief Lagarde’s Bitcoin Remarks as Dangerous for Cryptocurrency Regulation

Economist Slams ECB Chief Lagarde’s Bitcoin Remarks as Dangerous for Crypto RegulationResponding to European Central Bank (ECB) President Christine Lagarde’s recent remarks about bitcoin, the chief economist at investment firm Tressis said what Lagarde implied was “outrageous” and “dangerous” for cryptocurrency regulation. Economist Says Governments Would Be Happy to Implement Strict Crypto Regulations Daniel Lacalle, fund manager and chief economist at Tressis Gestion, commented on Christine […]
Continue reading

FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges

FinCEN to Impose New Regulation for Crypto Holdings at Foreign ExchangesThe Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN, a bureau of the U.S. Department of the Treasury, issued a notice on Thursday regarding a […]

The post FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges appeared first on Bitcoin News.

Continue reading

Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns

Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator WarnsThe top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration. Biden Administration Could Change US Crypto Regulations Acting Comptroller of the Currency, Brian Brooks, shared several concerns regarding […]

The post Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns appeared first on Bitcoin News.

Continue reading