A top US banking regulator has warned the institutions under its supervision of the risks and concerns of engagement with cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The Federal Deposit Insurance Corporation (FDIC) issued a financial institution letter (FIL) titled ‘Notification of Engaging in Crypto-Related Activities’ on April 7. In it, the agency focuses […]
A digital dollar could become a «trusted money comparable to physical cash,» U.S. Treasury Secretary Janet Yellen said in her first speech on digital assets on Thursday. Speaking to attendees at an American University event, Yellen highlighted the extreme divergence of perceptions about crypto, saying that’s often the case with “transformative” technology. “Some proponents speak […]
The Slovenian government Thursday unveiled a flat-rate tax on crypto redemptions, and asked parliament to move quickly to approve. The proposed tax – part of the government’s post-covid recovery plan – would be due when virtual currencies are sold or exchanged, and would be set at an effective rate of just under 5%. The goal, […]
The Financial Conduct Authority said it is adding 80 staff to bolster its efforts to crack down on companies that do not meet regulatory standards as part of a three-year strategy to reduce consumer harm, raise standards and increase competition. The U.K.’s financial services regulator said closing down companies that fail to meet basic regulatory […]
The Biden administration has announced the nomination to the SEC Commission of an advisor to Pat Toomey, one of the most pro-bitcoin Senator in the United States. Mark T. Uyeda (pictured right), the current Securities Counsel at the Senate Committee on Banking, has experience in SEC’s Division of Investment Management. That’s the department that is […]