“I’m an advocate for getting regulation in place that makes the most of the potential of the sector whilst protecting consumers,” said the MP.
Industry leaders and policymakers react to passage of MiCA in EU
Many lauded the bill’s approval, suggesting that its anticipated passage could leave the United States at a disadvantage for attracting crypto firms and investments.
CFTC continues to explore digital asset policy considerations in MRAC meeting
Commissioner Kristin Johnson said in prepared remarks that the U.S. digital economy was “witnessing the deployment of Web 3.0”.
Here’s how Kazakhstan aims to enhance its legacy crypto trading framework
The Astana Financial Services Authority, a Kazakh regulator, pointed out that the existing framework dates back to 2018 while proposing certain enhancements.
New Hampshire gov releases report on blockchain following executive order
According to the commission, New Hampshire should work towards building a legal framework “for sound development of blockchain technologies and its applications.”
Wyre imposes up to a 90% withdrawal limit for all users
Wyre imposed a daily withdrawal limit on its platform subject, citing “the best interest of our community.”
Financial Stability Board aims to address crypto-related issues following ‘failure of FTX’
Though the board can make recommendations to global policymakers, it largely acts as an advisory body with no enforcement authority.
Shiba Inu developer says WEF wants to work with project to ‘help shape’ metaverse global policy
Shytoshi Kusama reported Shiba Inu could work alongside Facebook and Decentraland by working on metaverse global policy at the World Economic Forum.
IRS prepares for an increase in crypto cases in the upcoming tax season
The criminal investigation division of the IRS says it is preparing hundreds of crypto-related cases for the upcoming tax season.
38% of US voters will consider candidates’ position on crypto in midterms: Survey
Initiated by Grayscale, the survey suggests crypto regulation is a bipartisan issue, with the majority of Democratic and Republican respondents saying they want clarity.
New regulatory bill grants Uruguayan Central Bank control over the nation’s crypto industry
The Uruguayan government introduced legislation to the parliament on Sept. 5, accelerating industry regulation.
New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear
While serving as the secretary of state for business, energy and industrial strategy, Nadhim Zahawi was part of a department suggesting support for blockchain technology in 2021.
What does the Fed’s fight against inflation mean for crypto? Macro analyst explains
Macro analyst Lyn Alden explains why the Fed’s efforts to curb inflation may take longer than expected and how they will impact the crypto markets.
CFTC and SEC propose amending reporting rules for large hedge funds on crypto exposure
The two U.S. financial regulators cited the growth in the hedge fund industry as the reason for the proposed change, due in part to digital asset investments becoming more common.
Crypto firms failed to deliver ‘promised benefits’ from lawmaker-backed incentives, says nonprofit
“At a minimum, the public should have a say in these crypto handouts,” said the Tech Transparency Project.
Final candidates for next UK prime minister have made pro-crypto statements
The Conservative Party is expected to decide between Rishi Sunak and LizaTruss as the next party leader by Sept. 5, at which point Johnson will officially step down
Crypto Council for Innovation hires government insiders to build leadership team
Linda Jeng and Brett Quick will be joining the council in support of its policy and regulatory affairs team.
US Treasury calls for public comment on digital asset policy, following Biden’s executive order
President Joe Biden’s executive order on crypto from March directed the Treasury Department to take the lead among other government agencies in developing policy recommendations.
IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments
In addition to eco-friendly components, the IMF recommended central banks to include other features in the CBDCs, such as compliance, higher resilience and offline capabilities.
CFTC commissioner appoints senior policy adviser experienced in digital asset regulation
Keaghan Ames worked at Credit Suisse for more than two years as vice president and head of U.S. regulatory policy, which included advising executives on digital assets regulation.