The central bank warned people to be mindful of “the risks of misleading advertisements, particularly on social media, where influencers are being paid to advertise crypto assets.”
OECD opens proposal on tax transparency framework for crypto to public comment
According to the OECD, the crypto market posed a “significant risk” around tax transparency, claiming that any gains will eventually be lost without additional safeguards.
Abu Dhabi rolls out draft recommendations for NFT trading
The emirate’s special economic zone might grant licensed exchanges the right to trade nonfungible tokens.
SEC pushes decisions on WisdomTree’s and One River’s applications for spot Bitcoin ETFs
The regulator said it will extend its window for the decision on WisdomTree’s Bitcoin investment vehicle to May 15 and One River’s to June 2.
US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets
Brad Sherman said the Biden administration should have the ability to tell crypto exchanges not to do “business with Russia-based crypto wallets” amid the situation with Ukraine.
US lawmakers discuss crypto’s role in sanctions, national security and humanitarian aid
“Overattributing cybercrime to cryptocurrency misses critical causes and preventive measures which can be taken,” said former FinCEN acting director Michael Mosier.
Democrat division over crypto isn’t all bad news for regulation
The digital divide between those for and against cryptocurrencies is widening among U.S. policymakers.
Blockchain Association policy head: US shouldn’t compete with China’s CBDC using surveillance tools
“We will not compete against China — an authoritarian dictatorship — by also acting like an authoritarian dictatorship,” said Jake Chervinsky.
Ukraine’s president signs law establishing regulatory framework for crypto
The country’s National Securities and Stock Market Commission will determine policies on digital assets, issue licenses to crypto firms and act as a financial watchdog
Biden’s pick for Fed vice chair for supervision withdraws amid Republican objections
“We are witnessing a drive to make financial risk a tawdry political issue,” said Sarah Bloom Raskin.
US and EU double down on measures against Russia potentially using crypto to evade sanctions
“The use of cryptoassets to circumvent economic sanctions is a criminal offence,” said U.K. regulators.
Bitcoin derivatives metrics reflect traders’ neutral sentiment, but anything can happen
BTC price is caught in the middle of a game of tug-o-war, as evidenced by the fact that pro traders are equally pricing upside and downside risk instruments.
SEC rejects spot Bitcoin ETF applications from NYDIG and Global X
The New York Digital Investment Group and Global X originally filed applications with the SEC for spot Bitcoin ETF listings in June and August 2021, respectively.
FBI director: Russia overestimates its ability to bypass US sanctions using crypto
Christopher Wray cited the FBI’s recent work in seizing large amounts of crypto as evidence there were vulnerabilities in using digital assets to get around sanctions.
Republican lawmakers introduce bill targeting China’s CBDC on sanctions, privacy
“This bill holds China accountable as they introduce their new digital currency,” said Senator Bill Cassidy.
Softer-than-expected crypto regulation and stocks’ rebound position Bitcoin for a $42K close
The Biden administration’s dovish approach to crypto sector regulation and a bounce in equities markets could give bulls a boost in Friday’s $790 million options expiry.
Regulators and industry leaders react to Biden‘s executive order on crypto
“The proverbial doors of policymakers are wide open, this is now a national conversation in the U.S.,” said Circle CEO Jeremy Allaire.
Sanctions on Russia and Belarus will include crypto — European Commission
The expansion of sanctions follows the commission announcing in February that it would be removing several Russian banks from the SWIFT cross-border payment network.
Dubai establishes virtual asset regulator and announces new crypto law
The Sheikh said the regulator will have authority in Dubai’s special development zones and free zones with the exception of the Dubai International Financial Centre.
Treasury to launch financial education initiative around crypto investments
More education and awareness for crypto asset investing “would be helpful” according to Treasury officials.