White House on Digital Assets: Serious Threat to BTC
Once again, digital assets find themselves overshadowed by upcoming regulatory actions. This time, it is the US White House issuing a new proposal to put a leash on crypto. Obviously, the environmental footprint of digital assets and specially Bitcoin is the concern. Now, unless the Socrates of our time (wink), Michael Saylor can come up […]
Lummis Bill Considers Cryptocurrencies as Commodities
There has been an argument on whether digital assets are commodities or securities. This simple question could have a serious impact on the future. The Lummis Bill has finally settled the debate stating that most cryptocurrencies are commodities. Basically, securities are regulated by the SEC which has a hostile history towards crypto. On the other […]
Crypto Regulations Will Divide Them in Two Categories
Recently, the Biden Administration took a serious step toward crypto regulations. To begin with, cryptocurrencies are a matter of national security in The US and multiple agencies are responsible to make reports to the Whitehouse regarding the upcoming crypto regulations. Initially, agencies are to analyze and research the sector and basically find out who’s jurisdiction […]
IMF Warns Against Hasty Crypto Adoption
The snowballing effect of crypto adoption is at full force in 2022 as institutions are rushing to join the party. Considering the serious financial, political and social influence of crypto, it does have the potential to rattle some pretty old foundations. The International Monetary Fund (IMF) is concerned with this massive rush for quick crypto […]
New Crypto Regulations Straight Out of EU Parliament
The EU Parliament lawmakers officially criminalized financial anonymity by imposing a series of privacy-invading crypto regulations. The majority of the house voted in favor of a controversial proposal that would require KYC for almost everything. Naturally, industry officials are against this decision saying it would stifle innovation and invade privacy. But, the eye of Sauron […]
US Legislators Oppose the Upcoming Crypto Regulations
Crypto regulations are coming and they are coming like Miley Cyrus riding a wrecking ball. The Biden administration is gearing up toward a massive wave of regulations. In fact, crypto regulations are now urged to be treated as a matter of national security. Needless to say, this is the same administration that printed massive amounts […]