Search Results for: Oversight

Crypto Users and Exchanges Must Now Report Transactions in Colombia

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The Colombian government has issued new regulations that force exchanges and individuals to report cryptocurrency transactions to the UIAF, the anti-money laundering watchdog in Colombia. The transactions must be reported via an online reporting system, and exchanges will be required to…

IMF Tells El Salvador: Los costos de hacer que la moneda de curso legal de Bitcoin supere los beneficios potenciales

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The International Monetary Fund (FMI) has told El Salvador that the costs of implementing the country’s Bitcoin law, which makes the cryptocurrency legal tender, exceed the potential benefits. The IMF has also urged El Salvador to dissolve the “Fidebitcoin” trust fund…

SEC Chairman Gary Gensler Stresses Crypto Trading Platforms Must Be Regulated to Ensure Investor Protection

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Los Estados Unidos. Comisión Nacional del Mercado de Valores (SEGUNDO) is focusing on bringing cryptocurrency exchanges “inside the investor protection remit,” Chairman Gary Gensler has revealed. “If the trading platforms don’t come into the regulated space, eso’d be another year of the public being…

Bitmex Acquiring German Bank to Create ‘Regulated Crypto Powerhouse’ in Europe

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Crypto exchange Bitmex is acquiring a German bank to create “a regulated crypto powerhouse.” The company plans to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.” Bitmex Plans to Become a Regulated Crypto Powerhouse Cryptocurrency exchange…

El Eurosistema aprueba un nuevo marco de supervisión de los criptoservicios

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The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for…

El Comité de Transformación Digital recomienda la adopción de la criptoley ucraniana enmendada

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The law “On Virtual Assets,” Ucrania’s attempt to regulate its growing crypto space, has been revised again and recommended for final adoption. A key parliamentary committee has given its support for the bill which was vetoed by the Ukrainian president this…

SEC Chairman Gary Gensler: No Plan to Ban Crypto, It’s up to Congress

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SEC Chairman Gary Gensler says that the SEC has no plan to ban cryptocurrencies as China has done. He noted that it would be up to Congress to make such a decision. Recientemente, Federal Reserve Chairman Jerome Powell similarly said that…

IMF Warns Crypto Boom Poses New Financial Stability Challenges, Urges Regulators to Step Up

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The International Monetary Fund (FMI) warns that the rising popularity of cryptocurrencies poses new challenges to financial stability. “Cryptoization can reduce the ability of central banks to effectively implement monetary policy. It could also create financial stability risks.” IMF Sees New…

Cryptocurrency Is Picking up Steam in Small Cities in India: Reporte

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Cryptocurrency usage and trading are experiencing a boom in India, and most of this growth is coming from small cities. According to reports from local exchanges, the growth has been exponential. The profile of these new participants has also been interesting,…

US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion

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At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEGUNDO), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt…