Bank of Canada: Bitcoin Only Use for “Illicit Transactions”
In a speech delivered on February 10th, Bank of Canada's Deputy Governor Timothy Lane addressed the concept of a central bank digital currency (CBDC)...
Fed Research Publishes Two Papers
The US Federal Reserve just published a pair of papers last week exploring two topics related to crypto: "The Financial Stability Implications of Digital...
The Lummis-Gillibrand Act on Digital Assets Tabled
Democrat Senator Kristen Gillibrand and Republican Cynthia Lummis introduced the new Responsible Financial Innovation Act designed to act as a "regulatory framework for digital...
EU Close to Agreement on Crypto Regulation
The European Union is closing in on an agreement to regulate the cryptocurrency sector that would establish common rules across the 27 member countries...
SEC & CFTC Propose Amendments for Hedge Fund Crypto Reporting
US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly proposed an amendment to reporting requirements for hedge funds....
Treasury will warn White House that crypto needs major regulations
The US Treasury is expected to release four reports this months in which it will outline various economic risks from cryptocurrencies. It will create...
FinCEN Proposes Enhanced AML Rules for Non-Custodial Wallets
The Financial Crimes Enforcement Network (FinCEN) published a "notice proposed rule making" outlining the proposed rule that suggests that exchanges and other virtual asset...
New Regulations Impacting Binance and Others
This was a busy week. New crypto related regulations and restrictions impacted some of the largest global crypto exchanges and users in Canada, U.K.,...
