Treasury Secretary Yellen against amending crypto language in infrastructure bill
Janet Yellen’s view on yesterday’s “compromise” amendment is unknown, although she allegedly objected to the encryption wording submitted by Senators Wyden, Lummis, and Toomey. On Wednesday of this week, a bipartisan group of US senators introduced an amendment to an infrastructure measure that would clarify language relating to cryptocurrency . While the White House appears […]
Chinese central bank sets to continue crypto crackdown till the year ends
Central Bank of China has made choices regarding the country’s ongoing crypto crackdown, stating that the crackdown will continue in the second half of 2021, the further crackdown is to “maintain” rather than strengthen the current one. A consensus was reached yesterday at a conference to “keep” high pressure on digital currency trading in China […]
SEC chair says cryptocurrency is subject to security rulings
The Securities and Exchange Commission (SEC) Chairman Gary Gensler has stated that further regulations for the bitcoin market are on the way. SEC is expected to publish new guidelines on the regulation and registration of security-based swaps, which might include bitcoin, in the coming months. In a presentation to the American Bar Association’s Derivative and […]
Bitcoin Security: Survey shows low confidence among institutional investors
A new study on Bitcoin security reveals that institutional investors are still hesitant to purchase BTC because of concerns about the security of crypto custodial services. Nickel Digital Asset Management, a cryptocurrency fund based in the United Kingdom, conducted a poll of 100 wealth managers and global institutional investors to determine the most pressing worries […]
Hong Kong Cracks Down on a Money Laundering Ring Using Tether
Four persons have been arrested in Hong Kong on suspicion of laundering a total of $155 million using cryptocurrency wallets and bank accounts. The city’s customs agency stated that this was the first time it had encountered virtual currency being used to launder dirty money. A Syndicate Responsible for Money Laundering Recycles $155 Million in […]