Sam Bankman-Fried declares support for crypto regulation
Sam Bankman-Fried, the founder of FTX, stated in Washington, D.C. on Wednesday that he would “love to be helpful” to regulators considering new guidelines for the cryptocurrency business. Bankman-Fried acknowledged that his sector has occasionally clashed with government representatives, but he believes that regulation is “good” and “the correct thing to do.” FTX CEO Sam […]
South Korea To Overturn ineffectual Crypto ICO Ban
The Bank of South Korea says that companies like Terra, which makes stablecoins, were able to get around the ban and sell digital tokens to people in Korea by setting up businesses overseas. In a report released Monday, the Bank of Korea said that South Korea landmark crypto regulations will have to legalize initial coin […]
Japan’s “experiment” with crypto self-regulation is failing
According to reports, JVCEA, a self-regulation entity, has been issued strong warnings to get its act together as the Japan Financial Services Agency presses for the organization to accelerate the adoption of its AML regulations. Local government officials and business professionals claim that Japan’s self-regulation “experiment” for the cryptocurrency sector is not succeeding as anticipated. Since 2018, the […]
Lithuania Moves To Enforce Crypto Regulation
Lithuania decided to take action before EU rules that could ban non-custodial wallets take effect. Lithuania, a 2.8-million-person country, intends to increase its scrutiny of cryptocurrency to combat money laundering risks and possible schemes by Russian elites to circumvent financial sanctions. According to the local Ministry of Finance, various ministries of the Lithuanian government approved […]
Argentina’s Central Bank Sets To Block Crypto Offerings From Banks
Four days after two of Argentina’s largest banks opened their doors to cryptocurrency trading, the central bank intervened to block the offerings. Argentina’s central bank (BCRA) has placed a moratorium on financial institutions offering cryptocurrency trading, just days after two of the country’s largest banks signaled an interest in digital assets. The BCRA stated on […]