Bitcoin Regulation Draws Nearer - What To Expect
International interest in cryptocurrencies like Bitcoin has been on a definite rise in the past year. Shocking as it seems to me, it still hasn't been a year since the Cyprus situation in March and April of 2013. The attention that was garnered in that moment stuck a major chord with the rising libertarian movements, but also governments themselves. Regulators had since kept their eyes on the cryptocurrency. In October, prices began to rise steadily from $100 until the Silk Road was taken down by US Federal Law Enforcement. This caught the attention of the US media and in-turn, threw....
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Bitcoin has very few resistance levels left to clear before a new bull run is on, and the leading cryptocurrency by market cap returns to price discovery mode in search of its next all-time high. And while that break out into a bull market draws nearer with each passing day, so far, there’s no volume […]
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined what to expect from the securities watchdog on crypto regulation. “We do have robust authorities from Congress also to use our exemptive authorities that we can tailor investor protection,” he explained.
Chair Gensler Highlights SEC’s Work on Crypto Regulation
SEC Chairman Gary Gensler outlined what to expect from his agency on U.S. crypto regulation Thursday in an interview with Yahoo Finance Live. He was asked, “What can we expect from the SEC in the coming....
Digital currency enthusiasts have been openly voicing out their concerns regarding the bitcoin regulation bill in the state of California. According to the Electronic Frontier Foundation (EFF), the bill is premature and technically inaccurate. "Virtual currencies are still developing, and this bill threatens to both stunt the growth of this innovative industry and hamper the enthusiasm driving consumer interest. Also, privacy and free speech are central issues in the virtual currency space, which the bill fails to adequately consider," the EFF's filing indicated. California Bitcoin....
The US Securities and Exchange Commission (SEC) has issued a dire warning to accounting firms conducting audits in the crypto asset space. In a statement released on July 27, SEC Chief Accountant Paul Munter expressed concerns about the potential for misleading information to be presented to investors through non-audit work, which he argued is not […]
New York State Department of Financial Services will hold a two-day public hearing pertaining to the regulation of virtual currencies on January 28th and 29th. Considering the popularity of the technology and merits over any other transfer of wealth method, the Empire State is looking to lead the world into proper regulation. This is big information for the group that founded the Bitcoin Center in NYC: When the term "regulation" is thrown around, it falsely is considered a bad thing for the participants of virtual currencies. Proper regulation is the overarching solution to bring Bitcoin....