G20 To Establish Unified Crypto Regulation, Urges Countries To Share Information
Due to the ever-changing nature of cryptocurrency technology, it has always been subject to regulatory amendments around the globe. The G20, a group of 20 developed economies, has opted for a unified approach to design a comprehensive crypto rule book to address this issue. In the G20 summit held in New Delhi, leaders from around […]
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The European Commission’s commissioner for financial services has reportedly urged U.S. lawmakers to establish new rules to regulate the crypto industry. “We do need to see other players also legislating … We need to look at global regulation of crypto,” said the commissioner. EU Commissioner Calls on U.S. Lawmakers to Establish New Crypto Rules Mairead McGuinness, the European Commission’s commissioner for financial services, talked about cryptocurrency regulation in an interview with the Financial Times, published Tuesday. Referencing the Markets in Crypto-Assets....
Since the realm of virtual currencies is a decentralized industry, there is no single monetary authority or government agency implementing bitcoin regulation these days. In the United States, state governments are in charge of coming up with the necessary legislation to oversee the activity of bitcoin companies and enforcing the rules. For the Uniform Law Commission (ULC), there is a need for a unified bitcoin regulation law, as this could help strike the balance between consumer protection and encouraging innovation. The group recently released a discussion-only draft of their proposed....
OKEx, the global crypto exchange and trading platform is introducing a new experience to its trading community with a Unified Account. As the name suggests, Unified Account is one place from which OKEx users can execute trades across all instruments and manage their portfolios throughout the ecosystem. The OKEx Unified Account, also known as Portfolio […]
Coinbase’s Chief Policy Officer (CPO) asked US lawmakers to establish a robust regulatory framework that benefits the crypto industry and American investors, suggesting six key priorities to protect users and develop the sector with clear regulations. Related Reading: Binance CEO Expects Start Of Crypto ‘Golden Era’ Under Trump Administration Coinbase Urges Congress To Unlock The […]
The rumors have been flying that the UK Treasury is looking into digital currencies and how to create some form of legal net for these currencies. The UK Treasury is asking for information on new digital currencies from the public, law enforcement agencies and financial regulators. However, most of these people do not know what digital currencies are. That is why the UK government is giving the hand of friendship toward the Bitcoin community ( kind of). According to our information, the UK Treasury will be looking at examples of regulation in other countries, but will make up their own....