Best Altcoins to Buy as the SEC Considers Abandoning Rule Requiring Crypto Fi...
Acting SEC Chairman Mark Uyeda announced on March 10 that the regulatory body is working on abandoning a potentially horrendous rule that would require crypto firms to register as exchanges. The said rule would’ve broadened the spectrum of what could be considered an ‘alternative trading system,’ including some crypto firms. The proposal drew massive criticism […]
Related News
Proposals requiring crypto companies to report transactions amount to "mass surveillance" and flout the Fourth Amendment.
The last ten days have seen all resistances give way. Ten day ago, I was telling you “The coming days do not look bright, and Bitcoin could well get bellow $255 quite fast.” Well… The coming days aren’t any brighter. Now there is no resistance left, Bitcoin could fall to $100 without surprising me. In this context, some of you may want to diversify in other altcoins. Be, however, careful with this: remember the first rule mentioned in the previous article: The market is always right. The second rule is that if the price is king, the liquidity is queen. There are numerous altcoins around,....
Japan has been a member of the FATF since 1990. Japan has made another step toward adopting cryptocurrency Anti-Money Laundering regulations developed by the Financial Action Task Force, Cointelegraph Japan reports.The Japanese Financial Services Agency announced Wednesday that it will adopt the FATF’s travel rule — a set of regulations requiring virtual asset service providers to share transaction data for senders and recipients — by April 2022. “It is required to introduce and implement the travel rule regulations in each country,” the FSA noted.The FSA requested the Japanese Virtual....
Many have called the long-rumored rules an existential threat to peer-to-peer transactions. The Treasury has released its long-awaited proposal to restrict money services businesses, including U.S.-registered crypto exchanges, from dealing with self-hosted wallets.In a Friday evening announcement, the Treasury's Financial Crimes Enforcement Network, or FinCEN, announced proposed rules requiring registered crypto exchanges to verify the "identity of their customers, if a counterparty uses an unhosted or otherwise covered wallet and the transaction is greater than $3,000." The rule is....
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has reportedly proposed “one rule book” for the regulation of crypto assets. “If this industry is going to take any path forward, it will build some better trust in these markets,” said Gensler.
SEC Chairman Calls for One Rule Book for Crypto
SEC Chairman Gary Gensler has proposed “one rule book” for the regulation of crypto, the Financial Times reported Friday. He is looking to strike agreements with other financial regulators, including the Commodity....