Charles Randell, chair of the FCA and Payments Systems Regulator, warned in a new piece written for the Cambridge International Symposium on Economic Crime that over-extending the reach of regulators could backfire in the case of some cryptocurrency tokens. The chair of the United Kingdom’s Financial Conduct Authority (FCA) said that there is currently a…

Several years ago, Belarus made noise worldwide as the first country to introduce all the basic concepts related to blockchain and cryptocurrencies into legislation. It also gave nearly free rein to the cryptocurrency business. However, in time, all the positive initiatives were completely destroyed by bureaucracy. In recent news: Belarusian Railway (BCh) has issued $…

DeFi is changing the way the sector operates by using onramps and integrations across blockchains to make giving to charities easier, writes George Harrap on Cointelegraph. Most of the stories coming out of the crypto industry this past year have centered around enormous numbers flowing in and out of the space. From stablecoins topping over…

Breaking crypto news from the last week (28 Aug. – 3 Sept. 2021): 28 Aug.: Deloitte, one of the Big Four, surveyed financial leaders as part of its 2021 Global Blockchain Survey, with the results suggesting a transition to digital assets is inevitable. Cybersecurity, regulation, and privacy are seen as the biggest obstacles to the…

Bloomberg’s senior commodity strategist Mike McGlone argues that Bitcoin is gradually becoming a global reserve asset that complements the US dollar. According to a Bloomberg report, digital assets like Bitcoin and Ethereum are on the way to new highs. The September edition of Bloomberg’s Crypto Outlook called $100,000 BTC and $5,000 Ether (ETH) the “path…

The Federal Reserve has resorted to flooding the economy with dollars to curb inflation. According to Forbes, the M2 money supply in April 2021 was $20.11 trillion, representing a 30% increase since January 2020. Too many dollars in the system reduces the currency value. In addition, there is pent-up demand — more money going after…