Tag: regulation

A series of recommendations and papers setting standards for a global crypto regulatory framework will be released by the institutions in July and September. The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, the…

On the sidelines of the G20 meeting in India, IMF managing director Kristalina Georgieva said the agency would prefer to regulate crypto than an outright ban. The International Monetary Fund would prefer to differentiate and regulate crypto assets rather than enforce an outright ban, though the nuclear option will remain on the table for now….

Despite stepping down as CEO for three years, Yuzo continued to have a significant influence on the company being the firm’s largest stakeholder. Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month, in an apparent bid to reinvigorate what he claims is…

India’s finance minister called for a coordinated effort “for building and understanding of the macro-financial implications,” which could be used to build global crypto reforms. The first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India’s presidency discussed key financial stability and regulatory priorities. India urged member nations to understand the macro-financial implications…

Colombia has positioned itself at the forefront of innovative ways to conduct legal proceedings after recently hosting a trial in the metaverse. A Colombian court recently hosted its first legal trial in the Metaverse, with the court magistrate saying it felt “more real than a video call,” according to a recent report. According to a…

Regulators have been slow to act on cryptocurrency, according to Jonathan Reichental, and they’ve often missed the mark. Hopefully, their approach will evolve in the years ahead. The World Wide Web, as its name implies, is borderless, and so is crypto. The internet and cryptocurrency’s common ethos is wide-open communication and exchange, unimpeded by national…