Tag: regulation

American regulators’ attitude to cryptocurrencies seems to swing back-and-forth like a pendulum. One minute they wish (and act) to ban everything crypto-related as competition to fiat money, the second – they “let go of the reins”. The current swing is towards strengthening government control.   The latest US infrastructure bill introduces the broadest possible characterization…

American regulators’ attitude to cryptocurrencies seems to swing back-and-forth like a pendulum. One minute they wish (and act) to ban everything crypto-related as competition to fiat money, the second – they “let go of the reins”. The current swing is towards strengthening government control. In a now typical for the US move, the signal initially…

China once again banned almost everything cryptocurrency-related in the country. It is the state’s second attack on the crypto community this year, and it looks even more serious than the spring one. We tried to figure out what it was all about. There is a famous saying in former Soviet countries – “the last Chinese…

Once again, our prediction comes true: financial regulators have rapidly increased the pressure on stablecoins. More so than cryptocurrencies in general, they view them as the main competitor to fiat money today. On September 20, speaking to a Washington Post columnist (https://www.washingtonpost.com/washington-post-live/2021/09/21/path-forward-cryptocurrency-with-gary-gensler-us-securities-exchange- commission-chair /), chair of the US Securities and Exchange Commission (SEC) Gary Gensler…