Tag: Regulations

The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. The ruling was issued by a two-judge bench presided…

Saudi Arabia’s central bank (SAMA) should have no involvement with crypto-assets, as many people who deal with crypto are criminals, said its governor. He also called regulators to catch up in regulating cryptocurrencies. Fahad Al Mubarak, head of Saudi Arabia’s central bank, claimed there would be no smashing of the banking system by digital currencies,…

The Financial Action Task Force (FATF) is looking to ramp up the pressure on countries to adopt crypto regulations – and its updated guidance has made mention of non-fungible tokens (NFTs), decentralized finance (DeFi), peer-to-peer (P2P) trading, and stablecoins for the first time. The FATF published their report Friday on how best to tackle the…

As legislation threatens to allow centralization to creep into the DeFi space, regulation could have complex effects on the adoption – reveals Anupam Varshney’s study on Cointelegraph. Decentralized finance (DeFi) is shaping up to be one of the most important sectors within the blockchain industry. In just the last two years, DeFi’s total value locked…

DeFi, built on blockchain and legacy financial systems, is on the verge of clashing in one of the most tumultuous battles in economic history, writes Alex Shipp on Cointelegraph. On the opening day of Messari Mainnet 2021, New York City’s long-awaited first crypto conference since the start of COVID-19, reports came blazing in via a…

The US Treasury Department is reportedly allowing the US Securities & Exchange Commission (SEC) to take the lead in regulating stablecoins, including Tether and USD Coin. A highly anticipated report expected to be published later this week will state that the SEC will have significant authority over stablecoins. A few people familiar with the matter…