Financial Stability Board aims to address crypto-related issues following ‘failure of FTX’
The international monitoring body Financial Stability Board, or FSB, called for a global framework aimed at regulating and supervising crypto in the wake of FTX’s collapse, also saying it would assess vulnerabilities associated with decentralized finance. In a Dec. 6 meeting in Basel, the FSB said it planned to “enhance its crypto-assets monitoring framework” to […]
Shiba Inu developer says WEF wants to work with project to ‘help shape’ metaverse global policy
The volunteer project lead and developer for Shiba Inu known only as ‘Shytoshi Kusama’ has reported on social media that the World Economic Forum, or WEF, wants to work with the meme-based cryptocurrency on global policy. In a poll posted to Twitter on Nov. 22, Kusama said the WEF had “kindly invited” the Shiba Inu […]
IRS prepares for an increase in crypto cases in the upcoming tax season
The United States Internal Revenue Service (IRS) criminal investigation division is ramping up for tax season with its sights set on the crypto community. According to a report from Bloomberg Law, the division chief Jim Lee said they are preparing “hundreds” of crypto-involved cases, many of which will soon be available to the public. Lee […]
38% of US voters will consider candidates’ position on crypto in midterms: Survey
Roughly a third of eligible voters in the United States will be “considering crypto policy positions” when choosing candidates in the 2022 midterm elections, according to a new survey. In the results of a 2,029-person survey conducted by The Harris Poll between Oct. 6-11, 57% of likely midterm voters said they would be more likely to […]
New regulatory bill grants Uruguayan Central Bank control over the nation’s crypto industry
The Uruguayan government has introduced legislation to the parliament, accelerating the regulation of the crypto space in the country and establishing the central bank as the regulatory authority. Introduced on Sept 5, the bill strive to clarify the country’s regulatory framework for cryptocurrency assets, stating that all companies that provide digital asset-related services, including initial coin […]
New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear
Recently elected Conservative Party leader and prime minister of the United Kingdom Liz Truss has appointed Kwasi Kwarteng as the country’s newest chancellor of the exchequer, or chief financial minister. In a Tuesday announcement, Truss’ office named Kwarteng as the next U.K. finance minister, replacing Nadhim Zahawi, who served as chancellor of the exchequer for […]
What does the Fed’s fight against inflation mean for crypto? Macro analyst explains
The Federal Reserve’s efforts to battle inflation by rising interest rates and killing demand may have limited results as long as the supply side of the inflation problem won’t be fixed, according to macro analyst Lyn Alden. “Until they actually fix the supply side of certain things, like energy especially, but commodities broadly and logistics […]