The latest report released by Chainalysis indicated that Europe is now the world’s largest cryptocurrency economy. With this development, this continent is also now considered the virtual currency capital of the world. We find this latest cryptocurrency-related news relevant to share with our readers. We think it informs about the
Latest Regulation News at Crypto Frontline
Afghanistan’s citizens are reportedly increasingly adopting cryptocurrencies this year. This observation of the latest trend involving the rapid adoption of virtual coins comes as a coup d’état happened in the landlocked country at the crossroads of South and Central Asia in the middle of this month. We find this cryptocurrency-related
During a financial sector innovation roundtable that took place on Wednesday, February 10th, the new US Treasury Secretary Janet Yellen made several remarks related to cryptocurrency and financial technologies, reaffirming that public institutions around the Western World are reluctant to embrace an unregulated crypto industry. The issue of cryptocurrency regulation
From the first day in office, the new US President signed multiple executive orders and made different decisions impacting a broad range of industries. According to a White House Memorandum for the heads of various federal agencies, though, it seems like there are some positive impacts with regards to crypto
XRP buyers got hurt during the past most as the SEC announced a $1.3 billion lawsuit against the company, generating multiple concerns inside the community, especially after many large exchange platforms have delisted or suspended the token from their list. Brad Garlinghouse, Ripple’s CEO, revealed several important details on its
The ECB Forum took place yesterday and Fed’s Powell, BOE’s Bailey, and ECB’s Lagarde were in the spotlight as the financial markets were awaiting new important comments. Although the event was mainly focused on the pandemic, economic recovery, and central banks’ response, there were several hints related to CBDCs during
An October 23rd, 2020 joint press release from the Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve highlights a proposed rule to amend the recordkeeping rule regulations under the Bank Secrecy Act. More specifically it will change the applicable threshold for international transactions subject to AML. Not too long
Even though stablecoins come with more advantages as opposed to traditional cryptocurrencies, reluctance from global regulators continues to be a major headwind for implementing such a project on a global scale. A recent report from Reuters is not favorable for projects like Facebook’s Libra, considering it assumes that G7 central
As cryptocurrencies continue to increase in popularity, the European Commission is out with a new piece of legislation that will apply for cryptocurrency assets issuers. According to the latest information from Reuters, all crypto companies operating within the EU will need to comply with a comprehensive set of rules. Faced
The US Department of the Treasury, in coordination with the DoJ (Department of Justice) and DHS (Department of Homeland Security), had sanctioned Russian nationals in charge of sophisticated phishing campaigns in 2017 and 2018, according to the latest September 16th press release. Their actions had targeted customers of two US-based
