Tagcryptocurrency regulation

Bitcoin Mining Hotspot Iran Drafts Electricity Tariffs for Crypto Miners

Iran, Bitcoin, bitcoin mining, crypto

The government of Iran has opted to introduce specific electricity prices for cryptocurrency mining. The west Asian country, which has had a complicated relationship with cryptocurrency in the past, plans to set prices around the same tariffs that are used for exporting electricity. The government's energy ministry deputy for power and electricity, Homayoon Ha’eri, announced the decision Sunday...

Russia Postpones Parliamentary Reading of Crypto Regulation Bill

Russia, crypto

The Russian Duma has pushed back its planned consideration of a bill to recognize and regulate digital financial assets. Initially scheduled for March 22, the reading will now hold at an unspecified date in April, following the outcome of a vote on the agenda for a plenary session last week. The draft bill is not without its controversies, as it has been specifically edited to remove the terms...

Chile’s Central Bank Considers Cryptocurrency Regulations to “Monitor Associated Risks”

Chile bitcoin

Chilean news outlet El Economista has recently revealed that Mario Marcel, president of the country’s central bank, is considering implementing cryptocurrency regulations, which would give the financial institution information to “monitor associated risks.” Speaking at a forum during the Finance Commission of Deputies, Marcel admitted that the current process that cryptocurrency adopters go...

Bitcoin is Gaining Legitimacy in Europe as Dutch Court Deems it Transferable Value

Earlier this week, a Dutch court described bitcoin as a transferable value during a case that requested Koinz Trading BV to pay mining proceeds worth $5,000, or 0.591. The court explicitly stated that property rights apply to bitcoin, given that as a cryptocurrency, it is able to transfer value in a peer-to-peer manner. The court went on to note that the cryptocurrency is a legitimate...

US Congress Debates ICOs, Cryptocurrency Regulation in House Subcommittee Hearing

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“I believe this is probably hello, not goodbye.” Thus said Rep. Bill Huizenga (R-MI) as he adjourned Wednesday’s US House Capital Markets, Securities, and Investment Subcommittee hearing, which was devoted to discussing cryptocurrencies, initial coin offerings (ICOs), and whether the current regulatory framework adequately protects investors. Huizenga was speaking to a group of academics and...

US Lawmakers Build Appetite for Cryptocurrency Regulation

us government funds terrorism

The White House may not believe that the US will pursue cryptocurrency regulation anytime soon, but federal lawmakers themselves have cultivated quite an appetite for legislation that would accomplish just that. US Lawmakers Build Appetite for Cryptocurrency Regulation That’s according to a Reuters report, which cites a number of congressional lawmakers from across the political spectrum who...

Cryptocurrency Regulation ‘Inevitable,’ Says IMF Chief Christine Lagarde

Christine Lagarde IMF Cryptocurrency

The head of the International Monetary Fund (IMF) says that cryptocurrency regulation is “inevitable” due to the nascent technology’s utility as a tool that criminals can use to perpetrate illicit activities. Speaking in an interview with CNN Money at the World Government Summit in Dubai on Sunday, Christine Lagarde, managing director of the IMF, said that illicit cryptocurrency use had made the...

Cryptocurrency Prices Make Bullish Pivot as US Regulators Signal Cautious Approach to Markets

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Cryptocurrency prices began to creep back into positive territory after two top US market regulators signaled a cautious approach to cryptocurrency regulation during Tuesday's high-profile Senate hearing. Securities and Exchange Commission (SEC) Chairman Jay Clayton and Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo spoke before the Senate Committee on Banking...

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