#regulation
158 articles found
Latest
Crypto Regulations in Israel: Key Features and Considerations
Israel is paving its own path with distinct laws tailored to the cryptocurrency market. Their regulatory approach diverges from those in Europe, Asia, and America, particularly due to its adaptability and the absence of stringent restrictions. 
The Bank for International Settlements (BIS) has published new findings. These suggest that, far from offering economic relief, cryptocurrencies might be escalating financial vulnerabilities in emerging economies.
Many are tempted to view the digital assets as an alternative to the typical monetary systems or a stand-in for local currencies. However, the study's authors caution that this perspective might elevate the financial risks these nations face.
While the report does highlight the transformative potential of cryptocurrencies, the BIS insists that effective regulation is vital to steer their advantages in a beneficial direction. Crypto Regulation in Brazil
Brazil reigns as the most substantial cryptocurrency hub in Latin America. Yet, its regulatory stance towards digital currencies is confounding. On one hand, they're not recognized as legitimate money; on the other, there's a push towards legitimizing crypto transactions. Ukraine's Crypto Future: Expert Predictions and Analysis
On September 29, GNcrypto journalists participated in an online panel discussion titled “European Regulation of the Cryptocurrency Market: Implementation in Ukraine”. Let’s explore the prospects of implementing the European set of cryptocurrency regulation rules, MiCA, in Ukraine. 
Today, the Federal Reserve Bank of Philadelphia held its seventh annual fintech conference.
A significant takeaway was Deputy Chair Michael Barr's pronounced concerns about the risks stablecoins, devoid of federal oversight, might pose to financial stability.
On the topic of CBDCs, Barr remarked that decisions remain on the distant horizon. 
Narendra Modi speaks in favor of an integrated approach to new technologies. As tech progress accelerates, he advises the global community to establish wide-reaching rules and a collective strategy.
"At the same time, the rules, regulations, and framework around it should not belong to one country or a group of countries. So not only crypto, but all emerging technologies need a global framework and regulations," highlighted India's Premier. 
FedNow, CBDC, US Financial Evolution: Insights by Aaron Klein
The unveiling of the Fed's FedNow payment system has stirred discussions about its influence on banking and its repercussions for the crypto sector. Aaron Klein, Senior Fellow at the Brookings Institution's Center for Regulation and Markets, addresses questions about this new system, the prospective role of CBDCs, and cryptographic developments. 
Crypto miners in the U.S. have initiated the Digital Energy Council to lobby for miner-friendly policies amidst ongoing crypto regulation debates.
The council aims to advocate for sustainable energy development, grid resilience, U.S. competitiveness, and national security.
This move comes as President Joe Biden's administration proposes a 30% excise tax on mining operations, citing societal harms. Additionally, Democratic lawmakers criticize miners for environmental concerns.