Regulation – Page 5

Kevin O’Leary Says ‘No Choice With Crypto’ After Hot Inflation Data

After the crypto market saw yet another macro setback, shark tank fame Kevin O’Leary spoke on the industry’s future. The popular investor has recently changed his opinion on the scope of cryptocurrencies after being a skeptic of the emerging assets. In fact, he revealed interesting facts about his investments in cryptocurrencies earlier this year. About one-fifth of Kevin O’Leary’s investment holdings are in crypto. A majority of his crypto investments constitute crypto tokens, currencies, and companies. At the time,...

Gofaizen & Sherle to Help Businesses Scale the New Lithuanian Cryptocurrency Regulations

In light of the strengthened supervision of the cryptocurrency sector by Lithuania, Gofaizen & Sherle, an international legal and management consulting firm based in Europe, has taken the initiative to assist businesses in navigating these new regulations. According to Lithuanian regulators, these new laws will go into...

Crypto Miners In Kazakhstan to Have New Licensing and Taxation

Kazakhstan, one of the key destinations for crypto mining activities, is now looking to bring mandatory licensing for all crypto miners operating in the country. Mazhilis, the lower house of Kazakhstan’s parliament introduced the bill on Wednesday, October 12. As TASS reported, the parliament lawmakers introduced an industry bill on cryptocurrencies along with four other bills. The purpose of the bill will be to create a legislative framework for the production and circulation of digital assets. These bills seek to...

Elizabeth Warren Demands Data on Texas Crypto Mining

Key Takeaways

Elizabeth Warren and other Democrats have demanded information about the impact of mining Bitcoin and other cryptocurrencies on the state's power grid. A letter from Warren demands information on carbon emissions, subsidies, and electrical grid stability. The letter is addressed to the Electric Reliability Council of Texas (ERCOT), which operates the state's electrical grid.

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Senator Elizabeth Warren has demanded details on the energy consumption of crypto mining companies in Texas.

Democrats Demand Data

Democrats are demanding mining crypto data.A letter from...

Charles Hoskinson Explains Why He Is ‘Very Bullish’ on Crypto ‘In the Long Term’

On Tuesday (October 11), Charles Hoskinson, Co-Founder and CEO of Input Output Global (aka “IOG”), the blockchain technology firm behind Cardano’s R&D, explained in an interview why he is very bullish on crypto in the long term. His comments were made during an interview with Maria Bartiromo, the anchor of “Mornings...

Four Signs a Digital Dollar Is Coming (and Why You Should Care)

Key Takeaways

As authorities increasingly turn their attention to crypto regulation, several signs indicate that a U.S. CBDC may be on the horizon. Authorities have warmed up to the idea in the months since President Joe Biden's executive order directing dozens of government agencies to develop reports on crypto policy. While a CBDC would offer some benefits, it could also grant the Treasury and Federal Reserve unprecedented powers over the freedom to transact.

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Introducing a “digital dollar” central bank digital...

Cardano Founder on SEC vs Ripple: ‘Courts Make Poor Substitutes for Legislative Holes’

On Saturday (October 8), Charles Hoskinson, who is Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), shared his latest thoughts on crypto regulation in general and the U.S. SEC’s lawsuit against Ripple Labs in particular. As you may remember, on 22 December 2020, the...

‘Shark Tank’ Star Believes Stablecoin Regulation Would Be Bullish for Many Cryptoassets

Celebrity investor Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) explained in a recent interview what needs to happen before we see the next bull cycle in the crypto market. According to a report by The Daily Hodl published earlier today, his comments were made during an interview...

Crypto on the Ballot: Five Midterm Elections That Could Impact the Industry

Key Takeaways

The U.S. government is taking an increasingly aggressive stance towards crypto regulation. Some of crypto’s strongest allies at Congress are up for reelection this year. Crypto Briefing took a close look at five of the most important races in terms of their potential impact on the industry.

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The last two years have seen the U.S. government take crypto much more seriously, with some congressional representatives proving themselves staunch defenders of the industry. The midterm elections present an opportunity for...

EU Takes Step Toward Crypto Regulation as MiCA Passes

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The laws are expected to come into force in early 2024 or later.

EU Approves MiCA

The European Union is getting ready to regulate the digital assets sector. Members of the European Council approved the text for the Markets in Crypto Assets Regulation (otherwise known as MiCA) framework early Wednesday, in a major step toward establishing rules for how digital asset exchanges and other service providers should operate in EU member states. After today’s vote, the European Parliament will also vote...