“Strict KYC process, security requirement for exchanges, as well as gradual regulation of certain
he U.S. Securities and Exchange Commission, or SEC, announced Wednesday the title of the upcoming crypto panel for its Dec. 2 Investor Advisory Meeting will be “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies.” Previously, on Nov. 15, the Commission announced the meeting would be open to the public. Panelists and moderators will attend remotely. The crypto panel discussion agenda will focus on the regulatory framework covering digital assets, market ...
“Strict KYC process, security requirement for exchanges, as well as gradual regulation of certain
he U.S. Securities and Exchange Commission, or SEC, announced Wednesday the title of the upcoming crypto panel for its Dec. 2 Investor Advisory Meeting will be “Helping to Ensure Investor Protection and Market Integrity in the Face of New Technologies.” Previously, on Nov. 15, the Commission announced the meeting would be open to the public. Panelists and moderators will attend remotely. The crypto panel discussion agenda will focus on the regulatory framework covering digital assets, market ...
Garg also pointed out a flaw in classifying cryptocurrencies
Garg also pointed out a flaw in classifying cryptocurrencies as assets after underscoring the vast ecosystem powered by disruptive technology. He also said that crypto exchanges have limited interests and do not represent the entire community:“You don’t classify the wheat that you produce, you don’t classify the clothes you produce, as assets. That is too much of oversimplification to treat this as an asset.”On an end note, Garg added that the central bank digital currency initiatives, especi...
Garg also pointed out a flaw in classifying cryptocurrencies
Garg also pointed out a flaw in classifying cryptocurrencies as assets after underscoring the vast ecosystem powered by disruptive technology. He also said that crypto exchanges have limited interests and do not represent the entire community:“You don’t classify the wheat that you produce, you don’t classify the clothes you produce, as assets. That is too much of oversimplification to treat this as an asset.”On an end note, Garg added that the central bank digital currency initiatives, especi...
India misinterpreted private crypto ban, says crypto bill creator
The creator of India’s crypto bill, former Finance Secretary Subhash Garg, dismissed the notion of banning “private cryptocurrencies” as a misinterpretation while highlighting the enormous potential of cryptocurrencies and blockchain technology. The parliamentary discussions around a controversial crypto bill sparked fears around the ban on cryptocurrencies, with no clear indication about the ban’s scope. As Cointelegraph reported, an episode of panic selling among Indian investors followed t...
India misinterpreted private crypto ban, says crypto bill creator
The creator of India’s crypto bill, former Finance Secretary Subhash Garg, dismissed the notion of banning “private cryptocurrencies” as a misinterpretation while highlighting the enormous potential of cryptocurrencies and blockchain technology. The parliamentary discussions around a controversial crypto bill sparked fears around the ban on cryptocurrencies, with no clear indication about the ban’s scope. As Cointelegraph reported, an episode of panic selling among Indian investors followed t...
Allaire’s firm, Circle is the sole issuer of dollar-backed
Commenting on Project Atom, RBA’s assistant governor (Financial System) Michele Bullock noted that it “demonstrated the potential for a wholesale CBDC and asset tokenization to improve efficiency, risk management and innovation in wholesale financial market transactions.” A wholesale CBDC refers to a central bank issued digital currency that is designed for the settlement of interbank transfers and transactions between financial institutions, as opposed to a retail CBDC that is intended for p...
Allaire’s firm, Circle is the sole issuer of dollar-backed
Commenting on Project Atom, RBA’s assistant governor (Financial System) Michele Bullock noted that it “demonstrated the potential for a wholesale CBDC and asset tokenization to improve efficiency, risk management and innovation in wholesale financial market transactions.” A wholesale CBDC refers to a central bank issued digital currency that is designed for the settlement of interbank transfers and transactions between financial institutions, as opposed to a retail CBDC that is intended for p...
centralized regulatory framework, leaving investments in the digital assets space vulnerable
cknowledging the rise of cryptocurrencies, Congress hopes to develop a clear stance on central bank digital currencies (CBDC) based on the ongoing study conducted by the Federal Reserve to “examine the potential benefits and risks of CBDCs and its impact on the U.S. domestic payments system.” On Tuesday, Circle’s Allaire released a statement ahead of the hearing, stating:“In a world where money becomes a core feature of the internet, the U.S. should aggressively promote the use of the dollar ...
centralized regulatory framework, leaving investments in the digital assets space vulnerable
cknowledging the rise of cryptocurrencies, Congress hopes to develop a clear stance on central bank digital currencies (CBDC) based on the ongoing study conducted by the Federal Reserve to “examine the potential benefits and risks of CBDCs and its impact on the U.S. domestic payments system.” On Tuesday, Circle’s Allaire released a statement ahead of the hearing, stating:“In a world where money becomes a core feature of the internet, the U.S. should aggressively promote the use of the dollar ...
