It was reported on December 7 that Japan will impose new restrictions on the stable currency and will limit the issuance of cryptocurrencies (such as tether) supported by reserve assets (such as US dollar or Japanese yen). The Japan Finance Agency seeks to introduce legislation in 2022 to restrict the issuance of stable currency to banks and wire transfer companies.
Bascand, vice chairman of the Federal Reserve of New Zealand, said that the affordability of insurance, risk pricing, open banking and digital currency are dynamic challenges facing the industry and regulators.
Opensea, the world's largest NFT market, has appointed Brian Roberts as its first chief financial officer. Roberts previously served as the chief financial officer of LYFT, a carpool application. He has rich experience. Although Roberts admitted to Bloomberg that he did not have rich experience in the encryption industry, he soon shared his intention to raise more funds for the platform. Roberts also said that opensea's IPO may happen soon. This only means that the company may sell its equity to the public on the stock exchange for the first time. In fact, at this point, IPO seems inevitable. Roberts said that considering the large-scale growth of the NFT platform, "it would be foolish not to consider making it public.
On December 7, the financial conduct authority (FCA) issued a "discussion paper". According to this proposal, cryptocurrency investors may be excluded from the UK compensation plan when the company goes bankrupt. In the discussion paper, the regulator said: "In particular, high-risk or alternative investments, such as crypto assets and unlisted securities, may be excluded from financial services compensation plans in some cases." With this in mind, the agency has warned users not to use most companies that sell crypto investments in the past. Nevertheless, the attraction of cryptocurrency has increased to a significant level. In October alone, the UK National Reporting Center received more than 7118 complaints.
According to the Central Intelligence Agency (CIA) Director Bill burns revealed that they had established several encryption projects. After the news came out, it triggered a heated debate in the encryption community again, because there was a conspiracy theory that the CIA participated in the creation of bitcoin. In 2020, it was reported that the Swiss encryption company crypto Ag had been secretly controlled by the Central Intelligence Agency and West German intelligence agencies for decades; Michael Morell, former director of the CIA, said publicly in April 2021 The US government must accept bitcoin.
According to market news, India is considering setting up a capital market regulator to monitor cryptocurrency.
Bank of Thailand: it is concerned about the widespread use of digital assets in goods and services, although it is not illegal.
It was reported on December 7 that Argo blockchain PLC, a mining enterprise, dug 185 bitcoins in November, bringing its total number of bitcoin mining to 1831 in 2021. As of the end of November, it had retained and held about 2317 bitcoins or their equivalents. The company's mining revenue in November was £ 8.29 million, higher than £ 7.24 million in October. Argo stressed that it continued to expand its mining capacity and increased by the end of November Add 310 pH / s to make the total capacity reach 1.605eh/s.