Indian authorities have been struggling to grasp the crypto phenomenon for quite some time now – years, to be more precise. The inability to fully understand it and put it under control has resulted in a state of semi-denial: “it’s illegal”, officials repeat tirelessly, but also keep trying to tax it. It doesn’t help when someone previously charged with proposing regulations, now says – India just can’t regulate bitcoin.
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Mario Draghi Not ECB Responsibility To Regulate Crypto:
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While the US government figures out exactly how to handle Bitcoin and the volatile cryptocurrency market, Brian Quintenz, a commissioner with the Commodity Futures Trading Commission, suggests crypto companies should start regulating themselves.
With the likes of Bitcoin, Ethereum, and others, there are plenty of solid options for savvy investors who do their own research in the cryptocurrency market. On the flip side, however, exists a wealth of fraudulent scams, Ponzi schemes, and incompetent projects — regularly making off with inexperienced investors’ hard-earned cash.
A new draft law has been presented in Russia which proposes the regulation and production of cryptocurrencies and digital assets.
A new law in Russia has been proposed which is aiming to regulate and control the production of cryptocurrencies and digital assets in financial sectors. The newly proposed legal framework would properly define regulatory requirements for cryptocurrencies, ICOs, mining, and trading. The law was also proposed in order to curb or stop illicit and illegal activities that might be contacted with cryptocurrencies.