US Federal Reserve (Fed) Chairperson Jerome Powell has urged for better regulation of cryptocurrencies, claiming that the industry’s shakeout did not create broader financial turbulence. Global interest rate rises highlighted “major structural flaws in the DeFi ecosystem,” Powell said on Tuesday at a panel discussion on digital finance organized by the Banque de France. “I […]
Tag: crypto laws
September 28, 2022
September 27, 2022
Bank of America: Cryptocurrencies Continue to Act As Risk Assets
The Bank of America stated in a research paper this Friday that digital assets continue to operate as risk assets, decreasing when global interest rates climb. Still, stablecoin inflows are a hint of an eventual comeback. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the US dollar or gold. The report […]
September 24, 2022
UK Introduces Crypto-Related Law Against Cyber crimes
This Thursday, the United Kingdom announced legislation aiming to make it simpler for law enforcement authorities to confiscate, freeze, and reclaim crypto assets used in illicit activities like money laundering, drug trafficking, and other cyber-crime. The law, written in a 250-page Economic Crime and Corporate Transparency Bill, was submitted by the Home Office, Department for […]
