As a result of the upcoming cryptocurrency regulations, India might accept bitcoin and the altcoins as an asset class.
Cryptocurrency regulations have been a hot topic of debate among the community ever since digital assets came into existence.
The debate circles whether legislation on cryptocurrencies will carry positive or negative outcomes for the crypto ecosystem.
Some believe that cryptocurrencies such as Bitcoin should operate on their own, without any regulatory oversight. This comes from one of their predominant and perhaps most essential features – decentralization, or the lack of central authorities. This would put the power entirely in the hands of network participants.
However, and on the other hand, there are a lot who believe that proper and well-defined regulations are a critical step towards mass adoption.
In reality, the tendency seems to be favoring the latter group. The well-known and reputable cryptocurrency companies and exchanges are doing their best to abide by the law in order to deliver further security and to avoid regulatory scrutiny.
This is especially the case in the fields of Know-Your-Customer (KYC) and Anti Money-Laundering (AML) regulations. These are welcomed with mixed feelings by the crypto community because they strip away one of the landmark feats of most cryptocurrencies – privacy.
Recent Regulations News
Analysts from the Wall Street bank Citi described COIN as "investable" but the news didn't have an imminent impact on
According to a recent report, the United States Securities and Exchange Commission is gearing up to propose regulations for the
The Australian Senate Committee has suggested that the country should create a robust and friendlier regulatory framework for the crypto
This week we saw bitcoin's price reaching a new all-time high around $67K. This came on the back of the
The SEC chairman called the recent Bitcoin Futures ETF more conducive to investor protection than a spot equivalent.
The leader of The Forward Party - Andrew Yang - said his political organization will have a pro-cryptocurrency approach.
New York Attorney General Letitia James wants to shut down unregistered cryptocurrency lending service providers and make them "follow the
Tether and Bitfinex were ordered by the CFTC to pay fines worth a total of $42.5 million for various violations.
Binance has expanded its regulatory compliance efforts by hiring compliance expert Mark McGinness.