Regulation of the crypto market has taken a crucial move forward following comments made earlier this week by the U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler.
During an interview with CNBC, Gensler said Bitcoin should now be labelled as a commodity.
As I was quoted by Investor Ideas, Mena FN, Share Wise, StockHead and Biz Community, amongst others, the SEC Chairman’s comments have cleared up years of debate. Bitcoin is now viewed as a commodity by one of the most influential regulators in the world, just like gold, and not a Read More
President Biden’s executive order on crypto shows the true value of Bitcoin and digital money.
Issued on Wednesday, the executive order directs the Justice Department, Treasury and other departments to study the legal and economic repercussions of creating a U.S. central bank digital currency (CBDC) and overseeing the crypto market.
Previously, U.S. Treasury Secretary Janet Yellen inadvertently published details prematurely of how the Treasury is planning to respond to the Read More
After previously contemplating a ban, India is now planning to tax and regulate Bitcoin and crypto, which may well be the next step towards it becoming legal tender in the country.
India’s Finance Minister Nirmala Sitharaman announced the 30% tax on any income from the transfer of digital assets, which is a first for the country.
As I was quoted by Pound Sterling Live and The Korea Times, amongst other media, like many other nations, India has realised that a crypto ban is Read More
The chair of the U.S. Securities and Exchange Commission (SEC) is, we believe, right that crypto trading platforms should be regulated.
The Financial Times published an interview with Gary Gensler last week, in which he said although he was “technology neutral”, crypto assets were no different than any others in terms of investor protection, guarding against illicit activity and maintaining financial stability.
Gensler’s stance on cryptocurrencies should be welcomed. With Read More
With Bitcoin hitting yet another record high over the weekend, as we predicted, financial watchdogs must prioritise crypto regulation.
Bitcoin, the largest cryptocurrency by market cap, reached an all-time high, exceeding $61,000 on the deVere Crypto exchange on Sunday for the first time.
As it stands, whether the crypto sceptics like it or not, we cannot get away from the fact that Bitcoin is becoming an ever more important part of the global financial Read More