Regulation

OKX CEO Star Xu recently issued a warning to users regarding the potential risks associated with interacting with the sanctioned crypto mixer, Tornado Cash. Xu emphasized that deposits from sanctioned entities, including Garantex and Tornado Cash, or withdrawals to these entities could trigger compliance risks and lead to account suspension. This highlights the importance of
0 Comments
The addition of options features to spot Bitcoin exchange-traded funds (ETFs) in the US is anticipated to occur in the fourth quarter, as indicated by Bloomberg ETF analyst James Seyffart. However, Seyffart also mentioned the possibility of this offering beginning as early as the third quarter, with the final decision deadline from the US Securities
0 Comments
Russian President Vladimir Putin expressed concern over the significant electricity consumption by Bitcoin and other crypto mining facilities in the country. He highlighted that this uncontrolled power usage has led to power shortages in regions such as the Irkutsk region, Buryatia, and Trans-Baikal Territory. Putin emphasized the severity of the issue, stating that it could
0 Comments
Senator Cynthia Lummis of Wyoming has recently spoken out against the Biden administration’s plan to impose a 30% tax on Bitcoin miners. She believes that this tax would be detrimental to the industry, stifling innovation and potentially forcing mining operations to move overseas. In a social media post on July 23, Senator Lummis stated that
0 Comments
Senator Cynthia Lummis of Wyoming made headlines with her groundbreaking proposal to use Bitcoin to supercharge the US dollar and pay off the national debt. The proposal, known as the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act,” aims to establish a Strategic Bitcoin Reserve to manage the Federal Government’s Bitcoin holdings
0 Comments
The Bahamas Securities Commission recently passed the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), marking a significant milestone in the country’s digital assets industry. This move comes nearly two years after the collapse of FTX, a major exchange headquartered in the Bahamas in 2022. Christina Rolle, the executive director of the Securities Commission,
0 Comments