The White House published a statement warning about the risks of cryptocurrencies, pointing to last year’s various collapses. I spoke to an administration official about the statement and what it means.
Benjamin Bathgate, partner at Canadian-based law firm McMillan LLP, says the lawsuit against Avraham Eisenberg, the alleged Mango Markets exploiter, could impact how DAOs implement their legal and governing structures in the future.
Commission Chairman Behnam says his agency is gearing up for another year of significant actions in the crypto industry as he tries to ramp up his enforcement staff.
Nigerians are paying a premium, but probably more for the U.S. dollar than for bitcoin, an analyst told CoinDesk.
But that shouldn’t disqualify blockchain technology, and regulators should steer clear of extreme measures, the former governor of India’s central bank told CoinDesk in Davos.
The industry is keenly watching divergences from Brussels in areas like stablecoins, lending and bitcoin disclosures.
But the country’s financial watchdog says it will “take a consistent approach to that taken for other high-risk investments,” when the time comes to set up enforcement rules.
The industry has largely welcomed plans that could cover crypto lending and NFTs, and force foreign companies to register and set up in the country.
As crypto comes within the regulatory fold, there will be disputes over rules, procedures and jurisdiction – and the relatively compliant may end up bearing the brunt of regulators’ wrath.