Billionaire investor Bill Ackman expressed his views on the collapse of the Terra ecosystem, calling it “the crypto version of a pyramid scheme.” “Investors were promised 20% returns backed by a token whose value is driven only by demand from new investors in the token,” Ackman tweeted. “There is no...
The American computer programmer and entrepreneur who co-founded Microsoft Corporation – Bill Gates – revealed he had not distributed some of his wealth into cryptocurrencies. He said he likes investing in things that have “valuable output,” arguing digital assets do not fit this bill. Crypto Is Not Bill Gates’ Cup...
Laurentino Cortizo, the president of Panama, has said he won’t sign off on a crypto bill recently approved by the country’s National Assembly without additional Anti-Money Laundering rules. Speaking at the Bloomberg New Economy Gateway Latin America conference on Wednesday, Cortizo said the bill recently passed by Panama’s legislature must...
Domain Money founder and CEO Adam Dell argues the move is a ‘great developmen’t for the crypto industry. EXCLUSIVE: House Republicans on Friday unveiled a new bill that would prevent the Labor Department from restricting investment options available to employees in self-directed retirement accounts, and would allow Americans to add...
The DABA has been in the works for a while, but a leaked report sheds light on what regulations are coming. South Korea’s new President has also promised to regulate the crypto industry fast. The DABA is expected to come into effect by 2024. The government of South Korea may...
advertisement Although Panama’s National Assembly passed a crypto asset regulation bill in late April, its president Laurentino Cortizo said he would not endorse it as written today. “If I’m going to answer you right now, at this moment, the information that I have — which is not enough — I...
Panama’s President Laurentino Cortizo has called for stricter anti-money laundering (AML) controls in the much-anticipated bill that aims to regulate the use of cryptocurrencies, passed by the general assembly. He also refused to sign into law until the modifications are implemented. The President’s Take Cortizo said he needs guarantees that...
The recent crash of the cryptocurrency market — one in which many consumers lost 50% or more of their investment — has not deterred Assemblywoman Yvonne Lopez from pushing for passage of the Digital Asset and Blockchain Technology Act, legislation for which she is a cosponsor. If anything, it has...
Panama has approved a bill regulating the use of bitcoin and cryptocurrencies as payment. The goal is to foster job creation and make the country a leading technology hub in Latin America, a Congressman said. There will be no capital gains tax on bitcoin investments. Panama has unanimously approved overhaul...
The U.K could become the first country to provide a legislative framework for fiat-pegged crypto assets specifically. Key Takeaways Her Majesty’s Treasury has confirmed plans to regulate stablecoins as a form of payment in the U.K. The legislation will be part of a new Financial Services and Markets Bill designed...
