What’s significant with BNY Mellon’s announcement is how the bank plans to ensure that digital assets aren’t treated any differently than stocks and bonds, meaning all of these holdings will be managed through the same infrastructure. And rather than solely focusing on the likes of Bitcoin and Ethereum, it appears that BNY Mellon has few limits on the types of digital assets that it’s willing to accept.
-
-
Bitcoin used for ‘funny business’ and must be regulated globally: Lagarde
The ECB president says Bitcoin is being used for ‘totally reprehensible money laundering activity’ and calls for international efforts to clamp down on crypto
European Central Bank President Christine Lagarde has called for a global crackdown on the world’s biggest cryptocurrency—and said existing loopholes need to be closed. With the crypto markets surging in recent weeks, this serves as further evidence that central banks are scrutinizing BTC like never before.
-
SEC Commissioner Hester Peirce—aka Crypto Mom—said cryptocurrency is good for freedom, but regulation could strangle it (Photo: U.S. Senate)Crypto Mom: Cryptocurrency regulation undercuts freedom
SEC Commissioner Hester Peirce told the libertarian Federalist Society that by cutting out financial intermediaries, crypto is a powerful force for personal liberty
The Republican appointee praised cryptocurrency for making the principle that people have a fundamental right to voluntarily to engage in mutually beneficial transactions with one another more powerful than ever before in history.
-
Bitcoin is gold 2.0, will dethrone gold within decade: Gemini’s Cameron Winklevoss
The Gemini exchange co-founder said that he expects Bitcoin to appreciate 25 to 30 times from the current price of $18,000 to $20,000, taking its market cap past gold’s $9 trillion
Winklevoss also said that the regulatory climate in the United States, most of Europe, and parts of Asia is “very pro-Bitcoin.”
