• adblock,  Bitcoin,  Regulation

    Crypto-trolling financial adviser relishes outrage after calling for U.K. Bitcoin ban

    Financial adviser Neil Liversidge says he isn’t bothered that his petition has received just 111 of the necessary 100,000 signatures. He just wants to cripple criminals—and drive ‘Bitcoin people…berserk’

    A financial adviser who has launched a petition urging the U.K. government to ban Bitcoin transactions has told Modern Consensus: “I want to crash crypto.”

  • digital dollar first-mover advantage
    People,  Regulation,  Technology

    Fed Chair: Digital dollar will have a ‘first-mover advantage’ whenever it comes

    China may be far ahead but Jerome Powell said the U.S. dollar’s role of as the world’s reserve currency gives it a lead in any central bank digital currency race

    At the Federal Reserve "we actually think we need to get this right, and we don't feel an urge or need to be first,” Powell said of a digital dollar. "We’re going to look at it very, very carefully and we’re investing heavily in understanding the technology and analyzing the policy questions—the many policy questions.”

  • Brian Brooks leaves OCC
    Cryptocurrencies,  Regulation

    Crypto-friendly Brian Brooks steps down as bank overseer

    The former Coinbase executive’s rulings at the Office of the Comptroller of the Currency aided the cryptocurrency industry by allowing banks to custody and make payments with stablecoins

    During his eight months at the head of the Office of the Comptroller of the Currency, Brooks, a former general counsel at Coinbase, enacted a number of reforms that helped push the cryptocurrency industry farther into the banking industry’s mainstream, most recently authorizing banks to use stablecoins to make payments and for other transactions on behalf of customers.

  • Bitcoin regulated globally Lagarde
    Bitcoin,  Regulation

    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.