article thumbnail

U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. Central Bank Digital Currency (CBDC) ).

article thumbnail

European Central Banks Demand Strict Cryptocurrency Regulations

PYMNTS

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. But new technology can be used to make settling financial transactions more efficient.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Estonia Shelves Plans For National Cryptocurrency

PYMNTS

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank.

article thumbnail

IRS Offers $625K For Help Cracking Cryptocurrency Secrecy

PYMNTS

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

article thumbnail

New US 'Cryptocurrency Enforcement Network' Takes Aim At Bitcoin Scammers

PYMNTS

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address problems.

article thumbnail

Bitcoin Daily: Crypto-Themed Cruise Ship To Set Sail, Nigeria Eyes National Crypto Adoption

PYMNTS

The National Information Technology Development Agency and the Federal Ministry of Communications and Digital Economy of the country have teamed to create a framework for country blockchain adoption, CoinDesk reported, citing local media. billion USDC in circulation, according to the announcement.

National 299
article thumbnail

FinCEN and OCC address cryptocurrency: responsible innovation and pervasive hype

CFPB Monitor

On May 19, 2022, the Associate Director of the Enforcement and Compliance Division of the Financial Crimes Enforcement Network (“FinCEN”), Alessio Evangelista, spoke at the Chainalysis Links Conference in New York City on the topic of “The Intersection of Cryptocurrencies and National Security.” Responsible Innovation “.