Regulatory-ECHO: Bitcoin Boom raises critical regulators

One man’s joy is another man’s sorrow: So simple and outdated the fast diagnosis of the kitchen psychology on first glance seems to be so applicable in everyday life. This zero-sum game in the crypto-Space again and again, evidence finds, show the news in the last few days. While friends of crypto-currencies and Blockchain enthusiast face of continued Bitcoin boom is in the seventh heaven to think, seems to be the sudden course print state regulators finds it disturbing.

“Doubtful transactions” – ECB President Lagarde calls for Bitcoin regulation

After the lawmakers left the world of Bitcoin last more on the left, is now followed by a sudden alarmism. In the Holy Hall of the European Central Bank seems to be currently on a hard course against the crypto-to reflect a driving force. The recent statements by ECB President Christine Lagarde witnesses. In a speech she urged last a tougher Bitcoin regulation by the leading economic States. Bitcoin is a “speculative Asset” and doubt allows for “dubious transactions” and money laundering.

“Don’t be blinded” – BaFin warns of Bitcoin and co.

Just as critically, it echoed in the last week of the sides of the top German financial Supervisory authority BaFin. In a statement, the authority Investors warned of the most recent price developments on the crypto market get carried away. Not only direct Investments in Bitcoin & co., but also of the corresponding derivatives, it is important to leave the Finger.

Gary Gensler is the new SEC chief be – is this the death knell for Ripple (XRP)?

Not only the rising Bitcoin must expect course against the wind of the legislature. In the face of the rotating staff carousel in the US stock market regulator, the SEC, must make a Ripple on a hard Hand caught. The changing of the Guard at the top of the authority, was thought by many to XRP Holders last as a glimmer of hope. However, their new boss Gary Gensler could usher in the end of the crypto currency. Past statements suggest that the former mit Professor and head of the sister authority CFTC in the course of the SEC.

FinCEN is delay – the US Department of the Treasury slows down controversial legislative initiative

For at least entertaining the facilitation meanwhile, the recent announcement of the U.S. Treasury is expected to provide. The Financial Crimes Enforcement Network (FinCEN) had given the loud complaints from the private sector and politics, and his controversial legislative initiative for the regulation of crypto-Wallets slows down. Specifically, the resentment of the Opposition was sparked recently in the short period of time to obtain public consultation comments. This has now been extended to 15 and 45 days.


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CBDC-Tests, extended – China puts up a crypto-money vending machines

On the other side of the Pacific setting, however, continue to be decided on its own recipe, the crypto-Boom harness: the digital Yuan. After China had used lotteries to be the state to make their own digital money in people known to be, managed to Beijing now at the same time, the necessary infrastructure for the wide use. In Shenzhen, the state-owned Agricultural Bank of China has now set crypto-ATM, in which the Yuan in the digital Version and exchanged it can be.

Bitcoin Mining in Pakistan: New law provides support

Instead of blinders and handcuffs try again in other States, to the hour, to take advantage of the Bitcoin Boom for themselves. In Pakistan, about a two-state Mining farms went last to the grid. At the same time, a draft law, the public investment in mining was followed to facilitate infrastructure. Similar to Iran, the attempt seems to be herein, and to the Treasury Supplement. Recently, the Coronavirus pandemic had left behind in the economic performance of the country left a deep mark.

“Dark market” – the police, the FBI and Europol shut off huge Darknet-commercial space

In the fight against crime on the Internet, an international investigative tandem is successful, however, most recently, a joint Coup. German police, U.S. investigators from the DEA and the FBI and the European police authority, Europol, has managed in the last week, to take the supposedly largest Darknet marketplace “dark market” by the network. The transactions Bitcoin and Monero will be in a current total of almost 135 million euros moved. Observers see in such a determination be made an opportunity for crypto-currencies, improve their Image.