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ForkLog 25 15.09.2021

Fidelity presses SEC on approval of Bitcoin-ETF filing

Tom Jessop, head of Fidelity Investments’ digital assets division, and his colleagues at a meeting with SEC officials laid out arguments in favour of approving a Bitcoin ETF.

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ForkLog 18 15.09.2021

Senator Elizabeth Warren discussed the crypto market crash with Gary Gensler

The crypto market crash and the related outages on bitcoin exchanges underscore the need for regulation of the industry by the U.S. Securities and Exchange Commission (SEC). Senator Elizabeth Warren expressed that view at a Banking Committee hearing.

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ForkLog 7 14.09.2021

BlockFi chief says crypto lending will survive regulatory pressure

BlockFi CEO Zac Prince expressed confidence that crypto lending services would survive despite regulatory pressure at the state level.

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ForkLog 14 14.09.2021

Biden nominates critic of facial recognition to FTC post

U.S. President Joe Biden has nominated privacy advocate Alvaro Bedoya to a Democratic seat on the Federal Trade Commission.

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ForkLog 14 14.09.2021

Comment: Gary Gensler to launch a crusade against Bitcoin exchanges

Crypto exchanges have listed unregistered securities, and regulators intend to combat this. That is the leitmotif of the forthcoming September 14 testimony by SEC Chairman Gary Gensler before the United States Senate. Gensler’s statement to the Senate tomorrow: 1. Crypto exchanges are selling what we believe are securities;2. «Make no mistake,» we are coming after crypto exchanges;3. There will […]

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ForkLog 8 14.09.2021

Media: US Democrats in Congress push to close tax loopholes in cryptocurrency transaction reporting

The second U.S. infrastructure plan worth $3.5 trillion could be passed with amendments extending the wash-sale rule to cryptocurrency transactions, Politico reports.

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ForkLog 14 13.09.2021

Shark Tank star Kevin O’Leary urges US cryptocurrency regulation

Investor and star of the television show Shark Tank, Kevin O’Leary, urged U.S. authorities to move as quickly as possible to develop a regulatory framework for the cryptocurrency market. He said this in an interview with CNBC.

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ForkLog 14 13.09.2021

Uzbekistan’s central bank rules out use of cryptocurrencies as a means of payment

Bitcoin and other cryptocurrencies cannot be used as a means of payment in Uzbekistan, and this is unlikely to change anytime soon, said Behzod Hamraev, deputy chairman of the local central bank.

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ForkLog 20 13.09.2021

India plans to tax cryptocurrencies, instead of banning them

In the near term, Indian authorities plan to tax bitcoin exchanges and transactions involving digital assets, instead of banning cryptocurrencies. The Economic Times reports.

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ForkLog 12 13.09.2021

US Treasury weighs threats and benefits of stablecoins in talks with banks

US Treasury officials discussed risks and benefits of stablecoins with representatives from the banking community and credit unions, Reuters reports, citing its own sources.

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ForkLog 29 13.09.2021

Media: 40 of South Korea’s 60 crypto exchanges to close due to regulator’s requirements

After September 17, 40 out of roughly 60 cryptocurrency exchange operators in South Korea will cease operations due to FSC requirements. The Financial Times reports.

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ForkLog 23 13.09.2021

Bank of Russia recommends blocking cards and accounts for transactions with bitcoin exchanges

The Bank of Russia has defined criteria that will enable banks to identify cards and electronic wallets used by the shadow economy. The regulator regards cryptocurrency exchanges, as well as illegal online casinos, financial pyramids and illegal forex dealers.

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