The Saudi Central Bank warned in 2019 that Bitcoin is “not recognized by legal entities” but hasn’t made many statements on crypto since.
Category: Ethereum News
‘Historic week’ as stablecoin, self-custody bills advance to House floor
The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets.
Grayscale urges SEC to approve all Bitcoin ETFs simultaneously
Grayscale’s ETF was previously knocked back by the SEC and it wants it and competing ETFs approved together so none have an advantage.
SEC chief accountant warns accountants about liabilities when auditing crypto firms
Paul Munter says making or allowing misleading statements can have serious consequences for accounting firms and individual accountants.
‘Pro-crypto bill’ passes out of US House Agriculture Committee
The Republican bill, dubbed FIT for the 21st Century, was drafted by two House committees and passed after strenuous preparations by members of both parties.
Crypto bills pass congressional committee in ‘huge win’ for US crypto
Two crypto regulatory bills have been passed by the United States House Financial Services Committee that could finally provide some much-needed regulatory clarity.
Stablecoins pose lower risk than bank deposits, says ex-Fed policy analyst
Stablecoins cannot be compared to bank deposits in terms of risk, nor can they be compared to money market funds, argues a new policy paper […]
Rep. Patrick McHenry blames White House for lack of urgency on stablecoin bill negotiations
Republican leadership has blamed the Biden administration for not having a “sense of urgency” on stablecoins, while the Democratic response suggested “impatience” by lawmakers.
Nexo joins sanctions association as regulatory scrutiny increases
Nexo looks to keep pace with regulatory requirements by implementing new certification requirements for its compliance team.
German political parties split on how to regulate increasing AI adoption
As the trilogue on the AI Act begins, the European Commission, German politicians, and digital experts express skepticism and make new demands.