Biden Administration Crypto Regulatory Framework Reportedly in the Works
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- Published: Tuesday, 20 April 2021 10:54

Sources close to the Biden administration have revealed that a new crypto regulatory framework is being developed.
Sources close to the Biden administration have revealed that a new crypto regulatory framework is being developed.
The Ukrainian parliament’s tough stance on crypto has been solidified with their most recent bill that criminalizes people who fail to declare their crypto holdings. The draft released by the parliament of Ukraine could be turned into law if approved, and would result in a fine, or jail time of up to two years.
The UAE government's adoption of blockchain technology for its legal notary services builds on its ambitions to go completely digital.
Dogecoin’s craze continues with the addition of Snickers and Milky Way during a day many attempt to turn into the official DogeDay.
Despite a bounce earlier on Friday, bitcoin may yet see further losses in the near term.
Bitcoin’s shorter-term price woes are likely not over yet, analysts say, with one predicting a further decline to $26,000.
New U.S. President Joe Biden has frozen all agency rulemaking, including the proposal by the Financial Crimes Enforcement Network (FinCEN) relating to cryptocurrency wallets. Biden will appoint someone to “review any new or pending rules,” the White House has announced.
Janet Yellen, Joe Biden’s pick for the Treasury Secretary, has revealed her policy for cryptocurrencies, including bitcoin. She claims that cryptocurrencies are mainly used for illicit financing and their use needs to be curtailed.
S&P Dow Jones Indices, a major financial data firm, said Thursday it will launch a customizable cryptocurrency indexing service in partnership with crypto data provider Lukka in 2021.
As the Bitcoin bulls continue to run and push the BTC price to new levels, a massive amount of crypto has been shifting from East Asia to North America—a trend which could represent a huge shift in the crypto market according to Reuters.
The hosts of Keiser Report, Max Keiser and Stacy Herbert, look at how heavy gold-buying in Turkey is causing fiat currency woes. Wait until the Turks discover bitcoin, they say.
“Well, let me make this recommendation to countries around the world as this idea of a global reset is being talked about by the IMF,” says Max.
According to him, there will be a sit-down with the G20 nations or G7 nations, and they will do a reset of the global economy and they are going to do it largely based on gold and gold ownership.
“But I would say this to Turkey and to every other country: when you sit down to the reset table with the IMF, have as much bitcoin in your back pocket as possible, or you are going to be miserable because that’s the only stick you have to leverage.”
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