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13 Feb 23

Coinbase to defend against staking services ban in court

Brian Armstrong, the CEO of Coinbase, made a remark on Twitter where he declared that Coinbase’s staking services are not securities. Armstrong also added that the company would gladly defend this position in court if necessary after rumors of a staking ban made rounds. The US Securities Act and the Howey test, which the SEC […]

10 Feb 23

Coinbase stock plunges 14% as staking ban fears spread

Yesterday, Brian Armstrong, CEO of Coinbase, the largest cryptocurrency exchange in the US, sent shockwaves through the cryptocurrency markets with a single tweet. 1/ We’re hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that’s not the case as I believe it would […]

10 Feb 23

‘Crypto mom’ disagrees with SEC over Kraken’s staking ban

SEC Commissioner Hester Peirce, known to the community as Crypto Mom, has criticized the agency for taking enforcement action against Kraken exchange and shutting down its crypto staking product following a $30 million settlement. The United States Securities and Exchange (SEC) commissioner Hester Peirce has disagreed with the dreaded regulator over its latest enforcement action […]

Cake DeFi Launches Ethereum Staking Service with Five Percent Staking Yield

09 Feb 23

Coinbase CEO condemns rumors on SEC’s plan to ban crypto staking

Coinbase CEO Brian Armstrong has disclosed some unsettling rumors regarding the Securities and Exchange Commission’s (SEC) plans for crypto staking in the United States. In a Twitter thread on Feb. 9, Armstrong alleged the SEC wanted to get rid of crypto staking for U.S. retail investors. Although he didn’t reveal the source of the rumor, […]

02 Feb 23

Charlie Munger knocks crypto, wants US ban

Charlie Munger, a 99-year-old billionaire and strong crypto critic, has elicited virile reactions from the online crypto community for being unnecessarily critical with his request to have the U.S. replicate the Chinese crypto ban. A handful of comments on Munger’s Wall Street Journal opinion piece stated that his anti-crypto comments and his reference to China […]

29 Jan 23

Former PBOC member criticizes China’s ban on crypto

Huang Yiping, a former monetary policy member of the People’s Bank Of China (PBoC), has expressed concerns about China missing out on financial development opportunities following the nation’s ban on cryptocurrencies. Cryptocurrency adoption linked to development opportunities, says ex-PBoC member While the PBoC had reasons to ban virtual currency activities, Yiping notes that the central […]

26 Jan 23

Irish Central Bank head wants crypto ad ban

The head of the Central Bank of Ireland, Gabriel Makhlouf, has advocated for a ban on cryptocurrency-related advertising. Cryptocurrency ads associated with ‘ponzi schemes’ Makhlouf believes that investing in cryptocurrencies that are not backed by any traditional assets is gambling and claims that advertisements that promote cryptocurrency projects often expose investors to high-risk investments and […]

Japans 1 Trillion Crypto Market May Ease Onerous Listing Rules

26 Dec 22

Japan to lift its ban on foreign stablecoins in 2023

Japan’s Financial Services Agency (FSA) is set to lift the ban on foreign-issued stablecoins in 2023. The newly revised stablecoin act aims to regulate all virtual currencies and limit their issuance to banks and fund transfer companies, which can present collateral assets. The FSA plans for stablecoins in Japan would give domestic entities the power […]