$BTC Tanks 4.4% on Recession Fears 💥😤 #Bitcoin plummeted by 4.4% to $61,000 following the release of the July US employment report, 📈 which ignited concerns about a potential recession. ⛑️

Smaller cryptocurrencies like $ETH and $SOL experienced even steeper declines due to their lower liquidity. 👀

According to Matthew Graham, founder of Ryze Labs, several factors are currently impacting #BTC 's price, including: 👇
(1) Interest rate cuts: The potential for reduced interest rates could influence Bitcoin's value. 🤐
(2) Trump vs. Harris: The outcome of the upcoming election and its potential impact on cryptocurrency policies. 💦
(3) Cryptocurrency policy overhaul: The possibility of a significant shift in cryptocurrency regulation under a Kamala Harris administration. 🤖

As the market grapples with these uncertainties, investors are closely monitoring developments for clues on Bitcoin's future trajectory. DYOR! #recession #TrumpCryptoSupport #cryptoregulation

Russia Ventures into Regulated Crypto Trading. 🇷🇺

Russia's State Duma is exploring legislation to permit cryptocurrency trading on authorized exchanges, overseen by the Central Bank. This initiative aims to foster digital financial innovation through a controlled experimental framework.

📍Three pilot projects are planned:

🔹Using digital currency in international trade.
🔹Enabling trading on licensed exchanges.
🔹Establishing a national operator for digital currency settlements.

These endeavors aim to test novel approaches for crypto trading while safeguarding investors and managing risks.

A new framework will assess risk management systems and their effectiveness. Notably, the legislation does not prohibit exchanges outside these experimental zones.

Should the law pass, the Central Bank could initiate the program by September 1, 2024, setting rules for digital currency trading. This marks a shift from the Central Bank's historical stance, likely driven by external pressures. The proposal to legalize stablecoins for international transactions could boost trade among BRICS nations and counter Western sanctions.

These developments could position Russia as a significant player in the crypto landscape, potentially impacting the global financial market.

#Russia #cryptoregulation #Regulation #BRICS
#DUMA

Authorities in Iran are taking steps to make crypto payments easier for companies importing goods in the sanctioned country.
#iran #cryptoregulation #bitcoin #Bullish #cryptoonindia

Despite losing much of its value, Bitcoin remains the most popular crypto token in India, followed by DOGE and Ethereum, found a 2022 report by CoinSwitch.
#india #cryptoregulation #cryptoholders #Bullish #cryptoonindia

The officials at Bittrex slams SEC, According to a news the Officials says the lawsuit is baseless and its nothing but a product of Gary Gensler's policy to through Crypto out of the US.
#dyor #nfa #cryptoregulation #crypto2023

Singapore to Release New Guidance for Banks on Crypto Client Vetting, as the country continues to adapt its regulatory framework to address the growing crypto industry.

(source: Bloomberg) #cryptoregulation #Singapore #banking #crypto2023 #Binance

Amid the growing discussions around Donald Trump, guns and other topics tied to politics and entertainment, Bitcoin remains the most Googled term in the United States.

A search volume comparison based on Ahrefs data revealed that Americans are curious about Bitcoin, with Nevada taking the spot as the “most Bitcoin-crazy state” in the United States.

Despite former U.S. President Donald Trump making headlines consistently, he only takes the second position on the list of the most-searched terms in America.

#google #bitcoin #usa #cryptoregulation #cryptoonindia

🇺🇸 US Congressmen demand SEC Chair Gensler to approve spot #Bitcoin  exchange traded products

The SEC’s approach to Bitcoin regulation "has been unacceptable” 👏

#Binance #cryptoregulation

India’s Finance Minister🇮🇳 Nirmala Sitharaman says that the world bank & IMF spring meeting on crypto assets will take place in April(this month).

This meeting will mark a significant step towards global crypto regulation.
#BTC #ETH #BNB #india #cryptoregulation

🇬🇧 CryptoUK voices concern over FCA's crypto regulations impacting companies' UK presence. 🚫 FCA's guidelines on fin influencers, NFTs, and airdrops raise worries. 💼 Striking a balance crucial to avoid unintended consequences. Stay tuned for the regulatory landscape! #cryptoregulation #FCAimpact #bitcoinworld

The browser envisions the ability to digitally sign documents using a crypto token, bolstering secure transactions and digital interactions and support Web3.

The Indian Ministry of Electronics and Information Technology (MeitY) wants to give users the ability to use crypto tokens to digitally sign documents in a new indigenous web browser, it revealed on Wednesday.

The development assumes significance because India has not yet brought forward any legislation in parliament for Web3 or cryptocurrency, even if it has pushed for global rules for crypto as G20 president.

India's central bank has opposed legalizing cryptocurrency and, at the same time, promoted its central bank digital currency (CBDC).

#india #cryptocurrency #cryptoregulation #bitcoin #cryptoonindia

🚨 Crypto Regulatory Alert 🚨
🌐 Last year, crypto firms paid a whopping $5.8 billion in fines, with $4.3 billion hitting Binance, highlighting a surge in Anti-Money Laundering (AML) penalties. Traditional finance fines lagged at $835 million, the lowest in a decade.
📊 Fenergo data shows a 30% increase in money laundering fines to $6.6 billion, emphasizing the need for stronger oversight. 2023 witnessed 11 fines against crypto firms, a stark contrast to the average of less than two in the past five years.
🤔 Dennis Kelleher, CEO of Better Markets, sees these figures as a reflection of challenges in newer finance sectors, not an improvement in traditional banking. Regulators are turning attention to combat fraud and criminality in the expanding crypto space.
🌍 David Lewis, ex-FATF head, urges global standards to address oversight concerns in various jurisdictions, emphasizing the rise in risks. Kroll's AML chief advocates for preventive measures against criminal exploitation.
📈 Andrew Barber from Pinsent Masons predicts a rise in fines as governments implement new regulations, while Charles Kerrigan believes that despite tighter controls, fines might still occur to emphasize regulatory points in the $1.8 trillion crypto market.

#crypto #cryptoregulation #cryptonews #cryptocurrecny

BREAKING: Bloomberg analyst reiterates 90% chance of #Bitcoin    ETF approval by Jan. 10th, even if the SEC does not approve applications in the current window.

#BTC     #cryptonews #cryptoregulation

World Bank & IMF Spring Meeting On Crypto Assets Will Take Place In April 2023 (This Month): Nirmala Sitharaman (FM, India) 🇮🇳!

#india #cryptoregulation #BTC #ETH #BNB

New York Proposes #Crypto Regulatory Bill “CRPTO”

New York Attorney General Letitia James proposes "Crypto Regulation, Protection, Transparency and Oversight Act" (CRPTO) bill.#crypto2023 #cryptoregulation #crypto

HongKong hour?😏"One day in crypto, equals 10 years of earning".

#hongkongweb3 #hongkong #Web3 #cryptoregulation #cryptonews

👇👇

Billionaire pitches Bitcoin to Sri Lanka, gets snubbed.

✓Billionaire investor Tim Draper recently pitched Bitcoin adoption to Sri Lankan officials.

✓The pitch was shot down by the Governor of the Central Bank. #bnbgreenfield #cryptoregulation #onecoinmultiplechains

NBA China and Ant Financial partner for more NFTs.

#NFT #nftcommunity #adoption #cryptoregulation #hongkongweb3

India Reveals IMF Is Working With G-20 for #cryptoregulation

There's going to be a 135-minute seminar on crypto assets on the policy response (during a G-20 meeting later this month) and for that again the IMF is preparing the finalized paper that will form the base .
#dyor

Crypto Miners Await Verdict on Exclusion from IRS Broker Reporting Rule

#miners #crypto2023 #Regulation #regularinvestment #cryptoregulation