Tag: Regulation

Biden’s SEC chair nominee signals more regulation for cryptocurrencies.

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KEYPOINTS • Guidelines to be created for crypto currency • Bitcoin might be excepted S.E.C law • Crypto market is worth $1.45 trillion as Tuesday (3rd of March, 2021) • Tesla and MasterCard embraces crypto currency The U.S. Securities and Exchange Commission appears likely to work on its first guidelines for cryptocurrencies after President Joe Biden’s nominee to lead the agency promised to provide “guidance and clarity” to the rapidly evolving market.

Cryptocurrencies Must Be Regulated and Not Prohibited – Yemi Osinbajo Contradicts CBN.

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In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets. He adds that instead of “killing the goose that might lay the golden egg”, Nigerian monetary authorities must consider providing a “robust regulatory regime” that addresses their concerns.