The FTX blow up has highlighted this strategic question. This is one WITHOUT a magic quadrant. Crypto is either a regulated asset or a disruptive technology – but it cannot be both. If you believe that crypto is a regulated asset, the easy trade is to buy Coinbase stock (COIN). Coinbase is fully regulated in…
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Ronald Regan once said: “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” Does this “One size fits all” approach work for crypto? In recent months there has been a flood of cryptocurrency news, due to market volatility and piecemeal regulatory developments. The crypto crash —…
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Last week the EU reached an agreement on its Markets in Cryptoassets (MiCA) directive, delivering a single rule book across 27 countries and bringing years of debate on how to regulate the digital-asset industry to an informal close. As the final step, it still needs to be approved by the Council and the European Parliament.…
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On one day in April I ran a simple experiment. I typed Fintech into a search engine and hit News and looked at the top 10 news items through a West or Rest lens. Among the top 3 results, 2 have a Rest slant with one being an Indian company and the other being a…
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Scanning this week’s news there were a few stories that caught my eye. The Central African Republic has adopted bitcoin as legal tender, becoming the second country in the world to do so after El Salvador. To say that this is big news is an understatement. Oddity, a D2C makeup company, is offering a security token…
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The price of Ether (ETH) fell by 19.6% on April 18, resulting in the quick liquidation of $1 billion in long futures contracts. Despite the size of this record liquidation and its impact on Ether’s price, the futures open interest remained above $20.5 billion, which is 5% below the previous month. After the sell-off, there…
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The U.S. House of Representatives on Tuesday passed H.R. 1602 — the Eliminate Barriers to Innovation Act — introduced by Congressman Patrick McHenry (R-NC). H.R. 1602 was among six bipartisan financial services-related bills passed by Congress on Tuesday with the McHenry-sponsored legislation focusing on regulatory clarity for cryptocurrencies. Introduced back in March, the bill seeks…
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A Republican lawmaker from Ohio is preparing legislation that would reportedly be aimed at preventing U.S. citizens from evading taxes on their crypto earnings. In an interview with CNBC’s Squawk Box today, Senator Rob Portman said he hoped to introduce a bill with bipartisan support after the next congressional recess which would address the problem…
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The Australia Securities and Investments Commission, or ASIC, is urging local blockchain and crypto firms to engage with regulators to help them foster innovation in the region. Speaking at the Australia Blockchain conference on Monday, April 19, senior advisor of strategic intelligence at ASIC, Jonathan Hatch, emphasized the regulator is trying to build trust and…
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Many users on social media have started an online campaign for Pakistan Prime Minister Imran Khan to bring back pro-crypto adviser Zia Ullah Bangash. On Saturday, Bangash, the science, technology, and information technology adviser to Mahmood Khan, the chief minister of the Khyber Pakhtunkhwa province, announced he would resign his position. Bangash cited “unavoidable circumstances” in his…
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