bitcoin
Bitcoin (BTC) $ 16,863.91 1.28%
ethereum
Ethereum (ETH) $ 1,233.08 2.92%
tether
Tether (USDT) $ 1.00 0.08%
bnb
BNB (BNB) $ 284.75 1.92%
usd-coin
USD Coin (USDC) $ 1.00 0.05%
binance-usd
Binance USD (BUSD) $ 1.00 0.01%
xrp
XRP (XRP) $ 0.384297 2.16%
dogecoin
Dogecoin (DOGE) $ 0.095948 4.26%
cardano
Cardano (ADA) $ 0.311103 2.41%
matic-network
Polygon (MATIC) $ 0.895724 2.17%
polkadot
Polkadot (DOT) $ 5.30 3.65%
staked-ether
Lido Staked Ether (STETH) $ 1,218.96 2.83%
litecoin
Litecoin (LTC) $ 77.02 3.35%
shiba-inu
Shiba Inu (SHIB) $ 0.000009 2.02%
okb
OKB (OKB) $ 20.97 0.33%
dai
Dai (DAI) $ 1.00 0.01%
solana
Solana (SOL) $ 13.59 4.92%
tron
TRON (TRX) $ 0.053219 0.94%
uniswap
Uniswap (UNI) $ 6.03 2.08%
avalanche-2
Avalanche (AVAX) $ 13.26 2.82%
leo-token
LEO Token (LEO) $ 3.79 0.52%
chainlink
Chainlink (LINK) $ 6.89 2.80%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 16,852.86 1.04%
cosmos
Cosmos Hub (ATOM) $ 9.61 5.20%
the-open-network
The Open Network (TON) $ 1.82 0.87%
monero
Monero (XMR) $ 143.92 0.35%
ethereum-classic
Ethereum Classic (ETC) $ 18.77 4.05%
stellar
Stellar (XLM) $ 0.084571 2.04%
bitcoin-cash
Bitcoin Cash (BCH) $ 109.36 2.20%
quant-network
Quant (QNT) $ 117.59 2.91%
crypto-com-chain
Cronos (CRO) $ 0.064205 3.72%
algorand
Algorand (ALGO) $ 0.222111 5.20%
filecoin
Filecoin (FIL) $ 4.34 5.22%
apecoin
ApeCoin (APE) $ 3.92 5.93%
near
NEAR Protocol (NEAR) $ 1.69 4.57%
vechain
VeChain (VET) $ 0.018721 2.60%
hedera-hashgraph
Hedera (HBAR) $ 0.047231 2.48%
internet-computer
Internet Computer (ICP) $ 4.17 4.60%
eos
EOS (EOS) $ 0.996741 3.80%
flow
Flow (FLOW) $ 1.05 5.81%
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 44.24 3.06%
frax
Frax (FRAX) $ 0.999544 0.17%
trust-wallet-token
Trust Wallet (TWT) $ 2.46 4.89%
terra-luna
Terra Luna Classic (LUNC) $ 0.000166 3.83%
axie-infinity
Axie Infinity (AXS) $ 8.58 4.71%
the-sandbox
The Sandbox (SAND) $ 0.585515 4.15%
tezos
Tezos (XTZ) $ 0.987911 2.61%
theta-token
Theta Network (THETA) $ 0.879308 2.57%
aave
Aave (AAVE) $ 61.37 3.86%
huobi-token
Huobi (HT) $ 6.29 4.75%

EU Commissioner Urges US Lawmakers to Establish New Crypto Rules

07/12/2022
08/12/2022

MetaVentures Bangkok 2022

Bangkok, Thailand
14/12/2022
27/02/2023

ICBM Expo

Dubai, UAE
03/03/2023
Ffw3cehwaaarypw

Mairead McGuinness, the European Commission’s commissioner for monetary companies, warned concerning the risks that digital belongings may pose to monetary stability and referred to as for US politicians to draw up new guidelines to govern the crypto trade.

Per the Financial Times, throughout a visit to Washington, DC, the commissioner met politicians who’re on the middle of crypto regulation dialogue within the USA, together with the Republican member of the House Patrick McHenry and the Democratic senator Kirsten Gillibrand.

McGuinness advised the Financial Times that she was “encouraged” by the conferences and that the US politicians appear to be “moving in the same direction” as their EU counterparts.

She added, nonetheless, that,

“There’s a lot of concern at a European level as to [what would happen] if crypto were not to be regulated. There could be — in time, if it grows — financial stability problems. There also are investor issues around a lack of certainty.”

Ever because the collapse of the Terra/LUNA ecosystem, the market crash this 12 months, in addition to the next string of bankruptcies, regulators internationally have sharpened their already rising concentrate on the trade.

McGuinness argued that any regulation imposed on the trade has to be international if it had been to work. Referring to different international locations which have began following the EU’s lead on crypto regulation, she advised the information outlet that,

“We do need to see other players also legislating, perhaps differently, but with the same objective… We need to look at global regulation of crypto.”

Similarly to McGuinness, the Financial Stability Board referred to as for a worldwide framework for crypto regulation efforts. Last week, as reported, this worldwide advisory physique created by the G20, laid out its suggestions for crypto regulation and mentioned that the majority present stablecoins usually are not in compliance.

However, when it comes to the US, the Financial Times report cited folks “close to negotiations,” saying that the 2 events are nonetheless months away from reaching an settlement on key questions, together with the stablecoin rules. This is regardless of the elevated effort to come to an settlement over the trade regulation amongst politicians and regulatory companies, with some taking a harder stance in direction of crypto corporations particularly, such because the Securities and Exchange Commission (SEC).

At the start of the month, the group of monetary regulators comprising the US Financial Stability Oversight Council issued a report, calling on politicians to attain an settlement on crypto-related issues. Among different conclusions, the Council advisable taking “steps to address regulatory arbitrage, including coordination, legislation regarding risks posed by stablecoins, legislation relating to regulators’ authorities to have visibility into, and otherwise supervise, the activities of all of the affiliates and subsidiaries of cryptoasset entities, and appropriate service provider regulation”

Famous Canadian businessman and tv character Kevin O’Leary, aka Mr. Wonderful, argued {that a} piece of regulation referred to as the ‘Stablecoin Transparency Act’ has an opportunity of getting handed by the US Congress “very quickly” after November 8, the date of the midterm elections. Per him, each the Democrats and the Republicans assist some type of crypto regulation – so the rules are coming, he said. 

Meanwhile, over within the EU, a significant occasion occurred simply this month: after two years of discussions, the EU’s landmark crypto laws – Markets in Crypto Assets Regulation (MiCA) – handed the European Parliament. The invoice goals to regulate all crypto-related actions.

Also, as reported just lately, the European Commission, which is the EU’s government department that proposes laws and implements choices, seeks to have automated software program to monitor decentralized finance (DeFi)  exercise by way of the Ethereum (ETH) blockchain information.

____

Compiled by Coinbold

Top Gainers
NamePrice24h %
Top Losers
NamePrice24h %