Crypto News 

As Bitcoin, other currencies soar, regulators urge caution

“The proposal would place all retail commodities trading in digital currencies like bitcoin under CFTC jurisdiction, with some exceptions” reports foxbusiness.com. The world of bitcoin and digital currencies can be split into large branches.The public’s interest in all things bitcoin and efforts by entrepreneurs to fund their businesses with digital currencies is starting to draw more attention from regulators.But in the case of bitcoin and other digital currencies, retail investors were among the first to invest.The head of the Securities and Exchange Commission this week warned investors on the risks…

Read More
News Regulators Reviews 

Policy Daily Review December 15, 2017

Policy Daily Review for December 15, 2017 Post FOMC, ECB, BoE Price Action Setups The Dollar crumbled yesterday after testing a key zone of resistance, and this keeps the Greenback in a bearish state as we look towards year-end.   EUR/USD Rebound Unravels as ECB Buys Time; November-Low on the Radar The reaction to the ECB interest rate decision raises the risk for further losses in EUR/USD as the central bank keeps the door open to   DailyFX US AM Digest: Euro and Pound Ease off after ECB and BOE…

Read More
Crypto Markets News 

Bitcoin Trading Thrives Wherever Regulators Crack Down Most

“Bitcoin trading expanded faster this year in emerging markets than developed ones — and quickest of all in places where authorities tried to crack down” writes unknown author for bloomberg.com. Cryptocurrencies don’t rely on central banks or financial institutions and are traded on online exchanges and transferred anywhere in the world, allowing holders to skirt currency controls.While not all central banks in emerging markets addressed cryptocurrency markets with regulations, several have issued warnings.Bitcoin’s creators also set a limit to the amount of currency that could be created to avoid the…

Read More
News Regulators Reviews 

Policy Daily Review December 14, 2017

Policy Daily Review for December 14, 2017 ECB To Boost Growth Outlook As Stellar Year Comes To A Close The European Central Bank is set to raise its growth forecasts on Thursday as the single currency economy gained momentum in a remarkably uneventful year, boosting policymakers’ confidence as they gear up to trim asset purchases in January.   FTSE Flat Ahead Of Crucial Monetary Policy Statements The U.K. stock market is seeing lackluster moves Wednesday morning, with investors now showing any keen interest in building up positions ahead of the…

Read More
Crypto News 

South Korea considers cryptocurrency tax as regulators grapple with ‘speculative mania’

“To be eligible, exchanges in South Korea will need to uphold investor protection rules and disclose all bid and offer quotes” reports businessinsider.sg. SEOUL – South Korea said on Wednesday it may tax capital gains from cryptocurrency trading as global regulators worried about a bubble, with Australia’s central bank chief warning of a ‘speculative mania” that has seen the digital asset making rip-roaring gains.The world’s biggest and best known cryptocurrency, bitcoin, surged past $17,000 to new all-time highs this week, marking an almost dizzying 20-fold rise this year and feeding…

Read More
News Regulators Reviews 

Policy Daily Review December 13, 2017

Policy Daily Review for December 13, 2017 Regulators on Bitcoin and other digital currencies: Investors beware Bitcoin euphoria is prompting two top U.S. regulators to reiterate warnings about the potential risks of investing in digital currencies.   1930s Germany shows us that bad tax policy can magnify Washington’s worst problem by 1,000 OPINION: Eliminating tax deductions relied upon by poorer, sicker, younger Americans to fund cuts for the rich will push America further into fringe politics.   MERCOSUR: Free Trade Agreement With EU Expected This Month, Says Minister Argentinean Foreign…

Read More
Crypto News 

I Was Wrong About Bitcoin. Here’s Why.

“I agreed, thinking that the blockchain had real promise, but that Bitcoin would ultimately fade away” writes Kevin Roose for nytimes.com. There are now dozens of cryptocurrency-focused hedge funds, and even Goldman Sachs is clearing Bitcoin futures transactions for some clients.It was easy to think that these problems would lead regulators to take swift action against Bitcoin.I assumed that the blockchain would eclipse Bitcoin itself. Source: nytimes.com Share This:

Read More
News Regulators Reviews 

Policy Daily Review December 12, 2017

Policy Daily Review for December 12, 2017 Webinar: FX Week Ahead: UK & US CPI; Fed, BOE, ECB in Coming Days In the FX Week Ahead webinar, we review the top rated events on the DailyFX Economic Calendar and look at how they might impact FX   Forex Markets Ready for a Week of Central Banks: Fed, ECB, BoE Await As we near the end of what’s been a rather active 2017 across global markets, a number of longer-term themes remain at question. This week’s   Webinar: A Packed Week…

Read More
News Regulators Reviews 

Policy Daily Review December 11, 2017

Policy Daily Review for December 11, 2017 Weekly Trading Forecast: Fed, ECB, BOE Meetings Promise Fireworks Financial markets look set for fireworks as the Federal Reserve, the European Central Bank and the Bank of England deliver monetary policy announcements in the   How Will Fed, ECB, BoE Rate Decisions and an EU Summit Shake Up Markets? The threat of a wide scale reversal in equities seems to have quiet with Nasdaq holding the line on one of the more distinctive reversal   Next Week is Big for FX: Dollar, Euro,…

Read More
News Regulators Reviews 

Policy Daily Review December 8, 2017

Policy Daily Review for December 8, 2017 Regulations And Politics Rain On Pharma M&A Parade Deals are getting smaller despite competitive pressures to scale up.   Federal government runs $134 billion budget deficit in November, CBO estimates The U.S. government ran a budget deficit of $134 billion in November, the Congressional Budget Office said in an estimate on Thursday. That’s $2 billi   Congress narrowly avoids government shutdown, delays deadline 2 weeks The House passed a funding bill to keep the government open until December 22. The bill needs to…

Read More