UK Government Rejects Treating Unbacked Crypto Trading as Gambling
The UK government has taken a strong stance against categorising consumer trading in unbacked cryptoassets as gambling. This comes in...
Unbacked
Creating framework for unbacked Crypto assets’ regulation a priority: RBI
The Reserve Bank of India has said that one of its priorities is to create a framework for global regulation,...
Unbacked Crypto Is a Ponzi Scheme
The governor of Ireland’s central bank, Gabriel Makhlouf, has referred to aspects of crypto as a “Ponzi scheme.” Regulators worldwide...
India To Explore Possible Prohibition Of Unbacked Crypto Assets During G20 Presidency
Crypto assets could be prohibited because of their ‘next to negligible’ real-life use cases and multi-nation regulatory oversight mechanism: RBI...
Lou Kerner Makes UST/USD Comparison, Stating Unbacked Things ‘Go to Zero’
In an appearance on CNBC’s ‘Power Lunch,’ Lou Kerner of Blockchain Coinvestors compared the U.S. Dollar to the failed stablecoin...