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Regulation
Financial Stability Group Warns of Stablecoin, DeFi Risks in Annual Report
Top U.S. financial system regulators highlighted crypto’s growing risk in their annual stability annual report.

Paraguay’s Senate Approves Proposal Regulating Crypto Mining and Trading
The bill, which seeks to take advantage of the Latin American country’s energy surplus, will be discussed by the Chamber of Deputies in 2022.

Federal Regulator Says Credit Unions Can Partner With Crypto Providers
The new guidance will allow them to support the buying and selling of cryptocurrencies.

Russian Central Bank Seeks Ban on Crypto Investment: Report
The central bank is looking at a complete ban on future crypto investments in the country.

‘Avoid Ban on Private Cryptocurrencies,’ Indian Technology Think Tank CIS Recommends
The recommendations include classifying crypto in a way that allows it to be regulated by either the central bank or the markets regulator.

India’s Crypto Bill Likely to Be Delayed for Several Weeks: Reports
The bill, which needs Cabinet approval to be heard by the full parliament, isn’t on the agenda for today’s meeting.

The Infuriating Patchwork of Crypto Regulations Is Good for Crypto
Calls for a centralized crypto regulator in the U.S. feed the false narrative that the industry is unchecked.

Bank of Russia Bars Mutual Funds From Investing in Crypto
In a new directive, the regulator prohibited Russian mutual funds from directly or indirectly investing in crypto assets.

SEC’s Gensler Says Crypto ‘Fits in Our Broad Remit’: Report
The U.S. regulator also restated his request to crypto exchanges to “come in, work with the SEC.”

Binance Singapore Drops Crypto License Plans in City-State
Binance has already set up an entity for a global headquarters, the exchange’s CEO Changpeng “CZ” Zhao said.
