Don’t Ban Crypto, Says Former FDIC Chief Sheila Bair

The former chairperson of the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits in the U.S., says that cryptocurrencies shouldn’t be outlawed. According to a new interview published by Barron’s, Sheila Bair suggested that while bitcoin and other cryptos lack an “intrinsic value,” so do currencies such as the U.S. dollar. “I don’t think we should…

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Canadian Regulator Warns Against ‘Illegal’ Crypto Investment Scheme

A finance regulator in the Canadian province of New Brunswick has warned residents about investing in a so-called “cryptocurrency bank” and its associated token. In a March 5 statement, representatives from the Financial and Consumer Services Commission (FCSC) sounded the alarm about Bitcoin-bank.io, which according to its website promises a daily return on deposits through… The post Canadian Regulator Warns Against ‘Illegal’ Crypto Investment Scheme appeared first on Complete Bitcoin Guide for Beginners .

Former Thai Finance Minister Calls for Crypto Regulation

A former finance minister of Thailand has voiced his support for new regulations around cryptocurrency trading and initial coin offerings (ICOs). Korn Chatikavanij previously served as the country’s finance minister between the end of 2008 and mid-2011. Now chairman of The Thai Fintech Association, a startup accelerator, he said in an interview last week that his organization… The post Former Thai Finance Minister Calls for Crypto Regulation appeared first on Complete Bitcoin Guide for Beginners .

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