Former SEC chairman warns: new bitcoin regulations

Former SEC chairman Jay Clayton has warned of new Bitcoin regulations that may be coming soon, reports CoinDesk.

He said the crypto is currently classified as unsafe with the SEC, but that doesn’t mean it should go without regulations.

Clayton, speaking as a citizen, said the future of digital assets “will be determined in part by national and international regulation, and I expect regulation in this area will be both direct and indirect,” reports CoinDesk.

The Thai central bank will test a new digital currency from the central bank (CBDC) in 2022, writes CoinDesk.

The bank has also announced that it will receive feedback on the project by June 15, 2021.

The main goal of the currency, according to the report, is to give citizens better access to convenient and safe financial services. And the bank plans to adopt the currency in the next three to five years.

Force DAO, the decentralized financial hedge fund, said it suffered an attack on Sunday morning (April 4), reports CoinDesk.

The price of Force DAO’s native token had dropped by over 80 percent as a result, as CoinDesk wrote.

Mudit Gupta, blockchain team leader at the blockchain software company Polymath, wrote that there were five attackers and one of them had returned the stolen money.

The other four paid for the equivalent of $ 376,000.

According to a report by CoinGeek, the Deutsche Bundesbank has successfully tested a blockchain-based settlement interface for electronic securities.

This test bridges a gap between mainstream finance and blockchain technology. In addition, this strategy does not require a CBDC.

According to a report by, a federal court has authorized the US Department of Justice (DOJ) to retrieve data from crypto users on Circle and Poloniex.

The DOJ is looking for information about users who made transactions worth at least $ 20,000 worth of cryptocurrency between 2016 and 2020, as well as other documents related to those transactions.

Poloniex was named because Circle bought it in 2018 and later spun it off into a new company, Polo Digital Assets.

The order is known as a “John Doe” subpoena and pertains to a group of individuals whom the IRS believes “have violated a provision of internal tax law”.



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