US Banking Regulators To Bolster Crypto Guidance In 2022 – November 23

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $57,580

Bitcoin price has found itself in the mid $57,000s, following a brief dip into the $55,000 range overnight.

Top-20 altcoins have had mixed performance over the last 2 hours, as Ethereum gains 3%, Coin surges 18% and Avalanche falls 8%.

Top Stories for November 23, 2021 πŸ”₯

πŸ‘‰ US Banking Regulators To Bolster Crypto Guidance In 2022

US banking regulators plan to strengthen communication and guidance around cryptocurrency regulation throughout 2022, according to a statement issued this week.

The regulations to be published will not change any existing rules or regulations, but instead are designed to improve internal understanding for all parties.

The statement was issued by the Office of the Comptroller of the Currency (OCC), the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC),

πŸ‘‰ Indian Government Seeks To Ban Most Cryptocurrencies Via New Bill

India’s government has submitted a new bill that would ban most cryptocurrencies, falling in line with the bill’s draft that was submitted in January of this year.

The bill creates a framework for a central bank digital currency, however will also ban all private cryptocurrencies, with some exceptions. It was widely hoped that the Indian government would soften its stance on crypto since the draft was submitted.

πŸ‘‰ $9B Pokemon Go Creator Niantic To Build Metaverse

The creators of the widely popular Pokemon Go mobile game, Niantic, have successfully raised $300 million, with plans to build a “real-world metaverse”.

Major cryptocurrency investment company Coatue was behind the raise, which values the Niantic at $9 billion. Coatue has a history of large crypto-focused investments, including contributions to Chainalysis, MoonPay and more.