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FameEX Morning Crypto News Recap | March 9, 2023

2023-03-09 17:49:25

UK Cracks Down Again on Illegal Crypto ATMs in East London
The FCA conducted joint operations with the Metropolitan Police against illegal crypto ATMs in East London.

India Introduces Money Laundering Provisions For Crypto Sector
After an opening statement in which Chairman Jerome Powell sent stocks lower by implying that the Fed could speed up and augment coming interest rate hikes, he touched on crypto, telling senators he saw several risks when it comes to digital assets.

Fed Chairman Jerome Powell says don’t expect a CBDC soon: ‘We’re not at the stage of making any real decisions’
President Joe Biden issued an executive order last year calling for “the highest urgency on research and development efforts” of a U.S. central bank digital currency, but in a hearing on Wednesday Federal Reserve Chairman Jerome Powell said it still could take years.

Biden Wants Crypto Mines to Pay Power Bills
The U.S. Department of the Interior (DOI) is pushing to crack down on companies that use oil rigs on federal land to power cryptocurrency mining operations, saying those companies need to pay royalties on the gas they use.

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