Hey, Your Crypto Newsletter for March 27, 2021

If you are interested in cryptocurrencies, this newsletter is for you. [FeedBinary Newsletter]( You Might Like     [Learn more about RevenueStripe...](  [Bitcoin, crypto investors will be watching these 5 questions facing the Biden administration](  Investors may look forward to bitcoin ETFs, but also stricter rules on money laundering and financial stability  The stock market’s recovery from last year’s COVID-driven crash is a testament to the unprecedented level of federal stimulus pumped into the economy over the past twelve months, but few asset classes have benefitted from a rebound in financial markets more than cryptocurrencies.  Bitcoin BTCUSD, +1.45% has risen a staggering 548% during the past twelve months, while Ethereum ETHUSD, +1.71%, the second most valuable cryptocurrency, has gained roughly 690% during that time, according to FactSet, compared to a 71% rise for the S&P 500. But the fate of this rally could depend greatly on President Joe Biden and his administration’s regulatory stance to the burgeoning crypto economy, experts tell MarketWatch. Here are the five biggest regulatory questions the Biden administration will face in the coming months and years that will greatly impact cyrpto investors:  Who will be the Comptroller of the Currency? The agency in charge of chartering and supervising national banks is typically one of the more obscure federal financial regulators. But OCC has caught the attention of the crypto community through its championing of integration between the crypto economy and the legacy financial system under the brief leadership of former Acting Comptroller of the Currency Brian Brooks, said Jackson Mueller, director of policy and government relations at the crypto consultancy Securrency. [Read More](   [Govt seeks disclosure of crypto transactions, holdings](  The move is expected to bring in a lot of transparency in reporting or filing of crypto investments  In a first, the ministry of corporate affairs (MCA) has asked all companies in the country to mandatorily disclose any dealings in cryptocurrency or virtual currency in their balance sheets. This is a major step towards regulating crypto assets in India and is expected to bring in a lot of transparency in reporting or filing of crypto investments.  The companies have to disclose profit or loss on transactions involving cryptocurrency or virtual currency, the amount of holding, and details of deposits or advances from any person for the purpose of trading or investing in cryptocurrency or virtual currency, according to the latest amendments to the Schedule III of the Companies Act, 2013. This will be applicable from the upcoming financia lyear, MCA said in a notification on Wednesday.  “From regulation to a complete ban, there are many competing theories as to what the actual legislation will be. Keeping that narrative in mind, the fact that the government has asked for disclosures, it may look to perhaps regulate rather than ban cryptocurrencies. But these are still early days and the most important piece of regulation is still to come,” said G.V. Anand Bhushan, partner, Shardul Amarchand Mangaldas.  There are estimated to be around 10 million individual crypto investors in India, but the number of companies having exposure to this avenue is not known. [Read More](   [Want to Buy a Tesla With Bitcoin? It Ain’t Easy](  Tesla is not making it attractive to pay for a model S, 3, X or Y in bitcoin.  This week, CEO Elon Musk announced via Twitter (where else?) that his upstart automaker had begun letting interested buyers pay for their electric vehicles in bitcoin. It’s part of a corporate push to acquire as much of the original cryptocurrency as possible – or at least that’s how it seems because the manufacturer has no plans to convert the cryptocurrency to fiat.  But the idiosyncrasies of crypto make it difficult to take advantage of this option. For example, according to the company’s Bitcoin Payment Terms and Conditions, bitcoin transactions must be completed within a certain window of time or else the price in BTC expires and the buyer must ask for a new price.  “You have about 30 minutes to make a payment,” a Tesla representative for the Northeast region said Thursday.  While that condition is not surprising given bitcoin’s infamous volatility – depending which direction the price moves, either the car buyer or Tesla could get hosed by a wide swing – it underscores how even in a roaring bull market crypto still struggles to gain widespread acceptance as a payment method. [Read More]( You Might Like     [Learn more about RevenueStripe...]( Connect with FeedBinary on Facebook and Twitter [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. 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