Regulation

Subhash Chandra Garg on the Future of Crypto

India’s former Finance Secretary Subhash Chandra Garg has shared his views on the future of cryptocurrency, both in India and worldwide. He headed the committee responsible for drafting the infamous bill to ban cryptocurrencies, which the crypto community calls flawed in many regards. Also read: Regulatory Roundup – China Blockchain ETF, New French Crypto Rules,...
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Crypto Profits Won’t Be Taxed In South Korea Yet

Hester Pierce, known as the SEC cryptomom, recently discussed a lot of things in the securities regulation industry and noted many new developments geared towards the future of cryptocurrencies. In fact, this was what earned her the moniker “Crypto Mom” in the first place.Pierce was in the latest cryptocurrencies news when she started backdropping and...
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Using a VPN May Get Israeli Crypto Traders in Trouble

Do you use a VPN? It’s a privacy-enhancing tool that everyone should be using, especially those with digital assets. Or do you happen to be older than the typical crypto trader? Both of these characteristics are part of a list of so-called ‘red flags’ that can get you in trouble with a new dragnet that...
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China Enacts New Crypto Law In Run-Up To CBDC Debut

The previous year was very good for cryptocurrencies and cryptocurrency regulation in general. Knowing that regulations and governments are one of the impediments to the adoption of blockchain and crypto technologies, we can see that everything is changing fast. Today, we are listing the five countries where regulators went positive and developed new methods to...
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CBDCs Are Seen As The Financial System Of The Future

The previous year was very good for cryptocurrencies and cryptocurrency regulation in general. Knowing that regulations and governments are one of the impediments to the adoption of blockchain and crypto technologies, we can see that everything is changing fast. Today, we are listing the five countries where regulators went positive and developed new methods to...
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China Takes Another Step Away From USD Hegemony

The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation...
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Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia

In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized financial governance, Uzbekistan’s crypto ban, and four countries’ central bank digital currency updates. Also read:...
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No Income Tax On Crypto Profits: South Korea Ministry Of Economy

The previous year was very good for cryptocurrencies and cryptocurrency regulation in general. Knowing that regulations and governments are one of the impediments to the adoption of blockchain and crypto technologies, we can see that everything is changing fast. Today, we are listing the five countries where regulators went positive and developed new methods to...
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Wazirx CEO on 2020 Outlook, RBI Ban, Crypto Regulation for India

The Indian crypto community has had an eventful year, with a bill on the horizon, the RBI ban’s supreme court hearing, and the community’s efforts toward positive crypto regulation. News.Bitcoin.com interviewed Nischal Shetty, CEO of local crypto exchange Wazirx, about what the Indian crypto industry could expect in the year 2020 and a wide range...
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Coinbase Wallet Removing Mobile Dapp Browser to Comply With Apple

It’s been a busy couple of weeks for bad news in crypto, with Youtube’s removal of hundreds of videos, Google Play’s removal of Metamask, and now Coinbase mobile wallet users facing an announcement their app is losing its dapp browser, reportedly due to restrictive policy requirements from Apple. Some are calling the announcement “the last...
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Central Bank Gold Hoarding Hits 50-Year High

While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand this year stemmed from central bank purchases, most of...
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France’s Social Media Stalking Points to the Violence of Fiat, Consent of Crypto

France will soon be monitoring social media accounts to catch suspected tax evaders. The endeavor could label anyone as suspicious who so much as posts a “taxation is theft” meme or a poses with a nice car. The country’s budget minister, Gérald Darmanin, called the court-approved experiment ‘one more tool to fight fraud.’ Exemplified by...
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Paraguay Seemingly Looks Favorably Upon Bitcoin and Crypto Assets

Numerous countries want to regulate cryptocurrencies. Paraguay may be ahead of the competition in this department, albeit in a positive manner. Most Western countries seem to take a negative stance on bitcoin. The Future of Bitcoin in Paraguay In Paraguay, that situation is – thankfully – very different. Its local government is looking to regulate...
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4 Beijing Regulators Issue New Crypto Activity Warning

Four financial regulators in China have jointly issued a fresh warning regarding crypto trading activities in Beijing. The notice explains the reason for the warning and lists prohibited crypto activities, which have reportedly been surging as companies ramp up their blockchain promotion. Also read: Regulatory Roundup – New US Crypto Bill, France’s 1st Approved ICO,...
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Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases

Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set at €15,000. A draft bill from the German...
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Japan Hosting World Conference to Discuss Decentralized Financial Governance

Following the consensus reached at the G20 leaders’ summit on the importance of discussing better governance for the decentralized financial ecosystem, Japan’s top financial regulator is hosting a global blockchain conference to discuss the subject. The regulator is welcoming stakeholders from around the world to participate, including other regulators, open-source software developers, university researchers, and...
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Russian Central Bank Is Testing Real Asset-Pegged Stablecoins

As we reported in our cryptocurrency news earlier this week, YouTube has aggressively started deleting cryptocurrency related content from some of the biggest crypto influencers in the industry. Now, even more influencers took it to Twitter and Reddit saying how much this hurts them and how YouTube started it without a warning.One of them was...
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China may Decide to Regulate Bitcoin After all

Cryptocurrency regulation remains a controversial topic in different regions. Many hope to see some sort of solution emerge out of China, and it may be closer than one may think. Bitcoin and other digital assets have proven very difficult to regulate in many different ways.  China and Bitcoin Regulation Primarily Chinese officials seem to struggle...
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Banking Platform Cashaa Sees Indian Trading Volume Soar, Adding 5 More Cryptocurrencies

Banking services platform Cashaa has seen significant growth in crypto trading volume in India since it began offering INR deposits and withdrawals. The platform has cut its fees by more than 50% and is getting ready to add five more cryptocurrencies for users in India, Cashaa has shared with news.Bitcoin.com. Also read: Regulatory Roundup –...
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Paraguay Prepares Local Crypto Industry For Mainstream Exposure

The Chinese gov’t is in the crypto news today for hinting that the treatment of cryptocurrencies such as Bitcoin (BTC) may change again as it looks to reform its forex markets. Reuters reported on December 24, citing a senior government and showing that a new research initiative will accompany the expansion of Beijing’s blockchain cross-border...
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France’s Financial Regulator Approves First Initial Coin Offering

France’s financial regulator has just approved its first initial coin offering (ICO) for release for the public and is the first time a regulator of this kind has even been granted in the European Union so let’s find out more about it in the crypto news today. France’s Financial Regulator or the French Financial Markets...
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Crypto-related videos now a target under new YouTube regulations

YouTube is believed to be restricting crypto-related content on its platform and in some cases even deleting the flagged videos. According to NextGen’s Chris Dunn, the world’s largest video sharing platform removed most of his crypto videos for being “harmful or dangerous content.” Other YouTube creators reported similar incidents happening to them, too. YouTube cracks...
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Chinese Gov’t: Forex Reforms Will “Deal With Cryptocurrency”

The Chinese gov’t is in the crypto news today for hinting that the treatment of cryptocurrencies such as Bitcoin (BTC) may change again as it looks to reform its forex markets. Reuters reported on December 24, citing a senior government and showing that a new research initiative will accompany the expansion of Beijing’s blockchain cross-border...
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Uzbekistan Bans Citizens From Buying Crypto, They Can Only Sell

Authorities in Uzbekistan have effectively banned residents from purchasing cryptocurrencies on digital asset exchanges licensed in the country. Crypto holders will only be able to sell their coins and that’s if these have not been obtained through anonymous transactions, amendments to the local regulations postulate. Also read: Poles Hit With Backdated Tax on Crypto Trades...
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Chinese Authorities Seize Nearly 7,000 Crypto Mining Machines

From the latest cryptonews, we can see that the Chinese authorities seize 7,000 cryptocurrency mining machines which were consuming electric power illegally. According to reports from the local news outlet CCTV on December 22, the confiscation came as part of an inspection of more than 70,000 households, around 3,000 merchants and 1,470 communities. While the...
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Mnuchin Affirms $1.5 Trillion Unaccounted For, Still Demands Strict Bitcoin Regulation

U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot of ‘Benjamins’ all over the world” and emphasized the strength of the currency...
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Regulatory Roundup: New US Crypto Bill, France’s 1st Approved ICO, Muslim Crypto

In this roundup, we cover a wide range of regulatory developments in the crypto space. Much has transpired in the U.S., including a new crypto bill, SEC’s proposal, lawmakers seeking answers from the IRS, and the state of Michigan signing several crypto bills into law. We also cover France’s first-approved initial coin offering, a proposal...
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PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin

According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket for backing, Changchun affirmed. Reactions to the announcement are varied,...
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US Politicians to Vote on new Crypto Regulation in Early 2020

American politicians want to regulate cryptocurrencies. The sooner this voting can take place, the better.. A global regulatory framework for cryptocurrencies will not be easy to implement. More Crypto Regulation in the US Even so, US Congress expects big things from its Cryptocurrency Act of 2020. It will undergo a round of voting in the...
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SEC Postpones Making A Decision On BTC ETF By Wilshire Phoenix

The Christmas shopping season is officially open and there are many places which accept payments in cryptocurrency. As the latest Bitcoin and altcoin news and rumors show, online retail giants are turning to crypto and have made purchasing wonderfully simple for the average person.However, big players such as Amazon and eBay have yet to make...
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