In its most comprehensive report on cryptocurrencies to date, the UK Financial Conduct Authority (FCA) outlined that they have increased in popularity and ownership since 2018, with up to 2.6 million people on the island holding digital assets. The UK Watchdogs Advance On Crypto According to the report from the FCA published earlier this week,...Read More
A Fifth Circuit panel of three judges ruled against Richard Gratkowski’s appeal that Fourth Amendment rights should protect Bitcoin data. The panel ruled that the FBI agents who subpoenaed cryptocurrency exchange Coinbase to track Gratkowski’s payments to a child pornography website acted according to the law. 4th Amendment Doesn’t Hinder US Law Enforcement to Track...Read More
Like Sweden and Singapore, India also stands strong to bring this virus down. Strict lockdowns, extensive testing, and a uniform approach to the public can be seen in the midst of this pandemic effect. Blockchain and Cryptocurrency are a tool that can help the “ Work in Progress”. The Effort to save the economy is...Read More
The Switzerland government has rejected the 100 million Swiss Francs ($102.7 million) funding request made by the country’s famous Crypto Valley, according to a local media report. Located in the heart of Zug, Crypto Valley is a fintech friendly region with favorable regulations for cryptocurrency and blockchain startups, making it a much-celebrated blockchain hub. Despite...Read More
Vietnam has a huge user base of cryptocurrencies and many use them as a powerful investment tool. As the government lacks a regulatory framework, the crypto’s stand is vague but the government is too very passionate to bring them under a regulatory umbrella. This Article feeds you with Vietnam Government and Cryptocurrency in brief The...Read More
Cryptocurrency prices are quite susceptible to news, according to a recent paper. While, somewhat unsurprisingly, adverse announcements lead to immediate sharp declines, the establishment of clear regulations tends to mark serious market gains. Crypto Reactions For News And Regulations The report compiled by the Federal Reserve Bank of Dallas initially questioned the efficiency of instituting...Read More
The unregulated cryptocurrency bookmarkers are becoming a significant threat in the gambling world, said Hong Kong Jockey Club executive, Tom Chignell. He warns that such markets provide more room for race-fixing, and authorities should monitor and act accordingly. Unregulated Cryptocurrency Bookmakers Pose A Threat Hong Kong Jockey Club is one of the oldest racing establishments...Read More
The Israeli Attorney General, Dr. Avichai Mandelblit, has stated that banks in the country should not stop providing banking services to crypto-related customers and firms despite such recommendations from the Central Bank of Isreal. Mandelblit is at the mass-media headlines these days because of another major reason – Israel’s Prime Minister Benjamin Netanyahu’s latest investigations....Read More
Changpeng Zhao, the CEO of Binance, has confirmed that his company applied for an operating license in Singapore. This comes less than a month since the Asian country introduced a comprehensive regulation for businesses dealing with digital assets. Binance Applies For License in Singapore The largest cryptocurrency exchange by trading volume has applied for an...Read More
Bitcoin’s price made yet another positive week of continuous gains. In the past seven days, BTC is up more than 4%, finally breaking above the essential technical and psychological resistance of $10,000. The price shot up to as much as $10,500 but failed to claim this level and retraced to where it currently trades at...Read More
Cryptocurrency regulations are taking a front-row in high-end governmental discussions. Steven Mnuchin, Secretary of the Treasury of the US, noted that FinCEN is working on introducing several new requirements to counter possible illegal financial activities. FinCEN To Apply New Requirements Yesterday, the U.S. Senate held a hearing to cover the 2012 budget. While addressing many...Read More
The pacesetter United States 2020 Presidential election candidate, Andrew Yang whose campaign was famous for his massive support for cryptocurrencies alongside a future promise of universal basic income has dropped out of 2020 elections. Andrew Yang Drops His 2020 Elections Campaign, Promises To Bounce Back Harder As this might have meant a major disappointment to...Read More
The pacesetter United States 2020 Presidential election candidate, Andrew Yang whose campaign was famous for his massive support for cryptocurrencies alongside a future promise of universal basic income has dropped out of 2020 elections. Andrew Yang Drops His 2020 Elections Campaign, Promises To Bounce Back Harder As this might have meant a major disappointment to...Read More
Democrat Andrew Yang, who previously urged for more transparent cryptocurrency regulations, has suspended his 2020 presidential campaign. With recent disappointing results, he felt convinced that they wouldn’t win the race, thus deciding to end his campaign in advance. Yang Drops Out Of the 2020 Presidential Race Andrew Yang is an American author, lawyer, and entrepreneur,...Read More
The American digital asset trust and security company, BitGo, expands its services to Europe. The company is opening two new custodial entities in Switzerland and Germany. BitGo Goes To Europe Reported earlier today, the popular U.S.-based digital asset management company is expanding its presence in Europe. With two new custodial entities in Germany and Switzerland,...Read More
As the country officially left the European Union (EU) on January 31st, 2020, the UK has also taken steps to become more cryptocurrency-friendly. It has amended existing regulations to reduce the registration fees for crypto-related businesses. Encouraging Small Cryptocurrency Firms The UK Financial Conduct Authority (FCA), in a newly released document, has restructured the registration...Read More
Andrew Yang, who is currently running for the 2020 US Presidency, sat for an interview with Bloomberg, and he shared his stance on the matter of cryptocurrency regulations. According to him, the country needs to provide more clarity. However, he ultimately thinks that legislation can’t stop people to buy Bitcoin. Andrew Yang On Bitcoin Regulations...Read More
The World Economic Forum (WEF) in Davos, Switzerland, ended yesterday with a significant mark on the cryptocurrency market. On the last day, WEF announced the first global consortium focused on designing a framework for the governance of digital currencies, including stablecoins. Global Consortium For Digital Currency Governance The World Economic Forum for 2020 took place...Read More
Banks in Hawaii, one of the fifty states in the US, would be able to provide cryptocurrency custodial services to investors under a new bill introduced by the state’s lawmakers late last week, should it pass approval. If successful, the legislation would grant Hawaiian banks the right to hold and manage digital assets such as...Read More
The Securities and Exchange Commission (SEC) of the US is tightening the noose around initial exchange offerings (ICOs). In yet another step against them, the Commission has brought charges against one more allegedly fraudulent ICO of unregistered digital asset securities. The SEC Is Getting Serious About ICOs The SEC has pressed charges against defendants Sergii...Read More
As a response to a legal case filed by the Internet and Mobile Association of India (IAMAI), the Reserve Bank of India (RBI) has now clarified that Bitcoin is not banned in the country. The nation’s central bank says that it has only restricted regulated financial establishments from dealing with anyone using digital assets. RBI...Read More
The Australian Prudential Regulation Authority (APRA) has reportedly submitted a framework to oversee digital wallets holding large amounts of value. If approved, it would also include Facebook’s controversial stablecoin, Libra, and its digital wallet – Calibra. APRA To Oversee Calibra? Upon its announcement, Facebook’s Libra quickly attracted the attention of watchdogs. The social media mogul...Read More
South Korea might be changing its stance regarding taxing cryptocurrency trading profits. Just weeks after the government said that they wouldn’t tax any profits made from digital assets, a new report indicates otherwise. The country could purportedly classify crypto gains in the same category as lottery winnings and thus tax them with 20%. South Korea...Read More
The critical situation between Telegram and the U.S. Securities and Exchange Commission (SEC) took another step forward. The market regulator now claims that the popular messaging company saw its upcoming Gram token as securities and thus should fall under established regulations. Is Gram Token A Security? Telegram’s controversy regarding its TON blockchain and its native...Read More
The QuadrigaCX scandal was a landmark case that became a red flag for the entire cryptocurrency community. The aftermath of it, however, isn’t over. Securities regulators in Canada are now preparing to clamp down on cryptocurrency exchanges which take custody of digital assets. QuadrigaCX Aftermath: CSA Publishes A Notice The Canadian Securities Administration has issued...Read More
It appears that the cryptocurrency community won’t be seeing an SEC Bitcoin ETF yet again, as Bitwise has withdrawn its application which was filed in January 2019. According to the official note, the move is largely due to the public interest and pursuant to existing regulations. Bitwise Withdraws Bitcoin ETF Application A lot of people...Read More
With initial coin offerings (ICOs) virtually gone and initial exchange offerings (IEOs) now dominating the crypto industry as the newest method of fundraising for blockchain projects, the United States Security and Exchange Commission (SEC) has warned US investors to be cautious when investing in them. The regulator issued an official notice today, warning crypto investors...Read More
In a recent interview with Cheddar, Heath Tarbert, Chairman of the CFTC, sat down to talk about Phase 1 of the upcoming U.S.-China trade deal, slated to be signed on Wednesday of this week. According to Tarbert, the trade deal will “be an immense success,” and that once the agreement is signed, we’ll start to...Read More
The cryptocurrency market has been known, at large, for the fact that there’s a lack of regulation in certain aspects. Whether or not one considers this as a positive or negative feature, the fact of the matter is that slowly but surely, market regulators are inserting their views and rules. With so many different sorts...Read More
The US State of Illinois made a massive step towards further blockchain adoption. According to the Blockchain Technology Act, which took effect on January 1st, blockchain-based smart contracts satisfy the law under certain circumstances. Smart Contracts Admissible In Court One of the biggest challenges in front of regulators when it comes to crafting legislation for...Read More
