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Trump Views Crypto a Threat, Proposes Countermeasures in New Budget
11.2.2020
The White House released the Budget of the U.S. Government on Monday, outlining some proposals to increase cryptocurrency oversight which President Donald Trump views as priorities. The budget proposes giving the Treasury more power over crypto and requests funding for FinCEN to expand its efforts...
Crypto Mining Does Not Require Governmental Oversight, Ukrainian Regulator Says
10.2.2020
The Ministry of Digital Transformation of Ukraine has said that crypto mining does not require regulation by state authorities
Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions
8.2.2020
Famous for its favorable business climate that has attracted hundreds of crypto companies, Switzerland is now expanding its financial regulatory framework. Some of the upcoming rules will increase oversight in the blockchain industry in compliance with new international standards regarding...
Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks
27.1.2020
Cryptocurrency transactions in Ukraine will be strictly monitored by the state, although the country’s finance minister admits that it’s not digital coins but fiat cash that criminals and corrupt officials are more likely to use. The legalization of cryptocurrencies remains a priority...
US and European Regulators Say Crypto a Priority This Year
12.1.2020
Several regulators in the U.S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus...
NY Governor Wants Crypto Firms to Cover Costs for NYDFS Oversight
9.1.2020
New York Governor Andrew Cuomo argues that crypto entities licensed under the Financial Services Law should pay for NYDFS oversight
Turkey Prepares to Increase Oversight in the Crypto Space
6.1.2020
Turkish authorities, alarmed by the spread of cryptocurrencies in the country, are reportedly ramping up efforts to introduce greater oversight into the sector. Local media revealed that regulators are under pressure to increase supervision in 2020 because of the growing popularity of decentralized...
FinCEN Director Notes Improved Oversight of Cryptocurrency Industry
11.12.2019
FinCEN’s director says increased adoption of reporting guidelines for crypto businesses has led to an uptick in the number of suspicious activity reports filed
New Ukrainian Law Says ‘Virtual Assets’ Can Be Used for Payments
9.12.2019
The Verkhovna Rada, Ukraine’s legislature, has approved amendments that introduce legal terms and definitions pertaining to the crypto space. The new legislation, which aims to transpose the FATF standards into national law, also identifies who is to take responsibility for the oversight...
Regulatory Roundup: China Rekindles Cleanup, US Widens Oversight, India Defers Decisions
25.11.2019
News.Bitcoin.com has initiated a regular roundup of cryptocurrency regulatory developments around the world. For the first edition, we cover six U.S. regulators and India’s decisions on the supreme court hearing and crypto bill. We also cover China’s rekindled cleanup...
Singapore: Crypto Derivatives Set to Come Under Regulatory Oversight
20.11.2019
Crypto derivatives are poised to come under the regulatory oversight of the Monetary Authority of Singapore
US Congress Weighs Bill Spelling Out CFTC’s Crypto Derivatives Oversight
6.11.2019
If passed, the bill would be the first to place Congressionally-mandated, digital commodity-specific requirements on the CFTC
Australian Stock Exchange Wants Oversight of Blockchain Trading System
30.10.2019
Chi-X Australia is concerned that its sole competitor’s blockchain-based trading system could present an unfair advantage
Hidden Lightning Network Bug Allowed Spending of ‘Fake’ Bitcoins
28.9.2019
A bug discovered in the Lightning Network in June, which allowed lightning bitcoins not backed by actual bitcoins to be spent, has officially been addressed in a new dev full disclosure report released on Friday. The problem has reportedly been remedied, but the security oversight casts doubts...
CFTC Appoints Former Coinbase Exec as Director of Market Oversight
17.9.2019
Coinbase vice president Dorothy D. DeWitt will now serve as director of the division of market oversight at the U.S. CFTC
CFTC Taps Coinbase Lawyer to Head Division Overseeing Bitcoin Futures
17.9.2019
New CFTC Chairman Heath Tarbert has named Coinbase general counsel Dorothy DeWitt as the agency's new director of market oversight
EU Members Adopt Tougher Crypto Rules Than AML Directive Requires
13.8.2019
Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member...
FINRA’s Cryptocurrency Oversight Program has New Regulatory Notice 19-24
25.7.2019
Yesterday, the Financial Industry Regulatory Authority (FINRA) issued a Regulatory Notice 19-24 to its member firms. The objective of this notice is to encourage the member firms to inform the Regulatory Authority about any engagement or intention of engagement with the activities related to...
VPN Providers Defy Order to Connect to Russia’s Internet Censor
16.6.2019
Russian regulators have once again moved to expand oversight of the online space in an attempt to ensure compliance with various restrictions Moscow is trying to impose. But as in other cases, their efforts have been met with resistance. Over a dozen VPN platforms, popular among crypto enthusiasts...
Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India
24.5.2019
An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake,...