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An EU Committee Calls for Crypto Rules w/ International Standards
13.4.2020
A committee of the European Parliament calls for the end of crypto-related regulatory arbitrage - a way to use loopholes in regulatory systems to avoid unfavorable regulations - proposing that crypto regulation should be made at the international level.
Though various countries have tackled...
Chinese Gov’t Seeks Feedback on Data Security Standards for Blockchain, IT
10.4.2020
A Chinese ministry is calling for input on standardizing security systems in blockchain and other new technologies
Encryption Standards Threatened Under Pretext of Battling Coronavirus
22.3.2020
Governments around the world have been trying for some time to bypass encryption and backdoor messaging apps. End-to-end encryption was preventing authorities from stopping terrorist attacks, we were told, and personal privacy had to be sacrificed for the greater good. Now, as the coronavirus...
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
7.3.2020
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global...
Binance Throws Weight Behind Shyft Network in ‘Travel Rule’ Standards Race
27.2.2020
Binance, the world’s largest crypto exchange group, has chosen the Shyft Network to help address a looming regulatory requirement
‘Crypto Mom’ Accuses SEC of ‘Shifting Standards’ Following Bitcoin ETF Rejection
27.2.2020
The SEC has rejected yet another Bitcoin ETF as it still considers the Bitcoin market too manipulable and volatile
China Adopts Security Standards for Blockchain Applications in the Financial Sector
25.2.2020
Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers...
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...
DTCC Calls on Banks and Regulators to Help Address Blockchain Security Issues
13.2.2020
A comprehensive framework shared by all participants will negate any risks associated with blockchain, the derivatives repository giant says
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...
Inside the Standards Race for Implementing FATF’s Travel Rule
4.2.2020
Crypto businesses are figuring out how to comply with the Financial Action Task Force’s “Travel Rule.” And putting technical solutions in place is proving to be just as tricky as the legal and operational issues involved
Crypto Tax Software Developers Get Serious About System Standards
31.1.2020
A growing number of crypto tax software developers are trying to bolster their products’ technical credibility with the CPA’s stamp of attestation
FATF Holds Global Forum to Discuss Crypto Supervision
18.1.2020
The Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing that...
China Prepares for CBDC With Cryptography Law on Encryption Standards
10.1.2020
China is continuing its blockchain-positive, anti-anonymity course with the new Cryptography Law — it requires private firms to reveal their encryption services and more
Using a VPN May Get Israeli Crypto Traders in Trouble
2.1.2020
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...
Utorg Exchange Grants Access to Traders With Limited Verification
24.12.2019
Utorg.io is a digital asset exchange based in the U.K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed...
Poloniex Restores Unverified Accounts With Unlimited Trading
22.12.2019
In times of mounting pressure on crypto companies to comply with expanding due diligence requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy...
Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches
18.12.2019
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one...
Blue Beanie Day 2019
13.12.2019
November 30th, the official "Blue Beanie Day," has come and gone. I'm not sure I ever grokked the exact spirit of it, but I've written about what it means to me. Last year:
Web standards, as an overall idea, has entirely taken hold and won the day. That's worth celebrating, as the web would...
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...