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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...
German Crypto Regulator BaFin Shuts Down Unauthorized Bitcoin ATMs
7.3.2020
Germany’s Federal Financial Supervisory Authority (BaFin) has shut down unauthorized bitcoin ATMs in the country. Now that cryptocurrency is regulated under the German Banking Act, bitcoin ATM operators need to be authorized by BaFin. The regulator recently clarified what crypto service...
Someone Just Minted a Doge-Themed Crypto Token Worth $129,000
7.3.2020
The Doge-themed NFT is worth roughly $129,000 — just $0.02 more than the now-second-most valuable ERC-1155 token
Crypto Bulls Roadshow Coming to Over 15 Indian Cities — With Government Participation
7.3.2020
India’s Crypto Bulls Roadshow, a nonprofit initiative to prepare India for the next bull run, is coming up, and government organizations are joining the drive. Currently, 15 cities in India are planned for but more may be added based on demand. There is no fee to participate in the roadshow...
AMLD5 Won't Save Crypto Exchanges From Bank Rejection
7.3.2020
EU regulation is catching up with crypto. Once an anarchic domain where only code was law, cryptocurrency's rise to international notoriety has meant that the world's legislators have been busy over the past few years creating a framework that just might tame crypto.
The EU's 5th Anti-Money...
Victories, Opportunities and 20 Crypto Jokes
7.3.2020
Let’s see what crypto was up to this week. Major victories have been won: South Korean National Assembly voted in favor of the country’s first cryptocurrency-specific legislation, and India’s crypto ban got overruled, though the fight is not over. Bitcoin may be too young to be predictable, but...
India's Crypto Industry Still Threatened by Ban as Pending Bill Looms
7.3.2020
Despite the Supreme Court repealing the RBI crypto ban, India’s crypto industry still faces significant challenges
Crypto, Encryption, and the Quest for a Secure Messaging App
7.3.2020
How confidential is our conversation? This question has come to the fore in recent months, driven by a flurry of news stories detailing the weakening of encrypted messenger apps at the behest of law enforcement. A concerted effort on the part of the state to backdoor messaging apps and spy on...
IRS Crypto Summit Was About the Exchange of Ideas, Not Tax Guidance
6.3.2020
No new guidance is expected to come from Tuesday’s IRS Crypto Summit, but that the event happened at all is still a positive sign for the industry
Ledger Wallet Warns of Fake Google Chrome Extension Stealing Crypto
6.3.2020
Ledger warns users about a fake Chrome extension attempting to steal users’ crypto by asking them to enter their 24-word recovery phrase
Crypto Battle at India's Supreme Court Might Not Be Over + More News
6.3.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Following the overturn of its crypto ban, the Reserve Bank of India (RBI) is planning to file a review petition...
#Forkgoogle: Crypto Community Pushes Back Against Censorship
6.3.2020
The petition accuses Google of waging “campaigns of suppression against Bitcoin and blockchain industry for years”
Venezuelan Petro Crypto Pay Platform Left in Two-month Limbo
6.3.2020
Venezuela’s biometric authentication-powered crypto payment system is still down, over two months after it went offline, causing havoc for traders across the country.
The Biopago platform was the brainchild of the central Bank of Venezuela and allowed citizens to make payments in the petro (PTR)...
Coinbase CEO Explains How Crypto Will Go from 50 Million to 5 Billion Users
6.3.2020
Coinbas’se CEO said that the developments that resulted in a mass adoption of the internet are similar to the work that is currently being done on crypto
Crypto Exchange OKCoin Appoints New CEO to Drive U.S. Expansion
6.3.2020
The current CEO Tim Byun will lead OK Group's global government relations from the end of March
COVID’19 Traps World Economy: US & Indian Stock Markets Crash While Crypto Market Turns Green
6.3.2020
COVID’19 broadly known as Coronavirus Disease 2019 is posing as a menace to the global economy where we see increasing number of deaths being recorded every day. The deadly virus that started from China is now a part of almost all the major countries interfering in the economies, making itself...
India’s Central Bank Plans to Fight Supreme Court Crypto Ruling
6.3.2020
The Reserve Bank of India reportedly plans to return to the supreme court to ask for a review of a ruling that overturned its ban on banking access for crypto firms
Switzerland’s Crypto Valley Association Head Says CBDC Is a Good Idea
6.3.2020
Central bank digital currencies are “the next logical stage,” according to Crypto Valley Association president Daniel Haudenschild
Crypto Has Left Cypherpunk Roots to Mimic Traditional Finance, Says UK Regulator
6.3.2020
Crypto is no longer the radical project it once was, so regulators can manage it, says U.K. financial crime expert
RBI to Challenge Supreme Court Verdict on Cryptocurrency
6.3.2020
The Reserve Bank of India (RBI) is reportedly seeking to file a review petition challenging the supreme court verdict which lifted its banking ban on the crypto industry. The RBI is worried that the court’s decision “could pave the way for trading in virtual currencies and put...