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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...
Proof-of-Authority Algorithm Use Cases Grow: From Pharma to Games
16.11.2019
Fast, scalable and efficient: Why Microsoft, Walmart, and PwC opt for the proof-of-authority consensus algorithm
“Run Green Finance on Blockchain,” Encourages Chief FinTech Officer of Singapore’s Monetary Authority
14.11.2019
Green finance is about monitoring, measuring, and mobilizing finance for green assets
Propine Acknowledged by the Monetary Authority of Singapore’s Fintech Regulatory Sandbox
8.11.2019
The Monetary Authority of Singapore’s (MAS) FinTech Regulatory Sandbox has acknowledged PROPINE, a Singapore-based startup delivering services for digital securities and sanctioned a conditional license most recently. Propine is the first organization to get conditional approval by...
Hong Kong Monetary Authority (HKMA) Joins Hands With PBoC to Enhance Blockchain Opportunities
7.11.2019
The Hong Kong Monetary Authority (HKMA), the leading financial institution, has broadcasted the news of its strategic collaboration with the People’s Bank of China (PBOC) on its central bank digital currency (CBDC). The two leading banking authorities have entered into the partnership via...
European Banking Authority (EBA) to Deliver Keynote Address at the Annual Payments International Conference
6.11.2019
With a clear focus on quality, our exclusive speaker line-up at Payments International 2019 will provide an unparalleled platform for professionals in the payments arena to learn, meet, mingle, establish, and reinforce business relationships. Payments International brings you insights into...
Finland Approves First 5 Crypto Service Providers
5.11.2019
Finland’s crypto regulation is now in full effect. The first five crypto service providers have been approved to legally operate in the country, the Finnish financial regulator confirmed to news.Bitcoin.com. The grace period for operating without registration has expired. Also read: Finland...
Britain’s Tax Authority Updates Crypto Guidelines
4.11.2019
Her Majesty’s Revenue and Customs (HMRC) has updated its guidelines on the taxation of transactions involving crypto assets. The United Kingdom’s tax authority clarifies its stance on cryptocurrencies and explains which taxes apply to specific activities carried out by business entities...
UK Tax Authority Issues Crypto Guidance for Businesses
4.11.2019
After clarifying how individual taxpayers should deal with cryptos last year, the U.K.'s HMRC has now issued guidance for enterprises
British Tax Authority Updates Cryptocurrency Guidelines, Says It Is Not Money
3.11.2019
Her Majesty’s Revenue and Customs has updated cryptocurrency taxation guidelines for businesses and individuals
China Announces New Regulatory Authority to Certify Digital Payments, Blockchain Products
29.10.2019
China’s central bank will certify a list of fintech products that are widely used for digital payment and blockchain services with its verification system
Swedish Government Auctions Cryptocurrency Again
12.10.2019
The Swedish Enforcement Authority, Kronofogden, is once again auctioning off cryptocurrency that has been allotted for public sale. The online auction, which is the second of this kind the government agency conducts, starts on Friday, October 11. Also read: Sean Walsh: Cryptocurrencies Can Harness...
UK Regulator Ramps up Crypto Investigations and Considers KYC for Wallets
8.10.2019
The U.K.’s Financial Conduct Authority (FCA) has been relentlessly scrutinizing cryptocurrency startups and investigations are up 74% from last year. Meanwhile, proponents of decentralized software development models and open collaboration are upset about the FCA aiming to extend KYC/AML...
Changes Afoot for Philippine Crypto-Friendly Economic Zone
19.9.2019
The special economic zone in the Philippines known for its crypto friendliness is undergoing some changes. Government-owned Cagayan Economic Zone Authority (Ceza) is investigating a case involving one of its licensed crypto exchanges after a tip from the Chinese government. The authority has also...
Israeli Startup Creates Offline Wallet With Access to the Blockchain
18.9.2019
Israeli startup GK8 claims to have built a cold-storage crypto wallet with on-network transfer capabilities
Malta Financial Services Authority Plans To Monitor Crypto Businesses
10.9.2019
The Malta Financial Services Authority (MFSA) spoke in a recent outline, their strategy in the published article. According to the document, the plan revolves around actively monitoring & managing risks to cryptocurrency business & firms. Malta is already a habitat to numerous crypto...
Malta Financial Services Authority Releases Three-Year Strategic Plan
6.9.2019
The MFSA, short for Malta Financial Services Authority, has released its strategic plan for the next three years, from 2019-2021. The authorities officially published the plan today which highlights the supervising priorities, as well as primary areas, which the MFSA aims to concentrate on through...
Portugal Tax Authority Removes Taxation on Crypto Trading and Payments
30.8.2019
In recent news, cryptocurrency trading and payments in Portugal those cryptocurrencies from tax, the European nation’s authority has explained. The local business newspaper has revealed the news recently, saying that the body has said that both cryptocurrency trading in genuine currencies...
Portugal Tax Authority: Bitcoin Trading and Payments Are Tax-Free
29.8.2019
Portuguese tax authorities clarified that both crypto trading and payments in crypto are not taxed in the country
Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached
27.8.2019
One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks...