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Developer Proposes Decentralized Bitcoin Hashrate Derivatives
20.1.2020
There’s a new concept called Powswap that lets people speculate on hashrate in order to hedge against price volatility. Powswap was developed by the software engineer Jeremy Rubin who believes hashrate derivatives products allow people to leverage new trading strategies. Also read: Regulatory...
Crypto Experts Join OECD ‘High Level’ Advisory Board
19.1.2020
The Organisation for Economic Cooperation and Development, an intergovernmental body with 36 member countries, has formed “a high-level expert group” which includes executives from the crypto industry. They will provide advice in helping develop international blockchain policy...
Crypto Employment Abounds With More Than 8,000 Jobs in 2020
18.1.2020
During the last year, the cryptoconomy has picked up pace after a drawn out crypto winter. When market prices were low and startups were short on capital, a bunch of firms laid off employees in 2018. A year later, and digital currency companies are hiring. Also read: Regulatory Roundup: EU-Wide...
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...
Crypto Regulations: How They Fared in 2019
18.1.2020
Crypto regulation in 2019 has been shaped by the very interesting history that roots back in 2016, 2017, and 2018. Since its commencement, the digital currency has seen its all-time highs and even the lowest of lows (in the year 2018, Bitcoin got stuck at 3K US Dollars for a long time), and then...
Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia
14.1.2020
In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines. Also read: Regs Roundup: SEC Actions...
Japan and Philippines Discuss Pro-Crypto Laws, Cooperation Among Asian Countries
13.1.2020
Japanese Minister Naokazu Takemoto and Philippine Cabinet member Raul Lambino of Crypto Valley of Asia recently met to discuss Asian countries’ crypto regulations. They urge the Philippine Congress to introduce legislation on cryptocurrencies and security tokens, calling for cooperation among...
EU Countries Commence Crypto Regulations as Mandated by New Directive
11.1.2020
The European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs...
South African Central Bank to Reportedly Introduce New Crypto Regulations
2.12.2019
The South African Reserve Bank will reportedly introduce new rules on cryptocurrencies to deter users from evading currency controls
Ridiculous Crypto Regulations Are an Enemy of Bitcoin
7.11.2019
One of the biggest privacy issues in today’s society revolves around the use of overreaching know-your-customer (KYC) and anti-money laundering (AML) laws. Despite the fact that many cryptocurrencies were designed to avoid these invasive practices, KYC and AML guidelines bolstered...
Hong Kong’s New Crypto Regulations Leave Gray Area, Claims AAX Exchange
7.11.2019
A new LSEG-powered Bitcoin spot and derivatives exchange Atom Group has launched in Hong Long amid a tightening of the region’s crypto-regulatory regime
Central Banks Have Three Options for Crypto Regulations, Says Official
16.10.2019
French central banker Denis Beau discussed the options available to central banks vis-a-vis cryptocurrency regulations
French Central Banker: The World Needs to Standardize Crypto Regulations
16.10.2019
A French central banker is calling for a global regulatory framework on crypto assets
International Regulator Appoints New ‘Crypto Regulations’ Chief
3.9.2019
International financial authority the Financial Stability Board (FSB) has appointed one of Japan’s top cryptocurrency regulators as its new leader.
Ryozo Himino. The FCB said, per an official release, that it had appointed Ryozo Himino, the Vice Minister for International Affairs of his country’s...
More Crypto Regulations for Japan as Bank Reveals Wallet Plans
30.8.2019
Japan’s regulatory Financial Services Agency (FSA) looks set to beef up its policing of the country’s cryptocurrency exchanges.
Per a report from Japanese media outlet Crypto Watch, the FSA wants to revise more laws and bolster cooperation with overseas authorities.
Exchanges will be cheered by...
Australian Tax Office has sent out Warning letters to Investors who have invested 90% of Retirement Savings in Cryptocurrencies
18.8.2019
The ATO (Australian Tax Office) has sent cautioning letters to investors who have invested most of their retirement investment funds in cryptocurrencies. As per a local news agency, the Australian Tax Office has sent letters to caution approximately 18,000 SMSFs (Self Managed Super Funds) in...
Crypto Regulations Are Changing Worldwide to Comply With FATF Standards
12.8.2019
Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data. Also read: China Publishes...
Report Suggests 15 Countries are Planning Global Monitoring System for Cryptocurrency Under FATF
10.8.2019
As per the latest report released by Nikkei Asian Review, a news outlet based in Tokyo, as many as 15 countries are planning to form a global digital currency monitoring system. This system will be developed alongside the FATF, short for Financial Action Task Force, the intergovernmental...
Czech Republic to Impose Stricter Crypto Regulations than EU Requires
8.8.2019
Czech regulators plan to impose a fine of up to half a million euros on crypto firms should they fail to register their operations with the national Trade Licensing Office
More Control or More Freedom? SEC to Run BTC, ETH, XRP nodes; Inviting Contractors
1.8.2019
Contractors for running Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) nodes are required. This notice was announced by the United States Securities and Exchange Commission (SEC) The SEC wants to run its own nodes on Bitcoin and Ethereum. The chosen contractors will need to run the nodes on behalf...