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European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect
10.1.2020
A strict new regulatory regime is dawning upon European firms handling cryptocurrency. Here’s what AMLD5 will mean for the industry
Philippine ‘Crypto Valley of Asia’ to Get Own Airport
10.1.2020
The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of...
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
Illinois Legalizes Blockchain Contracts
9.1.2020
With the new year Illinois became the latest state to recognize smart contracts and other blockchain-based records as legal instruments
Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone
9.1.2020
Bithumb could invest over $8 million into South Korea’s regulatory free zone in Busan
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
ECB President Pushes for a Central Bank Digital Currency
9.1.2020
Christine Lagarde has reiterated her interest in digital currencies, pushing for ECB’s involvement in the development of a CBDC
ESMA Wants to Create ‘Sound Legal Framework’ for Cryptocurrencies in 2020
9.1.2020
Citing concerns about digitalization risks to financial markets, ESMA plans to focus more on crypto regulation this year
ECB Wants Active Role in Crypto, Will Not Deter Private Solutions
9.1.2020
The European Central Bank (ECB) wants to play an active role in the field of digital currency, said President Christine Lagarde. As the bank works on its own digital currency and an instant payment system, Lagarde emphasizes that “central bank initiatives should neither discourage nor crowd...
Australians Won’t Use Libra, Believes Central Bank
9.1.2020
Reserve Bank of Australia officials are not yet convinced cryptocurrencies offer benefits over and above traditional means of payment
Ethereum Developer Virgil Griffith Indicted Over North Korea Event Appearance
9.1.2020
Ethereum developer Virgil Griffith has been indicted in New York over allegations relating to a conference appearance in North Korea last April
Kerala Outlines Plans to Become India’s Blockchain Hub
9.1.2020
The Indian state of Kerala is actively exploring using blockchain technology to improve a wide range of existing systems, including financial. Thousands of people are already being trained in the state to become blockchain experts, some of whom have already graduated, according to the state’s...
New York Governor Proposes Giving Financial Watchdog More Teeth
9.1.2020
Andrew Cuomo wants to give the Department of Financial Services more powers in regulating certain licensed entities, including crypto startups
Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency
9.1.2020
As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival as a truly disruptive alternative to legacy financial systems is raised. After all, if governments like Qatar’s can ban it, and international...
Former Bakkt CEO and New US Senator Loeffler Will Help Oversee CFTC
8.1.2020
Former Bakkt CEO and Georgia's new Senator Kelly Loeffler will help oversee the CFTC, a major financial regulator in the U.S
ECB’s Lagarde: We Want to Develop Digital Currencies but Won’t Discourage Private Initiatives
8.1.2020
Lagarde said the ECB will continue researching CBDCs and will not stand in the way of any private initiatives
Crypto Tax Reporting Failures Can Be Expensive, Even Criminal
8.1.2020
Be careful with cryptocurrency taxes because mistakes — even accidental ones — might cost you
Former Bakkt CEO to Help Oversee CFTC in Congress
8.1.2020
Newly appointed senator Kelly Loeffler is to join the committee that oversees the Commodity Futures Trading Commission, raising concerns of a possible conflict of interest
Why China Is Banning Crypto But Is Bullish on Blockchain
8.1.2020
"The bandit needs to be wiped out before the regular army gets in," says Flex Yang, co-founder and CEO of Babel Finance, speaking of China's uncertain crypto regulations
Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream
8.1.2020
A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream. Emphasizing that “it is no longer possible to stop crypto asset trade,” the committee recommends integrating crypto into the country’s...