‘Over-Regulation’ May Scupper South Korea’s Fledgling Crypto Sector
Source: Adobe/y fran_kie Critics have accused Seoul of “over-regulation,” claiming that a new South Korean crypto law – which will promulgate in a matter of...
Category : Regulation
“BBVA’s goal is to provide our customers with access to new digital asset markets”
The truth is that the vast majority of transactions involving cryptocurrencies are more traceable than cash, and even electronic transactions. You simply have to have...
BitMEX operator joins digital finance standards and advocacy organization
100x Group, BitMEX’s parent company and the holding structure for its platform, has joined Global Digital Finance, or GDF, a major industry association advocating for...
President Biden freezes FinCEN’s proposed crypto wallet regulations
One of the first actions President Joe Biden has taken on his first day in office is to freeze Federal regulatory process, including the controversial...
SEC’s “Crypto Mom” demands innovation, says you can’t prosecute an algorithm
SEC Commissioner Hester Peirce spoke at the CFC 2021 virtual blockchain conference on Jan. 20, where she discussed the prospect of working with a new...
Tether and Bitfinex seek further 30 days to produce critical trial documents
iFinex Inc — the parent company of crypto exchange Bitfinex and stablecoin issuer Tether (USDT) — has written to the New York Supreme Court requesting...
US crypto regulations will return Bitcoin to its digital cash origins
The United States Financial Crimes Enforcement Network, or FinCEN, recently proposed a series of new regulations applying to financial institutions dealing with digital currencies, such...
Plaid’s blocked acquisition was a shocking ‘shift’, VCs say
The $5.3 billion acquisition of fintech startup Plaid by Visa was officially called off last week after the Department of Justice (DOJ) sued in November...
Crypto anti-terrorism bill introduced in the US House of Representatives
U.S. Representative Ted Budd (R-NC) has sponsored a new piece of legislation aimed at creating an agency tasked with combating the use of cryptocurrencies in...
Calculating crypto – 6 stocks for the next 10-15 years – 10 top forecasts for 2021
Dear Readers, Has the stock market gotten too predictable for you? Indexes have hovered near record highs for months, and it’s been the usual suspects...
Former Canadian prime minister names Bitcoin as possible reserve currency
Stephen Harper, who served as prime minister of Canada for nine years, says there may be a place for Bitcoin and central bank digital currencies...
Maastricht Ransomware Case: A Year in Review in Light of 6 AMLD and OFAC
Cyber-attacks have always been considered a threat to many private and governmental institutions, even prior to the Covid-19 pandemic. Although ransomware cases were instrumental to...
British financial advisor calls on the gov’t to ban crypto transactions
Neil Liversidge, a veteran financial advisor, has called on the government of the United Kingdom to ban transactions in cryptocurrencies like Bitcoin (BTC). Liversidge, the...
Another court applies the Howey investment contract analysis to crypto
On June 25, 2020, the United States Securities and Exchange Commission brought suit in the Northern District of California against NAC Foundation LLC, also known...
Next steps as SA prepares for regulation of Bitcoin
South Africa is preparing to regulate cryptocurrencies like Bitcoin. In addition to protecting individuals, the new rules may pave the way for a mushrooming of...
Tether Case: Important Date for Crypto Market – Cryptocurrency Regulation
Tether: The biggest stable coin by market cap will be having a critical turning point. Tether case: The famous case of NYAG (New York Attorney...
Only 4-7 Korean Crypto Exchanges Will Survive Regulations
Source: Adobe/Cavan The CEO of Bithumb Korea, the domestic wing of the South Korean market-leading crypto exchange Bithumb, has predicted that after soon-to-promulgate regulations kick...
Dacxi joins self-regulating trade group CryptoUK as executive member
Digital asset exchange Dacxi is joining CryptoUK, a self-regulatory trade association for the U.K. cryptocurrency industry. According to an announcement from CryptoUK today, Dacxi will...
Crypto monitoring rule will wait until new administration
In response to a deluge of comments, the United States Treasury Department’s Anti-Money Laundering office is slowing its roll on a rushed proposal to monitor...
UK ban on cryptocurrency derivatives may stifle innovation
The cryptocurrency community has reacted strongly against a ban on cryptocurrency derivatives in the UK. Arguing that it could potentially set the country back against...
Jack Dorsey cites Bitcoin as a better model for the internet in Trump ban explanation
Twitter CEO Jack Dorsey cited his passion for Bitcoin and decentralization in a 13-Tweet thread today explaining why the company banned U.S. President Donald Trump...
‘Crypto Mom’ Hester Peirce calls for more regulatory coordination
Lau: Well, it was a busy holiday! The SEC dropped a bombshell right before Christmas: a lawsuit against Ripple. After eight years of XRP operating...
Bitcoin (BTC USD) Cryptocurrency Miner Seeks More Regulation After Price Rise
Bitcoin’s parabolic gains are attracting more regulatory scrutiny to cryptocurrencies — which the co-founder of a mining company says is positive for digital coins. Peter...
UK Government Asks Crypto Industry to Provide Insights on Its Regulatory Approach
Her Majesty’s Treasury in the U.K. issued a document that details a series of proposals addressing the crypto community. With the consultation, the Treasury is...
Crypto custody firm graduates Singapore Monetary Authority’s regulatory sandbox
Crypto-custody provider and securities firm, Propine, has graduated from the Monetary Authority of Singapore’s fintech regulatory sandbox program, emerging with a Capital Markets Services License...
Cointelegraph predictions for the first 5 CBDCs of 2021-2022
Central Bank Digital Currencies (CBDCs) have been an integral part of progressive discussions within the cryptocurrency community. CBDCs are virtual representations of the fiat currency...
Trump’s de-platforming could reshape the internet
However, that backlash against the companies isn’t universal as Trump, his family, supporters and some lawmakers are characterising their actions as an assault on free...
Bitcoin Investors Face Severe Restrictions From HSBC & UK Banks
Bitcoin Investors Face Severe Restrictions From HSBC & UK Banks January 11, 2021 January 11, 2021 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY A report published by Sunday Times...
San Jose developer Gary Dillabough on pandemic, Adam Neumann and architecture
SAN JOSE — I reached Gary Dillabough on a day he was going into contract on a new property in downtown San Jose. So what...
Bitcoin may not be a big hit in India, but tokenization will be
Home » Commentary » Bitcoin may not be a big hit in India, but tokenization will be 🔊 Listen to this article By Rahul Kumar...
Squelched by Twitter, Trump seeks new online megaphone
BOSTON (AP) — One Twitter wag joked about lights flickering on and off at the White House being Donald Trump signaling to his followers in...
Kenyan crypto firms on notice as digital tax law takes effect
Kenya’s planned Digital Service Tax, or DST, came into effect at the start of 2021. The DST is part of the country’s 2020 revamped Finance...
Crypto exchange Bakkt nears merger with Victory Park SPAC
Bakkt, the cryptocurrency platform majority owned by Intercontinental Exchange Inc., is in advanced talks to go public through a merger with blank-check firm VPC Impact...
Indian crypto exchanges freeze suspicious accounts as bitcoin crosses $40,000
MUMBAI: Cryptocurrency exchanges in India have stepped up their efforts to detect suspicious activities and clamp down on ‘pump and dump’ schemes, as bitcoin breached...
Crypto Industry Fights ‘Arbitrary’ Treasury Rule
The Financial Crime Enforcement Network (FinCEN), a unit of the U.S. Treasury Department wants crypto exchanges to collect a lot more data about individuals transferring...
Singapore introduces tougher regulation for virtual payment service providers
The new regulatory control will apply regardless of whether the providers possess the money or cryptocurrencies involved. The Bill of the Payment Services Act...
Crypto Firms Blast FinCEN’s Push To Regulate Industry
Law360 (January 6, 2021, 8:45 PM EST) — Cryptocurrency heavy hitters are blasting attempts by the U.S. Department of the Treasury to regulate the industry,...
Ukraine Chooses Stellar Foundation to Develop Its CBDC, Regulatory Infrastructure for Stablecoins
The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks...
Blockchain.com follows other exchanges in delisting XRP
Popular wallet provider and crypto trading platform Blockchain.com has announced it will be delisting XRP and suspending its trading next week, following in the steps...
Singapore tightens regulation on cryptocurrencies
Any entity that facilitates the transmission, exchange or storage of digital payment tokens (DPT) will now have to be licensed, following enhancements to the Payment...
XRP sinks below LTC again after new lawsuit from major investor
XRP has once again lost its place as the fourth-largest cryptocurrency, with lawsuits mounting against Ripple after one of its major investors followed the SEC...
VCs blast Trump administration for rushing new crypto regulation
The financial-crimes unit of the US Department of the Treasury is pursuing a new regulation that would place a higher burden on cryptocurrency exchanges like...
5 Hot Banking & Payment Trends that Will Get Hotter in 2021
Subscribe to The Financial Brand via email for FREE! While 2020 was without a doubt a very challenging year, it was also a time...
Jack Dorsey says proposed cryptocurrency regulation would create ‘perverse incentives’
Jack Dorsey, the CEO of Twitter and Square, isn’t happy about the new proposed cryptocurrency regulation. He emphasized how the regulation would hurt Square, a...
Bank Of Jamaica Drafts ePayments Regulations
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The Central Bank of Jamaica (BOJ) is looking to regulate the burgeoning...
Bitcoin Hit Its Highest Peak of $28,700 on Dec. 30th
Bitcoin has reached a new all-time high. On December 30, the world’s number one digital currency by market cap hit $28,700, meaning it’s just shy...
SEC lawsuit against Ripple set for virtual pretrial conference in February
The United States District Court of the Southern District of New York has fixed Feb. 22, 2021 as the date for the pretrial of the...
Lition Helped Shape Blockchain Regulations in Germany – Cryptocurrency Regulation
With Lition as an active advisor, the German government has recently passed new blockchain regulations. Germany has legalized electronic securities that are based on blockchain....
Binance CEO Predicts that in 2021 Bitcoin (BTC) and Other Digital Assets will Keep Rising and be at “Pinnacle of Positive Change”
Binance, the world’s largest digital asset exchange, says it remains committed to innovating in 2021 in an increasingly “decentralized” world. Binance CEO Changpeng Zhao or...
XRP enthusiasts seek to force White House’s hand on SEC suit
As token prices plunge and Ripple prepares for court, a band of XRP enthusiasts have rallied around a petition that may force a White House...
Japan Regulators Order Crypto Exchange to Improve AML Systems
Avacus Co Ltd must build an AML/CTF risk management system that ensures transactions are confirmed and recorded at the time of transaction. The Tokai Finance...
US exchanges are suspending or delisting XRP left and right
Binance.US, the American branch of the global crypto exchange, and crypto-friendly asset trading service eToro are the latest platforms to suspend XRP trading in the...
Ripple Executive Says US Laws on Crypto Are Vague, Future Project Could Be Better Than Bitcoin, Ethereum and XRP
David Schwartz is decrying maximalism in the crypto space, whether it’s for Bitcoin, Ethereum, or even his own company’s favorite asset, XRP. Ripple’s chief technology...
Congresspeople chastise the Treasury for rushing new crypto monitoring proposal
Nine congresspeople have signed on to a letter to Treasury Secretary Steven Mnuchin, telling him to hold his horses. The Thursday letter is in response to the...
Congress Members Request Treasury to Extend Comment Period on FinCEN’s Crypto Regulation
Legal & Regulation Congress Members Request Treasury to Extend Comment Period on FinCEN’s Latest Crypto Regulation AnTy January 1, 2021 3,257 comments have been submitted...
FinCEN is now interested in offshore crypto holdings, proposes new regulation
The United States Financial Crimes Enforcement Network, or FinCEN, issued a brief note on Dec. 31, announcing its intention to propose a change in the...
How does Australia’s annual leave system work?
Normal text sizeLarger text sizeVery large text size From the mid-1930s to mid-1970s, Australian workers enjoyed a boom in their paid leave entitlements. Thanks to...
Relax, Tether won’t be targeted by SEC, says Bitfinex CTO
Paolo Ardoino, the outspoken chief technology officer of Bitfinex, took to Twitter this week to dispel concerns that Tether could be the next target of...
Backlash Continues As Coin Center Urges For Widespread Participation Against Rules
Several industry players have been quite vocal with respect to the proposal by the US Treasury Department and the Financial Crimes Enforcement Network [FinCEN] which...
New name, old problems? Libra’s rebrand to Diem still faces challenges
Facebook-backed Libra Association’s rebrand to Diem looked to quash negative perceptions of the project, but its new name has not changed the regulatory pressures the...
The US has already lost the 2020 crypto regulation race to Europe
2020 has been a stellar year for the crypto economy, with more enterprises and institutions than ever before implementing the technology. Big announcements, such as...
Order Book Sharing Ban Could Shake South Korean Exchanges to the Core
Source: iStock/TwilightShow New government regulations that will force South Korean crypto exchanges to cease order book sharing with overseas trading platforms could have a seismic...
2020’s 5 countries friendliest to crypto and blockchain
As the use of cryptocurrencies continues to spread around the world, a number of countries have established themselves as leaders in adoption. COVID-19 has dominated...
Coin Center Encourages The Crypto Space To Comment Against FinCEN’s Crypto Regulations
The US crypto community faces a lot of tension with the strict FinCEN’s proposed crypto regulations that will restrict crypto use to a sizeable extent,...
Bittrex joins Coinbase in delisting Ripple’s XRP following SEC lawsuit
Cryptocurrency exchange Bittrex announced on Dec. 29 that it will be removing all XRP markets starting from Jan. 15, 2021. Trading pairs affected are BTC/XRP,...
Bitcoin Price: Will Tighter Crypto Regulations Put a Damper on Bullishness?
Why crypto’s future may hinge on Biden’s administration Regulators may also soon scrutinise the world’s biggest cryptocurrency more closely, following its whirlwind rally and near...
File comments against new crypto FinCEN rule, Coin Center leader urges
With the two-week commentary period winding down, Jerry Brito, executive director of non-profit crypto policy advocate group Coin Center, says comments could make a difference...
WISeKey’s Identity Blockchain Technology Secures Commercial and Recreational Drones and Improves Safety Swiss Stock Exchange:WIHN
WISeKey’s Identity Blockchain Technology Secures Commercial and Recreational Drones and Improves Safety FAA lays out its remote ID ‘license plate for drones’ requirements ZUG, Switzerland...
India ponders Bitcoin tax law to target $5B market
India’s finance ministry has called for the enactment of Bitcoin (BTC) tax laws in the country. According to the Times of India, the ministry’s Central...
XRP Crashes as Coinbase to Suspend Trading In January
Source: Adobe/sorapop The fourth-largest cryptoasset, XRP, crashed to September lows after US-based major exchange Coinbase said it will join other trading platforms in suspending trading...
Top US Banking Regulator Says He’s Concerned About Capitol Hill Dismantling Pro-Crypto Regulations
Acting Comptroller of the Currency and former Coinbase legal chief, Brian Brooks, says he concerned that members of the Congress are urging the incoming Biden...
Bitcoin price latest: If cryptocurrency faces regulation, ‘nothing they can do to stop it’ | City & Business | Finance
With Joe Biden having anointed Ms Yellen as his treasury secretary, her anti-crypto sentiment has made some investors nervous that crippling regulations are in store...
Coinbase to suspend trading in XRP, citing SEC lawsuit against Ripple
Coinbase, one of the largest and most influential cryptocurrency exchanges in the United States, announced today that it will halt trading in XRP on Jan. 19. “In...
Bitcoin on longest monthly winning run since 2019 after topping $28,000
Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above $28,000 over the...
NUKKLEUS : Management’s Discussion and Analysis of Financial Condition and Results of Operations. (form 10-K)
The following discussion and analysis of our financial condition and results of operations for the years ended September 30, 2020 and 2019 should be read...
Holiday Bell: 12.28.20
“Lots of these crypto companies both onshore and offshore are willing to push regulation and build great innovation,” he said. “I would love an … Visit...
FAA final rule on Remote ID for drones arrives with a few major changes
The Federal Aviation Administration (FAA) has published its final rule on Remote ID for drones, clarifying the details about the previously announced remote identification plan...
Report: Crypto Faces More Regs As Popularity Rises
Share Tweet Share Share Share Email Bitcoin has had a good year despite numerous global challenges, becoming more popular than ever. But in doing so,...
OKCoin says crypto industry lacks means to comply with new US Treasury proposal
U.S. Treasury Secretary Steven Mnuchin recently dropped a proposal requiring exchanges and crypto platforms to verify the identity of customers exporting digital assets to self-hosted...
Bitcoin faces scrutiny | The Star
NEW YORK: It’s been a tough year by all accounts. But for Bitcoin, 2020 has been a marvelous time. The cryptocurrency tripled, surpassing US$20,000 for...
Crypto taxes, reporting and tax audits in 2021
This year was like no other. Now that it has limped to a close and we look at the promise of a better 2021, it...
XRP price faces a rocky road to recovery ahead of SEC’s Ripple lawsuit
Just over a month ago on Nov. 24, XRP’s value surged to above the $0.90 mark on U.S. cryptocurrency exchange Coinbase, albeit momentarily, leading many...
Fincen crypto rule may provide template for India
MUMBAI: A fresh set of rules proposed by the US Financial Crimes Enforcement Network (Fincen) call for US exchanges to report transfers of cryptocurrency such...
SEC vs. Ripple: A predictable but undesirable development
Such regulation by enforcement does indeed run the risk of stifling important and valuable innovation in the crypto space. Visit website...
Bitcoin Daily: Turkey To Test Digital Currency
Share Tweet Share Share Share Email The price of bitcoin has passed $28,000 on Sunday (Dec. 27) just hours after also passing $27,000 for the...
Crypto tax: Israelis to disclose crypto holdings
Israel set to implement a a crypto tax. Russia had also looked to implement a similar policy earlier in the year Globes have reported that...
SEC scuppers ShipChain’s $27M ICO and fines the firm its last $2M
The Securities and Exchange Commission sinks the firm behind another initial coin offering. Per a Dec. 21 cease and desist order, the SEC has determined...
Tether Regulation Proposal ‘Apocalyptic’ for Crypto
Unregulated stablecoins such as Tether face increasing regulatory pressure from the U.S. government. A new U.S. bill called the Stable Act is stirring anxiety in...
Ripple CEO Garlinghouse responds to SEC complaint against XRP
Ripple CEO Brad Garlinghouse has responded to the latest regulatory complaint against XRP, assuring shareholders that the company will prove their case in the court....
Amid inflation woes, Turkey announces CBDC tests planned for 2021
As the country struggles with soaring consumer prices and an inflation rate in the double digits, in an announcement to members of Turkey’s Parliament central...
Russian Analyst Says CBDCs Will Not Rival Bitcoin And Other Assets
Central bank digital currencies burst into the limelight earlier this year when news started making the rounds that China was on the verge of launching...
Russia’s State Duma expects explosion of crypto issuance in 2021
The Russian government is anticipating more cryptocurrencies to be issued in the local market in 2021, according to a senior official. Anatoly Aksakov, a member...
Russian Parliament Foresees a Wave of Token Issuance for 2021 in the Wake of Crypto Law Promulgation
The head of the Russian parliamentary committee on financial markets and the country’s first crypto law’s author is forecasting a “surge in token issuance” for...
Adoption, scams and regulator FUD: 2020’s biggest crypto disappointments
While 2020 has been a landmark year for the crypto space, there have been a few notable letdowns. Despite the growing mainstream acceptance of virtual...
A storm is brewing between state regulators and the OCC over fintech licensing
A leading association of state banking regulators is trying to put the U.S. national banking regulator in its place on the issue of fintech registration....
Bitcoin Derivatives Demand in 2021: Industry Insiders Predict
When Bitcoin is cautiously approaching the $25,000 mark, the derivatives market remains bullish on the digital currency. More and more professional investors are betting on...
Elad Roisman appointed acting chairman of SEC, according to Hester Peirce
Elad Roisman will take over as Chairman of the United States Securities and Exchange Commission effective immediately, according to Commissioner Hester Peirce. Peirce broke the...
Blockchain Firm Chainalysis and Digital Asset Exchange OKCoin Express Concerns Regarding FinCEN’s New Crypto Rules
This past Friday, the US Department of the Treasury published a Notice of Proposed Rulemaking (NPRM) to the Federal Register that may require financial institutions...
Novogratz hopes Biden admin reverses Trump’s anti-crypto stance
The United States is in desperate need of open-minded cryptocurrency regulations from the incoming Biden administration, according to Galaxy Digital CEO Mike Novogratz. Appearing in...
