Tag: regulation news

Sep 17 2021

ECB President asserts “Cryptos are not currencies, full stop.”

Sep 17 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

ECB President, Christine Lagarde made anti-crypto comments on "The David Rubenstein Show: Peer-to-Peer Conversations". On the issue of crypto’s global purpose and whether it’s too early to determine one, Lagarde claimed that the decentralized sphere is supported by a highly speculative asset class, which stands nowhere close to the definition of currency. “Cryptos are not The post ECB President asserts “Cryptos are not...

S.Korea Crypto Crackdown: 60 Crypto Exchanges to Shut Down Due to This Reason

Sep 17 2021 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

60 crypto exchanges in South Korea have been asked by the regulatory body to either partially or completely halt their services and inform the customers about it by Friday. The shut down of these exchanges comes as they failed to comply with the latest set of regulations that come into effect from next week. In The post S.Korea Crypto Crackdown: 60 Crypto Exchanges...

Sep 16 2021

South Korean Lawmaker Says Deferring Crypto Taxation is Inevitable, Here is Why

The moves by the South Korea Ministry of Strategy and Finance to tax incomes bordering on digital currencies as planned by January 1 may be an exercise in futility. Faulting the plans, one of the country’s lawmakers, Rep. Noh Woong- rae of the Democratic Party of Korea said the relevant authorities or stakeholders lack the right The post South Korean Lawmaker Says Deferring Crypto...

China Crypto Crackdown: Chenggu County shuts down unregistered crypto training center

Sep 16 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Chinese Crypto Crackdown is now extended into rural China with the latest shut down of Chenggu County’s "National Blockchain Application Operation Vocational Qualification Training Center", an illegally operating cryptocurrency training center. Cryptocurrency investment began to spread in rural China, and a cryptocurrency training center was closed in Chenggu County, Shaanxi Province, China. https://t.co/lYRYYzW9R9 -- Wu The post China Crypto Crackdown: Chenggu County shuts...

Just-In: Coinbase ($COIN) Files For Crypto Futures Offerings

Coinbase Inc ($COIN), one of the top global crypto exchanges based out of New York has filed with the National Futures Association (NFA) to offer crypto futures services. The crypto exchange filed the application on September 15 and if approved it would join the likes of FTX.US who recently acquired a CFTC approved derivative platform The post Just-In: Coinbase ($COIN) Files For Crypto...

XRP Price Prediction: XRP Struggles At $1.1 As The SEC Denies Ripple To Documents In Lawsuit

XRP price struggles to sustain around $1.1 amid bearish calls that risk another drop to $0.92. The US SEC maintains that the DPP protects its internal documents, and therefore Ripple has no right to request access. Ripple is dancing around $1 after plunging from a September high of $1.4 and testing support at $0.92. The The post XRP Price Prediction: XRP Struggles At...

Sep 15 2021

Ripple’s Garlinghouse Criticizes Gensler’s unclear testimony on securities laws

Sep 15 2021 Published at Coingape under tags  brad garlinghouse coinbase ethaud ethbkrw ethbrl

Securities and Exchange Commission (SEC) Chairman, Gary Gensler has received considerable criticism from republicans as well as the crypto community for his Tuesday’s testimony before the Senate Banking Committee. While testifying, Gensler claimed that most digital assets that are allowed to trade on crypto exchange platforms are required to register with the SEC. Gensler argued The post Ripple’s Garlinghouse Criticizes Gensler’s unclear testimony...

XRP Lawsuit: SEC files letter brief, reinstating it’s stance in DPP dispute

Sep 15 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The latest update in the XRP lawsuit saw the plaintiff file a Letter Brief in the DPP dispute, supporting the allegedly privileged data it is keeping from Ripple. The SEC asserted that all documents that will be reviewed by Judge Netburn, in-camera are “pre-decisional and deliberative”, and henceforth protected by the Deliberative Process Privilege (DPP). The post XRP Lawsuit: SEC files letter brief,...

Sep 14 2021

Senator Elizabeth Warren Takes a Jibe at Crypto Ecosystem’s Unpredictable Gas Fees

Sep 14 2021 Published at Coingape under tags  cryptocurrency defi news regulation news sec

Senator Elizabeth Warren (D-MA), known for her skepticism of the digital currency ecosystem has taken new jibes at the cryptocurrency industry, citing a number of inconsistencies that make the nascent digital trading world unhealthy for the average investor. Speaking in a Tuesday hearing of the Senate Committee on Banking, Housing, and Urban Affairs with Securities The post Senator Elizabeth Warren Takes a Jibe...

China Crypto Crackdown: Hebei Province claims crypto is threat to national security

Sep 14 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

China’s Hebei Province has joined the trail of the locally spreading crypto crackdown in the authoritarian state. Hebei Province’s authorities have announced that they will begin investigation and crackdown of cryptocurrency mining and trading from October. The declaration was made through an article that identified virtual currencies as a national threat in lieu of their The post China Crypto Crackdown: Hebei Province claims...

South Korea Crypto Crackdown: FSC to Crackdown on $2.6 Billion “Kimchi” Market

Sep 14 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

South Korea’s Financial Services Commission (FSC) has announced a potential regulatory clampdown upon firms’ failure to meet the new compliance requirements by 24th September. The FSC highlighted that the inability to meet the mentioned deadline may cause the closure of 40 out of 60 exchanges in South Korea. “Huge investor losses are expected with trading The post South Korea Crypto Crackdown: FSC to...

Sep 13 2021

Sep 11 2021

XRP Lawsuit: SEC files further response to its letter motion compelling Ripple to produce internal recordings

Sep 11 2021 Published at Coingape under tags  ethaud ethbkrw ethbrl ethbtc ethbusd

The latest development in the ongoing XRP lawsuit saw the SEC file further responses to its letter motion compelling discovery of Ripple’s internal meetings’ audio-visual recordings. In the response letter, SEC noted, now that the plaintiff’s motion has been declared moot, the commission will not engage and thereafter shall not correct “various inaccuracies” in Ripple’s The post XRP Lawsuit: SEC files further response...

Sep 10 2021

Breaking: Switzerland’s SIX Stock Exchange Gets Approval to Launch Digital Token Exchange

Sep 10 2021 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

SIX, the Switzerland Stock exchange has been cleared by FINMA to launch a digital token exchange. The new entity would be called the Swiss Digital Exchange that would allow the trade of blockchain-based securities or digital tokens. The platform obtained two licenses from the country's watchdog allowing it to offer regulated trading, settlement, and custody The post Breaking: Switzerland's SIX Stock Exchange Gets...

XRP Lawsuit: SEC officially admit it’s failure to inform XRP is security

Sep 10 2021 Published at Coingape under tags  altcoin news btcbrl btcbusd btcdai btceur

The latest update in the XRP lawsuit could be grounds for the final verdict. Ripple's first request for admissions (No.99) to the SEC, which was attached to the recent court filing unveiled the most crucial information for the lawsuit, to date. The document confirms that the SEC never informed any third parties that XRP was The post XRP Lawsuit: SEC officially admit it’s...

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