Tag: regulation

Oct 30 2020

This country will now buy state-mined Bitcoin to fund imports

Oct 30 2020 Published at CryptoSlate under tags  adoption btcusd regulation

The Irani government will now allow imports to be paid for using Bitcoin, as per a recent report in local publication ISNA. The move is the first-of-its- kind and marks an important milestone in...

The 2 Types of Investors Driving Interest in Crypto

Oct 30 2020 Published at Unchained Podcast under tags  2020 banks bitcoin bitwise blockchain

Matt Hougan, chief investment officer of Bitwise Asset Management, discusses a milestone Bitwise reached this week -- hitting $100 million in assets under management. He also covered what has been driving interest in Bitwise products the two types of customers who have...

Oct 28 2020

Avanti Bank Launches

Oct 28 2020 Published at Bitcoin Magazine under tags  avanti regulation wyoming

Avanti Bank & Trust has been granted a bank charter by the Wyoming State Banking Board today following a unanimous vote, per an announcement from the company. “Avanti’s mission is to provide a compliant bridge between the traditional and digital asset financial systems, with the strictest level of institutional custody standards,” said Caitlin Long,...

Oct 27 2020

Acting Comptroller of the Currency Brian Brooks on Crypto Banks

Oct 27 2020 Published at Unchained Podcast under tags  2020 banks bitcoin blockchain cbdc

Brian Brooks got his start in traditional finance before joining Coinbase in 2018 and is currently the acting comptroller of the currency. In this episode, he discusses: how his background in traditional financial services led him to take a position at Coinbase whether the...

Oct 26 2020

Cryptocurrencies Should Be Defined as Money – FinCen and FRB

Reading Time: 2 minutes U.S. Federal Reserve Board and Financial Crimes Enforcement Network have called for cryptocurrencies to be defined as money The agencies also want the Bank Secrecy Act threshold to be reduced from $3,000 to $250 Cryptocurrencies are generally...

Oct 23 2020

BREAKING: People’s Bank of China Cracks Down on Stablecoins

Oct 23 2020 Published at CryptoTicker under tags  china crypto cryptocurrency pboc regulation

The People's Bank of China (PBoC) is asking for public feedback to review the ongoing central banking law, which intends to authorize and legalize digital yuan but ban the distribution of yuan-pegged digital tokens. The central bank issued a notice on Friday, 23 October 2020....

Bitcoin Bull Run – What Stands in the Way?

Reading Time: 2 minutesAlmost everyone in the cryptocurrency world is in agreement that, after nearly three years of waiting, Bitcoin is finally...

Willy Woo on Why It’s ‘an Extremely Great Time to Buy Bitcoin’

Oct 23 2020 Published at Unchained Podcast under tags  2020 banking bitmex blockchain crypto

Willy Woo, on-chain Bitcoin analyst and writer of “The Bitcoin Forecast,” a market intelligence newsletter, discusses how the Bitcoin markets have been changing amidst what may be a forthcoming ebbing of derivatives exchanges and a revival of the importance of spot exchanges. In this episode, he covers: what the PayPal news means when there are...

Oct 21 2020

CFTC Issues Advisory Mandating New Rules for Crypto Deposits

The amount of crypto deposits must be commensurate with the customer’s trading volumes, assessed on a quarterly basis.

Oct 20 2020

The Rush To Own India’s Bitcoin Market Is Back On

Oct 20 2020 Published at Bitcoin Magazine under tags  adoption india investing regulation

While the volume and scale may not be huge by current industry standards, venture capital inflows into Indian Bitcoin companies have been hard not to notice this year. Long considered an obviously ripe market for Bitcoin adoption, the regulatory and banking establishments in India have, at times, hamstrung growth of a local commercial Bitcoin ecosystem, leading to...

Oct 16 2020

BitMEX’s 3rd Lawsuit in 2020 Doubles Down on Illicit Enrichment, Market Manipulation

Oct 16 2020 Published at Crypto Briefing under tags  business regulation

HDR Global Trading Limited, the company behind the infamous BitMEX exchange, faces one more lawsuit after being accused of illicit activities by CFTC and...

Isle of Man authorities publish guidance on Bitcoin and crypto businesses

Oct 16 2020 Published at CryptoSlate under tags  regulation

The Isle of Man Financial Services Authority (IOMFSA) has published guidance setting out its position regarding the applicability of financial regulatory requirements to cryptocurrencies and tokens issued using blockchain technology, as per a release shared with CryptoSlate. The guidance has been developed in partnership with Digital Isle of Man, an Executive Agency of the Department...

New Civil Liberties Alliance Challenges IRS Collection Of Private Crypto Investment Data

If you’re a bitcoin trader or investor, you’ve probably traded on multiple cryptocurrency exchanges and, for the most part, trusted that those exchanges are keeping your data secure from unlawful data collection just like a bank or credit card provider would. Unfortunately, that doesn’t seem to be the case. On July 15, 2020 (Tax Day this year), New Civil Liberties Alliance (NCLA) filed...

UNI jumps 15% after OKEx suspends withdrawals due to police investigation

Oct 16 2020 Published at CryptoSlate under tags  defi regulation trading

Cryptocurrency exchange OKEx has suspended withdrawals from its platform indefinitely, as one of its multisig key holders has been held in police custody. The news about hundreds of millions of dollars worth of cryptocurrencies being trapped on the exchange shaved off around 3 percent off of Bitcoin’s price but sent UNI, Uniswap’s native token, up by almost 15 percent. Missing key holder forces...

What You Need to Know About the DOJ’s Cryptocurrency Enforcement Framework

Oct 16 2020 Published at Unchained Podcast under tags  2020 bitcoin bitmex blockchain cftc

Jessie Liu, partner at Skadden and the former US attorney for the District of Columbia, headed up the team that has prosecuted what some believe is the greatest number of cryptocurrency crimes worldwide — Welcome to Video, Dark Scandals, Helix, North Korea, Hamas/Al Qaeda and ISIS. In this episode, she discusses: how she came to create a Threat...

Bitcoin 🐳🚀📈?

Oct 16 2020 Published at Unchained Podcast under tags  bitcoin abc bitmex blockchain btc cftc

\+ CFTC Chair Gushes About ETH This week, another big institutional player invested an eye-opening sum in Bitcoin, while BTC's overall bullish trend shows no signs of slowing down. CFTC Chairman Heath Tarbert praised Ethereum while dancing around whether ETH or the greater DeFi landscape should be labeled securities or commodities. We also have a roundup of the latest...

Oct 15 2020

Chainalysis CEO – Privacy Coins Serve “Crime Syndicates”

Reading Time: 2 minutes Chainalysis CEO Michael Gronager has said that privacy coins such as Monero and Zcash have a limited use case in the future Gronager says that they won’t see widespread use and will remain “niche” Chainalysis is a pioneer in blockchain analytics...

LocalBitcoins Banned in Russia…Again

Reading Time: 2 minutes Access to LocalBitcoins has been revoked in Russia The peer-to-peer exchange was criticized in July for “disseminating prohibited information” LocalBitcoins was previously banned in 2016, but users can still access through other means...

Exclusive: Crypto Exchange CEX.IO Secures CySEC CIF License

The new brand, dubbed ‘CEX.IO Broker,’ provides a regulatory stamp for the company’s business in Europe.

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