Tag: regulations

Jul 16 2021

Jul 15 2021

Jun 10 2021

The Conundrum Of Bitcoin Legal Tender Laws

The adoption of bitcoin by El Salvador poses an interesting contradiction of freedoms, albeit solved on a secondary level.Nayib Bukele, El Salvador’s laser-eyed President, shocked the world at the Bitcoin 2021 conference in Miami when he announced that bitcoin would become legal tender in his country. A few days later, the "...

May 28 2021

Regulators Cannot Actually Ban Bitcoin

There are various aspects of the technology that make an outright ban on bitcoin unfeasible.“You’d have to shut down the internet.” Hester Peirce, Commissioner to the U.S. Securities and Exchange Commission (SEC) on implementing a Bitcoin ban.Although Bitcoin’s market capitalization has...

May 26 2021

Luno Forced To Remove Bitcoin Ads In U.K.

British regulators have forced bitcoin exchange Luno to take down ads recommending bitcoin purchases.A creative advertising slogan curated by Luno, a United Kingdom-based bitcoin exchange, has been banned by the U.K.’s Advertising Standard Authority (ASA), according to a recent report from CNBC....

May 25 2021

How DeFi Benefits From Regulatory Crackdowns

Decentralized finance (DeFi) has taken the world by storm over the past year or so. Despite regulatory pressure or clampdowns on crypto mining operations, DeFi continues to thrive. Chartered Financial Analyst and Arca CIO, Jeff Dorman, has laid out his reasoning as to why the current narrative towards crypto assets is not going away. In a lengthy tweet on May 24, the former...

May 21 2021

Dutch Central Bank Forced To Backpedal On Bitcoin Address Verification Procedures After Court Ruling

The Dutch Central Bank has lost a legal battle over its uninformed and bureaucratic bitcoin address verification requirements.Bitonic, the oldest Bitcoin exchange in the Netherlands, recently had its day in court with the Dutch Central Bank (DCB). At issue was the legitimacy of DCB’s mandate that Bitonic (and other Bitcoin exchanges and custodians operating in the Netherlands) implement very stringent “address...

Apr 28 2021

Former U.S. Regulator Joins Square To Lead Bitcoin Policy

Apr 28 2021 Published at Bitcoin Magazine under tags  business cash app regulations square

Cash App operator Square has hired a former U.S. Chamber of Commerce vice president to lead its Bitcoin policy.Payments giant Square, which supports Bitcoin development through its branch Square Crypto and offers BTC to retail investors through...

Former U.S. Chamber Of Commerce VP Joins Square To Lead Bitcoin Policy

Apr 28 2021 Published at Bitcoin Magazine under tags  business cash app regulations square

Cash App operator Square has hired a former U.S. Chamber of Commerce vice president to lead its Bitcoin policy.Correction, April 29, 2021: This article was originally published suggesting that Julie Stitzel is a former regulator. Rather, she is a former vice president at a regulatory advocacy group. The article has been corrected to reflect that.Payments giant Square, which supports Bitcoin...

Apr 24 2021

Vebitcoin Exchange Becomes Second Turkish Crypto Platform to Face Probe in a Week

Apr 24 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

Turkey-based Vebitcoin exchange has come under fire after it ceased its business operations amid a polarized crypto market terrain in the country. As...

Apr 17 2021

Just-In: Gary Gensler Sworn in as New SEC Chair, Will SEC Drop Ripple Case?

Apr 17 2021 Published at Coingape under tags  altcoin news btcbrl btcbusd btcdai btceur

Gary Gensler has been sworn in as the new Chairman of the United States Securities and Exchange Commission (SEC),...

Apr 16 2021

Turkey Bans Bitcoin Payments As Lira Crashes

Apr 16 2021 Published at Bitcoin Magazine under tags  ban culture regulations turkey

The Central Bank of the Republic of Turkey has instituted a ban on cryptocurrency payments, as its own fiat currency is devalued.Turkey has instituted a ban on all cryptocurrency payments as its own fiat currency, the lira, is failing. The ban is said to commence at the end of April. “Payment...

U.S. Imposes Sanctions On Russia-Linked Bitcoin Addresses

Apr 16 2021 Published at Bitcoin Magazine under tags  culture regulations russia u.s.

In its effort to stifle entities that attempted to influence U.S. elections the Treasury Department sanctioned several bitcoin addresses.As part of an effort against entities that attempted to influence the 2020 U.S. presidential election, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), recently announced sweeping...

Apr 13 2021

Bitcoin Price Reaches ATH? Stock Tokens, $COIN, Bitcoin ETFs Set to Skyrocket BTC price

Apr 13 2021 Published at Coingape under tags  bitcoin etf bitcoin news btcbrl btcbusd btcdai

Bitcoin price after consolidating weeks under the last all time high of $61,742 finally reached $62,000 today. A lot has changed in last few weeks as crypto industry is witnessing highest ever rate of innovation. In this article we will cover a few noteworthy developments that are boosting mouthwatering growth in crypto. Binance Launches FTX The post Bitcoin Price Reaches ATH? Stock Tokens,...

Mar 12 2021

CFTC Examines Whether Binance Illegally Brokered Trades for US Users

Mar 12 2021 Published at Crypto Briefing under tags  binance bitmex breach business cftc

The Commodity Futures Trading Commission (CFTC) in the U.S. is investigating Binance to determine whether the exchange illegally facilitated trading for U.S. residents. Binance Under Investigation Binance isn't registered with the CFTC and is not authorized to allow derivatives trading by U.S. residents. The U.S. regulator views cryptocurrencies like Bitcoin and Ethereum as...

Mar 02 2021

Thailand Regulator Withdraws Proposal of Harsh Crypto Investment Rules

The draft proposed a crypto investors’ minimum annual income to be 1 million baht.

Mar 01 2021

Bitcoin And Taxes

Tax season can be confusing enough with complicated rules about what types of income are taxable and which are not; what can be written off and what can’t; and which assets need to be listed and which do not. Add to that the confusion around digital currency and...

Feb 12 2021

7 Million Crypto Holders in India Fear Blanket Bitcoin Ban

Feb 12 2021 Published at Crypto Briefing under tags  ban india markets regulations

Indian is moving to ban all cryptocurrencies despite the lack of backing from India's Reserve Bank, according to recent reports. Indian Law May End Crypto Business, Again On Jan 30., a...

Feb 10 2021

Blockchain Bites: The US vs. Bitcoin?

A CNBC contributor said the U.S. government wouldn't stomach losing the dollar's supremacy to bitcoin. Others say "the ship has sailed" on an outright ban.

Feb 09 2021

State of Crypto: India and Nigeria’s Crypto Crackdowns Continue Old Trends

Both nations hope to prevent banks from providing services to crypto companies.

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