Category: Regulation

G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra

G7 Agrees on Crypto Action Plan Spurred by Facebook's LibraG7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their […]

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Indian Government Breaks Silence on Crypto Regulation

The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation has already been submitted by the interministerial committee tasked with drafting the […]

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SEC Begins Green-Lighting Token Offerings

SEC Begins Green-Lighting Token OfferingsThe U.S. Securities and Exchange Commission recently made history when it green-lighted two token offerings under Regulation A+. “This is the first time in U.S. history that a crypto token offering has received SEC qualification,” one of the two qualified issuers proclaims. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at […]

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How They Will Attack Bitcoin: The Hypocritical Shock Campaign of US Monetary Policy

How They Will Attack Bitcoin: The Hypocritical Shock Campaign of US Monetary PolicyOn July 16, U.S. Department of the Treasury Secretary Steven Mnuchin gave a short press briefing discussing cryptocurrencies and the pressing need for regulation. A 28-minute slodge of alphabet agency soup, studded with calculated mentions of “terrorism” nearly every minute, casual observers were left confused. Are we talking about crypto or biological weapons of mass […]

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Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide

Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate WorldwideBitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates, for using crypto ATMs to fund drug traffickers in […]

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Complete Indian Draft Crypto Bill Leaked – Experts Weigh In

A Complete Indian Draft Crypto Bill Leaked - Experts Weigh InA draft cryptocurrency bill for India has been leaked in full, but details of the bill have raised some questions. News.Bitcoin.com talked to a number of experts in the field who shared their analyses of the bill’s content and its implications on the Indian crypto industry. Also read: G20 Leaders Issue Declaration on Crypto Assets […]

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How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

US Bill 'Keep Big Tech Out of Finance’ Discussion Draft Targets Facebook's LibraFacebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance Act, hopes to […]

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Thailand Approves 4 New Cryptocurrency Service Providers

Thailand Approves 4 New Cryptocurrency Service ProvidersThe Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals. Meanwhile, new rules, conditions, and procedures have been introduced for digital asset businesses. Also read: G20 […]

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What Are Dollars Used for, President Trump? – The Gun Money Known as USD

What Are US Dollars Used For, President Trump? - The Gun Money Known as USDDonald Trump has taken to Twitter yet again, and this time he’s talking about bitcoin and the superiority of the United States dollar. Bashing lack of regulation and potential for criminal activity inherent to crypto, Trump claims the U.S. fiat will always be the strongest currency in the world. As empirical evidence goes, however, it’s […]

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How 10 Countries Respond to Facebook’s Libra Cryptocurrency

How 10 Countries Respond to Facebook’s Libra CryptocurrencyA growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements. Also read: G20 Leaders Issue Declaration on Crypto Assets – […]

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110 Cryptocurrency Exchanges Want to Launch in Japan – A Look at Recent Changes

110 Cryptocurrency Exchanges Want to Launch in Japan - A Look at Recent ChangesFollowing G20 meetings, where Japan led several discussions regarding crypto assets, the country’s top financial regulator told news.Bitcoin.com that 110 crypto exchanges are now interested in launching in Japan. The country recently passed a new cryptocurrency bill, and some approved crypto trading platforms have undergone changes. Also read: G20 Leaders Issue Declaration on Crypto Assets […]

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India to Educate High-Ranking Police Officers on Cryptocurrency

India to Educate High-Ranking Police Officers on CryptocurrencyIndia’s national police academy has launched a cryptocurrency course for high-ranking officers of the Indian Police Service. Among the objectives of the course are the functioning and legal aspects of cryptocurrencies, as well as investigations of cases involving digital coins. The Indian police continue to regularly uncover crypto-related schemes as the government deliberates on the […]

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Modi Discussed Crypto Standards at G20 Summit – A Look at How They Apply to India

Modi Discussed Crypto Standards at G20 Summit – A Look at How They Apply to IndiaIndia’s Prime Minister Narendra Modi participated in discussions on crypto assets at the G20 leaders’ summit in Osaka, Japan. At the conclusion of the summit, the leaders of the G20 countries jointly declared their commitment to applying the crypto standards set by the Financial Action Task Force. India’s new finance minister, Nirmala Sitharaman, also joined […]

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G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments

G20 Leaders Issue Declaration on Crypto Assets - A Look at Their CommitmentsThe G20 leaders jointly issued a declaration on crypto assets at the end of their summit in Osaka, Japan. They declared their commitments, reaffirmed that crypto assets do not pose a threat to global financial stability, and requested further work done by standard-setting bodies. Also read: V20 Summit Concludes With Promises for Crypto Industry G20 […]

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V20 Summit Concludes With Promises for Crypto Industry

V20 Summit Concludes With Promises for Crypto IndustryAs the G20 leaders’ summit came to a close, the nearby V20 summit concluded with a set of promises for the crypto industry in response to the global crypto standards set by the Financial Action Task Force. A group of national crypto associations aims to engage with government agencies and global policymakers to ensure the […]

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Koinex Exchange Shuts Down Ahead of Crypto Regulation

Koinex Exchange Shuts Down Ahead of Crypto RegulationAnother Indian crypto exchange has shut down permanently due to the banking restriction and regulatory delays. The exchange cites denials in payment services and a sharp decline in trading volume resulting from the recent news of a draft bill to ban cryptocurrencies. Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms Koinex Shuts Down Indian […]

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How to Keep Bitcoin Cash Transactions Private

How to Keep Bitcoin Cash Transactions PrivateThere are many reasons to keep bitcoin cash transactions private and the top six ways to make them anonymous are outlined in a new video by Bitcoin.com. Meanwhile, the Financial Action Task Force has just released its global guidance for crypto assets, effectively calling on countries and crypto exchanges to strengthen their KYC measures. Also […]

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G20 Policymakers to Discuss Regulations Proposed by Crypto Industry

G20 Policymakers to Discuss Regulations Proposed by Crypto IndustryAs world leaders start arriving for the G20 summit in Osaka, Japan, policymakers and crypto industry representatives are convening at another summit to discuss the implications of proposed global standards for crypto assets and service providers, as well as solutions that will minimize unintended consequences of implementing these standards. Also read: FATF Releases Global Standards […]

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48 Cryptocurrency Exchanges Now Approved in the Philippines

48 Cryptocurrency Exchanges Now Approved in the PhilippinesThe number of approved cryptocurrency exchanges has been growing in the Philippines. In addition to 11 operators registered by the central bank, the Bangko Sentral ng Pilipinas, there are 37 other crypto exchange operators licensed by the government-owned Cagayan Economic Zone Authority. Also read: FATF Releases Global Standards for Crypto Assets 11 Crypto Exchanges Registered […]

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FATF Releases Global Standards for Crypto Assets

FATF Releases Global Standards for Crypto AssetsThe Financial Action Task Force adopted its new rules on crypto assets and published its updated Guidance on Virtual Assets and Virtual Asset Service Providers Friday. Under these new measures, crypto service providers will be required to implement the same requirements as traditional financial institutions. Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms FATF’s […]

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Indian Government Shed Light on Proposed Crypto Regulation

Indian Government Shed Light on Proposed Crypto RegulationSince leaked information regarding India’s cryptocurrency bill emerged, there have been constant discussions about what it entails. Four different government bodies have been asked about their involvement in the drafting of the bill. South Korea went through a similar situation, causing confusion to the public. Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms RTIs […]

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Policymakers Meet to Finalize Global Crypto Guidance – A Look at Standards G20 Supports

Policymakers Meet to Finalize Global Crypto Standards With Strong Support From G20The Financial Action Task Force has kicked off its meeting to discuss global cryptocurrency regulations which the G20 countries have committed to follow. Meanwhile, the crypto industry has raised concerns regarding some recommendations, and a meeting has been set up to coincide with the G20 summit to influence policymakers. Also read: G20 Starts Crypto Discussions […]

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Indian Crypto Community Petitions Government for Regulation

Indian Crypto Community Petitions Government for RegulationFollowing widespread reports of the upcoming Indian cryptocurrency bill, the crypto community has started a petition for the government to quickly implement a regulatory framework for cryptocurrencies. In addition, a television network operated by the Upper House of the Indian Parliament has aired a program discussing the bill, and three Right to Information requests have […]

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Leaked Details of India’s Supposed New Cryptocurrency Bill Analyzed

Leaked Details of India’s Supposed New Cryptocurrency Bill AnalyzedExcerpts from what could be India’s new cryptocurrency bill have been leaked. While local media have made outrageous claims about the details of the bill, industry experts have pointed out numerous flaws and inaccuracies. Meanwhile, the country’s finance secretary has confirmed that the crypto regulation is ready to be submitted to the finance minister for […]

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