Category: Regulation

Restrictions Worldwide Show Why It’s Vital to Be Your Own Bank

Restrictions Worldwide Show Why It’s Vital to Be Your Own BankAs capital controls and banking restrictions continue to affect various populations worldwide, standing in the way of individuals and their hard-earned savings, some are looking to safer options and even cryptocurrencies. Lebanon, Zimbabwe, and India are just a few of the countries to deal with centralized restrictions on access to money in recent times, but […]

The post Restrictions Worldwide Show Why It’s Vital to Be Your Own Bank appeared first on Bitcoin News.

Continue Reading

NY Regulator Licenses Fidelity for Bitcoin Trading and Custody

NY Regulator Licenses Fidelity for Bitcoin Trading and CustodyFidelity Investment’s digital currency arm has been licensed by the New York Department of Financial Services to operate a platform on which individuals and institutional investors can store, purchase, sell, and transfer bitcoin. The regulator also revealed that it has to date approved 23 charters or licenses for firms engaged in crypto activities. Also read: […]

The post NY Regulator Licenses Fidelity for Bitcoin Trading and Custody appeared first on Bitcoin News.

Continue Reading

Indian Supreme Court Wraps up Crypto Hearing for the Year

Indian Supreme Court Wraps up Crypto Hearing for the YearThe Supreme Court of India called on for hearing on Monday the writ petitions challenging the banking restriction by the Reserve Bank of India (RBI). After hearing from the RBI’s counsel, the court wrapped up the case for the year. Its decision follows Lok Sabha, the lower house of the Indian parliament, revealing that a […]

The post Indian Supreme Court Wraps up Crypto Hearing for the Year appeared first on Bitcoin News.

Continue Reading

US to Strictly Enforce Crypto Rules Similar to FATF Guidelines

US to Strictly Enforce Crypto Rules Similar to FATF GuidelinesThe U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal Reserve has flagged stablecoin as a potential risk to the U.S. financial system in a new […]

The post US to Strictly Enforce Crypto Rules Similar to FATF Guidelines appeared first on Bitcoin News.

Continue Reading

International Law Enforcement Conference Addresses Crypto and the ‘Criminal Economy’

International Law Enforcement Conference Addresses Crypto and the ‘Criminal Economy’The 2019 National Proceeds of Crime Conference (NPOCC) held in Brisbane, Australia from November 13-15 addressed “Globalisation and Digitisation of the Criminal Economy,” and featured 200+ delegates hearing from representatives of organizations such as the Australian Federal Police, Singapore and New Zealand police, United States Department of Justice, and the Australian Criminal Intelligence Commission. The […]

The post International Law Enforcement Conference Addresses Crypto and the ‘Criminal Economy’ appeared first on Bitcoin News.

Continue Reading

Indian Government Delays Introducing Cryptocurrency Bill

Indian Government Delays Introducing Cryptocurrency BillThe Indian government previously told the supreme court that the country’s cryptocurrency bill may be introduced in the Winter session of parliament. However, the crypto bill is not included in the agenda published by Lok Sabha, the lower house of India’s parliament. This gives the community a sigh of relief as many have been campaigning […]

The post Indian Government Delays Introducing Cryptocurrency Bill appeared first on Bitcoin News.

Continue Reading

Ohio Crypto Program Hits a Snag, Attorney General Finds It Illegal

US State of Ohio Crypto Program Hits a Snag, Attorney General Finds It IllegalThe Attorney General of the U.S. state of Ohio has assessed the state’s crypto program and concluded that it is a legal violation of state law. The state’s former treasurer skirted the law to launch a website that allowed 23 types of tax payments in cryptocurrency ahead of other states. Also read: US State of […]

The post Ohio Crypto Program Hits a Snag, Attorney General Finds It Illegal appeared first on Bitcoin News.

Continue Reading

FBI Says Bitcoin Concern Is Getting ‘Bigger and Bigger’

FBI Says Bitcoin Concern Is Getting 'Bigger and Bigger'In a recent U.S. Senate Committee on Homeland Security And Governmental Affairs hearing, Senator Mitt Romney expressed concerns about Bitcoin’s potential as a threat to national security. Federal Bureau of Investigation (FBI) Director Christopher Wray replied that cryptocurrency is a concern that’s “going to become a bigger and bigger one.” Also Read: Crypto Secularizes Wealth […]

The post FBI Says Bitcoin Concern Is Getting ‘Bigger and Bigger’ appeared first on Bitcoin News.

Continue Reading

Hong Kong Now Offers Opt-In Regulation to Crypto Exchanges

Hong Kong Now Offers Opt-In Regulation to Crypto ExchangesHong Kong’s Securities and Futures Commission has established a new regulatory framework that allows crypto exchanges to opt-in to be licensed and regulated. Starting Wednesday, centralized trading platforms can apply for a license, providing they meet certain requirements including adequate measures for the safe custody of assets, insurance, hot and cold wallets, and private key […]

The post Hong Kong Now Offers Opt-In Regulation to Crypto Exchanges appeared first on Bitcoin News.

Continue Reading

Finland Approves First 5 Crypto Service Providers

Finland Approves First 5 Crypto Service ProvidersFinland’s crypto regulation is now in full effect. The first five crypto service providers have been approved to legally operate in the country, the Finnish financial regulator confirmed to news.Bitcoin.com. The grace period for operating without registration has expired. Also read: Finland Begins Regulating Crypto Service Providers Only Five Registrants Finland’s Financial Supervisory Authority (FIN-FSA) […]

The post Finland Approves First 5 Crypto Service Providers appeared first on Bitcoin News.

Continue Reading

OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund

OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin FundA commissioner of the Ontario Securities Commission (OSC) has debunked the arguments against bitcoin used to deny the public offering of The Bitcoin Fund. Among others, the commissioner rules that bitcoin is neither illiquid nor more susceptible to manipulation than other commodities, real volume and real trading in bitcoin exist, and it is not the […]

The post OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund appeared first on Bitcoin News.

Continue Reading

23 Central Banks Divulge Their Digital Currency Requirements

23 Central Banks Divulge Their Digital Currency RequirementsTwenty-three leading central banks participated in an in-depth survey on their digital currency developments and requirements, including fungibility, convertibility, and availability. They also discussed the timeframe for issuing consumer-ready central bank digital currencies and divulged their greatest concerns about implementing them. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain The First […]

The post 23 Central Banks Divulge Their Digital Currency Requirements appeared first on Bitcoin News.

Continue Reading

ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’

ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and of growth rather than the protection of savers?” Regarding former […]

The post ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’ appeared first on Bitcoin News.

Continue Reading

Korean Presidential Committee Pushes to Legalize Crypto

Korean Presidential Committee Pushes Government to Legalize CryptoA South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain Presidential Committee Pushes for Crypto Legalization […]

The post Korean Presidential Committee Pushes to Legalize Crypto appeared first on Bitcoin News.

Continue Reading

Argentina’s Example Shows That You Don’t Own Your Money

Argentina's Example Shows That You Don’t Own Your MoneyCash shortages, bank closures and ATMs running out of funds seems to be the new norm for many countries, and recently increased capital controls in Argentina are further testament to this unsettling trend. Sunday’s election of president Alberto Fernández has resulted in Argentine account holders being limited to USD purchases of $200 via bank account […]

The post Argentina’s Example Shows That You Don’t Own Your Money appeared first on Bitcoin News.

Continue Reading

Bank of Lithuania Issues Guidelines on Security Token Offerings

Bank of Lithuania Issues Guidelines on Security Token OfferingsRecognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Guidelines Aiming to Avoid More […]

The post Bank of Lithuania Issues Guidelines on Security Token Offerings appeared first on Bitcoin News.

Continue Reading

State Bank of India Chief Argues Crypto Regulation Is a Must

State Bank of India Chief Argues Crypto Regulation Is a MustThe chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.C., with Finance Minister Nirmala Sitharaman. Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives […]

The post State Bank of India Chief Argues Crypto Regulation Is a Must appeared first on Bitcoin News.

Continue Reading

As Crypto Exchanges Exit the US, Which Trading Platforms Will Enter the Breach?

As Crypto Exchanges Exit the US, Which Trading Platforms Will Enter the Breach?The U.S. remains a challenging environment for centralized cryptocurrency exchanges, with major players significantly scaling back their operations and others heading for the door. The most recent casualty of America’s stringent regulatory climate is one time market-leader Poloniex, which has “spun out” from parent company Circle, spinning out of the U.S. market in the process […]

The post As Crypto Exchanges Exit the US, Which Trading Platforms Will Enter the Breach? appeared first on Bitcoin News.

Continue Reading

How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise

How Fiat Money Fails: An Overview of Government's Paper-Thin PromiseFiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling out acts of god and unforeseen circumstance, the […]

The post How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise appeared first on Bitcoin News.

Continue Reading

Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’

Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’Two reports from risk solutions group Lexisnexis assert that anti-money laundering (AML) and know your customer (KYC) policies can negatively affect a business’s bottom line and customer service significantly. A recent trip to the local post office for a money order certainly had a negative effect on my own experience, thanks to the same regulations, […]

The post Bad for Business: How KYC/AML Makes Everyone a ‘Terrorist’ appeared first on Bitcoin News.

Continue Reading

FATF Starts Checking How Well Countries Implement Crypto Standards

FATF Starts Checking How Well Countries Implement Crypto StandardsThe Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these requirements swiftly,” the FATF emphasized. Also read: Where US Regulators Stand on Cryptocurrency FATF […]

The post FATF Starts Checking How Well Countries Implement Crypto Standards appeared first on Bitcoin News.

Continue Reading

Indian Finance Minister Answers Crypto Questions at IMF Meeting

Indian Finance Minister Answers Crypto Questions at IMF ConferenceAt an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference. Also read: Indian Supreme Court Postpones Crypto Case to November, New Date Confirmed Finance Minister Talks Crypto At the […]

The post Indian Finance Minister Answers Crypto Questions at IMF Meeting appeared first on Bitcoin News.

Continue Reading

Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous

Global Crisis Looms as IMF Report Cites Its Own Policy as DangerousIn a new report by the International Monetary Fund (IMF) entitled “Global Financial Stability Report: Lower for Longer,” the group gives an overview of the current debt-ridden and precarious state of affairs in global economics. Not lost on some economists, however, is the irony that these modern realities are the direct result of policies historically […]

The post Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous appeared first on Bitcoin News.

Continue Reading

SEC Wants Second Look at Bitwise Bitcoin ETF Proposal

SEC Wants Second Look at Bitwise Bitcoin ETF ProposalThe U.S. Securities and Exchange Commission (SEC) is reviewing its order issued last week pertaining to a rejected proposal for a bitcoin exchange-traded fund (ETF). The proposal was filed by NYSE Arca for the Bitwise Bitcoin ETF Trust. Meanwhile, the SEC is also evaluating a proposed rule change for a different type of bitcoin ETF. […]

The post SEC Wants Second Look at Bitwise Bitcoin ETF Proposal appeared first on Bitcoin News.

Continue Reading

By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close