South African Regulators Reportedly Fast-Tracking Crypto Regulatory Framework

With South Africa receiving more than its fair share of cryptocurrency-related scams, a report suggests that regulators are responding to this challenge by fast-tracking the process of creating a new regulatory framework.

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Crypto Asset Activities Fall Under Rhode Island’s Money Transmission Laws

Rhode Island has been putting effort towards clearing defining the regulatory framework of cryptocurrencies. The main question that has since stumped the U.S. state in New England is whether the virtual asset can be classified as money or some monetary value that falls under their transmitter laws. Since the passing of Bill 5847 in July […]

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SEC Commissioner Hester Peirce speaks out against global regulatory framework

SEC Commissioner Hester Peirce says countries should develop individual regulatory frameworks for crypto assets and not rely on a global framework for all jurisdictions.

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Security Token Offering framework comes into focus

With the ICO boom in the rear mirror, investors and issuers are moving towards the Security Token Offering (STO) model. We look at the current STO space, the evolving regulatory framework, recent STO issuances, and ask the question — what happens next?

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Coinbase considers listing eight new coins including Dash, Decred, Ontology, and Algorand

Coinbase is considering the addition of eight new cryptocurrencies to the platform, including Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves.   Although the firm specified that these digital assets will be added on a jurisdiction-by-jurisdiction basis depending on the regulatory framework where they operate.

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Pro-Bitcoin SEC Commissioner Warns Against One-Size-Fits-All Crypto Laws

Pro-bitcoin SEC Commissioner Hester Peirce says adopting a single global regulatory framework for crypto is an “unwise” approach to governing the budding industry. Peirce says continued communication among the world’s financial regulators is the key to unlocking the opaque regulatory puzzle we find ourselves in.

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XRP hangs on to Bitcoin bulls’ coat-tails, despite divisive letter to U.S Congress

As all eyes descended on Capitol Hill for the Senate Banking Committee hearing on the regulatory framework for digital currencies, the price charts may have been neglected. Despite Bitcoin holding above the $9,500 mark however, it was XRP that stole the limelight.

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ICYMI: Circle CEO Urges Senators to Create a National Framework for Digital Assets

Coming a few weeks after the Senate grilled Facebook about their crypto project, Libra, Circle CEO Jeremy Allaire was the lone crypto-industry representative on Tuesday to testify before the Senate Committee on Banking, Housing, and Urban Affairs about the industry's need for regulatory clarity. Mr. Allaire urged Congress to adopt

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Iran Approves Crypto Mining Framework Amid U.S. Sanctions

The Iran economic commission has approved a cryptocurrency mining regulatory mechanism. This is according to an announcement made by the nation’s Chamber of Commerce. The long-awaited framework is set to… The post Iran Approves Crypto Mining Framework Amid U.S. Sanctions appeared first on CoinCentral.

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Circle CEO to Testify in Senate Hearing on Digital Currencies and Blockchain

Coinspeaker Circle CEO to Testify in Senate Hearing on Digital Currencies and BlockchainThe Senate Banking Committee will hear arguments from Circle CEO and Co-founder, Jeremy Allaire on the digital currencies and the blockchain industry.

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Malta proposes a regulatory framework for Security Token Offerings

The Malta Financial Services Authority has published a paper proposing a comprehensive legislative framework for Security Token Offerings (STOs). The authority sees STOs as a bridge between traditional securities offerings and technology-enabled securities offerings.

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Indian Bureaucrat Who Favored Bitcoin Regulation Quits Finance Ministry

The bureaucrat who favored the creation of a bitcoin regulatory framework in India quitted the Ministry of Finance on Wednesday. IAS Subhash Chandra Garg, who served as the Economic Affairs Secretary and Finance Secretary of India, accepted transfer order to the Ministry of Power.

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Mexican bitcoin exchange Bitso gets Gibraltar DLT license

Mexican bitcoin exchange Bitso gets Gibraltar DLT license » CryptoNinjas Bitso, a Mexican based and Latin American bitcoin exchange, has announced that coming up on August 1, 2019, the custody, as well as the sending, withdrawal, and trading of cryptocurrencies, will be regulated by the Distributed Ledger Technology Regulatory Framework of the Gibraltar Financial Services Commission (GFSC).

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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.

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France’s Financial Watchdog Proposes ‘Voluntary’ Regulatory Framework for Crypto Firms

In exchange for regulatory approval, crypto firms can opt to abide by capital, tax, and consumer protection requirements.

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French government to create ‘ICO white list’ with new regulations

While the world is looking at Facebook’s Libra and its recent senate hearing, France is knuckling down and is set to approve the first wave of cryptocurrency businesses under new legislation. Under the rules, cryptocurrency-related firms will voluntarily abide by a regulatory framework that requires them to pay tax, provide consumer protection, and meet capital requirements, Reuters reports.

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Crypto Exchange and Bitlish Wallet: Benefits, Commissions and Legal Framework

The market for crypto-trading platforms is changing at an incredible speed. Regulators' pressure, changes in the regulatory environment, cyber-attacks, Bitcoin rate fluctuation, unscrupulous attempts to wind up trading volume to attract ICO, and now IEO-projects, all these contribute to changes in the balance of power in the crypto market.

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US Senate Committee Of Science, Commerce And Transportation Passes Blockchain Promotion Act

The US Senate is making positive progress on a crucial piece of legislation that will lay the ground for a regulatory framework for blockchain technology and how the government can benefit from the technology.

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Lame 'Old' SEC Should've Approved a Bitcoin ETF Already, Scolds Crypto Mom

SEC Commissioner Hester Peirce ("Crypto Mom") says the Securities and Exchange Commission should've approved a bitcoin ETF already and slammed the agency for being a backward relic. Hester Peirce to SEC: Wake Up to the Future Moreover, Peirce is concerned that the murky regulatory framework in the United States will chase crypto businesses offshore.

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Indian Crypto Community Petitions Government for Regulation

Following 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.

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Indian Government-Backed Program Offers Crypto and Blockchain Course

An Indian government-initiated program is offering a course for undergraduates to learn about cryptocurrency, blockchains, and their use cases. This 12-week interactive course is free to enroll and learn from.

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Supreme Court Advocate Shares His Views on Creating Fruitful Legal Cryptocurrency Rules in India

N. S. Nappinai, an Indian Supreme Court advocate has come up with suggestions that can help in regulating cryptocurrencies and digital asset in India. She says that the right regulatory framework should be devised in a way that promises transparency, oversight, and accountability.

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Supreme Court Advocate Suggests How to Regulate Cryptocurrency in India

An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake, she explains.

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Supreme Court Advocate Suggests How to Regulate Crypto in India

An Indian supreme court advocate has shared some thoughts on the kind of cryptocurrency regulation India can benefit from. The right regulatory framework “would ensure transparency, oversight and accountability,” but a “one size fits all” regulation would be a mistake, she explains.

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Our take: Interpreting recent signals from US regulatory agencies

We want to highlight how recent signals from U. S. regulators are creating an uncertain environment for crypto assets, prompting us to take actions that we—and our customers and community—find deeply frustrating.

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Circle CEO Announces Eliminating Ten Percent of Staff Citing Regulatory Certainty as Reason

Jeremy Allaire, the CEO of Circle, the company behind the famous Poloniex exchange and the USDC stablecoin, tweeted May 22, 2019, that the company was laying off ten percent of their staff at Circle as a result of the restrictive regulatory framework in the United States.

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Bitcoin Businesses Push Back Against Proposed Canadian Crypto Regulatory Framework

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The Bahamas SCB Files Draft for Regulating Crypto Industry

The Securities Commission of The Bahamas has escalated their proposal to create a new regulatory framework for the issuance and sale of digital tokens in order to attract more blockchain business to set up offices on the island.

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Kraken Turns Tables on Canadian Regulators in Nine-Page Rebuttal

By CCN: Kraken is not pleased with the way Canadian regulators propose to go about governing crypto trading platforms. In a sternly written paper to the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada, the crypto exchange explained its gripes.

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Canadian Exchange Kraken Criticizes Proposed Crypto Regulations from CSA and IIROC Authorities

Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) had combined to release a paper titled “Proposed Framework for Crypto-Asset Trading Platforms.

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India: Lobby Groups Ask the RBI to Include Crypto, ICOs in Regulatory Sandbox

In a bid to ensure that India doesn’t fall behind in the global cryptocurrency race, tech industry lobby groups and crypto startup founders have asked India’s apex bank, the Reserve Bank of India (RBI), to include crypto-assets and digital tokens in its proposed regulatory sandbox framework for the fintech industry.

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Powerful Indian Tech Lobby Urges Central Bank to Favor Bitcoin Startups

By CCN: Dominant Indian tech lobby, NASSCOM, is pushing the Reserve Bank of India to be inclusive with cryptocurrencies like bitcoin in its regulatory sandbox to shape the future of the country’s fintech industry.

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Crypto Lobbying Groups Urges Reserve Bank Of India to Reconsider The Bitcoin Ban

India tech industry lobby associations and founders of startups have asked India’s banking regulator to incorporate crypto assets in its suggested regulatory sandbox framework for the fintech industry.

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India: Nasscom pushes Reserve Bank of India to consider crypto, crypto-related assets in its regulatory sandbox framework

In April 2019, the Reserve Bank of India [RBI] had announced that it was working on ‘Draft Enabling Framework for Regulatory Sandbox’. This draft had excluded Cryptocurrency, Initial Coin Offering, credit registry, and other crypto-related assets and there had been rumors of the government of India banning crypto.

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US Lawmakers Form Fintech Task Force to Examine Industry

United States lawmakers have passed a resolution to create a fintech task force that will examine the current regulatory framework for fintech

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Toxic ICO Taxes: Thailand Stock Chief Slams Regulators for Crippling Crypto-Friendly Startups

By CCN. com: Thai startups raising funds by issuing digitized equities/stocks pay more taxes than an average business, according to Prinn Panitchpakdi. The governor of the Stock Exchange of Thailand (SET) said initial coin offering (ICO) startups typically pay 7 percent in value-added (VAT) and a 20 percent in corporate tax.

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11 Crypto Initiatives Indian Government Has Taken

The Indian government has engaged in numerous crypto-related initiatives and projects while actively drafting the regulatory framework for cryptocurrencies. Below are 11 crypto-specific initiatives that the government has been involved in.

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11 Cryptocurrency Initiatives Indian Government Has Taken

The Indian government has engaged in numerous crypto-related initiatives and projects while actively drafting the regulatory framework for cryptocurrencies. Below are 11 crypto-specific initiatives that the government has been involved in.

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The Need for a Crypto Regulatory Framework in Japan, Nikkei Asian Review’s Pesek Explains Why

It has recently been reported by William Pesek – from Nikkei Asian Review – that renowned Japanese investor, Masayoshi Son has lost $130 million of his own money due to investing in Bitcoin. Also serving as the CEO of SoftBank Group, which is currently valued at $100 Billion, many are questioning his decision to enter […]

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Manhattan Federal Judge Will Decide Whether Cryptocurrencies Are Cash Or ‘Goods’, Chase Bank

Manhattan Federal Judge Will Decide Whether Cryptocurrencies Are Cash Or Not A federal judge in Manhattan will have to take a decision on whether cryptocurrencies are considered cash or not. This would have a very important effect in the space since the regulatory framework around virtual currencies is still not clear. Are Cryptocurrencies Cash? Chase […]

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Indian Government Progressing on Crypto Regulation Amid Ban Rumor

The Indian government has been progressing on cryptocurrency regulation. A recent report from the Ministry of Finance confirms some recommendations. Meanwhile, local media reported Friday that a draft bill on the regulatory framework for cryptocurrencies is being circulated among relevant government departments.

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India Progressing on Crypto Regulation Amid Ban Rumor

The Indian government has been progressing on cryptocurrency regulation. A recent report from the Ministry of Finance confirms some recommendations. Meanwhile, local media reported Friday that a draft bill on the regulatory framework for cryptocurrencies is being circulated among relevant government departments.

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Reserve Bank of India Says Cryptocurrencies are “Negative” and Don’t Provide Anything New to The Economy

The Reserve Bank of India will not even bother to study the possibility of testing the impact of crypto and similar virtual tokens on the development of a new regulatory framework for fintechs. In a.

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India Shuns Bitcoin Legalization Again, Excludes Crypto Startups from Fintech Sandbox

By CCN. com: The Reserve Bank of India (RBI) has published its official document on a draft framework for fintech regulatory sandbox entitled “Draft Enabling Framework for Regulatory Sandbox. ” The document explicitly excluded crypto assets like bitcoin, demonstrating a lack of intent to regulate the local crypto market.

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Центробанк Индии не допустил в финтех-песочницу криптовалютные проекты

Резервный банк Индии (RBI) обнародовал фреймворк для финтех-песочницы, участие в которой могут принять и блокчейн-компании. Однако криптовалютные стартапы к проекту центробанка допущены не будут. RBI releases draft “Enabling Framework for Regulatory Sandbox”https://t.

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RBI Excludes Cryptocurrency From Indian Regulatory Sandbox

India’s central bank, the Reserve Bank of India (RBI), has unveiled its framework for a fintech regulatory sandbox. While blockchain and smart contracts are welcomed, the bank stated that cryptocurrency and related services “may not be accepted for testing.

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France Tells EU: Adopt Our Cryptocurrency Laws Across Europe

France wants the European Union (EU) to adopt its recently enacted cryptocurrency regulations for the entire region. French Finance Minister: Ours is the Right Way France’s Finance Minister Bruno Le Maire says the EU should consider adopting the country’s approach to regulating cryptocurrencies.

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France Flaunts ‘Right’ Crypto Model as EU Members Feel the Heat

By CCN: France is pushing the boundaries with its new crypto regulatory framework, which it unveiled a week ago. Now the government plans to pressure other EU states to take the “right” approach to crypto regulation.

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G20 Summit leaders could decide on international cryptocurrency regulatory framework in June

Bitcoin’s strong bullish rally this week garnered the attention of financial institutions and governments alike, with many personalities tweeting about the same. Though adoption and acceptance of crypto-assets has increased manifold over the past year, regulatory clarity is still a distant reality.

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