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UK’s financial regulator expands AML regulations to all cryptocurrency firms

According to the consultation paper published by the UK’s financial regulator, cryptocurrency firms need to submit an annual report on their problem dealing method. The consultation paper reveals the plan to broaden the annual crime reporting requirements that involves cryptocurrency exchanges and other custodian wallet service providers. дальше »

2020-8-31 01:49


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Hawaii Set to Introduce Regulatory Sandbox for Cryptocurrency Companies

Financial regulators in Hawaii have introduced a regulatory sandbox for cryptocurrency businesses in the State as a way of developing clear-cut laws for the emerging digital economy. Two-Year Sandbox for Cryptocurrency Firms in Hawaii Hawaii’s governor’s office released a press statement on Tuesday (March 17, 2020) announcing the creation of the regulatory sandbox for cryptocurrencyRead MoreRead More. дальше »

2020-3-20 22:00


Internal Revenue Service Invites Crypto Firms To A Digital Asset Tax Summit In March

The Internal Revenue Service (IRS) sent out invites to an undisclosed number of cryptocurrency startups and firms in a bid to discuss digital asset tax-related issues in the field on March 3. The reports from Bloomberg Tax and Coindesk state the Washington based conference will have four-90 minute panel sessions to discuss taxes, tech, and […] дальше »

2020-2-19 17:31


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BigTech’s Foray into Cryptocurrency and Digital Payments Could Destabilize Global Finance

The Financial Services Board (FSB) has issued a report highlighting the potential impact of large tech firms participating in the crypto and digital payments arena. As part of its report, the FSB is calling for robust monitoring of the trend while issuing warnings related to the stability of the global financial architecture. дальше »

2019-12-10 02:00


On The Way To New Highs: Corporate America Falls Head Over Heels For Bitcoin

While the US government has shown its intense dislike and mistrust for Bitcoin, Corporate America is smitten with the cryptocurrency and has fallen head over heels for it. Square which is one of the largest payments processing firms on earth has a division for cryptocurrencies and a Bitcoin lover is heading it! Jack Dorsey who […] The post On The Way To New Highs: Corporate America Falls Head Over Heels For Bitcoin appeared first on ZyCrypto. дальше »

2019-8-3 14:11


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There’s now a cryptoart lottery using Bitcoin blockchain to pick a winner — and it’s brilliant

We’ve heard about auctions using blockchain to record sales of expensive works of art. We’ve seen the abstract musings of the cryptoart world, too. But what about a cryptoart charity auction that’s using blockchain to pick the winner? Well, an initiative being run by a trio of firms including cryptocurrency swap exchange service ChangeAngel, crypto-clothing store CryptoBantam, and cryptoartist Trevor Jones, is doing just that. дальше »

2019-8-2 11:27


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India: NASSCOM Condemns Government’s Intentions to Prohibit Bitcoin and Cryptocurrencies

The National Association of Software and Services Companies (NASSCOM), a non-profit trade association made up of firms in India’s information technology and business process outsourcing industry, has kicked against the government’s move to make bitcoin trading as well as transactions involving other blockchain-based digital assets illegal, reports LiveMint on July 30, 2019. дальше »

2019-7-31 11:00


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FINRA Requests Financial Firms Report to them Prior to Dealing with Digital Assets

The Financial Industry Regulatory Authority (FINRA) previously asked its member firms to inform them before they engaged in activities relating to digital assets. In a new notice, FINRA has confirmed the continuation of this rule along with a few more added clauses in an attempt to set a precedent for the way these assets areRead MoreRead More. дальше »

2019-7-22 01:00


Royal Bank of Canada Joins List of Fearful Anti-Crypto Institutions as Customer Shares Horrible Experience

The advent of Bitcoin and cryptocurrencies along with all other uses of blockchain technology isn’t exactly sitting well with traditional institutions. Though unsurprising, some of these firms are publicly speaking against cryptocurrency and would do everything within their power, to tackle the sector. дальше »

2019-7-22 23:20


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French Regulators Set to Approve Bitcoin-Linked Firms

France’s financial watchdog, the Financial Markets Authority (AMF) has announced plans to implement a new set of rules that will govern bitcoin and crypto-based businesses in the region. The regulation is expected to go live later this month, and it takes care of essential pain points like consumer protection, tax remittance and capital requirements, reportsRead MoreRead More. дальше »

2019-7-18 09:00


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. дальше »

2019-7-17 11:21


“Keep Big Tech Out of Finance Act” proposes $1 million per day fine on large tech companies acting as financial institutions

A recent bill, “Keep Big Tech Out Of Finance Act,” recommends prohibiting giant tech firms from serving as financial institutions or launching their own cryptocurrency. Likely geared toward Facebook, the bill was reviewed by Democrats that oversee the House Financial Services Committee. дальше »

2019-7-16 18:38


US Committee Plans to Ban Facebook Cryptocurrency Libra

The House Financial Services Committee in the United States is set to discuss the future of Facebook’s upcoming cryptocurrency, Libra, on Tuesday. The head of the committee, Democratic Congresswoman Maxine Waters, last week proposed legislation which details rules that would ban Facebook and other technology firms from developing and launching financial services. дальше »

2019-7-16 15:00


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In an Open Letter to Prime Minister Modi, CoinRecoil’s Founder Doesn’t Hold Back

CoinRecoil, a defunct Indian cryptocurrency exchange, had earlier filed a writ petition against the RBI circular to ban crypto firms from using traditional banking services. Kunal Barchha, the co-founder of the exchange, wrote an open letter to Prime Minister Narendra Modi, detailing all of his concerns and frustration, as reported by INC42, June 30, 2019. дальше »

2019-7-2 19:00