Legal & Regulation / Çàãîëîâêè íîâîñòåé 
China’s National Development & Reform Commission Adds Crypto Mining to Outdated Industry
About two dozen cryptocurrency firms have fled the country after PBOC explicitly warned foreign platforms about providing services to its citizens, calling them illegal financial activities. The post China’s National Development & Reform Commission Adds Crypto Mining to Outdated Industry first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-8 18:49
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DOJ Establishes National Cryptocurrency Enforcement Team
US Deputy Attorney General Lisa Monaco announced new enforcement initiatives targeting crypto contractors who fail to report cyber breaches ‘because cryptocurrency is used in a wide variety of criminal activity. äàëüøå »
2021-10-8 22:54
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SEC Chair says US Approach is “Different” from Banning Crypto, Congressman Tells Gensler to “Step out of” Crypto’s Way
Meanwhile, a top Republican in the House of Representatives is proposing a safe harbor bill, “Clarity for Digital Tokens Act of 2021,” to “provide the necessary legal certainty to digital asset projects when they launch. äàëüøå »
2021-10-6 16:36
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Monetary Authority of Singapore Grants Two Licenses to Offer Digital Payment Token Services
Singapore has granted licenses to DBS Vickers, the brokerage arm of DBS Bank Ltd. , and the Australian crypto exchange Independent Reserve to offer digital payment token services. Both the firms were granted an “in principle” approval from the Monetary Authority of Singapore (MAS) under the country’s Payment Services Act in the past two months. äàëüøå »
2021-10-2 23:15
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The United States has “No Intention to Ban” Bitcoin or Cryptocurrency, Confirms Fed Chair
Jerome Powell did say that stablecoins are “outside the regulatory perimeter” and need to be regulated. The post The United States has “No Intention to Ban” Bitcoin or Cryptocurrency, Confirms Fed Chair first appeared on BitcoinExchangeGuide. äàëüøå »
2021-10-1 16:26
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Resistance Grows to Big Bank and Cryptocurrency Critic for the OCC Chair
Cryptocurrency regulations continue to stall in the United States, with regulators and industry players seemingly unable to reach a consensus. At the same time, the Biden administration appears to be having trouble with its latest financial regulatory candidate. äàëüøå »
2021-9-29 22:05
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Swiss Financial Markets Regulator FINMA Approves the First Crypto Fund
The Swiss Financial Market Supervisory Authority (FINMA) announced on Wednesday that it had approved the first crypto fund in the country. The fund called “Crypto Market Index Fund” is an investment fund that invests in digital assets and is restricted to qualified investors. äàëüøå »
2021-9-29 18:15
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Canada’s Security Regulator Releases New Guidance for Crypto-Trading Firms Relating to Advertising and Marketing
The Canadian Securities Administrators (CSA) has released fresh guidance for cryptocurrency exchanges on advertising and marketing along with the use of social media. An umbrella group for securities regulators in the country, CSA published the guidelines this week in collaboration with the Investment Industry Regulatory Organization of Canada after they became aware of certain advertising […] The post Canada’s Security Regulator Releases New Guidance for Crypto-Trading Firms Relating to Advertising and Marketing first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-24 21:03
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While “Not an Issue Yet,” BoE Deputy Governor Sees Growing “Appetite” for Crypto Among Both Retail and Institutions
While not wanting to stop firms from doing things that make commercial sense, Sam Woods calls for a “very conservative view” on capital measures. The post While “Not an Issue Yet,” BoE Deputy Governor Sees Growing “Appetite” for Crypto Among Both Retail and Institutions first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-24 20:12
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4th State Issues an Emergency Cease and Desist Order Against Crypto Lender Celsius Network
Cryptocurrency lending platform Celsius Network has now received an emergency cease and desist order from Kentucky’s securities regulator over its “Earn Interest Accounts. ” On Thursday, Kentucky joined three other states, including Alabama, New Jersey, and Texas, that last week took similar actions. äàëüøå »
2021-9-24 18:25
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Dubai to Allow Crypto Trading within Tax-Exempt Economic Zones
The Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE) has signed an agreement with the Dubai World Trade Centre Authority (DWTCA) to support the trading of cryptocurrencies in DWTCA's free zone, reported the state news agency. äàëüøå »
2021-9-24 19:27
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The Biden Administration Is Considering Cryptocurrency Critic For Head OCC Position
US President Joe Biden is reportedly considering nominating a crypto critic as the head of the Office of the Comptroller of Currency (OCC). Saule To Put Crypto And Big Bank To The Sword Currently headed by Michael Hsu, on an interim basis, the OCC is the regulatory body responsible for supervising the bank sector in […] The post The Biden Administration Is Considering Cryptocurrency Critic For Head OCC Position first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-24 18:18
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Majority of Crypto Exchanges Dealing in “Predominantly Legal Activity,” says Treasury Deputy Secretary
This statement comes as the Biden Administration targeted “parasite” exchange and blacklisted it for its role in processing ransomware proceeds. The post Majority of Crypto Exchanges Dealing in “Predominantly Legal Activity,” says Treasury Deputy Secretary first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-22 20:41
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SEC Chair Gary Gensler Literally Says Nothing New But Here’s the Highlights
SEC Chair says Stablecoins are “poker chips at the casino” that is “challenging the established business models.” The post SEC Chair Gary Gensler Literally Says Nothing New But Here’s the Highlights first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-22 16:07
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US SEC Subpoenas Event Speaker at Messari’s NY Mainnet 2021 Conference
The crypto industry’s relationship with regulatory bodies has always been a murky one. Financial watchdogs remain adamant in their mission to bend the industry to their will, and they appear to be taking things more seriously. äàëüøå »
2021-9-22 18:18
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Treasury Department Imposing Sanctions to Crack Down on Crypto Payments in Ransomware
The Biden Administration is preparing a range of actions, including sanctions to curb the use of digital currency in ransomware cyberattacks, the Wall Street Journal reported, citing people familiar with the matter. äàëüøå »
2021-9-19 17:56
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Crypto Lender Celsius Network is Now Being Targeted by Texas, New Jersey, and Alabama
After BlockFi, regulators are now targeting crypto lender Celsius Network. Texas filed a notice this week seeking a hearing to determine whether to issue a cease and desist order against the company. äàëüøå »
2021-9-19 17:28
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Infrastructure Bill’s Overlooked “Digital Assets” Tax Provision is a Disaster and an Attack on Privacy
The trillion-dollar infrastructure bill passed by the Senate and now pending in the House that has an overreaching definition of ‘broker’ also contains an overlooked “digital assets” provision. If this bill becomes law, that would be a disaster, said Abraham Sutherland, an adjunct professor at the University of Virginia School of Law and an adviser […] The post Infrastructure Bill’s Overlooked “Digital Assets” Tax Provision is a Disaster and an Attack on Privacy first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-19 16:33
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Dallas Mavericks Owner, Mark Cuban, Calls for Proof of Authority Basis to Crypto Regulation
Crypto regulation in the United States remains a hot-button topic, especially following recent moves by regulatory watchdogs in the country. While many are wary of these regulators and their views on the industry, some pro-crypto names are welcoming the possible developments. äàëüøå »
2021-9-18 23:34
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Cryptocurrency Tax Dispute in South Korea Reaches Boiling Point
South Korea’s crypto industry is currently in the midst of a significant dispute with the government as the topic of taxation continues to rage on. Following a possible delay in the government’s proposed tax code, a lawmaker has come out to declare that he won’t be backing down. äàëüøå »
2021-9-18 18:06
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SEC Chair’s ‘Very Objectionable’ Approach to Crypto Sees Only ‘A Small Number’ of Cryptocurrencies as Not Securities
Gary Gensler says he’s not “negative or a minimalist about crypto,” rather standards established by Congress which can be changed by them “have a very broad definition of a security.” The post SEC Chair’s ‘Very Objectionable’ Approach to Crypto Sees Only ‘A Small Number’ of Cryptocurrencies as Not Securities first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-15 16:20
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House Democrats Planning to Hike Tax on Crypto Assets in Infrastructure Bill
The trillion-dollar infrastructure bill has moved to the House to pass, and after fighting and losing in the Senate, another big fight is at the crypto industry’s door. Citing sources with the knowledge of the plans, Politico reported that Richard Neal, chairman of the House Ways and Means Committee, is the one preparing to add […] The post House Democrats Planning to Hike Tax on Crypto Assets in Infrastructure Bill first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-14 16:49
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SEC Chair, Gary Gensler, Calls for Crypto Exchanges to Register with the Commission
In his prepared remarks for the Senate Committee on Banking, Housing, and Urban Affairs hearing, Gary Gensler is focusing on “large parts” of the crypto market — finance, issuance, trading, and lending — not operating within the regulatory frameworks. äàëüøå »
2021-9-14 15:56
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More than 65% of South Korean Crypto Exchanges to Shut Down Once FSC Deadline Hits
This could result in “huge investor losses” as users lose access to about 42 local altcoins. Currently, Polkadot (DOT), XRP, Cardano (ADA), and Cosmos (ATOM) are leading cryptos on the four top legit exchanges in the country. äàëüøå »
2021-9-14 22:36
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Four Years After the Act, SEC Charges Issuers for An $18 Mln Unregistered ICO
This week, the US Securities and Exchange Commission (SEC) charged Steven K. Sprague, President of Rivetz Corp and CEO of Rivetz International SEZC, and both the companies with conducting an illegal, unregistered offering of securities through an initial coin offering (ICO). äàëüøå »
2021-9-9 19:25
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UAE Adopts Regulatory Framework for Crypto Assets
The National Committee for Combating Money-Laundering and Financing of Terrorism and Illegal Organisations of United Arab Emirates (UAE) endorsed a regulatory framework for crypto assets, said the central bank. äàëüøå »
2021-9-9 17:46
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Ukraine Passes the Law to Regulate Virtual Assets With Nearly Unanimous Vote
This is a step in the direction of Ukraine’s plan to open a cryptocurrency market to businesses and investors by 2022. The post Ukraine Passes the Law to Regulate Virtual Assets With Nearly Unanimous Vote first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-9 15:59
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Former RBI Regulatory Chief Advocates for Crypto Regulations in India
India’s relationship with cryptocurrencies has continued to be murky at best. The situation is made markedly worse by regulators, who have made a habit of being coy on the subject. However, one former policymaker has called on the Reserve Bank of India to adopt crypto and go deeper into the digital currency age. äàëüøå »
2021-9-9 22:02
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LATAM’s Crypto Adoption: Panama Introduces Bill to Regulate Crypto and Recognize BTC and ETH as Payment Methods
With crypto law, the country seeks to become “compatible with the blockchain, crypto assets, and the internet” along with smart contracts and DAOs. The post LATAM’s Crypto Adoption: Panama Introduces Bill to Regulate Crypto and Recognize BTC and ETH as Payment Methods first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-9 20:05
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SEC Chairman Gary Gensler Targets Crypto Lending Platforms, Starting with Coinbase Lend
SEC doesn’t want Coinbase Lend to allow its users to earn a 4% interest rate on USDC “over 8x the national average for high-yield savings accounts.” The post SEC Chairman Gary Gensler Targets Crypto Lending Platforms, Starting with Coinbase Lend first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-8 15:50
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Hong Kong’s Securities Regulator Official Calls for Expanding its Supervision Scope to Crypto
To crack down on unlicensed virtual asset trading due to investors suffering huge losses. The post Hong Kong’s Securities Regulator Official Calls for Expanding its Supervision Scope to Crypto first appeared on BitcoinExchangeGuide. äàëüøå »
2021-9-7 19:10
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UK’s Financial Watchdog says, No Real-World Cash Flows Underpinning the Price of Digital Tokens, Not Even Bitcoin
Britain's Financial Conduct Authority (FCA) said Monday that creating a regulatory regime for the cryptocurrency industry will take careful thought. Britain’s finance ministry already had a public consultation as to whether some crypto-asset promotions need regulation. äàëüøå »
2021-9-6 17:01
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SEC Creates A Stand-Alone Office to Conduct Investigations into Crypto and Other Digital Assets: Report
“Crypto is the new shadow bank,” says Senator Elizabeth Warren, who says regulators should consider banning the banks in the US from holding cash deposits backing up stablecoins to effectively end the growing market. äàëüøå »
2021-9-6 15:24
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SEC Chair says DeFi Leaves Investors ‘Vulnerable’ and Stablecoins Facilitate AML and Sanctions Bypass
The innovation that has grown to be a $2. 1 trillion asset class with no borders or boundaries “has been and could continue to be a catalyst for change in the fields of finance and money,” said Gary Gensler. äàëüøå »
2021-9-2 17:06
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SEC Chair Says $2.2T Crypto Industry Is At A Level That It Must Be Within A “Public Policy Framework”
According to Gary Gensler, who is set to testify before the European Parliament’s Committee on Economic and Monetary Affairs on Wednesday regarding crypto, DeFi isn’t really a new concept. It has “a fair amount of centralization” as such regulators can exercise authority over these decentralized platforms. äàëüøå »
2021-9-1 16:37
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Treasury Seeking More Crypto Reporting Requirements, Global Data-Sharing, in Reconciliation Package
The Treasury Department is looking to add more crypto reporting requirements in the reconciliation bill. On the one hand, the Treasury wants to introduce more rules for cryptocurrency transaction reporting; on the other hand, the officials of the department have been telling media that the crypto community’s fear about tax provision in the $1 trillion […] The post Treasury Seeking More Crypto Reporting Requirements, Global Data-Sharing, in Reconciliation Package first appeared on BitcoinExchangeGuide. äàëüøå »
2021-8-31 17:05
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National-Security Officials Warns Against Aggressive Crypto Regulation in Infrastructure Bill
National-security officials are warning that the crypto provision in the $1 trillion bipartisan infrastructure bill proposal could push illicit cryptocurrency transactions into markets where the US government has no reach, reported the WSJ. äàëüøå »
2021-8-26 15:55
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Japan’s Financial Services Agency (FSA) Looks to Step Up Crypto Oversight: Report
Japan has always been seen as a shining light in the Asian market for crypto adoption, with favorable regulations and a pang of hunger for digital assets. However, recent events have caused many in the industry to rethink this stance, especially with the regulator now looking towards imposing stricter rules against companies in the space. äàëüøå »
2021-8-25 21:13
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US Treasury says Crypto Community’s Fear About Tax Provision in the Infrastructure Bill is Unwarranted
While the Treasury Department yet again tries to assuage the crypto community’s concerns, Jerry Brito of CoinCenter says there’s “little comfort” in it. The post US Treasury says Crypto Community’s Fear About Tax Provision in the Infrastructure Bill is Unwarranted first appeared on BitcoinExchangeGuide. äàëüøå »
2021-8-25 16:37
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Digital Assets “Not Regulated by the CFTC,” Even if They Are A Commodity: CFTC Commissioner
One of the Commissioners of Commodity Futures Trading Commission (CFTC), Dawn D. Stump, released a statement on Monday detailing the agency’s regulatory authority over digital assets. She said, “The CFTC’s regulatory oversight authority, as well as the application of our enforcement authority, must be well understood by the public. äàëüøå »
2021-8-24 17:33
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Brazil Needs to ‘Pay Attention’ to Crypto and ‘Reshape the World of Regulation’ says Central Bank President
Roberto Campos Neto, the president of Brazil’s central bank, said local regulations need to pay attention to the investors' need for cryptocurrencies. According to him, they are here to stay alongside instant payment solutions. äàëüøå »
2021-8-20 18:45
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Congressman Reintroduces Bipartisan Blockchain Regulatory Certainty Act to Redefine Money Transmitters
The redesigned bill aims to provide a “safe harbor” for developers and blockchain services providers in the wake of the infrastructure bill discussion. The post Congressman Reintroduces Bipartisan Blockchain Regulatory Certainty Act to Redefine Money Transmitters first appeared on BitcoinExchangeGuide. äàëüøå »
2021-8-18 16:44
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House Democrat Urges to Amend the “Problematic Broker Definition” in the Infrastructure Bill
River Financial CEO urges the US not to threaten the well-being of 46 million Americans owning Bitcoin by passing the bill. Amidst this, CFTC Commissioner Brian Quintenz clarified that Ether is a “non-security commodity” that comes under the purview of CFTC. äàëüøå »
2021-8-17 17:37
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US Treasury to Ease Crypto Concerns by Clarifying A ‘Broker’ Doesn’t Include Those Without Transaction Data: Report
The US Treasury Department is set to clarify what exactly entails “broker” for the purpose of reporting to the Internal Revenue Service after the crypto tax provision of the controversial $1 trillion bipartisan infrastructure bill was passed in its original form that overreaches to cover miners, developers, stakers, and validators to report information on clients […] The post US Treasury to Ease Crypto Concerns by Clarifying A ‘Broker’ Doesn’t Include Those Without Transaction Data: Report first appeared on BitcoinExchangeGuide. äàëüøå »
2021-8-14 16:44
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UK Police Seizes $22.25 Mln in Ether & Other Cryptos in a BSC-based Scam
“It's vital that we as a force adapt to what is an emerging type of crime, and demonstrate that there will be repercussions, regardless of the platform this fraudulent activity takes place on,” said Detective Chief Inspector Joe Harrop of Greater Manchester Police's Economic Crime Unit. äàëüøå »
2021-8-14 18:56
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Japan FSA Commissioner: Need to “Consider Carefully” to Make It Easier to Invest in Crypto
Japan’s Financial Services Agency Commissioner Junichi Nakajima is open-minded about the potential benefits of crypto assets but said they are currently being used primarily for speculation and investment and not as a means of transferring money. äàëüøå »
2021-8-10 19:02
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Final Voting Today; Compromised Crypto Amendment in Infrastructure Bill Rejected by A Single Senator
There is still time for Senator Richard Shelby to change his stance before the final voting on Tuesday, and if the original bill ultimately passes, it still has to clear the House, which can make changes in the bill where a whole new amendment can be pushed. äàëüøå »
2021-8-10 16:58
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It’s Not Over Yet! More Senators Come in Support as Crypto Continues to Fight Back
Over the weekend, the Senate voted 68-29 on the controversial bipartisan infrastructure bill to end the debate. However, the crypto community remains hopeful that the bill might get the amendment before the final vote on Tuesday. äàëüøå »
2021-8-10 16:11
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SEC Boasts of First Charge Against Fraud DeFi Project, Which Isn’t Really Decentralized
The US Securities and Exchange Commission (SEC) has charged the lender DeFi Money Market for raising $30 million through fraudulent offerings in what it says is the agency’s “first” one involving securities using DeFi technology. äàëüøå »
2021-8-7 19:39
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“Backdoor Bitcoin Ban?” Infrastructure Bill Creator Rob Portman Unveils Competing Amendment at the Last Moment
Senator Rob Portman’s amendment, which supports PoW chains but punishes those using PoS protocol, for now, has gained support from Mark Warner, Kyrsten Sinema, and most importantly, the White House. äàëüøå »
2021-8-7 16:22
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