Legal & Regulation / Çàãîëîâêè íîâîñòåé 
CFTC Wants A Piece of Crypto Too, But More Concerned About DeFi
CFTC is reminding the SEC that it is them who has authority over crypto-assets, while Senator Elizabeth Warren is urging for more crypto oversight to avoid possible systemic risks before it gets even bigger. äàëüøå »
2021-8-5 16:43
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Infrastructure Bill Amendment Calls for A Level Playing Field with TradeFi, Without Penalizing Crypto
Senator Cynthia Lummis (R- Wyo), Ron Wyden (D-Ore), and Pat Toomey (R-Pa) are behind the amendment proposal that integrates crypto into the financial system and protects American innovation while ensuring taxes are paid. äàëüøå »
2021-8-5 16:01
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SEC Chair Gary Gensler Makes a Power Grab But It was Expected and Will Aid in DeFi Expansion & Bitcoin ETF Approval
Crypto supporter SEC Commissioner Hester Peirce countered Gary Gensler, saying the existing securities laws don't work well for certain aspects of crypto. It was “people's freedom to interact using new technology” that has produced the innovation. äàëüøå »
2021-8-5 15:33
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German Bank to Issue Blockchain Listed Shares, Financial Regulator Approves the Securities Prospectus
German-based WEG Bank AG announced on Tuesday that it had a breakthrough in equity tokenization. And with this, it has become the first company to put all of its shares on the blockchain, as per the company’s announcement. äàëüøå »
2021-8-3 18:49
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Joint Committee on Taxation Estimates $28 Billion from Crypto Taxes to Fund its Infrastructure Plan
The Joint Committee on Taxation estimates to raise $28 billion over a decade to fund its infrastructure plan by strengthening tax enforcement on the cryptocurrency industry. This will be used to offset the package’s $550 billion in new spending for roads, highways, bridges, and other infrastructure projects. äàëüøå »
2021-8-3 17:14
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Monetary Authority of Singapore (MAS) Grants its First Approval to A Crypto Exchange
Cryptocurrency exchange Independent Reserve has been granted an “in-principle approval” under the Payment Services Act by the Monetary Authority of Singapore (MAS). Under this license, the 2013-founded Independent Reserve is allowed to operate as a regulated provider for Digital Payment Token services. äàëüøå »
2021-8-3 16:42
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Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen. Rob Portman, Who is Behind the Legislation
Meanwhile, senators Pat Toomey and Ron Wyden are calling to “fix” crypto tax provision in the bipartisan infrastructure bill. The post Developers and Miners ‘Not’ Forced to Comply, says Spokesperson of Sen. äàëüøå »
2021-8-3 16:14
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Infrastructure Bill Gets a Revision, But the Final Text Is Still ‘Bad’ and Now ‘Vague’ Too
Ron Wyden (D-Oregon) also came in support of the crypto community by voicing his concerns about the bill, saying it “fails to understand how the technology works.” The post Infrastructure Bill Gets a Revision, But the Final Text Is Still ‘Bad’ and Now ‘Vague’ Too first appeared on BitcoinExchangeGuide. äàëüøå »
2021-8-2 15:40
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PBOC to Maintain High Regulatory Pressure on Crypto Trading for the Rest of 2021
China's central bank held a meeting to discuss work priorities for the second half of the year. It vowed to continue to put high regulatory pressure on virtual currency trading in the second half of the year. äàëüøå »
2021-8-1 18:31
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It’s Not About Taxes, Congress is Coming After the Entire US Crypto Industry
The unreleased infrastructure bill is the talk of the crypto town, and for a good reason, as it aims to generate $28 billion in tax revenue from the current $1. 67 trillion cryptocurrency industry to help fund the nearly $1 trillion bill. äàëüøå »
2021-8-1 17:30
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Rep. Tedd Budd: Some Lawmakers Worry Crypto Could Cause ‘Financial 9/11’
US officials have been more concerned about cryptocurrencies, especially stablecoins, in recent weeks. According to an official of the US House of Representatives, Ted Budd, some legislators are now worried that cryptocurrencies could threaten national security. äàëüøå »
2021-7-30 16:42
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US Lawmakers See All the “Flashing Warning Signs” of Cryptocurrency Putting USD at Risk
Shadowy, faceless groups of super coders and miners have replaced giant banks, they say. The post US Lawmakers See All the “Flashing Warning Signs” of Cryptocurrency Putting USD at Risk first appeared on BitcoinExchangeGuide. äàëüøå »
2021-7-29 16:37
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South Korea Proposing Revision of Tax Code to Allow the Confiscation of Crypto Assets of Tax Dodgers
South Korea is now considering tightening its crackdown on tax evasion by cryptocurrency investors and high-income earners, said the finance ministry on Monday. The government is proposing to revise tax codes that will allow tax authorities to seize tax dodgers’ crypto assets even if they are held in digital wallets, starting next year. äàëüøå »
2021-7-26 17:27
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FCA’s Crackdown Hits Another One After Binance, Which Has ‘Not’ Seen Institutional Activity Slowdown
Rather, this continued interest from institutional investors is coming not only from crypto native firms but also from traditional finance institutions. Meanwhile, in the US, DeFi is on regulators' radar where with no intermediary, the question is, “who do we put this on?” The post FCA’s Crackdown Hits Another One After Binance, Which Has ‘Not’ Seen Institutional Activity Slowdown first appeared on BitcoinExchangeGuide. äàëüøå »
2021-7-26 17:07
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Stock Tokens, Even on Decentralized Platforms, Must Adhere to Securities Laws: SEC Chair
The US Securities and Exchange Commission (SEC) is renewing its efforts to impose “long overdue” rules for the registration and regulation of security-based swap execution facilities, including tokenized stocks, said Chair Gary Gensler on Wednesday. äàëüøå »
2021-7-23 17:35
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Ethereum Developer Virgil Griffith Remanded In Custody For Violating Bail Terms By Accessing Coinbase Wallet
Ethereum developer Virgil Griffith has been remanded in custody. He's said to have reportedly violated the terms of his bail, per reports from Inner City Press. Griffith was granted bail in December 2019. äàëüøå »
2021-7-22 22:22
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Non-Custodial Crypto Wallets Not Covered by Proposed Prohibition, Clarifies European Commission
On Tuesday, besides prohibiting anonymous crypto transactions, the EU’s executive arm also added anonymous crypto asset wallets to its prohibition list, requiring the full application of AML/CFT rules to ensure complete traceability. äàëüøå »
2021-7-22 19:01
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Treasury Secretary Urges Regulators to ‘Act Quickly’ in Drafting Stablecoin Rules
Jeremy Allaire, co-founder & CEO of Circle, the issuer of USDC stablecoin, called this meeting an “extraordinary and positive” movement as “It's a sign of how far we've come and how fast this is all happening. äàëüøå »
2021-7-21 21:39
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Applying Travel Rule to Crypto, EU Proposes Prohibition of Anonymous Cryptocurrency Transactions and Wallets
The European Union says ensuring “full traceability of crypto-asset transfers” would help the crypto-asset industry develop in the region “as it will benefit from an updated, harmonised legal framework across the EU. äàëüøå »
2021-7-20 19:53
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Treasury Secretary Janet Yellen Summons Regulators to ‘Discuss Stablecoins’ on Monday
Treasury Secretary Janet Yellen announced her plans this week to convene the President’s Working Group (PWG) on Financial Markets in order to discuss the interagency work on stablecoins that will take place on July 19. äàëüøå »
2021-7-19 04:41
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US Rep, Tom Emmer, Reintroduces Bill Aimed At Defining Cryptocurrencies Under Securities Act
The United States Representative Tom Emmer has again introduced a bipartisan bill called the Securities Clarity Act. The bill is aimed at defining how federal regulators treat digital assets under securities laws. äàëüøå »
2021-7-17 19:29
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US Department of State’s Rewards for Justice (RFJ) Program Now Pays in Crypto for the First Time
The US Department of State’s Rewards for Justice (RFJ) program announced this week that the reward payments now also include cryptocurrency for the first time. The program, administered by the Diplomatic Security Service, is offering a reward of up to $10 million for information on cybercriminals “acting at the direction or under the control of […] The post US Department of State’s Rewards for Justice (RFJ) Program Now Pays in Crypto for the First Time first appeared on BitcoinExchangeGuide. äàëüøå »
2021-7-17 18:49
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BoE says Institutions Are Not A ‘Large Part’ of the Crypto Space to Warrant Action
But the central bank is keeping a careful watch because crypto is a “fast changing landscape.” The post BoE says Institutions Are Not A ‘Large Part’ of the Crypto Space to Warrant Action first appeared on BitcoinExchangeGuide. äàëüøå »
2021-7-15 16:44
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SEC Sues 3 for Insider Trading Over Long Island Tea’s “Blockchain” Rebranding During 2017 Bull Run
The US Securities and Exchange Commission (SEC) has sued three individuals involved in the inside trading of Long Island Tea Corp. , which enjoyed a surge in its stock prices after it rebranded to Long Blockchain Corp. äàëüøå »
2021-7-12 16:24
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The European Union (EU) Introduces New Agency To Monitor Crypto And Curb Money Laundering
The EU is stepping up its anti-money laundering (AML) game and crypto monitoring with the introduction of a new agency. European Commission Proposes New Anti Money Laundering Regulator Documents seen by Reuters confirmed that the EU bloc is taking a tougher stand on money laundering, terrorist financing, and organized crime. äàëüøå »
2021-7-9 19:39
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Spain Approves Anti-Tax Fraud Law Demanding Disclosure of Crypto Holdings
Spain’s legislature has passed an anti-fraud law that mandates the disclosure of cryptocurrencies held abroad, according to local reports. However, the EU is expected to present its resolution on the issue on July 14th, which could challenge the new law’s implementation. äàëüøå »
2021-7-9 18:56
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Bank of Thailand Warns Against Using Digital Assets as Payment for Goods and Services
The central bank of Thailand is currently busy with the development of a CBDC and is focused on forming policy guidelines to regulate stablecoins for more reliable digital payment channels. The post Bank of Thailand Warns Against Using Digital Assets as Payment for Goods and Services first appeared on BitcoinExchangeGuide. äàëüøå »
2021-7-9 17:17
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PBOC Issues a Warning Against Providing Advertising and Marketing Services to Crypto Businesses
The Central Bank of China canceled a Beijing company that provides software services for virtual currency transactions and closed its website as no institution may provide services to companies dealing with cryptocurrencies. äàëüøå »
2021-7-6 21:04
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MAS Head says Central Banks and Regulators “Should Welcome” Decentralized Finance
While the future of money shouldn’t be “left entirely to central bankers,” Ravi Menon warns not to discount the possibility of crypto whose widespread use could “lead to an erosion of the nation state’s monetary sovereignty. äàëüøå »
2021-7-2 20:15
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“America on FIRE”: Congressional Crypto Hearing Focused on the Market Frenzy
Cryptocurrencies were once again the focus of the hearing of a subcommittee of the House Financial Services Committee on June 30. Right from the get-go, Congress was pretty clear on their bais with the hearing titled “America on ‘FIRE': Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?” Instead of […] The post “America on FIRE”: Congressional Crypto Hearing Focused on the Market Frenzy first appeared on BitcoinExchangeGuide. äàëüøå »
2021-7-2 20:54
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Extreme Right-Wing Groups Using Virtual Assets and Stablecoins to Move Funds: FATF Report
The Financial Action Task Force (FATF) released a report called “Ethnically or Racially Motivated Terrorism Financing” that talks about the use of cryptocurrencies by terrorists to move funds. The global anti-money laundering watchdog said few countries had designated extreme right-wing groups (ERW) or individuals as terrorists who appear to be becoming more adept at disguising […] The post Extreme Right-Wing Groups Using Virtual Assets and Stablecoins to Move Funds: FATF Report first appeared on BitcoinExchangeGuide. äàëüøå »
2021-7-2 19:45
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Bank Of France Governor Wants Europe To Regulate Crypto Now
The Bank of France governor Francois Villeroy de Galhau has called on the European Union to create a regulatory framework for cryptocurrencies. According to him, if Europe does not make crypto regulation a priority, there could be dire consequences for the monetary sovereignty of states. äàëüøå »
2021-6-30 18:46
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“More Rigid Policies Are Yet To Come,” Says Chinese Media While Beijing Subway Runs e-CNY Test
The Chinese media group Caixin Global published an editorial this week with the title, “It’s Time to Declare War on Cryptocurrency.” The editorial talks about how no other country than China has been more determined to “put an end to speculative trading of digital currencies” as the People’s Bank of China (PBOC) instructed several financial […] The post “More Rigid Policies Are Yet To Come,” Says Chinese Media While Beijing Subway Runs e-CNY Test first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-30 16:38
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French Court Upholds BTC-e Operator’s 5-Year Prison Term But Exempted from 100k Euro Fine
Alexander Vinnik, an alleged operator of the now-defunct cryptocurrency exchange in the EU BTC-e, will be facing jail time. His five-year prison term was upheld by the Court of Appeal of Paris on Thursday, according to a TASS report. äàëüøå »
2021-6-29 21:32
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US House of Representatives Passes Bipartisan Crypto Bill For The Second Time
The United States House of Representatives has passed a bipartisan bill that proposes the study of the use of blockchain technology and digital tokens. Within a week of introduction, the bill passed the 117th Congress with a resounding 325 votes in favor of, and 103 votes against. äàëüøå »
2021-6-24 19:10
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Iranian Authorities Raid Illegal Cryptocurrency Farm, Seize 7,000 Bitcoin Mining Machines
More than 7,000 mining machines have been confiscated by the Iranian authorities at an illegal crypto mining farm operating in the country's capital, Tehran. Iran’s Crackdown On Crypto Miners According to a report by Iranian state media, the Islamic Republic News Agency (IRNA), the raid is part of efforts aimed at stopping illegal crypto mining […] The post Iranian Authorities Raid Illegal Cryptocurrency Farm, Seize 7,000 Bitcoin Mining Machines first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-23 18:15
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Crypto Firms Have Paid U.S Regulators $2.5B in Fines So Far: Elliptic Report
Regulators in the US have handed out fines totaling $2. 5 billion in enforcement actions against various crypto projects since Bitcoin's birth in 2009. This is according to a new report from Elliptic titled Sanctions Compliance in Cryptocurrencies. äàëüøå »
2021-6-22 18:04
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Canadian Regulator Takes Action Against Bybit Over Alleged Violations Of Securities Law
The Ontario Securities Commission is pursuing a regulatory action against Bybit Fintech Ltd, a company incorporated in the British Virgin Islands, that operates a cryptocurrency platform in the country. äàëüøå »
2021-6-22 17:39
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PBoC Talks Crypto ‘Hype’ with Banks and Institutions & Prohibits Use of Their Services
They will also increase the investigation and monitoring of customers, including exchanges and OTC dealers and capital transactions, and will take immediate action against those still involved because crypto trading “disrupt normal economic and financial order” and “infringe people's property safety. äàëüøå »
2021-6-22 17:02
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“This One is on Mark Cuban,” says CT as He Calls for DeFi Regulation After Getting Rug Pulled on His Promoted Project
Billionaire investor Mark Cuban calls for the regulation of the cryptocurrency sector after the debacle with the algorithmic stablecoin Iron Finance. As we reported, the TITAN token of Iron Finance lost 100% of its value going from $60 to $0 after users started cashing out, sending the prices crashing. äàëüøå »
2021-6-18 18:12
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US Lawmakers To Form Committee To Address Regulatory Concerns Around Crypto
Lawmakers in the United States are looking into developing regulatory frameworks for cryptocurrencies like Bitcoin and Ethereum. The US Rep and chairwoman of the House Financial Services, Maxine Waters, revealed her intentions to create a working group with Democratic House members to tackle growing concerns on cryptocurrencies Waters Pushes for More Crypto Oversight Waters made […] The post US Lawmakers To Form Committee To Address Regulatory Concerns Around Crypto first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-17 19:46
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SEC’s 2021 Regulatory Agenda Does Not Include Bitcoin or Crypto
With cryptos like Bitcoin deemed not securities, they fall out of the SEC’s jurisdiction, and the agency has no legal authority to regulate the crypto space while continuing to postpone the decision on Bitcoin ETFs. äàëüøå »
2021-6-16 20:20
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The Head of Italy’s Stock Market Watchdog Concerned About ‘Savings,’ Calls for ‘Proper Oversight’ of Crypto
Italy's Companies and Exchange Commission President Paolo Savona is urging the government for clear regulation as the lack of it can damage the way the market operates, he said. Like other officials, Savona is also calling for more regulation, arguing cryptocurrencies could facilitate illegal activity such as tax evasion, money laundering, and the financing of […] The post The Head of Italy’s Stock Market Watchdog Concerned About ‘Savings,’ Calls for ‘Proper Oversight’ of Crypto first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-14 17:39
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South Africa’s Financial Watchdog to Regulate Crypto Assets in ‘A Phased and Structured Manner’
South Africa is ready to set crypto asset controls to curb the growing cases of fraud and scams and improve the management of cross-border flows. According to a statement by the Intergovernmental Fintech Working Group (IFWG) and the Financial Sector Conduct Authority (FSCA), the nation will start regulating cryptocurrencies with a “structured approach. äàëüøå »
2021-6-13 17:16
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Texas Banking Department says Chartered Banks are Allowed to Provide Virtual Currency Custody Services
“Texas leads the way,” said Texas Blockchain Council as it noted that the Texas Department of Banking has issued a notice saying that chartered banks in the state may provide customers with virtual currency custody services, as long as they have adequate protocols in place to effectively manage risks. äàëüøå »
2021-6-12 18:08
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Iran’s President Wants to Legalize Bitcoin ‘As Soon as Possible’
Iranian President Hassan Rouhani is calling for the establishment of a legal framework for cryptocurrencies that will help discourage unauthorized crypto businesses. While speaking at the government’s Economic Coordination Board on Tuesday, where Rouhani talked about prices of essential consumer goods, he also made remarks about crypto and warned consumers of their risks. äàëüøå »
2021-6-11 16:44
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India Reverses Crypto Stance, Considers Classifying Bitcoin As An Asset Class: Report
After years of India's hostile stance towards cryptocurrencies, the country is reportedly looking to classify Bitcoin as an asset class. India's Financial Regulator SEBI To Oversee Crypto Sector According to reports by The New Indian Press, the government has decided to skip its plans to ban cryptocurrencies and consider Bitcoin's classification as an asset class. äàëüøå »
2021-6-11 20:30
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IRS Urges Congress To Enforce Stricter Crypto Compliance, Addresses Tax Evasion
The U. S Internal Revenue Service (IRS) is bent on taking steps to crack down on cryptocurrency markets and transactions as it called out lawmakers to address tax evasion. IRS Wants $32M in Funding To Pursue Tax Evasion The IRS also requires funding to the tune of $32 million to pursue cryptocurrency tax evasion. äàëüøå »
2021-6-9 23:11
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Iranian President Cautions Against ‘Unprofessional Entry’ Into The Crypto Space
Crypto regulation seems to be gaining traction across the globe. The latest is the Middle East nation Iran whose president has called for close monitoring of the burgeoning industry. Crypto Regulation Needed As Soon As Possible Iranian President Dr. äàëüøå »
2021-6-9 22:09
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US Senate Adds Distributed Ledger Technology to Its Endless Frontier Bill
The United States is planning to revive its research institutions to remain the go-to destination for cutting-edge technology. Senate Creates New Tech Directorate The US Senate has created a new technology directorate called the Directorate for Technology and Innovation under the canopy of the National Science Foundation through a majority bill supported by both factions […] The post US Senate Adds Distributed Ledger Technology to Its Endless Frontier Bill first appeared on BitcoinExchangeGuide. äàëüøå »
2021-6-9 18:23
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