Exchange Coinbase to end its operations in India amid regulatory challenges

In another turn of events in the cryptocurrency world, exchange Coinbase plans to suspend its trading offerings in India from 25 September. The firm emailed its Indian users about the development, citing regulatory challenges.

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Crypto Lender Nexo to Exit US Market Over ‘‘Unclear Regulations’’

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How to Stop Your Crypto Platform’s USP from Getting Lost in Translation

Despite all of the technological, regulatory, and financial challenges that crypto platforms face, one of the most difficult obstacles they must overcome is figuring out a way to explain their unique selling proposition (USP) to their audience.

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‘We need to learn what regulation works and what holds us back’ — Hedge fund exec

Jaime Baeza said that the fast-paced environment and regulatory uncertainty are some of the challenges institutions face in Web3.

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Despite Challenges, Nigerian Bitcoin Miners Are Poised To Profit

Nigeria is leading Africa in Bitcoin adoption, and miners there are overcoming regulatory and power grid challenges to find economic freedom.

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Bitcoin And Russia’s Regulatory Drive: Nothing To Cheer On

While some welcome proposed regulation in Russia, further examination unveils a panopticon framework that challenges the fundamentals of Bitcoin.

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Report: Biden administration may soon unveil an executive order on cryptocurrencies

The Biden administration is reportedly working on an executive order emphasizing potential economic, regulatory, and national security challenges that cryptocurrencies might pose in the future. The post Report: Biden administration may soon unveil an executive order on cryptocurrencies appeared first on CryptoSlate.

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FTX Releases Regulatory Proposal in Response to Hearing Convened By U.S. Congresswoman

Key executives are set to be in the hot-seat when Congresswoman Maxine Waters (D-CA) Chairman of the House Committee on Financial Services chairs a hearing entitled: Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States.

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Changpeng Zhao Says Binance Is 10x Bigger Than Its Closest Competition, Speaks On Regulatory Challenges

Binance CEO, Changpeng Zhao has revealed the inner workings of the world’s largest cryptocurrency exchange. He goes on to list some lesser-known milestones achieved by the exchange and the keys to its success.

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Norway joins Sweden in move to ban crypto mining

Norway is considering a crypto mining ban proposal put forth by two Swedish regulatory officials, Minister of Local Government Bjørn Arild Gram insinuated in an interview with Euronews. At the moment, the Nordic country is “considering potential policy measures” to address the “challenges related to crypto mining.

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There are over 100 million crypto owners in India, report finds

Despite facing regulatory challenges and volatility issues in India, crypto trading continues to forge its way ahead in terms of being one of the most popular investment options for Indians. The post There are over 100 million crypto owners in India, report finds appeared first on CryptoSlate.

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Paybis: Regulated exchange for trading and liquidity services

The proliferation of new platforms may appear to make transacting digital assets easy, however, many are plagued with a lack of liquidity, low downtime, regulatory challenges, and other porous security inadequacies.

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Facebook’s Diem Still Faces Challenges Despite Rebrand

Facebook’s foray into blockchain technology has hit a major stumbling block after clashing with regulatory authorities. The need to curb the growing influence of stablecoins and Facebook’s existing controversies are among the reasons for the slow pace of progress of the Diem project.

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South Korea exchanges Bithumb, CoinOne, Korbit join forces to de'CODE' regulations

Amid South Korea's growing regulatory woes, Bithumb, CoinOne, and Korbit, three of the nation's four largest cryptocurrency exchanges have joined hands to tackle these challenges. The companies, have The post South Korea exchanges Bithumb, CoinOne, Korbit join forces to de'CODE' regulations appeared first on AMBCrypto.

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Did Uniswap just yield to the 'evolving regulatory landscape'

Regulatory scrutiny is raining hard on DeFi as lawmakers slowly come to terms with the evolving space and its challenges. Uniswap Labs is the latest to bow to such scrutiny, with the project restrictiThe post Did Uniswap just yield to the 'evolving regulatory landscape' appeared first on AMBCrypto.

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Russia’s top bank considers cryptocurrency but mulls regulatory challenges

Tinkoff, the largest digital bank in Russia is considering offering cryptocurrency services. However, it says the only thing standing in its way is the stringent central bank policies on digital assets.

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GameStop tale exposes regulatory paternalism and DeFi’s true value

GameStop brings forward the prospect of a paradigm shift that challenges existing regulations: decentralization.

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The SEC Releases Compliance Notice on Future Crypto Regulations

As the traditional financial world begins its mainstream adoption of crypto assets, the process of legitimizing digital assets as financial products pose myriad of risks and regulatory challenges. Breaking Down the SEC’s Future Crypto Regulations Today, the U.

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Biggest Challenges Ahead for Crypto as Regulators Declare War on Privacy & Self-Custody

The start of the new quarter saw a slew of regulatory moves targeting the cryptocurrency space – “we've made the world stage,” which Fundstrat Global Advisors LLC believes is good for the overall crypto market because it’s just regulators “clearing up bad actors.

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European Countries Support EU Stablecoin Regulation

European countries are in favor of regulating fiat-backed cryptos, stablecoins. Spain, Italy, France, Germany, and the Netherlands backed the European Commission’s goal to regulate stablecoins. Until the regulatory, legal, and oversight challenges have been addressed, the five countries said on Friday that stablecoins should not be allowed to operate in the EU.

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Bitcoin Shines as Hedge Fund Manager Warns Gold Ownership Could Become Illegal

Opportunities for Bitcoin could grow as its top safe-haven rival Gold risks regulatory challenges. The U. S. Federal Reserve might impose a ban on private gold ownership to tackle inflation, according to hedge fund manager Crispin Odey.

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Top 5 Largest Mergers and acquisitions deals in the cryptocurrency industry

The cryptocurrency industry has undergone various changes in the past eleven years since its inception. Despite regular regulatory challenges, the industry is still going strong and setting new records every year.

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Marc Taverner Speaks on His New Role as European Blockchain Director

The EC’s new executive director of blockchain discussed regulatory challenges facing blockchain, his objectives for the region, and teenage son’s ambition to colonize Mars

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US Treasury Dept and Industry Leaders Met to Discuss The Challenges In Crypto Compliance

The US Treasury Department, along with important figures in the crypto industry, have met to discuss the regulatory challenges in the crypto space. On March 2nd, the Treasury made an announcement that it will be meeting with crypto experts and leaders in order to address the supervision and regulation of crypto assets. Steven Mnuchin, the […]

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Coinbase-backed TruStory Shuts Down, Returning $3M

TruStory, a blockchain project aimed at crowdsourcing productive debate, has announced today that it’s shutting down.   The CEO confirmed the news via a blog post on the company’s Medium channel, citing regulatory challenges and a lack of market readiness.

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Davos 2020: Awaited Regulations, Unexpected Enthusiasm, New Challenges

This year's WEF dealt with a number of regulatory problems affecting the global crypto arena

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Libra Lacks Clarity on ‘Opaque’ Currency Basket, Says Fed Reserve Governor

Federal Reserve governor Lael Brainard has warned that the Facebook-led Libra project faces stiff regulatory challenges and that there's a question mark over one of its core concepts.

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Facebook’s Active-User Network, A Third of Global Population, Sets Libra Apart From Others: Fed

The Governor Lael Brainard, of the US Federal Reserve on Wednesday stated Facebook’s digital currency project Libra faces a “core set of legal and regulatory challenges.” Social media giant’s stablecoin that is linked to fiat money and other sound assets to mitigate fluctuations in the price of cryptocurrencies like Bitcoin, remains unproven with a vague […]

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CryptoBridge Shuts Down Citing Stricter Regulatory Climate

CryptoBridge is the latest cryptocurrency exchange to shut down its business amid tightening government regulations and a shrinking altcoin market. Following on from the 2018 bear market, smaller crypto trading platforms are facing increasingly daunting challenges with many forced to cease operations.

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Robinhood Withdraws Bank Charter Application Due to Regulatory Challenges

Robinhood has withdrawn its bank charter application with the U.S. Office of the Comptroller of the Currency due to regulatory challenges

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Spend 10 Cryptocurrencies With These Debit Cards

Debit cards linked to crypto wallets have been a useful payment tool for users who want to be able to spend their cryptocurrencies almost anywhere. Offerings in the segment have been changing over time due to various reasons including regulatory challenges in different markets.

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Hong Kong records fewer crypto-funds getting licenses under SFC

With the crypto-market seeing many investors foray into the space over the past few years, accompanied by markets in the space going on to face more and more operational challenges due to regulatory uThe post Hong Kong records fewer crypto-funds getting licenses under SFC appeared first on AMBCrypto.

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Statizex ICO

We defined our development strategy based on empirically acquired knowledge and on the analysis of the work of existing platforms. We spent a lot of time, effort and money developing the statizex platform, faced many challenges and solved many technological issues during its creation, this allowed us to develop a trading platform that fully meets the modern market requirements and high modern technological standards of speed and safety.

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Bittrex Pulls Out of 31 Markets Citing Regulatory Uncertainty

Cryptocurrency exchange Bittrex is discontinuing operations in 31 countries, including Venezuela and Zimbabwe. The trading platform has justified its decision on the basis of the regulatory uncertainty in these jurisdictions.

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Ripple’s Breanne Madigan highlights the United States’ lack of regulatory clarity

Breanne Madigan, Head of the Global Institutional Markets Team at Ripple, recently discussed the various challenges faced by the blockchain and digital assets industry, while also addressing how to approach policy implications with regulators.

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OKEx: Redefining the Blockchain Industry

The cryptocurrency industry, as it stands today, is quite different from what it was a couple of years ago. At that time, the industry had its own sets of challenges which included, scams, hacking attacks, lack of recognition, transparency and regulatory frameworks.

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US Fed Reserve: Facebook’s ‘cryptocurrency’ dream faces core legal, regulatory challenges

The US Federal Reserve Governor Lael Brainard said yesterday that Facebook must overcome a “core of legal and regulatory challenges” before facilitating payments with its ‘cryptocurrency’ Libra.

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Moonday Mornings: Investigations into UK crypto businesses rise 74% in 1 year

Welcome, it’s time for Moonday Mornings. If you don’t know what it is, where have you been? It’s Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines. Take a look.

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FSB Chair: Stablecoins Can Make Legal Obstacles More Difficult

The chair of the Financial Stability Board, Randall Quarles, recently spoke about the rise in popularity stablecoins are having, including very prominent projects such as Libra. According to him, the future can have significant regulatory challenges because of these projects.

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Financial Stability Board: Stablecoins ‘May Pose Regulatory Challenges’

Stablecoins could pose “regulatory challenges,” says Randall Quarles, chair of the Financial Stability Board

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Visa, Mastercard and Other Major Libra Backers Want to Pull Out from the Deal

Coinspeaker Visa, Mastercard and Other Major Libra Backers Want to Pull Out from the DealFacebook's Libra is facing many regulatory challenges that have made institutional backers like MasterCard, Stripe, PayPal, and Visa lead several other potential partners in casting their doubts about the project.

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Revolut стал клиентом консалтинговой компании BearingPoint

Британский финтех-единорог Revolut стал клиентом консалтинговой компании BearingPoint. Revolut будет использовать решение Abacus360 Banking Regulatory для подготовки отчетов для Европейской банковской организации (EBA) и базы данных кредитных историй AnaCredit.

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Libra to Address Regulatory Challenges and Launch By End of 2020

Bertrand Perez, General Director of the Libra Association, told the French financial media Les Echos that the stablecoin project backed by Facebook would go live by the end of 2020. His comments come a day after French Finance Minister Bruno Le Maire pledged to stop Libra in Europe.

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Facebook Hires Lobbying Firm in the Face of Regulatory Uncertainty

In a bid to conquer the regulatory challenges and uncertainties surrounding Facebook’s yet-to-be-launched Libra cryptocurrency, the highly controversial social media giant has employed the services of Washington-based lobbying firm named FS Vector, reports O’Dwyer’s on August 26, 2019.

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Facebook hires lobbying firm to help sweet talk cryptocurrency regulators

Facebook‘s “cryptocurrency” Libra is facing an ever growing mountain of regulatory challenges. It seems it needs a helping hand, as it’s hired a specialist firm to lobby Washington directly. According to registration documents filed earlier this week, Facebook will be represented by Washington, DC-based FS Vector LLC, a firm that specializes in regulatory compliance and public policy.

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Regulatory Overview of Crypto Mining in Different Countries

Following a moratorium on crypto mining in Iran, Cointelegraph highlights the most popular cryptocurrency mining countries and the challenges they face from regulatory pressures

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Report: Retail Banks Still Wary of Blockchain Technology

While distributed ledger technology (DLT) is fast gaining traction in several sectors of the global economy including investment banking, remittance, payments, and others, a new report by McKinsey & Co has revealed that the retail banking ecosystem have been slower to integrate the technology due to regulatory challenges and other bottlenecks, reports Bloomberg on JuneRead MoreRead More.

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A Preview of Countries’ Crypto Regulatory Outlook Heading into the G20 Summit and What’s Next

The G-20 countries are gearing up for the upcoming G-20 summit, and the main aim of the upcoming event will be largely focused towards implementing unified crypto regulations set by intergovernmental organizations such as the Financial Action Task Force.

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Exclusive: Crypto Founder Lashes Out, Blames SEC for ‘Starving’ Innovation

“My name is David Siegel, I am a regulatory refugee from the United States. ” This is how David Siegel, founder of crypto projects Pillar and 20|30, starts his presentations. What challenges have you faced building projects within the blockchain industry? Siegel understands the need for innovation and disruption within economies, and he can get more done in the UK and Europe than he can in the US.

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