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FASB crypto accounting rules to exclude NFTs, some stablecoins – WSJ
The Financial Accounting Standards Board (FASB) will not include NFTs and some stablecoins in its crypto accounting review, The Wall Street Journal reported on August 31, citing sources. The post FASB crypto accounting rules to exclude NFTs, some stablecoins – WSJ appeared first on CryptoSlate. дальше »
2022-9-1 13:03 | |
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Michael Saylor joyous at FASB decision to review crypto accounting rules
The Chief Executive Officer of MicroStrategy and Bitcoin maximalist Michael Saylor has expressed excitement about the United States Financial Accounting Standards Board (FASB) decision to review rules for crypto. дальше »
2022-5-12 15:45 | |
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Sent BEP20 To ERC20 Address (on TrustWallet, MetaMask)? How To Recover The Funds?
WHAT ARE BEP20 AND ERC20 TOKENS? These connotations denote token standards on which a particular cryptocurrency is based. They are like blueprints that explain how a token is used, who can spend it, and other rules that influence its function and overall usage. дальше »
2022-4-11 13:44 | |
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Arsenal Crypto Fan Token Violated Rules Says UK Advertising Watchdog
The United Kingdom's Advertising Standards Authority has said that the English football club Arsenal has broken advertising rules. The violations have to do with a post on the club’s official website and Meta page. дальше »
2021-12-22 13:16 | |
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Japanese Regulator Aims to Implement FATF Rules Toward Crypto Companies in 2022
Japan’s Financial Services Agency (FSA) has revealed that the regulating body will adopt the Financial Action Task Force (FATF) “travel rule” and standards toward the cryptocurrency industry throughout the nation. дальше »
2021-4-4 02:00 | |
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New FATF Guidance Applies Regulatory Standards to Decentralized Exchanges, Defi and NFTs
On March 19, the Financial Action Task Force (FATF) published draft guidance on the risk-based approach to virtual assets. The newly updated guidance now applies anti-money laundering and know-your-customer rules to stablecoins, decentralized finance (defi), and non-fungible token (NFT) assets. дальше »
2021-3-24 17:30 | |
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China Adopts Security Standards for Blockchain Applications in the Financial Sector
Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers operating in the industry. дальше »
2020-2-26 08:45 | |
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G20 Wants Tougher Rules for Cryptocurrencies; Urging Members To Adopt FATF Standards
G20 central bankers and finance ministers want to push for a wider adoption when it comes to the standards compelling crypto exchanges to disclose information about users. After a weekend summit in Riyadh, the Saudi Arabian capital, G20 members of financial institutions said countries haven’t aligned themselves with the international and intergovernmental standards imposed by […] дальше »
2020-2-25 21:46 | |
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Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions
Famous for its favorable business climate that has attracted hundreds of crypto companies, Switzerland is now expanding its financial regulatory framework. Some of the upcoming rules will increase oversight in the blockchain industry in compliance with new international standards regarding operations with digital assets. дальше »
2020-2-8 07:45 | |
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Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. дальше »
2019-12-19 01:45 | |
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Cryptocurrency Regulations: The Good, The Bad And the Future
In June 2019, the Financial Action Task Force (FATF), an inter-governmental agency created to address and reduce international money laundering, terrorist financing, and other financial threats, released new guidelines for international banks. дальше »
2019-8-12 17:19 | |
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Canada Updates AML Rules, Sets New Standards For Crypto Exchanges
In a set of anti-money-laundering amendments finalized late last month, the Canadian government will now classify both domestic and foreign crypto exchanges as money servicing businesses, meaning they must register with the Financial Transactions and Reports Analysis Centre of Canada to conduct business. дальше »
2019-7-12 19:04 | |
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AICPA to Update Auditing Rules to Reflect Blockchain and New Technologies
The Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA), has announced plans to update the existing auditing standards to reflect the impact of new technologies such as distributed ledger technology (DLT), robotic process automation (RPA), artificial intelligence (AI) and others on the rapidly evolving technical audit industry, according to aRead MoreRead More. дальше »
2019-6-26 05:00 | |
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FATF Releases Global Standards for Crypto Assets
The Financial Action Task Force adopted its new rules on crypto assets and published its updated Guidance on Virtual Assets and Virtual Asset Service Providers Friday. Under these new measures, crypto service providers will be required to implement the same requirements as traditional financial institutions. дальше »
2019-6-22 08:57 | |
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International Accounting Standards Board believes Bitcoin will be gone within five years
The FASB and IASB, the two main rule-setting bodies for accounting standards worldwide, cited “lack of usage” as the main reason for not clarifying cryptocurrency accounting treatments. So far, onerous accounting standards have hindered Bitcoin and cryptocurrency adoption. дальше »
2019-6-11 12:38 | |
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Breaking: FASB Says No Crypto Rules Needed As It Expects Cryptocurrencies To Be Gone in 5 Years
The Financial Accounting Standards Board (FASB), a standard-setting body that sets out to establish generally accepted accounting principles within… The post Breaking: FASB Says No Crypto Rules Needed As It Expects Cryptocurrencies To Be Gone in 5 Years appeared first on Invest In Blockchain. дальше »
2019-6-6 16:41 | |
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Australian Government Publishes Update on Cryptocurrency and ICO Rules
The Australian Securities and Investments Commission (ASIC) has published an update on how it intends to regulate crypto-related businesses and initial coin offerings (ICOs). дальше »
2019-6-1 19:04 | |
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Bitcoin SV’s Delisting Isn’t ‘Censorship.’ But It’s Still a Problem
The controversy over delisting bitcoin SV shows why crypto exchanges need more consistent standards and rules. дальше »
2019-4-22 11:00 | |
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Japan Introduces Stricter Regulation for Crypto Margin Trading
Japanese regulators have reportedly approved draft amendments to the country's financial instruments and payment services laws, introducing stricter regulations for margin trading of digital assets. дальше »
2019-3-21 21:27 | |
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European Banking Regulators Call for Unity in Crypto Regulations
Last week, two of the largest banking regulators within the European Union released reports calling for uniformity in the regulations of crypto assets and Initial Coin offerings (ICOs) across the continent. дальше »
2019-1-16 01:54 | |
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This Year's G20 Put an Emphasis on Cryptocurrency Regulation
Global leaders walked away from the latest G20 Summit with a rough game plan for crypto regulation. This year’s G20 Summit took place in Buenos Aires, Argentina, from November 30 to December 1. дальше »
2018-12-4 23:44 | |
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Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto
For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront. дальше »
2018-12-3 19:20 | |
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“Guidance by Enforcement”: How the SEC Is Slowly Shaping ICO Regulation
On November 27, 2018, a California judge turned back the SEC’s request for an injunction against token company BlockVest, a company the U. S. Securities and Exchange Commission (SEC) is pursuing for allegedly conducting an unregistered securities offering. дальше »
2018-12-1 22:36 | |
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Crypto Companies Launch Self-Regulatory Body
While some call for regulatory clarity, a group of leading companies have taken it upon themselves to set the bar for the nascent cryptocurrency industry. The Association for Digital Asset Markets, or ADAM, was launched today by ten leading financiers of the crypto-space, in order to establish comprehensive industry standards and market rules. дальше »
2018-11-29 00:06 | |
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Hong Kong Regulation Set to Benefit Custody Company InVault
Cryptocurrency custody services company InVault, from Shanghai, has launched in Hong Kong just in time to take advantage of the special administrative region’s new rules for cryptocurrency exchanges and asset managers. дальше »
2018-11-25 23:00 | |
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Korean Crypto Exchange Earns Key Government Cybersecurity Certification
South Korean cryptocurrency exchange GOPAX has become the first blockchain company to attain K-ISMS certification, the official standard in Korea for information security management systems. дальше »
2018-10-30 23:51 | |
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Cryptocurrency Anti-Money Laundering Regulations by International Financial Task Force Imminent
The Financial Action Task Force announced plans to set forth rules regulating cryptocurrency in line with its global AML/CFT standards. This move is geared towards eradicating the use of digital currencies for money laundering and financing terrorism. дальше »
2018-10-19 23:04 | |
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Crypto Cybercrime Has Tripled Since 2017; Nearly $1 Billion Lost in 2018
Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018. дальше »
2018-10-13 23:34 | |
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Major Crypto Exchanges Collaborate to Create Self-Regulatory Organization
Four major cryptocurrency exchanges are teaming up develop a self-regulatory organization (SRO) that would work cohesively to develop rules, regulations, and to set new regulatory standards for the cryptocurrency and blockchain industry. дальше »
2018-8-20 21:00 | |
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Philippines SEC to implement its proposed ICO rules and regulations soon
On 2nd August, the Market and Securities Regulation Department of the Philippines framed rules on the ICO according to the standards of SEC and international practices. SEC Notice These rules have now been termed as “Rules and Regulations Governing Initial Coin Offering (ICOs)”. дальше »
2018-8-4 21:57 | |
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Island of Jersey Welcomes Cryptocurrency With Minimum ICO Standards
Island of Jersey Welcomes Cryptocurrency With Minimum Standards That ICOs Must Follow The UK has been working to integrate cryptocurrency in phases, and the island of Jersey seems to be the most willing to adapt. дальше »
2018-8-2 01:44 | |
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The Daily: Minsk Mulls Rules for Exchanges, Qiwi Awards Employees with Tokens
In today’s Bitcoin in Brief, Belarus, which legalized crypto activities this spring, is now turning its attention to adopting standards for companies operating crypto exchanges and issuing tokens. дальше »
2018-7-20 14:55 | |
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Blockchain Auditing and the Industry’s "Knowledge Gap"
The advent of smart contracts has long drawn interest for its potential to revolutionize business agreements. There’s just one problem, and it’s one that has affected many spheres of the cryptocurrency space: a knowledge gap. дальше »
2018-7-13 19:12 | |
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