Bitcoin Regulation

New EU Directive Sets Stricter Transparency Rules for Digital Currencies

1 week ago admin2 0
The EU Fifth Anti-Money Laundering Directive came into force yesterday, July 9, Cointelegraph auf Deutsch reports July 10. Measures within the directive will set a new legal framework for European financial watchdogs to regulate digital currencies in order to protect against money laundering and terrorist financing. As the EU Commission wrote in an accompanying press Read More

South Korea to Loosen Crypto Rules in Cooperation With G20 Directive

2 weeks ago admin2 0
Advertisement South Korea, a country that has banned ICOs, plans to loosen restrictions on cryptocurrencies based on efforts by G20 to create uniform regulations, according to The Korea Times. The G20 meeting established a July deadline for taking a first step on “unified regulations.” The recent announcement from South Korea is part of a loosening Read More

Bermuda to Create New Class of Bank for Serving Fintech and Blockchain Companies

2 weeks ago admin2 Comments Off on Bermuda to Create New Class of Bank for Serving Fintech and Blockchain Companies
The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations, Finextra reported July 2. Since local banks have reportedly declined to provide banking services to the new type of companies, being concerned about Read More

Controversial Tezos Project Announces Launch of ‘Betanet’

2 weeks ago admin2 Comments Off on Controversial Tezos Project Announces Launch of ‘Betanet’
The Tezos Foundation has launched its beta network, calling the move an “inflection point” for the project, according to an official statement June 30. According to Tezos’ statement, the team has proposed the genesis block of their so-called ‘betanet,’ and transactions can be processed on the network. The Tezos team also stated that users can Read More

Almost 9 out of 10 Crypto Execs Want ‘Formalized’ Industry Self-Regulation: Research

3 weeks ago admin2 Comments Off on Almost 9 out of 10 Crypto Execs Want ‘Formalized’ Industry Self-Regulation: Research
Eighty-six percent of cryptocurrency firms’ executives and investors want the industry to self-regulate, new research published this week reveals. Part of the 2018 Cryptocurrency Survey by international law firm Foley & Lardner LLP, the majority of respondents also tipped Bitcoin to become the cryptocurrency of choice for transactions in the long term. The firm questioned Read More

US: Florida to Create Position of Crypto Chief to Oversee Industry

3 weeks ago admin2 Comments Off on US: Florida to Create Position of Crypto Chief to Oversee Industry
Florida Chief Financial Officer (CFO) Jimmy Patronis has released plans to create a new position of cryptocurrency chief to oversee the industry in the state, according to an announcement published June 26. Patronis, who also serves as State Fire Marshal and supervises the Department of Financial Services, ordered his office to create a position that Read More

Ukrainian Authorities Are Not Planning to Regulate Crypto Mining

3 weeks ago admin2 Comments Off on Ukrainian Authorities Are Not Planning to Regulate Crypto Mining
The State Service for Special Communication and Information Protection of Ukraine has said that it is not planning to regulate cryptocurrency mining, news portal cryptorussia.ru reported June 25. In response to an official request for information by the Better Regulation Delivery Office’s (BRDO), the representatives of the regulatory authority reportedly said that they have no Read More

CNBC’s Brian Kelly: Current Bear Trend ‘By No Means’ Funeral for Bitcoin

3 weeks ago admin2 Comments Off on CNBC’s Brian Kelly: Current Bear Trend ‘By No Means’ Funeral for Bitcoin
The current bear market is not a funeral for Bitcoin (BTC) “whatsoever,” CEO of BKCM LLC investment firm Brian Kelly said on CNBC’s Fast Money segment June 22. We tried to have a funeral for #Bitcoin as it fell below $6K, but @BKBrianKelly is still a believer. Here’s why he thinks the cryptocurrency will resurrect Read More

Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts

4 weeks ago admin2 Comments Off on Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts
The co-founder of Irish Bitcoin (BTC) broker Eircoin accused the Banking and Payments Federation of Ireland (BPFI) of discriminating against crypto-related accounts, The Irish Times reports June 21. Dave Fleming blamed the BPFI for, “seeking to muddy the waters with insinuations of dirty money.” Eircoin, which is reportedly “Ireland’s only Bitcoin broker,” was closed in Read More

Bloomberg: Crypto, Fiat Trading App Robinhood ‘in Talks’ to Obtain US Banking Licence

4 weeks ago admin2 Comments Off on Bloomberg: Crypto, Fiat Trading App Robinhood ‘in Talks’ to Obtain US Banking Licence
Stock and crypto trading app Robinhood plans to offer banking services to its 4 mln users, Bloomberg reported June 20, citing anonymous sources. Robinhood, which in February began allowing zero-fee cryptocurrency trading through its Robinhood Crypto tool, is currently in “constructive” talks with the U.S. Office of the Comptroller of the Currency (OCC) to position Read More