Government

Estonia Rolls Back Its Plan to Issue National Digital Currency

3 months ago admin2 Comments Off on Estonia Rolls Back Its Plan to Issue National Digital Currency
Estonia rolled back its plan to establish a national cryptocurrency Estcoin following criticism from the President of the European Central Bank, Mario Draghi, and local banking authorities, Bloomberg reported June 1. The managing director of the Estonian e-residency program, Kaspar Korjus, proposed the development and issuance of Estcoin in August last year. Along with becoming Read More

SEC Obtains Court Order Against ICO Defrauding Investors of Millions

3 months ago admin2 Comments Off on SEC Obtains Court Order Against ICO Defrauding Investors of Millions
The US Securities and Exchange Commission (SEC) has obtained a courter order to halt the activities of an initial coin offering (ICO) that defrauded investors, the SEC announced May 29. According to the SEC press release, Titanium Blockchain Infrastructure Services Inc. has raised $21 mln from investors both in and outside the US. A complaint Read More

Shenzhen Gov’t Partners With Tencent to Fight Tax Fraud With Blockchain

3 months ago admin2 Comments Off on Shenzhen Gov’t Partners With Tencent to Fight Tax Fraud With Blockchain
The Shenzhen Municipal Office of the State Administration of Taxation has partnered with technology firm Tencent, according to an official announcement May 25. The partnership aims to establish an “Intelligent Tax” Innovation Laboratory focused on tax management modernization and fighting tax fraud with blockchain technology. On May 24th, the Chinese regulator and Tencent signed an Read More

Fundstrat’s Lee Admits Poor Prediction of Bitcoin Rally, Still Expects $25k Price by Year End

3 months ago admin2 Comments Off on Fundstrat’s Lee Admits Poor Prediction of Bitcoin Rally, Still Expects $25k Price by Year End
Co-founder and head of research at Fundstrat Global Advisors, Thomas Lee has admitted that his prediction of a Bitcoin rally after the Consensus conference was wrong. Lee has claimed that the crypto market still “faces significant internal resistance and hurdles within traditional financial institutions,” Bloomberg reports May 18 Having accurately predicted the growth of crypto Read More

Australian Government Looks to Blockchain for Trade Modernization

3 months ago admin2 Comments Off on Australian Government Looks to Blockchain for Trade Modernization
Australia’s Department of Home Affairs (DHA) is looking to blockchain technology to provide secure and transparent international trade and supply chain management. The department is hoping to modernize international trade management in the country and is pushing for a pan-governmental framework for emerging technologies, including blockchain, AI and the internet of things, to provide real-time Read More

Texas Issues Cease-And-Desist To BTC ‘Investment Company’ Promised 100% Profit In 21 Days

3 months ago admin2 Comments Off on Texas Issues Cease-And-Desist To BTC ‘Investment Company’ Promised 100% Profit In 21 Days
The Texas State Security Board (TSSB) issued a cease-and-desist order May 8 to a Bitcoin investment company that reportedly offers unregistered securities and makes deceiving statements that mislead investors. An official notice was issued to Forex EA & Bitcoin Investment LLC, represented by two individuals, James Butcher and Richard Dunn. The TSSB, according to the Read More

Japan’s Financial Watchdog Sets Out New Requirements For Crypto Exchanges

4 months ago admin2 Comments Off on Japan’s Financial Watchdog Sets Out New Requirements For Crypto Exchanges
Japan’s financial watchdog, the Financial Services Agency (FSA), has laid out yet further regulatory stipulations for domestic crypto exchanges, Cointelegraph Japan reports today, May 6. The regulator is reportedly intensifying its efforts to prevent a repeat of January’s $532 mln hack of crypto exchange Coincheck, the biggest single exchange hack in the history of the Read More

CryptoUK Trade Association Calls On MPs To Regulate Cryptocurrency Sector In UK

4 months ago admin2 Comments Off on CryptoUK Trade Association Calls On MPs To Regulate Cryptocurrency Sector In UK
CryptoUK, a self-regulatory trade association for the UK cryptocurrency industry, addressed several Members of Parliament (MPs) to advocate for favorable regulations in the sector, news outlet City A.M. reported May 1. The association set out its proposals in writing to the Treasury Select Committee’s inquiry into cryptocurrencies today. The inquiry intends to examine the role Read More

CFTC Chairman On Crypto Regulation: ‘I Don’t See It Being Resolved Anytime Soon’

4 months ago admin2 Comments Off on CFTC Chairman On Crypto Regulation: ‘I Don’t See It Being Resolved Anytime Soon’
The US Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo said he doesn’t see comprehensive crypto legislation coming from the federal level in the near future, CNBC reports April 30. In an interview on Monday, Giancarlo pointed out that the statutes by which the CFTC is operating were written in 1935. He said that embracing Read More

Japanese Crypto Exchange Everybody’s Bitcoin Receives Citation From Financial Regulators

4 months ago admin2 Comments Off on Japanese Crypto Exchange Everybody’s Bitcoin Receives Citation From Financial Regulators
Tokyo-based virtual currency exchange Everybody’s Bitcoin Co. Ltd. has been issued an official warning by the Japanese Financial Services Agency (FSA), according to a press release April 25. Citing articles of the Supplementary Provisions Act on Financial Settlement, the FSA issued the company an improvement notice, which obliges them to rectify any inconsistencies or shortcomings Read More