Malaysian Finance Ministry: Cryptocurrency Adoption Remains Low

Malaysia’s finance ministry says both domestic and global adoption rates of cryptocurrencies are low, notwithstanding the significant attention the disruptive sector has garnered. In its Economic Outlook 2020 report released today, the ministry nonetheless noted that several prominent firms in key economic sectors had taken steps toward digital currency adoption, according to a business news…

Japan to Look Into the Impact of Facebook’s Libra Ahead of G7

Japanese authorities are investigating the impact of Facebook’s Libra stablecoin, Cointelegraph Japan reported on July 12. Per the report, Japanese authorities have set up a liaison conference tasked with investigating the impact of Facebook’s stablecoin on monetary policy and financial stability. The conference will reportedly consist of the Bank of Japan, the Ministry of Finance and the…

FINRA’s Friendly Reminder Towards Firms to Keep Regulators Updated of Crypto Activities

Back in 2018, FINRA first revealed an initiative in which member firms had to notify of their current and planned activities involving crypto activities (i.e. cryptocurrencies and any other forms of digital assets). In particular, the former requested that said communication should be made as an ongoing effort. As for the notifying of activities, this supposedly falls under…

ТrueDigital Plans to Launch CFTC-Regulated Crypto Derivatives Exchange

New York-based financial technology firm trueDigital Holdings LLC is aiming to acquire the registrations of trueEX LLC in a bid to launch a fully-regulated crypto derivatives exchange, according to a press release published on July 12. Per the release, trueDigital has concluded an agreement in principle to acquire the Designated Contract Market (DCM) and Swaps Execution Facility registrations of United…

Russian Prime Minister: If Bitcoin Popularity Falls, Blockchain Crypto Regulations No Longer Important

While most countries in the world are taking a step forward in the regulation of cryptocurrencies, Russia seems to want to take a step back, considering that these assets are losing popularity. The Russian Prime Minister, Dmitry Medvedev, said that for the government of the country the regulation of cryptocurrencies was no longer a priority, since these assets had lost…