crypto regulations

FATF’s regulations to push criminals to privacy coins: CipheTrace CEO

November 5, 2019
The Financial Action Task Force’s (FATF) crypto regulations will trigger a shift of criminal activity from Bitcoin (BTC) to privacy coins, it has been claimed. Criminals mostly use BTC and ETH to date David Jevans, CEO of major crypto transaction tracking firm CipherTrace, shared his remarks about criminal use of cryptocurrencies at a panel held

Malaysian Finance Ministry: Cryptocurrency Adoption Remains Low

October 14, 2019
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

Government of Uzbekistan Triple Electricity Taxes for Crypto Miners

October 4, 2019
The government of the Republic of Uzbekistan made an announcement on September 27, 2019 to triple electricity taxes for crypto miners. The measure was approved by the Cabinet of Ministers. The decision was made to triple the taxes on electricity for anyone who was involved in crypto assets, which includes mining. Many people have made

Germany’s Deutsche Bank Joins JPMorgan’s Blockchain Network

September 27, 2019
Deutsche Bank, the largest bank in Germany, just joined the Interbank Information Network (IIN). IIN is JPMorgan’s blockchain-based network. IIN now claims a network of 320 financial institutions after just two years in operation. The initiative was launched in 2017 to be a platform where banks could swap global payments data. The IIN uses the

Czech Republic To Enforce Crypto Regulations Deemed Harsher Than The Ones Issued by the EU

August 22, 2019
While some countries are friendly to Bitcoin, others seem to hate it. Unfortunately, the Czech Republic is far from one of the friendliest countries with crypto. According to recent reports, the country is about to enforce regulations on the crypto industry which are deemed to be even harsher than the ones required by the European

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

July 25, 2019
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

July 23, 2019
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

July 18, 2019
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

May 20, 2019
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

Bank for International Settlements Exec Advises Against Central Bank Digital Currencies

March 26, 2019
Bitcoin (BTC) critic and general manager at the Bank for International Settlements (BIS) Agustin Carstens advised against the issuance of central bank digital currencies (CBDCs) in a speech in Dublin on March 22. Bloomberg reported on the speech the same day. Per the report, Carstens explained that a CBDC could facilitate a bank run, enabling people to