カテゴリー: Regulation

Fincen Claims Iran Is Using Crypto to Evade Sanctions

ranian Bitcoin Transactions Estimated at $3.8M Since 2013The Financial Crimes Enforcement Network has warned U.S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. Also Read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Iranian […]

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Korean Government Expected to Announce ICO Stance in November, Official Says

Korean Government Expected to Announce ICO Stance in November, Official SaysThe South Korean government is expected to announce its position on initial coin offerings in November, according to a high-ranking official. The decision will follow the outcome of the survey which the country’s Financial Supervisory Service recently sent out to domestic blockchain companies. Also read: RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision […]

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Zambian Central Bank Declares Bitcoin Is Not Legal Tender

Cautious Zambian Central Bank Warns on Bitcoin, as Investors Start to SwellThe Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin core and bitcoin cash aren’t legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure. It appears that the bank issued the decree because, as a traditional issuer of the depreciating local fiat […]

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Zambian Central Bank Declares Bitcoin Is Not Legal Tender

Cautious Zambian Central Bank Warns on Bitcoin, as Investors Start to SwellThe Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin core and bitcoin cash aren’t legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure. It appears that the bank issued the decree because, as a traditional issuer of the depreciating local fiat […]

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Hundreds of ICOs Being Secretly Investigated by SEC, Claims Report

'Secret' US Investigations into 'Hundreds' of ICOs, SEC 'Tightens Noose,' According to ReportHundreds of startups are reportedly being “secretly” targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and, if so, whether it was properly registered with or exempted by the SEC. Also read: Europe, […]

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FSB: Crypto-Assets Not a Threat to Global Financial Order

FSB: "Crypto-Assets do not Pose [...] Risk to Global Financial Stability"Cryptocurrencies do not pose a threat to global financial stability, but the diverse range of national regulatory regimes throughout the world continues to complicate efforts to establish an international legislative framework overseeing their use, the Financial Stability Board says in a new report.  Also Read: Billion-Dollar Startups Flourishing in Switzerland’s ‘Crypto Valley’ Report Advocates ‘Vigilant Monitoring’ In a […]

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Bitcoiners Shoot Down Roubini’s US Senate Testimony

Bitcoiners Shoot Down Nouriel Roubini’s Misinformed Senate TestimonyNoted Bitcoin critic Nouriel Roubini will deliver a speech on cryptocurrency and blockchain to the U.S. Senate today, and it is unlikely that the man known as “Dr. Doom” will mince his words. Nor will the economist concern himself too much with the truth, as his prepared testimony is filled with exaggerations and inaccuracies that […]

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Suspected Mastermind Behind Kassh Coin Arrested

Suspected Mastermind Behind Kassh Coin ArrestedThe New Delhi Police Branch has arrested Asif Ashraf Malkani – a thirty-five-year-old man accused of operating Kassh Coin – a multi-million dollar scam that duped Bollywood celebrities, among scores of Indian investors. Also Read: ‘Crypto Fund’ Approved to Manage Cryptocurrency Investments in Switzerland Operator of Crypto Scam That Duped Bollywood Celebrities Apprehended Asif Ashraf Malkani, […]

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U.S. Senators Push for Stronger Sanctions Against Venezuelan Petro

U.S. Senators Push for Stronger Sanctions Against Venezuelan PetroA bipartisan group of senators in the United States are seeking strong sanctions against Venezuela’s Petro. The proposed sanctions would extend an executive order from March to prohibit U.S. residents from providing software to the Venezuelan government in its efforts to launch the Petro. Also Read: Venezuela Demands Citizens Pay for Passports With Petro U.S. Lawmakers […]

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Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Rejected ETF Commentary

Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Rejected ETF CommentaryIn recent news pertaining to cryptocurrency regulations, French lawmakers are considering a proposed amendment that would introduce a regulatory framework for crypto-asset intermediaries; the U.S. Securities and Exchange Commission (SEC) has announced October 26th as the deadline for the submission of public comments relating to the nine exchange-traded funds (ETFs) it recently rejected; and a […]

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