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Bitwise Expresses Commitment to Bitcoin ETF in a New Letter to the SEC

The Bitwise digital asset management is still very much interested in creating a Bitcoin exchange-traded fund (ETF). On Wednesday, the firm sent a new letter to the United States Securities and Exchange Commission (SEC), responding to the earlier published 112-page rejection letter it received from the SEC back in October.Published by the SEC on Friday, the new letter addressed the SEC’s manipulation fears. According to the SEC, one of the reasons the Bitcoin ETF could not be approved was the...

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Recent Political And Economic Tension In India And Hong Kong Highlights Bitcoin’s Benefits

Indian banks may start turning down potential customers, because of their religion, as per a recent report. Furthermore, protesters in Hong Kong are boycotting one of the largest banks in the country, HSBC, due to the latest alleged political arrests. Naturally, among economic and financial turmoil of the kind, it’s hard not to bring Bitcoin’s decentralized nature, which solves all of the above issues.Banks To Judge By Religion?According to a recent local report, Indian citizens who want to...

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U.S. SEC Postpones Decision on Bitcoin ETF Proposal till February

The United States Securities and Exchange Commission (SEC) has decided to postpone the Wilshire Phoenix’s Bitcoin ETF proposal. According to a document released by the commission, they will continue putting the proposal under review. By February 26th, 2020, the SEC will approve or disapprove the rule changes that will determine the status of the ETF. This decision essentially puts in limbo the status of the ETF. It also indicates the cold feet that the SEC has towards new Bitcoin and other...

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Binance CEO Shares Thoughts on Privacy, Exchanges and Law Trickery

The news recently got a splash because of the Twitter user reporting transaction censorship. Binance Singapore froze his money because he was sending them to a Wasabi Wallet.CZ Answers on Espionage Allegations by Twitter CrowdsChangpeng pointed out that there are lots of comments on Twitter under the post about a frozen payment. It shows that people still do not understand how the exchange regulation works, while its a broad topic. In terms of AML procedures, the exchange is obliged to...

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Lukka Taxation Software Launched by Private Company, IRS, CPA

On the official website of Lukka, users can create personal taxation accounts, and import the history of deals. Exchanges often give users the possibility to export all the operations in a convenient XLS or JSON file. Importing the data to Lukka will allow the user to report directly to the IRS, with Lukka accountant’s brief support. Lukka has CPA.com as their partners.Those guys are a separate entity working in the jurisdiction of the American Institute of Certified Public Accountants. They...

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Financial Authority AMF Selected First in History Legal French ICO Firm

The Autorité des Marchés Financiers (AMF) have discovered the project that is worth listing as the safe one. The company with a straightforward name “French ICO” aims to help people fund other projects using tokens.The token authors were applying for a visa according to the PACTE law. It prescribes ICO founders to send out a document with a detailed description of their ideas. The doc must contain relevant information, statistics, PR information and such. The information should contain no...

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Strict Regulations For Cryptocurrency Businesses In EU To Take Effect In January 2020

Cryptocurrency companies and services based in the EU have less than a month to adjust their business operations to comply with a new set of rules. As of January 10th, The Fifth Anti-Money Laundering Directive (5AMLD) will be in effect, requiring KYC, and monitoring all transactions.5AMLD In Action From JanuaryRegulators across the world have struggled with putting cryptocurrencies within a certain legislative framework. The European Union is on its way to put in effect an updated legislation...

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Is the BitLicense About to Lighten Up on Crypto Ventures?

New York has never been a crypto-friendly haven. Thanks to the regulations set forth by the now infamous BitLicense, the Big Apple has garnered a reputation for allegedly being anti-blockchain.The BitLicense Is About to Lighten UpBut now, changes are being made to the region’s regulatory protocols that may make things easier for crypto companies looking to do business in the city that doesn’t sleep. The New York State Department of Financial Services (NYDFS) has suggested adding new...

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ECB Embraces Own Stablecoin Dismissing Bitcoin’s Classic Principles

European Central Bank’s head (and former International Monetary Fund’s head) Christine Lagarde said that the stablecoins market is gaining momentum and the officials need to keep up with changes:“My personal conviction is that giving the developments we are seeing, not so much in the bitcoin segment, but in the stablecoins projects. And we only know of one at the moment but there are others, being explored and underway at the moment. We’d better be ahead of the curve if that happens. Because...

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Justin Sun Hilariously Booted from Weibo as TRON (TRX) Resumes Brutal Slide

Justin Sun’s Weibo account got deleted for violating community laws and regulations. Co-founder of Binance, Yi He, was also booted from Chinese social media site. Sun vows to resolve situation as TRX price suffers flash drop. Controversial TRON (TRX) founder Justin Sun had his Weibo account deleted on Thursday, along with the co-founder of Binance, Yi He. The Chinese social media site saw fit to delete both users’ accounts for violating community provisions. The following message now...

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