Regulation

A new consultation process on blockchain laws is set to begin in Switzerland. Initiated by the country’s Federal Department of Finance, the operation is focused on initiating a blanket ordinance in the local blockchain and distributed ledger technology environment. For Better Laws In Blockchain Industry A number of parties, individuals, and other interested groups are set to be included in the upcoming consultations in the blockchain spectrum. The project is planned to go on...

October looks promising to Bitcoin traders as the price hiked in spite of pushes from regulators.As the volatility in the markets grows, Bitcoin seems to be referred to as the safe-haven outdoing Gold in this matter by 5.20% since October 1. While many investors saw an FCA regulation on crypto CFD’s as a bearish signal for BTC and the crypto-assets as whole, in fact it was the opposite and the explanation to this paradigm is simple. Traders who trade Bitcoin CFD’s on an FCA regulated broker...

[Featured Content]The crypto derivatives market is having a hard time of late. October began with the news of CFTC civil enforcement action against the centralized crypto derivatives platform BitMEX.BitMEX and its founders, including CEO Arthur Hayes, were charged with operating an unregistered trading platform and violating multiple CFTC regulations, including failing to implement the required anti-money laundering procedures.Less than a week later, the UK FCA announced a ban on the sale of...

The Department of Justice (DOJ) has unveiled its new 80+ page plan to combat illegal cryptocurrency activities such as terrorist funding, money laundering and outright theft.Department of Justice: We Will Stop Crypto Crime Once and For AllThe crypto scene has come a long way in the last ten years. Unfortunately, it is still marred, to a certain degree, by a lack of regulation. Many times, criminal activity either goes unnoticed or slips through the cracks of even some of the largest trading...

The Amsterdam Digital Asset Exchange (AMDAX) has completed what is described as The Netherlands’ first cryptocurrency service registration with the country’s apex bank De Nederlandsche Bank (DNB).Per the official update from AMDAX, a client-oriented cryptocurrency exchange firm located in the country’s capital Amsterdam, the DNB’s approval was secured after diligently complying with the regulatory rules in line with Europe’s Anti Money Laundering guidelines (AMLD5).Cryptocurrency services...

Ripple is considering leaving the U.S. and opting for Asia or Europe instead because of the unfavorable regulatory climate caused by U.S. regulators.In response to the excessive and unclear regulation by the U.S. Securities and Exchange Commission (SEC), Ripple is planning to move overseas. This was revealed by Ripple’s executive chairman Chris Larsen in a virtual interview with Fortune.Speaking at the LA Blockchain summit on 6th October, Larsen expressed his displeasure with the U.S....

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 986. Im heutigen Video geht’s um folgende Themen: England verbietet ab 2021 Bitcoin-Futures und Derivate, Krypto Regulierung in den USA & MetaMask integriert DeFi Exchange. 1.) Britische FCA verbietet ab 2021 Bitcoin-Futures und Derivatehttps://bitcoin-kurier.de/britische-fca-verbietet-ab-2021-bitcoin-futures-und-derivate/ 2.) ‘Crushing’ regulations could drive Ripple out of...

Jay Clayton said the SEC’s door is “wide open” to those who want to learn and understand how to “tokenize the ETF product in a way that adds efficiency.”United States watchdogs, the Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) has provided key answers to some regulatory myths in the blockchain and cryptocurrency ecosystems hampering growth while restating commitments to aid the growth of the ecosystem. As reported by The Block, both the SEC...

Regulators heat up the pressure on crypto after the two Iranian flagships reached the Venezuelan cost. It is assumed that the Venezuelan government paid the Iranian for the delivered gasoline in crypto.CFTC fined the popular derivatives platform BitMex for operating an unregistered platform in the US and violating the Anti-Money Laundering regulations. The regulator also charged the top-management of the derivatives trading platform, including the CEO Arthur Heyes, as a consequence almost...

Cryptocurrency is a growing medium of finance, but according to many analysts, the lagging tax regulations is a serious problem for the arena worldwide, and they are convinced that so long as regulations continue to lag, the crypto space will never reach mainstream or legitimate status.Regulations May Not Be as Important as We ThoughtFor years, people have been talking about the lack of regulation and clarification regarding tax data for cryptocurrencies. What constitutes a transaction? What...