Regulation

Andrew Yang, who is currently running for the 2020 US Presidency, sat for an interview with Bloomberg, and he shared his stance on the matter of cryptocurrency regulations. According to him, the country needs to provide more clarity. However, he ultimately thinks that legislation can’t stop people to buy Bitcoin.Andrew Yang On Bitcoin RegulationsThe US Democratic presidential candidate Andrew Yang spoke to Bloomberg about cryptocurrency regulations in the country.According to him, the US...

The crypto landscape is drastically changing around the world – especially in Singapore where global cryptocurrency firms have been given the opportunity, through new payment legislation to expand the horizons of their operations to the country by obtaining operational licenses to function therein.This legislation, The Payment Service Act which becomes effective by Tuesday, is the first of its kind in the list of comprehensive regulations, regarding the activities of companies involved in the...

Bakkt, the Bitcoin Futures trading platform for institutions, had caused a lot of positive noise before its actual launch in mid-2019.The platform is backed by ICE, and since its launch, there is a constant growth in its daily reported traded volume. It had crossed the benchmark of 6,000 delivered Bakkt Bitcoin Futures. Those are contracts traded at ICE Futures US.Earlier today, during a closed Bakkt event in Tel Aviv attended by CryptoPotato, President Adam White discussed the current state...

Australia has a plan for tackling stable coins like Libra.Are Libra and Australia At It Again?Stable coin regulation will now be in the hands of Australia’s Prudential Regulatory Authority (APRA). As part of the Australian Council of Financial Regulators, the APRA has created what’s known as the Distributed Ledger Technology Working Group as a way of governing new operations and maneuvers in the industry of decentralized finance.One of the most controversial steps taken in recent years in the...

The World Economic Forum has announced it’s assembling a firm of experts from both the public and the private sectors to assist in developing cryptocurrency guidance and regulation.Cryptocurrency Is Getting Global SupportThe organization will be made up of central bankers, entrepreneurs, blockchain analysts and others who will seek to utilize their knowledge of cryptocurrency trading to establish lasting legislation.Interestingly, reactions to the news have been divided, with some claiming...

The Blockchain Association which represents some of the biggest names in the cryptocurrency industry announced the launch of a new Market Integrity Working Group. The group is tasked with the responsibility of ensuring fairness, equity and accountability in the crypto space. It will be co-chaired by senior executives of both the well-known blockchain firm Ripple and the Coinbase crypto exchange.The new group will be headed by Rachel Nelson, the senior director and associate general at...

The Australian Prudential Regulation Authority (APRA) has reportedly submitted a framework to oversee digital wallets holding large amounts of value. If approved, it would also include Facebook’s controversial stablecoin, Libra, and its digital wallet – Calibra.APRA To Oversee Calibra?Upon its announcement, Facebook’s Libra quickly attracted the attention of watchdogs. The social media mogul also created a blockchain-based digital wallet called Calibra, that would store and move the future...

South Korea’s Ministry of Economy and Finance has started to review the crypto regulation in the country. In particular, they are reviewing a crypto taxation plan. As South Korea’s Yonhap News Agency has reported, the Korean finance ministry may introduce a 20% tax on crypto gains.Until now, the authorities considered profiting from digital assets as capital gains, and the tax law in South Korea did not see cryptocurrency trading profits as taxable income. However, with the regulatory rule...

The critical situation between Telegram and the U.S. Securities and Exchange Commission (SEC) took another step forward. The market regulator now claims that the popular messaging company saw its upcoming Gram token as securities and thus should fall under established regulations.Is Gram Token A Security?Telegram’s controversy regarding its TON blockchain and its native cryptocurrency, Gram, continues. The SEC has recently filed another claim with the court in the Southern District of New...

Ripple, the company widely associated with XRP cryptocurrency, spent $170,000 in the first nine months of 2019 on the American government to shape crypto regulation in the world’s economic powerhouse. This is known from the information published by the Center for Responsive Politics.Data sourced by the Washington D.C.-based non-profit organization from the Senate Office of Public Records reveal that the cryptocurrency firm used the money to lobby the Executive Office of President Donald...