Tag Archives: Regulations

The Coinbase Chief Legal Officer Paul Grewal published a post earlier informing customers that the popular exchange will seize offering margin trading.Clients will not be able to place margin trading orders starting from 2 p.m. PT on November 25th, 2020. At the same time, the platform will cancel all open limit orders.The San Francisco-based exchange will disable the margin trading feature fully at the end of November, “once all existing margin positions have expired.”According to the...

2020 was a tough year for crypto, but it seems like the last few months are trying to compensate hodlers for the bad times. And now, the Office of the Comptroller of the Currency is bringing more good news to the crypto space.A recent regulatory proposal issued by the OCC seeks to ensure that crypto businesses enjoy the same facilities when it comes to having a bank account as any other legitimate endeavors.No More DiscriminationIn short, the OCC wants to end with the silent discrimination...

JP Morgan Chase & Co CEO Jamie Dimon believes that blockchain technology will have a significant role in global finance. During a recent presentation, he also seemed optimistic about cryptocurrencies if they are adequately regulated. However, Bitcoin remains “not his cup of tea” as it lacks clear legislative frameworks.Dimon’s History With BitcoinThe head of the giant American multinational investment bank has a compelling but not very favorable history with the primary...

Americans have just elected Cynthia Lummis (R) as their first female pro bitcoin senator, and she seems ready to make history. Lummis (R) became senator-elect from the state of Wyoming after beating the democrat candidate Mike Enzi. She has a long and well-known career in politics, but few know about her proud past as a Bitcoin hodler. And Lummis’ story doesn’t seem to be stuck in the past. The new senator is willing to give a better future to the Bitcoin ecosystem by putting...

Two indigenous tribes from the northern region of Brazil  have joined forces to create a cryptocurrency to save their future and have access to a decent income after a lack of attention from that country’s government. The two tribes are known for their with ancestral rivalries. Brazil’s President Jair Bolsonaro is known for his derogatory —perhaps even racists— comments on the country’s indigenous peoples, repeatedly asserting that any attention towards indigenous lands and...

In the latest turn of events, the Russian Ministry of Finance has taken a harsh stance wrt cryptocurrency regulations. Crypto holders on not disclosing their digital assets (worth 45 million rubles or more) at least twice in a period of three years stand to face a jail term of up to three years. This, however, is an amendment from a previous version. Russian BTC And Crypto Holders Could Face Jail Term As per the latest update on Bitcoin and cryptocurrency regulation, Russia’s...

Brad Garlinghouse believes that bitcoin holding companies will soon be affected by new policies from the Biden-led administration. Bitcoin Will be Subject to Climate Change Management Policies According to a tweet on Monday (November 9, 2020), Ripple CEO Brad Garlinghouse has envisaged that Bitcoin holding companies might come under scrutiny once the Biden admin begins to carry out its climate change management policies. Ripple’s head said firms that are hodlers of the...

Cryptocurrency trading platforms in Hong Kong will soon be subjected to full legal scrutiny as the nation’s financial watchdog plans to release a new regulatory framework. The Hong Kong’s Securities and Futures Commission (SFC) announced that it plans to regulate all cryptocurrency exchanges in the country, Reuters reported Tuesday. Hong Kong has struggled in the past with unclear rules for crypto exchanges. After a first failed attempt in 2018, the country published an...

Founder and former executive chairman of the multinational technology conglomerate Alibaba Group, Jack Ma, believes that world regulators need to improve the legislation around digital currencies as they could create value. Ma: Digital Currencies Could Create Value In a recent speech reported by Bloomberg, the Chinese billionaire criticized the current global financial regulatory framework for its lack of innovation. He claimed that watchdogs are primarily focused on risk...

The story of the legal battle between Kik  and the SEC seems to be coming to an end. Today, the SEC filed a motion with the Southern District Court of New York to close the case with a $5 million fine. Kik was being sued for issuing and selling unregistered securities through the ICO of its KIN token. The accusation came when the SEC also attempted similar proceedings against TON’s ICO, the Telegram blockchain. However, the agreement with Canada’s Kik is much softer than the...