The latest news from India is that executives for crypto related entities are in the process of moving offshore. The rather drastic consequence is a direct result of a proposed law that would criminalize all things crypto in “the first large democracy to ban an innovative technology such as crypto.” 10-year jail sentences would apply…
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While regulatory bodies around the world are still making their minds up about cryptocurrency regulation, Netherland's central bank, De Nederlandsche Bank (DNB), has just announced that it will start regulating the crypto sector in the country by January 10, 2020. DNB has invited all crypto exchanges and wallet providers to submit more information about their activities…
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We have consistently heard from the Securities and Exchange Commission (SEC) that a prerequisite for a Bitcoin Exchange-Traded Fund (ETF) is that the ETF must have “good custody”. SEC Chairman Jay Clayton’s actual remark in an interview with CNBC in November of last year was: We care that assets underlying that ETF have good custody…
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Just when the dust was beginning to settle after the “round-the-globe” tongue-lashing of Facebook’s Libra project, regulators from the EU have decided in their infinite wisdom to turn up the volume a notch once more. The latest “twist” in this ongoing melodrama is that officials in the European Economic Union are concerned about potential anti-trust…
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The Libra investigation is going with full force, it seems. Back in July 2019, the Financial Services Committee declared how serious the investigation for the Facebook's project is going to be. One member of the FSC that stood out with serious determination to do the job was Maxine Waters. The Congresswoman accentuated that, according to…
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Crypto advocates in India were given a sliver of hope that a crypto ban instituted by the Reserve Bank of India (RBI) and contained in a draft proposal from an inter-ministerial committee dominated by the RBI may be ruled unconstitutional. The RBI had jumped the gun in mid-2018 by prohibiting its banking members from having…
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The folks at Bloomberg UK recently interviewed Hunter Horsley, the CEO and head of research at Bitwise Asset Management along with Matt Hougan, Bitwise’s global head of research, to determine their views on the continuing delays by the SEC in approving any applications for a Bitcoin Exchange-Trade Fund (ETF). The Bitwise application decision was delayed…
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Coinbase is clearly one of the hottest cryptocurrency exchanges out there. As the largest US crypto exchange and wallet provider, it is surprising that some of its business partners are leaving the "unicorn". One such partner that is leaving Coinbase is none other but Barclays. The bank is no longer providing its services to the…
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The Nova Scotia Securities Commission (NSSC) has issued a warning against an entity named aGifttoken (agifttoken.com). The company is not registered to sell securities in Nova Scotia. The company and their representatives have an Initial Coin Offering (ICO) that is available to Nova Scotia residents. aGifttoken claims to be a cryptocurrency to be used on…
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The call for regulatory overview on cryptocurrencies is long due. And not only cryptocurrencies, but the so called "digital assets". Countries around the world classify digital coins in many different ways. Now, the UK FCA has clarified its position on how to regulate digital assets. The FCA has also given its stance on which tokens…
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