Saturday, January 18, 2020
Three European regulators with oversight over securities, banking and pensions issued a combined warning today to EU residents considering investing in cryptocurrencies.Citing the crypto markets' volatility, lack of regulation and the potential for severe losses, the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the...
Lawmakers in Arizona have advanced a proposal that would allow residents in the state to pay their taxes in bitcoin.CoinDesk reported earlier this month that a proposed law before the Arizona legislature would, if approved, let taxpayers make their payments in bitcoin or other cryptocurrencies. The bill was submitted...
In a year of soaring cryptocurrency prices and countless initial coin offerings, it's perhaps unsurprising that, over the course of 2017, regulators worldwide stepped in to define how they would oversee what had been to date a legally murky environment.From China's crackdown on exchanges to the SEC's report on...
A joint statement between the Ukrainian central bank and the country’s top financial regulators shows that existing legal concepts do not apply to cryptocurrencies. For example, they cannot be recognized as money, legal tender, currency or securities. Also read: ‘No Regulation Needed’ – Moscow Stock Exchange Plans to Trade Bitcoin Futures Crypto...
Bitcoin is a tool for terrorists and money launderers. At least that’s what your elected officials believe. When western leaders are pressed for their thoughts on cryptocurrency, that’s invariably the first sound bite to leave their lips, followed, occasionally, by a begrudging acknowledgement that “the underlying blockchain technology has...
Two committees of the U.S. Commodity Futures Trading Commission will hold meetings this month on digital currency matters, including the self-certification process used to approve new cryptocurrency derivatives products.In a statement issued Thursday, CFTC chairman J. Christopher Giancarlo said the commission's technology advisory committee would discuss how virtual currencies...
The Central Bank of Bahrain has awarded bitcoin technology provider, Belfrics Global, a sandbox license to open and operate a cryptocurrency exchange in the Arabian Gulf nation. As such, Belfrics is reported to have become the first company to receive an official mandate to open a cryptocurrency exchange in...
From Israel to Australia, commercial banks in various parts of the world have tried preventing people from entering the cryptocurrency market by blocking money transfers to bitcoin exchanges. Now the largest consumer association in Portugal has called out a local bank for trying to do the same. Also Read: U.S....
European Securities and Markets Authority (ESMA) issued two same-day warnings concerning initial coin offerings (ICO) on 13 November after the preceding weekend was witness to dramatic swings in prices and volatility. One release is geared toward investors and the other is aimed at participating firms.  Also read: Israel Securities Authority Chairman Outlines...
The Japanese financial regulator will be issuing its first warning since the legalization of cryptocurrencies as a method of payment in Japan. An overseas initial coin offering agency has reportedly been attracting Japanese investors without a license, repeatedly ignoring the agency’s advice to cease operating in the country. Also read: Japan’s...