Thursday, April 9, 2020
Three of Australia’s ‘big four’ banks have issued comments regarding their respective policy positions with regards to their customers’ ability to purchase cryptocurrency using accounts issued by said banks. The statements come weeks after reports surfaced detailing an apparent banking embargo on the part of Australian banks targeting cryptocurrency...
Joshua Ashley Klayman is co-head of global law firm Morrison & Foerster LLP 's Blockchain + Smart Contracts Group and chairs the Wall Street Blockchain Alliance Legal Working Group.The following article is an exclusive contribution to CoinDesk's 2017 in Review, and represents the author's personal views, not necessarily those of...
Joe Ciccolo is the president of BitAML, Inc., a compliance service provider. Andrew Hinkes is an adjunct professor at the NYU Stern School of Business and NYU School of Law.This article is not intended to provide, and should not be taken as, legal advice.With just one paragraph, an agency of...
A state securities regulator in Texas has put out yet another cease-and-desist order on cryptocurrency-related activities.According to an emergency order signed on Jan. 24, the Texas State Securities Board (TSSB) is taking aim at a Hong Kong-based firm dubbed R2B Coin, which the agency alleges is issuing unregistered securities to...
Xinjiang Province regulators have issued an official document informing local bitcoin miners to submit status reports on a specific schedule. Also Read: Japanese ‘Virtual Currency Girls’ Spreading Cryptocurrency Knowledge     An Orderly Exit Bitcoin mining companies were told to write a status report before Jan. 5, according to a government notice signed...
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...
Ever felt curious how Chinese trade cryptocurrency exchanges are closed? Last Saturday November 11, China’s Central Television (CCTV-13) aired a program about bitcoin over the counter trading in the country. Also Read: China Monitors Booming OTC Bitcoin Market After Shutting Down Exchanges OTC Bitcoin Commercials Clustering Wechat Groups The program reveals that advertisements...
The People’s Bank of China, the nation’s central bank, has a new governor, its first in 15 years. His name is Yi Gang and judging by previous comments the 60-year-old has made, he’s perfectly okay with cryptocurrency. His positive stance towards bitcoin and other cryptos bodes well for their...
Indian cryptocurrency exchanges are reportedly planning to create a database of crypto traders and their transactions. User account data would be tied to either an Aadhaar ID or a Permanent Account Number. This proposal comes amidst the Indian government actively working on crypto regulations. Also read: Japan’s DMM Bitcoin Exchange Opens...
Paul Paray is an attorney in Allendale, New Jersey, focused on privacy and technology matters.In his Feb. 8 opinion piece for CoinDesk, Santander's Julio Faura suggests that "utility tokens are a bad idea" because it would be a "lie to ourselves" to suggest initial coin offerings (ICOs) were not...