crypto regulation News and Articles


Heath Tarbert

CFTC Chairman points to need for a crypto regulation concept

by

According to Chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert, it is necessary to develop the concept of cryptocurrency regulation before adopting legislation. That is, the US authorities should not just introduce laws on the control of the industry, but determine the...

Canada

Cryptocurrency regulation rules go into effect in Canada

by

In Canada, on June 1, amendments to the law on financial services that control the activities of crypto firms in the country entered into force. “Financial services now include Canadian and foreign companies that conduct operations with virtual currencies. These operations include services for...

Huobi

Japan regulator approved Huobi token and 25 other assets

by

The Japan Financial Services Agency (FSA) lately adopted Huobi Token (HT), and the eponymous exchange became the first global platform whose native token received permission from a specific jurisdiction. FSA has established HT as a crypto asset that complies with the country's regulatory rules, and...

Japan

Japan postpones enforcement of new crypto regulation laws

by

New arrangements for cryptocurrencies in Japan due to “unexpected delays” will come into force on May 1, and not from April, as previously planned. That is about improvements to the Law on Financial Settlements and the Law on Financial Instruments and Exchanges. The changes in them concern both...

Ukraine FATF crypto

Ukraine adopted FATF rules for crypto market regulation

by

The deputies of the Verkhovna Rada adopted in the 1st reading a draft law on the implementation of FATF standards to combat money laundering and the financing of terrorism while regulating the crypto market. This was announced by the chairman of the deputy association Blockchain4Ukraine, People's...

Zuckerberg during hearings over Libra

How it was: Congress hearings over Libra cryptocurrency

by

Hearings of Mark Zuckerberg on Wednesday lasted six hours and supposed to be over Libra currency, but very soon they converted into a broad indictment of Facebook. Maxine Waters, the committee chairwoman said at the beginning of the hearings that she has studied numerous difficulties that the...

Mark Zuckerberg

Zuckerberg says Libra won’t launch until the US approves it

by

The CEO of Facebook is going to protect the Libra project before a congressional committee on October 23. He states that coin won’t issue until the US government confirms the project. Zuckerberg made remarks before the hearing in the House Financial Services Committee, where he mentions that the...

The Group of 20 nations

G20 says stablecoin regulations are needed to control risks

by

During the meeting of the Group of 20 nations in Osaka, major economies said that stablecoins should be managed to have control over the risks that can arise before any digital currency issues. Haruhiko Kuroda head of Japan’s Bank said during the briefing: “We must consider appropriate...

Facebook Libra

Facebook warns Washington: Beijing will win if Libra fails

by

Facebook Inc. warns Washington that if the corporation’s plans for launching a cryptocurrency fail, it will be a huge win for China. David Marcus said in an interview that China is going ahead and trying to create a digital payment system with a worldwide reach and, at the same time, the US is...

Banque de France

The world needs to make standards for crypto regulations

by

A banker from a French Central Bank says that the world needs a regulatory framework for crypto assets. Denis Beau, an executive chief of Banque De France said during the Official Monetary and Financial Institutions Forum in London that there is a necessity for overall consistency to prevent...

Internal Revenue Service

Crypto investors receive new income-reporting rules from IRS

by

Internal Revenue Service sent new guidance to cryptocurrency holders. The IRS published two documents (a ruling and a question-and-answer paper) on Wednesday. This is the first guidance since 2014, and it contains information about expected methods of reports about income from cryptocurrencies....

Visa MasterCard Stripe

Senators warn Visa, Mastercard, Stripe on Libra membership

by

Two Senate Democrats are warning three payment corporations to review their membership in the Libra Association and involvement with the crypto project of the Facebook. Senator Sherrod Brown of Ohio and Senator Brian Schatz of Hawaii are sure that Libra is a threat not only to the worldwide economy...

regulation of crypto

EC promised to introduce single rules for regulating crypto

by

The current Executive Vice President of the European Commission for Financial Services and Economics Valdis Dombrovskis promised, in the event of his re-election to this post, to introduce new rules for regulating the cryptocurrency industry. It is reported by Reuters. According to him, in light of...

Privacy coins face existential peril amid regulatory pinch

Privacy coins face existential peril amid regulatory pinch

by

Several crypto coins, which are known as privacy coins, have long delighted libertarians and frustrated law enforcement, are feeling the pinch of a step up in regulation. Privacy coins like Dash, Monero and Zcash are making it difficult for exchanges and custodians to comply with fresh...

Facebook is sure: Central banks have nothing to fear from

Facebook is sure: Central banks have nothing to fear from

by

Facebook is trying to defend Libra again. After several authorities announced about their concerns amid Libra currency, Facebook started to make things change. 1/ About monetary sovereignty of Nations vs. Libra:— David Marcus (@davidmarcus) September 16, 2019 The leader of the Libra project,...

France is against Libra. It needs a public digital currency

France is against Libra. It needs a public digital currency

by

Bruno Le Maire, French Finance Minister, announced on Thursday that Libra coin is going to be prevented in Europe because the currency is too unsafe and endangers sovereignty. Le Maire mentioned at Organization for Economic Cooperation and Development in Paris that Libra is going to raise concerns...

Swiss regulators say Libra needs to get a license

Swiss regulators say Libra needs to get a license

by

Switzerland officials stated that for launching its cryptocurrency Facebook is going to be demanded official permission with a granting license contingent on the perils of reserve management being carried wholly by the association and not by coin holders. Finma, the Swiss economic governor,...

Libra is going to be under US money-laundering scrutiny

Libra is going to be under US money-laundering scrutiny

by

A senior US official in charge of combating terrorist financing announced on Tuesday, that even if Libra is based in Switzerland, it must comply with American anti-money-laundering standards for surviving. The undersecretary for terrorism and financial intelligence, Sigal Mandelker mentioned during...

See all cryptocurrency and blockchain news and articles on "crypto regulation"