crypto regulation News and Articles


Ukraine FATF crypto

Ukraine adopted FATF rules for crypto market regulation

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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...

Facebook hires more lobbyists to boost Libra

Facebook hires more lobbyists to boost Libra

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A couple of extra lobbyists are selected by Facebook to support the corporation win over congressmen warnings to stymie the launch of its crypto coin. Head of Hollier Associates LLC William Hollier started lobbying for the social media giant on issues related to blockchain policy in late August. He...

Vestager says Libra rouses EU antitrust interest

Vestager says Libra rouses EU antitrust interest

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EU Competition Commissioner Margrethe Vestager said that Libra digital currency is going to be a centre for antitrust and economic governors soon, affirming an early-level examination into how the modern payment system is going to run. Vestager informed journalists in Copenhagen that from both...

US regulators are still concerned about Libra

US regulators are still concerned about Libra

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The US House Financial Services Committee representative declared on July 25 that Facebook purposes about developing a digital currency are still bothering her even after meeting the officials in Switzerland. Maxine Waters stated that she appreciates the time that administration of Switzerland...

US Secretary of State thinks crypto should be regulated

US Secretary of State thinks crypto should be regulated

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Michael Pompeo, US Secretary of State said that cryptocurrencies should be monitored like other economic institutions. While giving an interview to CNBC, Pompeo was asked which is the best method to regulate Libra or Bitcoin. US Secretary answered that he thinks that framework which should be...

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