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Regulation

https://www.shutterstock.com/image-photo/berlin-germany-20170316-finance-minister-steven-750217510?src=NQDMxbO5nowK9JdATdtVrw-1-1Regulation

Top US Financial Regulators Urge Monitoring of Digital Assets, Stablecoins

Bradley KeounDec 5, 2019

A panel of top U.S. financial regulators urged federal and state officials to monitor risks from digital assets like bitcoin.

https://www.shutterstock.com/image-photo/washington-dc-usa-january-13-2018-1128745520?src=eiP3Pokhh4eqFqAYgv3s9g-1-1Regulation

The SEC Has a New Chief Crypto Cop

Daniel PalmerDec 3, 2019

The U.S. Securities and Exchange Commission has appointed a new head of the cyber unit that tackles crypto firms breaking the law.

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Regulation

Mnuchin ‘Fine’ With Libra Launch, But Crypto Project Must ‘Fully’ Comply With AML Rules

Daniel PalmerDec 6, 2019

Steven Mnuchin, secretary of the U.S. Treasury, has no issue with the launch of the Facebook-led Libra project – as long as financial rules are followed to the letter.

Regulation

Sri Lanka’s Central Bank Calls for Blockchain-Based KYC Proposals

Danny NelsonDec 2, 2019

Sri Lanka's Central Bank wants to use a blockchain system for local banks' "know-your-customer" protocols.

Regulation

Dutch Crypto Startups Brawl With Regulators Over Scope of EU Money Laundering Rule

William FoxleyDec 2, 2019

Dutch crypto startups are crying foul as local regulators look to implement the EU 5th Anti-Money Laundering Directive ahead of a Jan. 10 deadline.

Regulation

Russian Central Bank Says It Would Support Crypto Ban

Daniel PalmerNov 29, 2019

The Bank of Russia has backed a potential ban on cryptocurrency payments, according to a state news agency.

Regulation

New Law May Encourage German Banks to Offer Crypto Services From 2020

Daniel PalmerNov 29, 2019

With the passing of new legislation, banks in Germany may soon feel more confident to offer direct sales and custody of crypto assets.

Regulation

A Third of Crypto Exchanges Have Little or No KYC, Says CipherTrace

Daniel PalmerNov 28, 2019

Around one third of the top 120 exchanges are "weak" when it comes to know-your-customer (KYC) verification, while two-thirds "lack strong KYC policies," the firm said.

China

25,000 Blockchain Firms in China Tried to Issue Cryptos, Senior Official Claims

David PanNov 25, 2019

Some 25,000 Chinese companies have tried to issue their own tokens over the past few years, a new report authored by five government agencies claims.

Startups

Waves and the Tricky Task of Being a Russian Crypto Brand

Anna BaydakovaNov 25, 2019

What if your biggest client is your biggest reputation risk?

Regulation

Mnuchin’s Number Two Says Private Cryptos Pose Threat to Government Power and Will Be Watched

Daniel PalmerNov 22, 2019

The deputy secretary of the U.S. Treasury has raised the specter of a not-so-distant future when private digital currencies have stripped some of the power from governments. Policymakers will take a "hard look" at that, he said.

Exchanges

South Korea Takes Legal Step to Stamp Out Unregistered Crypto Exchanges

Daniel PalmerNov 21, 2019

A legal amendment to an act addressing the South Korean crypto industry would criminalize unregistered exchanges, but has loosened other requirements.

Regulation

Too Early to Tell if Libra Is a Security, CFTC Chairman Says

Daniel PalmerNov 20, 2019

Despite some headlines, CFTC chief Heath Tarbert didn't actually say Libra is a security, even if it is different from commodity bitcoin.

Singapore

Singapore Proposes Allowing Bitcoin, Ether Derivatives Trading on Approved Exchanges

Wolfie ZhaoNov 20, 2019

The Monetary Authority of Singapore (MAS), the city-state's de facto central bank, may soon allow cryptocurrency-based derivatives to be traded on regulated platforms.

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