#Regulation News

India: Congress Alleges Ruling Party Involved in Bitcoin Scam Worth $763 Million

ZebPay Reminds India to Be Patient in Waiting for Crypto-Friendly Regulations

May 14, 2019 by Liam J Kelly at Altcoins, Bitcoin, Business, Exchange, Regulation

One of the major talking points in the crypto space has been bitcoin’s ability to continually dodge government regulations. And while the protocol is resistant to almost all sanctions, the businesses built on top of the technology aren’t. A primary example of this paradox has been the developments in India...

IOHK and Polymath Partner Up for First Security Token Blockchain

May 14, 2019 by Ashwath Balakrishnan at Adoption, Blockchain, News, Regulation

Input Output Hong Kong (IOHK), the company behind Cardano and the Ouroboros protocol, are launching the worlds first security token blockchain alongside security token issuance platform Polymath, as announced on May 13, 2019, at Consensus. This blockchain will be the first of its kind with Hoskinson as the chief architect. ...

Indian cryptocurrency experts looking at Facebook coin blue green black

India’s Crypto Veterans Discuss Facebook Plan to Pilot its Cryptocurrency in India

May 13, 2019 by Mohammad Musharraf at Adoption, News, Regulation, Stablecoins

Founders of Indian crypto and blockchain companies told Economic Times, May 13, 2019, that Facebook’s stablecoin would bypass Indian crypto regulation. It may also influence authorities to create constructive regulation for digital currencies in India. Hope Amidst Concerns Last week, BTCManager reported on Facebook’s plan to pilot its stablecoin in...

FinCEN Issues Clear Guidance to Money Services Businesses (MSBs)

May 12, 2019 by Ogwu Osaemezu Emmanuel at News, Regulation

To serve as a reminder to persons who have the Bank Secrecy Act (BSA) obligations, the U.S. Financial Crimes Enforcement Network (FinCEN) on May 9, 2019, issued interpretive guidance. The guidance focuses on how FinCEN money services businesses (MSBs) regulations apply to certain ventures that deal with money transmission whose...

“Crypto Mom” Hester Peirce Bashes SEC for Stifling Innovation

May 10, 2019 by Ogwu Osaemezu Emmanuel at News, Regulation

Hester Maria Peirce, an American lawyer and a Commissioner on the United States Securities and Exchange Commission (SEC), has said in a speech on May 9, 2019, that the agency’s unwillingness to take meaningful actions towards regulating the cryptospace has stifled innovation. She has also urged the SEC to provide...

US: SEC and CFTC Chairs Call for Digital Literacy Among Regulators

May 10, 2019 by Aisshwarya Tiwari at News, Regulation

According to testimonies published May 8, 2019, the US Securities and Exchange Commission (SEC) and the US Commodities Futures Trading Commission (CFTC) have called for increased education regarding digital assets and blockchain technology. US SEC and CFTC Want More Crypto Education Jay Clayton and J. Christopher Giancarlo, the chairmen of...

Zebpay CEO: India Bitcoin Ban Fears Unfounded

May 9, 2019 by Anthonia Isichei at Bitcoin, Exchange, News, Regulation

Zebpay CEO, Ajeet Khurana, says he doesn’t believe India would ban bitcoin despite numerous reports in the media that the government is considering a blanket cryptocurrency prohibition. Meanwhile, Khurana’s Zebpay is set to expand operations into Australia, a country currently experiencing increased cryptocurrency adoption. India Won’t Ban Bitcoin Speaking during...

FBI Arrests Individuals Suspected of Involvement in Running Dark Web Marketplace

May 8, 2019 by Aisshwarya Tiwari at Business, Crime, News, Regulation

According to a report by TechCrunch published May 7, 2019, the Federal Bureau of Investigation (FBI) has arrested several individuals suspected of running the deep web search engine called Deep Dot Web. Suspects Nabbed Although not all users might be aware of the web’s dark side, it’s safe to say...

Laptop with the Words Censored Written across the Screen

Is Europe Regulating the Internet to the Point of Censorship?

May 8, 2019 by Neil at Business, Commentary, News, Regulation

Many governments around the world are increasingly concerned about the growing power and influence of technology companies, but none of them seem to be taking action the same way as Europe. However, some wonder whether European regulations are excessive in its attempt to check the power of these corporations, as...

WeChat Updates Policy Statement: Bans Bitcoin Transactions

May 7, 2019 by Anthonia Isichei at Altcoins, Bitcoin, News, Regulation

News from China reveals that Chinese instant messaging giant, WeChat, has prohibited bitcoin and cryptocurrency transactions, following an upgraded payment policy. This latest move by the company would adversely affect over-the-counter (OTC) and peer-to-peer traders who depend on these platforms to do business. WeChat’s ban further reveals that China is not...

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