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Utah Has Now Banned Warrantless Electronic Data Searches

April 22, 2019 by Neil at Cybersecurity, News, Regulation, Tech

In a move that is sure to be celebrated by those who value digital privacy, Utah has banned warrantless searches of electronic data. This now means that the state has the strongest digital privacy laws in the nation. As per a Forbes report, April 16, 2019. Historic Act There has...

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New Cambridge Report Delves into Global Cryptoasset Regulation

April 20, 2019 by Alex Lielacher at Adoption, Development, News, Regulation

A report compiled by researchers at Judge Business School, University of Cambridge is providing insight into the global regulatory climate as it pertains to digital assets. The paper finds that a lack of standardized terminology is one of the main impediments to a consistent regulatory response across the world. The...

United States: FinCEN says Crypto Exchanges must Share Customer info by June 2020

FinCEN Penalize Bitcoin Exchanger for Unlawful Practices

April 19, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Crime, Exchange, News, Regulation

The United States Financial Crimes Enforcement Network (FinCEN) has ordered Eric Powers, the operator of a peer-to-peer Bitcoin exchange, to pay a fine of $35,000 for willfully violating the Bank Secrecy Act’s (BSA) registration for failing to register as a money services business, according to a press release on April...

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India: RBI Omits Cryptocurrency-Based Projects from Fintech Regulatory Sandbox

April 19, 2019 by Aisshwarya Tiwari at Blockchain, Finance, News, Regulation

The Reserve Bank of India (RBI) on April 18, 2019, published the terms of its fintech-focused regulatory sandbox. While the report highlights the importance of blockchain technology for various applications, it explicitly rejects all sorts of cryptocurrency-based businesses from being included in the sandbox. Blockchain is Cool; Crypto, Not So...

Bakkt Wants New York Crypto License to Appease Regulatory Bodies, Sources Say

April 19, 2019 by Aisshwarya Tiwari at Business, Finance, News, Regulation

Intercontinental Exchange Inc. (ICE,) the company behind the highly-anticipated bitcoin trading platform Bakkt has turned to U.S. state watchdogs to get the stalled project the necessary regulatory approvals. This according to a Bloomberg report published April 17, 2019. Bakkt: The Potential Game-Changer Since its announcement in August 2018, Bakkt has...

U.S. Federal Court Defines Cryptocurrencies as Commodities

All you Need to Know about the Token Taxonomy Act

April 18, 2019 by Aisshwarya Tiwari at Adoption, Blockchain, Commentary, Cryptocyclopedia, News, Regulation

The tax treatment of cryptocurrencies has been a matter of constant back and forth since their inception. On one end, regulators argue that digital currencies are no different than traditional equity stocks which put them in the same bag as government-approved securities. Conversely, crypto evangelists and lobbyists opine that cryptocurrencies...

Merging Blockchain and IoT: A Match Made in Heaven

Russian Lawmakers Approve Bill Seeking Increased Government Control on the Internet

April 17, 2019 by Aisshwarya Tiwari at Adoption, Cybersecurity, Development, News, Regulation

A report published by ABC News on April 16, 2019, states that Russia’s lower chamber of parliament has passed a bill that gives more power to the Russian government over the country’s Internet traffic. Russia Tightens Grip on the Internet Internet censorship has become one of the burning social issues...

John Delaney: The U.S. Must Create a Dedicated Cybersecurity Unit

April 17, 2019 by Ogwu Osaemezu Emmanuel at Commentary, Cybersecurity, Development, News, Regulation

John Delaney, a United States politician and business mogul looking to contest for the 2020 U.S. presidential seat, has buttressed the country's need for a centralized and dedicated "Department of Cybersecurity," as the nation remains a target to all kinds of cyber threats, according to a blog post on April...

FSA to Cryptocurrency Exchanges: Improve Your Cold Wallet Security Protocols

April 17, 2019 by Osato Avan-Nomayo at Altcoins, Bitcoin, Cybersecurity, News, Regulation

The Financial Services Agency (FSA) of Japan is mandating cryptocurrency exchanges in the country to enhance security features on their cold wallet storage, Reuters reports, April 16, 2019. This directive comes as security experts warn that internally-orchestrated exchange hacks are becoming a clear and present danger. FSA Urges Greater Security...

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French Finance Minister to Propose Uniform Crypto Regulation to EU Partners

April 16, 2019 by Aisshwarya Tiwari at Altcoins, Bitcoin, News, Regulation

France looks determined to push for regulation of cryptocurrencies in Europe as its Finance Minister, Bruno Le Maire said on April 15, 2019, that he will urge his European Union partners to set up a uniform crypto regulatory infrastructure, Reuters reports. Adopting the French Experience France has quickly established itself...

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