#cryptocurrency regulation News

German Minister Calls for Close Monitoring of the Cryptocurrency Sector

July 18, 2019 by Anthonia Isichei at Regulation

A German minister has recently called on regulators to pay attention to the cryptocurrency industry, including Facebook's Libra. According to a report by Reuters on July 16, 2019, the minister said that regulators should ensure that the nascent industry doesn’t threaten the stability of the financial sector Governments Increasingly Wary...

Facebook in a Meeting with a CFTC official statue of liberty in the background

US Congress Wants Facebook to Halt Libra Cryptocurrency Project

July 3, 2019 by Anthonia Isichei at Altcoins

Members of the United States Congress have demanded in a letter that Facebook halts development of the Libra cryptocurrency as it poses a threat to the hegemony of the U.S. dollar. This call by the U.S. Congress is the latest in a long line of government hard-line stances against the...

Russia: No Special Treatment for Facebook’s Libra ‘Crypto’

June 21, 2019 by Anthonia Isichei at News, Regulation

A Russian lawmaker has recently stated that Facebook’s expected cryptocurrency, Libra, would not be given preferential treatment in Russia. Per a report by Tass on June 18, 2019, the country wasn’t planning to adopt a crypto-friendly legislature. Going by Russia’s rough relationship with the social media giant, the recent opposition to the company’s project...

Russia Central Bank Mulls Gold Standard for National Cryptocurrency

May 25, 2019 by Anthonia Isichei at Adoption, News

Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble. Gold-Pegged 'Crypto-Ruble' a Possibility The Bank of Russia hinted at a meeting at State...

Crypto Exchanges in the Hot Seat as Japanese Regulators Increase Oversight

May 24, 2019 by Ogwu Osaemezu Emmanuel at News, Regulation

The Financial Services Agency (FSA), which doubles as both Japan’s crypto and financial regulatory watchdog, has ordered all bitcoin trading venues and digital assets exchanges in the region to strengthen their know-your-customer (KYC) and anti-money-laundering (AML) measures, as part of preparation for the upcoming G-7 summit and FATF inspection, reports...

ECB: Cryptocurrency Doesn’t Pose a Material Risk to European Financial Stability

May 24, 2019 by Anthonia Isichei at News, Regulation

According to an article released by the European Central Bank (ECB), the cryptocurrency sector does not have a considerable influence to threaten the European Union (EU) financial sector. Global Government Forum reports that the existing regulatory framework helps manage risks associated with bitcoin and other virtual currencies. Cryptocurrency Won't Disturb Mainstream Finance...

Andrew Yang talking blockchain and crypto

U.S. Presidential Candidate Aims to Make Policies That Would Favor Cryptocurrency and Blockchain Technology

May 17, 2019 by Anthonia Isichei at Adoption, Bitcoin, Blockchain, News, Regulation

Andrew Yang, the Democrat who is among the contenders for the 2020 U.S. presidential race, has big plans for cryptocurrency and blockchain technology. According to Bloomberg on May 15, 2019, Yang is solidly behind the nascent industry and if elected, would champion cryptocurrency-friendly regulations in the United States. Billion-dollar Sector...

Colombian Traders Discussing Cryptocurrency Regulation Looking at Stocks and Graphs

Colombia Eyes Regulating Cryptocurrency Traders and Companies

May 15, 2019 by Mohammad Musharraf at Adoption, Development, News, Regulation

The Congress of the Rebulic of Colombia has proposed a bill to regulate cryptocurrency transactions and prevent crypto users from falling victim to growing frauds, this according to a report from Competition Policy International May 13, 2019. Preventing Traders from Frauds In January of 2017, Colombian regulatory body Superintendecia de...

BitOasis Approved on a Clipboard in the desert

BitOasis Ready to Become First Licensed Middle Eastern Bitcoin Exchange

May 14, 2019 by Osato Avan-Nomayo at Bitcoin, Exchange, News, Regulation

BitOasis is set to become the first regulated bitcoin exchange in the entire Arab world following preliminary approval from regulators in the United Arab Emirates (UAE), Bloomberg reports May 12, 2019. In recent times, the region has begun to pursue an increased adoption agenda for cryptocurrencies and blockchain technology as...

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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