#cryptocurrency regulation News

Grayscale Bitcoin Trust Scores Reporting Company License from SEC

January 22, 2020 by Osato Avan-Nomayo at Regulation

Grayscale Bitcoin Trust (GBTC) has obtained approval from the U.S. Securities and Exchange Commission (SEC) to become a reporting company, thus registering the company’s shares with the Commission. World’s Largest Crypto Asset Manager Now SEC Reporting Coy Grayscale Investments, the parent company of GBTC announced the news of the SEC...

Bank of America Shuts Former PayPal Exec’s Bank Account and may have also Closed Justin Sun’s

November 18, 2019 by Anthonia Isichei at Bitcoin

Tron (TRX) CEO Justin Sun is the latest crypto executive to have his account terminated by a Wall Street Bank. Ex-PayPal executive Roelof Botha, also suffered a similar fate with commentators highlighting the need for greater crypto adoption amid financial censorship from mainstream actors. “Bitcoin Fixes This” Sun’s tweet was...

Indian Community Rejoices as Government Pulls Bill to Ban Crypto from Winter Parliament

November 15, 2019 by Ashwath Balakrishnan at Bitcoin

The Indian government released the list of bills they plan on presenting in the parliament's winter session, and to the surprise of the Indian cryptocurrency ecosystem, the bill to ban virtual currencies was not on the list. While this is good news for the domestic industry in the short term,...

Chinese State Media Organization Prints Bitcoin Overview Article

November 11, 2019 by Anthonia Isichei at Bitcoin

A Chinese media agency recently published a detailed article on Bitcoin on the front page of its newspaper on November 11, 2019. This development is in line with China’s latest positive stance towards cryptocurrency and blockchain technology. Some observers, however, believe that the new trend is a build-up to the...

U.K Financial Watchdog Increases Scrutiny on Cryptocurrency Exchanges

October 8, 2019 by Anthonia Isichei at Bitcoin

The Financial Conduct Authority (FCA), the U.K’s financial regulator, has increased its investigations on cryptocurrency exchanges operating in the country. According to a report by the Financial Times on October 6, 2019, the regulator is intent on fishing out fraudulent virtual currency exchanges. More Cryptocurrency Exchanges Come Under the FCA ...

Dutch man holding dutch paper with Bitcoin Ethereum and Ripple behind it checkbox

Dutch Financial Watchdog to Regulate Cryptocurrencies in Q1 2020

September 3, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

The Netherlands’ central bank, De Nederlandsche Bank (DNB), a member of the European System of Central Banks (ESCB), has announced plans to start regulating bitcoin-linked businesses from January 10, 2020, according to a Reuters report on September 3, 2019. Dutch Authorities to Regulate Cryptos Per sources close to the matter,...

Guys looking at Libra on whiteboard perplexed

Data Privacy Regulators Request More Information on Libra Cryptocurrency

August 7, 2019 by Anthonia Isichei at Regulation

Data protection regulatory agencies from around the world have joined the growing list of those who wish to examine and investigate Facebook’s cryptocurrency project. According to a joint press release on August 6, 2019, the information provided by Facebook isn’t transparent enough and request that the company provide robust information...

Blockchains on Busan Beach no looking safe disconnected

South Korea: Strict Cryptocurrency Regulations Might Scupper Blockchain Busan “Safe Habor”

August 7, 2019 by Anthonia Isichei at Regulation

South Korea’s tough cryptocurrency regulations might hamper the city of Busan from successfully having a regulatory-free zone for blockchain and cryptocurrencies, according to a report by Korea ITTimes on August 6, 2019. Over time, crypto enthusiasts, experts, and lawmakers have called on the FSC to review its stringent crypto policies...

New CFTC Chair Believes Blockchain Technology Holds Great Promise

August 5, 2019 by Osato Avan-Nomayo at Regulation

The incoming head of U.S. Commodity Futures Trading Commission (CFTC) has highlighted the importance of blockchain as an emerging technology, reports Fox Business. With commentators taking issue with the patchwork of cryptocurrency regulations in the country, the new CFTC chief assures that his department will look into crafting laws that...

Regulatory Pressure Could Prevent Facebook’s Libra from Launching

July 31, 2019 by Anthonia Isichei at Altcoins

The intense scrutiny from regulatory agencies, governments, and central banks globally regarding Facebook’s Libra, could just be the end of the company’s stablecoin project. According to a report by CNBC, Facebook revealed in a recent filing with the U.S. Securities and Exchange Commission (SEC) that plans to launch Libra in...

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