#cryptocurrency regulation News

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,...

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...

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...

Gold-Based Cryptocurrency to Go Live in the UAE

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...

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