#regulation News

PayPal Cautiously Believes in Libra’s Potential Despite Regulatory Concerns

September 16, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Paypal, an American centralized payments services company has made it clear that it firmly believes in the potential of the social media giant's global cryptocurrency project despite the intense scrutiny of governments and central banks on Libra, as well as the regulatory bottlenecks surrounding the cryptoasset, according to a Channelnewsasia...

Cryptocurrencies standing proud waving the French flag blockchain

France: Crypto-to-Crypto Transactions Tax-Exempt Unless Traded for Fiat

September 13, 2019 by Ashwath Balakrishnan at Bitcoin

France has welcomed cryptocurrency investments by announcing that crypto to crypto transactions will be tax-exempt, and necessary taxes will be applied only when selling crypto for fiat currency. According to Bloomberg Tax, France will also introduce a value-added tax (VAT) for transactions where crypto is directly used to purchase goods and...

Jeffery Epsteins Connection with MITs Digital Currency Initiative Raises Industry Concerns

September 13, 2019 by Ashwath Balakrishnan at Bitcoin

The MIT Digital Currency Initiative is well known in the cryptocurrency space for spearheading a lot of early research in analysis. The man who set it up, Joichi Ito, recently resigned as it was revealed that he had ties to deceased financier and convict, Jeffrey Epstein. In a recent article,...

A man of Authority shutting down GXChain

Chinese Authorities Clampdown on Popular ICO Startup GXChain

September 12, 2019 by Anthonia Isichei at Altcoins

Chinese police reportedly raided the office of a popular and legit ICO company recently, according to a tweet on September 11, 2019. While the main reason for the crackdown isn’t known yet, there are speculations that the actions of the Chinese local authorities may not be cryptocurrency-related. The Latest Victim...

Facebook’s Libra Seeks Swiss Payment System License

September 12, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Facebook’s Project Libra has applied for a payment system license from the Swiss Financial Market Supervisory Authority (FINMA). FINMA says Libra’s service offerings will, however, require a broader oversight that would include operational risks, liquidity and more, according to a Reuters report on September 11, 2019. Facebook Forging Ahead with...

Swiss data Commisioner Switzerland Flag binoculars witnesses Libra

Swiss Regulator Issues Guidance on Libra and Stablecoins

September 11, 2019 by Ashwath Balakrishnan at Altcoins

According to a notification issued by FINMA, the regulator has confirmed that stablecoins will be treated just like any other blockchain-based token in Switzerland, September 11, 2019. The Libra Association requested FINMA to disclose how the network would be treated, and the regulator has stated that Libra will be classified...

Facebook: Libra Cryptocurrency Faces Strict Regulatory Standards from U.S. Treasury

September 11, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

United States Treasury Under Secretary of Terrorism and Financial Intelligence, Sigal Mandelker, has declared that Facebook’s proposed Libra global cryptocurrency project will not be launched unless Libra complies with tough anti-money laundering (AML) and anti-terrorist financing standards, reports Reuters on September 10, 2019. Libra Must Comply or Die As the...

VanEck and SolidX File for Physically Traded Bitcoin ETF

VanEck and SolidX to Use U.S. SEC Exemption Rule to Offer Limited Bitcoin ETF

September 4, 2019 by Anthonia Isichei at Bitcoin

VanEck Securities and SolidX Management have come out with a plan to offer their bitcoin exchange-traded fund (ETF). According to a report by the Wall Street Journal on September 3, 2019, the companies intend to offer a limited bitcoin ETF, using the exemption rule provided by the U.S. Securities and Exchange...

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,...

Monero Core Team Member standing infront of South Africa flag

South Africa: Potential for Growth Despite Strict Crypto Regulations says Monero Core Team Member

August 31, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Regulation

Despite the severe economic and political issues on top of strict crypto regulations in South Africa, Riccardo Spagni, a member of the Monero Core Team and co-founder of decentralized platform Tari Labs says the country is still an excellent breeding ground for motivated entrepreneurs, reports Mybroadband on August 30, 2019....

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