#regulation

Bank of Japan Studying Digital Currencies, Says Governor

Japanese Lawmakers to Propose Digital Yen in Response to China’s Digital Yuan

January 24, 2020 by Anthonia Isichei at News

A group of Japanese lawmakers from the country’s ruling Liberal Democratic Party is planning on a proposal for Japan to issue a national digital currency, otherwise known as the digital yen. The need to develop a digital yen would seek to counter China’s digital yuan; meanwhile, more central banks across...

Malaysia Provides Regulatory Framework for IEOs, Bans ICOs

January 16, 2020 by Anthonia Isichei at News

Malaysia’s Securities Commission (SC) recently published a regulatory framework for Initial Exchange Offerings (IEOs). The new guideline declared Initial Coin Offerings (ICOs) illegal, making IEOs the only recognized means of conducting digital token sales. Malaysia’s Securities Commission Regulate IEOs Per a report by Fintech News Malaysia on January 15, 2020,...

Facebook’s Libra is not Welcome in Australia According to RBA

January 9, 2020 by Edoardo Vecchio at Regulation

The Reserve Bank of Australia has serious doubts about Libra's success within the nation. In an article published by afr.com on January 9, the RBA sustains that even if it meets all regulatory requirements, there won't be enough demand for domestic payments in the stablecoin. The RBA's Opinion Even if...

South Korean Authorities Formulate Legislation to Boost Mainstream Bitcoin Adoption

January 8, 2020 by Ogwu Osaemezu Emmanuel at Regulation

South Korea's Presidential Committee on the Fourth Industrial Revolution (PCFIR) is advocating that the Korean government makes cryptocurrencies mainstream by introducing friendly regulations that will help to integrate distributed ledger technology (DLT) powered digital assets into the traditional financial world, according to an Ibtimes report. PCFIR Push to Make Cryptocurrency...

China National Blockchain Network Goes Live April 2020

January 7, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Chinese authorities have revealed that the country’s Blockchain Services Network (BSN), a project that has been under development since last year, with an aim to provide the masses with a platform to easily deploy their distributed ledger technology (DLT) applications without having to create their own private networks, will officially...

Ethereum in a machine of cogs Dapp and bank-threatening ideas

Bitcoin Bitwala Advances DeFi Initiative and now Supports Ether (ETH)

January 7, 2020 by Ogwu Osaemezu Emmanuel at Ethereum

Bitwala, Europe’s leading payment service provider and bitcoin (BTC) bank headquartered in Berlin, has announced that it’s now supporting ether (ETH), the second-largest distributed ledger technology (DLT) based virtual currency by market cap. With the move, Bitwala customers will now be able to buy and sell ether (ETH) right from...

Longfin CEO Finally Reaches Settlement with U.S. SEC

January 6, 2020 by Osato Avan-Nomayo at Regulation

Venkata Meenavalli, former CEO of Longfin Corp. has finally settled with the U.S. Securities and Exchange Commission (SEC) according to a statement issued by the Commission earlier in January 2020. Longfin was one of the companies that made a pivot into blockchain and crypto during the 2017 bull run. Meenavalli...

U.K.: Ziglu Cryptocurrency Bank Eyes 2020 Debut

January 6, 2020 by Aisshwarya Tiwari at Regulation

Mark Hipperson, the former head of Barclays, recently shared his plans of launching a new digital banking venture dubbed Ziglu in the U.K. in 2020. This, according to a report by San Francisco Tribe, January 6, 2020. Ziglu to Bolster the U.K. Financial System The U.K. has recently found itself...

U.S. Law Firm Sued by Crypto Investment Fund for Fallacious Advice

January 3, 2020 by Ashwath Balakrishnan at Regulation

Faegre Baker Daniels, a Chicago-based law partnership, is being accused of legal negligence and "erroneous advice" by Digital Capital Management LLC, formerlly known as Crypto Asset Fund LLC. According to legal documents, Faegre Baker Daniels told the investment fund to structure their company in a particular way, citing that crypto...

Silhouette with Bitcoin Struck through on a Chalkboard

Bitcoin Has No Real-World Utility, Says Lending Tree Economist Kapfidze

January 2, 2020 by Osato Avan-Nomayo at Bitcoin

2020 is less than a couple of days old but the Bitcoin (BTC) critics are out with the same tired rhetoric as Lending Tree Economist Tendayi Kapfidze tells Yahoo Finance that the top-ranked crypto is a “pyramid scheme.” Same FUD, Different Year In a rehash of old anti-Bitcoin rhetoric, Kapfidze,...

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