#Regulations News

France: Financial Regulator Greenlights ICO for Renewable Energy Provider

June 3, 2020 by Aisshwarya Tiwari at Regulation

French stock market regulator - the Autorie des Marches Financiers (AMF) – has OK’d an initial coin offering (ICO) for a French renewable energy provider named WPO. The regulator approved the ICO under its “ICO visa” scheme on May 12, Coindesk reports, June 3, 2020. WPO Approved to Raise Funds via ICO...

Hand Holding a Bitcoin and the Swiss Flag

Switzerland: FINMA Approves InCore Bank to Carry Out Cryptocurrency Transactions

May 31, 2020 by Aisshwarya Tiwari at Regulation

Swiss financial watchdog, the Swiss Financial Market Supervisory Authority (FINMA) has given the go-ahead to InCore bank to engage in digital asset transactions, the bank announced recently. FINMA Approves InCore Bank for Cryptocurrency Transactions Swiss regulators continue to make crypto-banking services easily-accessible for customers as according to a recent development,...

IMF Explores the Synergies Between Privately Backed Stablecoins and CBDCs

IMF Senior Official Says Private Corporations Can Bolster Digital Currencies

May 27, 2020 by Aisshwarya Tiwari at Regulation

Digital currencies are being increasingly looked into around the world, with most governments and corporations alike working on some iteration of the technology. In this regard, a senior official at the International Monetary Fund (IMF) believes a private-public nexus is the way forward for CBDCs. Public-Private the Way Ahead Tommaso...

India: Conducive Regulations Aid Crypto Firm CoinDCX Raises $2.5 Million from Polychain Capital

May 26, 2020 by Aisshwarya Tiwari at Regulation

Indian cryptocurrency firms are leaving no stone unturned in recent times. The country’s government, which is rather slow in adopting technology, okayed cryptocurrency businesses to continue earlier this year, leading to a flurry of investment and technological activity. The latest to attract institutional investment is CoinDCX, a Mumbai-based crypto exchange that’s...

U.S. State of Louisiana Wants to License Cryptocurrency Businesses

May 25, 2020 by Aisshwarya Tiwari at Regulation

Officials in Louisiana's lower chamber have approved a proposal to regulate cryptocurrency businesses in the Southern U.S. state, if a recent development is considered. Louisiana's Crypto Push As reported by The Block on May 24, public records in the Louisiana state legislature show the proposal was passed and approved last...

Iran: President Rouhani Seeks Renewed National Crypto Strategy

May 22, 2020 by Aisshwarya Tiwari at Regulation

According to a report by Iran-based news site ArzDigital, Iranian President Hassan Rouhani has directed the national government to chalk a new strategy for cryptocurrency mining. Iranian President Calls for Clear Crypto Mining Strategy Earlier this week, Iran President Rouhani instructed the officials from the Central Bank of Iran (CBI),...

Wyoming Has a Bill to Exempt Blockchain Tokens from Securities and Money Transmission Laws

U.S.: Lawmaker Proposes Securities Exemption for Crypto Tokens

May 8, 2020 by Anthonia Isichei at Regulation

A bill introduced by a lawmaker of the California Assembly is proposing an exemption of select crypto assets from California’s securities laws. Crypto Tokens May Enjoy Exemption From Securities Law in California According to a proposed bill by Democrat Ian Calderon and amended in the California Assembly on May 4,...

Wilsons Auctions to Conduct Ireland’s First Public Online Bitcoin Auction Sale

March 9, 2020 by Anthonia Isichei at Bitcoin

Wilsons Auctions, a leading auctions company in Ireland and the UK, announced plans to auction over $125,000 worth of seized bitcoin and other digital currencies. Although not the company’s first crypto auction sale, this is the first online public bitcoin auction in Ireland. $125,000 Worth of Bitcoin Auctioning in Ireland...

U.S.: Rep. Paul Gosar Introduces “Crypto-Currency Act of 2020”

March 9, 2020 by Aisshwarya Tiwari at Regulation

In the latest pro-crypto development in the U.S., on March 9, 2020, Representative Paul Gosar (R-AZ) introduced the “Crypto-Currency Act of 2020” which seeks to create a conducive environment for digital assets in the country. Crypto-Currency Act of 2020 Promises A Conducive Regulatory Framework Historically anti-crypto governments the world over...

Dubai to Launch Blockchain-based Marketplace for Travel and Tourism

UAE: Moody’s Rates Dubai’s KYC Blockchain Platform “Credit Positive”

February 26, 2020 by Aisshwarya Tiwari at Blockchain, Regulation

According to a report by The National published on February 26, 2020, a recently formed consortium of six banks and licensing authorities in the UAE has been declared “credit positive” for lenders in the country by Moody’s Investors Service. UAE Embracing Blockchain Heads-On Gulf countries, in particular, have emerged as...

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