#Regulations News

libra neing expelled from EU doors finger

France Finance Minister Intends to Block Facebooks Libra Cryptocurrency in Europe

September 13, 2019 by Anthonia Isichei at Altcoins

The French Finance Minister has vehemently stated that Facebook’s cryptocurrency, Libra, would not be given a chance to develop on European soil. According to a report by RT on September 12, 2019, Facebook’s cryptocurrency is risky for the European market. Libra is a Threat to Sovereign Currencies Bruno Le Maire,...

Mike Pompeo Buttresses the need for Amenable Bitcoin Regulations

August 21, 2019 by Ogwu Osaemezu Emmanuel at Regulation

In an interview with CNBC’s Squawk Box on August 2019, United States Secretary of State Mike Pompeo has made it clear that the U.S. must regulate bitcoin and altcoins just like other digital payment systems and electronic financial transactions in the state, to make it harder for bad actors to...

Ripple Combats Investors After Complaints Allege Company of Selling Unregistered Securities

August 19, 2019 by Ashwath Balakrishnan at Altcoins

A group of investors has filed a complaint against Ripple with the Securities and Exchange Commission (SEC) for dumping illegal securities on investors in the token, as reported by Forbes, August 18, 2019. Bitcoin influencer Tone Vays has taken delight to this, claiming the SEC will "bring down Thor's hammer"...

Crypto Mom Hester Pierce Hugged by crypto

SEC’s “Crypto Mom” Eager to Offer Regulated Platform for the Sale and Issuance of Tokens and Cryptocurrencies

August 5, 2019 by Ashwath Balakrishnan at Regulation

At the Convergence Forum held at the Singapore University of Social Sciences (SUSS), the SEC Commissioner, Hester Peirce, declared her desire to offer a non-exclusive safe harbor for the exchange of tokens and coins. There would almost certainly be a screening process for which tokens deserve to be listed as...

Kenyan hands receiving kenyan cryptocurrencies

Kenya’s Blockchain Task Force Advises Government to Consider Initial Coin Offerings

July 30, 2019 by Anthonia Isichei at Altcoins

The blockchain and cryptocurrency task force established by the Kenyan government is requesting that the authorities enable the development of initial coin offerings (ICOs). According to a report on iTWeb Africa on July 29, 2019, the country’s task force believes that ICOs would help local startups fund projects. ICOs to Help...

A man with a big magnet collecting delicious cryptocurrencies

Small Nations Attracting Crypto Startups with Amenable Regulations

July 29, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

While large nations like the United States, the United Kingdom, and others are still sitting on the fence in terms of cryptocurrency regulations, smaller nations such as Malta, Belarus, Bahrain, and others have implemented clear cut guidelines for bitcoin-linked businesses, making these regions a hotbed for startups, reports Reuters on...

Ripple Execs Urge U.S. Authorities to Focus on Regulatory Clarity for Cryptocurrency

July 29, 2019 by Anthonia Isichei at Regulation

Ripple CEO, Brad Garlinghouse, and Executive Chairman and Co-founder of Ripple, Chris Larsen, expressed concerns regarding regulatory ambiguity in the United States. In an open letter to the U.S. Congress on July 28, 2019, both top executives stated that lack of clear cryptocurrency regulations is bound to stifle crypto business...

Steve Mnuchin Claims G7 Finance Ministers and Central Bankers Concerned About Libra

July 20, 2019 by Ashwath Balakrishnan at Finance

The Treasury Secretary of the United States of America, Steve Mnuchin, told CNBC in an exclusive interview that G7 financial heads were not comfortable with Libra and expressed their doubts over the ability of the payment consortium to adhere to anti-money laundering (AML) and money transmission regulations. A variety of...

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...

Bitcoin Suisse Applies for Banking License with Swiss Regulators

July 17, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

In a bid to expand its crypto product offerings and strengthen its position as a global provider of crypto-based financial services, Bitcoin Suisse AG has applied for a banking license with the Swiss Financial Markets Supervision Authority (FINMA), according to a press release on July 16, 2019. Bitcoin Suisse Seeks...

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