Regulation

India Considers Allowing Only Preapproved Cryptocurrencies — Crypto Regulation Expected by Year-End: Report

Source Node: https://news.bitcoin.com/india-preapproved-cryptocurrencies-crypto-regulation-expected-year-end/
Time Stamp: November 19, 2021 9:30 AM - Modified On: November 19, 2021 - Published By:
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India is reportedly considering allowing only preapproved cryptocurrencies to be listed and traded on exchanges. In addition, the government aims to both introduce and pass a cryptocurrency law by year-end. Indian Crypto Regulation and Preapproved Cryptocurrencies India is considering allowing only cryptocurrencies that have been “preapproved by the government” to be listed and traded on exchanges, Reuters reported Thursday, citing two sources familiar with the discussions. The approval process is intentionally cumbersome to deter investors from holding cryptocurrencies, the sources said, adding that the government is unlikely to go through

This Country is promoting Crypto businesses, but here is the Catch

Source Node: https://coingape.com/this-country-is-promoting-crypto-businesses-while-imposing-strict-regulations-and-hefty-taxes/
Time Stamp: November 19, 2021 4:14 AM - Modified On: November 19, 2021 - Published By:
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The government of Laos issued exclusive crypto regulation guidelines this Tuesday, encouraging cryptocurrency mining operations and trading platforms in the nation, but assuring that the government also benefits from the industry. While attempting to pull off a rather commercial move as something charitable, Laos’ Minister of Technology and Communications, Dr. Boviengkham Vongdara backed the new guidelines, noting that the regulations are aimed at protecting legitimate rights and interests of both operators and users. Native and Financially proficient Crypto businesses allowed to operate According to the updated crypto policy, crypto mining

Crypto Investor News for 11/17

Source Node: https://www.bitcoinmarketjournal.com/crypto-investor-news-for-11-17/
Time Stamp: November 18, 2021 2:16 PM - Modified On: November 18, 2021 - Published By:
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Staples Center to be Renamed Crypto.com Arena (BBC): The tipping point has arrived. Investor takeaway: Expect everyone you know to suddenly become interested in crypto investing. We’ve gone mainstream. How India is Regulating Crypto (Economic Times): India will ban crypto for payments, ban crypto advertising, and allow crypto as investments. Investor takeaway: Overall positive news for us, as it gives a government stamp of approval on crypto investing. Thank you to India for taking the lead on thoughtful regulation. ConsenSys is Now Worth $3.2 Billion (ConsenSys): Celebrating its latest funding

Global Exchange Binance Releases Crypto Bill of Rights For Traders

Source Node: https://www.coinbureau.com/news/global-exchange-binance-releases-crypto-bill-of-rights-for-traders/
Time Stamp: November 17, 2021 10:09 AM - Modified On: November 17, 2021 - Published By:
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Binance, the world’s largest crypto exchange, has released what they call the “10 Fundamental Rights for Crypto Users.” Running what Changpeng Zhao (CZ) says is Binance’s first advertisement ever, the exchange took up an entire page of London’s Financial Times with the words “CRYPTO IS EVIL.” Underneath the eye-catching phrase, Binance warns: “When it comes to crypto, Don’t let the headlines fool you. There’s a world beyond Bitcoin and Dogecoin, one where financial opportunity is accessible to everyone, not just the privileged few. Crypto belongs to all of us. But

Crypto Investor News for 11/16

Source Node: https://www.bitcoinmarketjournal.com/crypto-investors-news-for-11-16/
Time Stamp: November 17, 2021 9:47 AM - Modified On: November 17, 2021 - Published By:
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Your Crypto Rights (Binance): A manifesto for how the crypto industry needs to evolve, with a priority on your rights as an investor. Investor Takeaway: Binance, which makes up part of our Future Winners portfolio, is once again leading the charge with a future-focused take on crypto regulation. We agree with all ten points. Read them. A six-minute explainer video on DeFi, courtesy of Wall Street Journal.Investor takeaway: Remember, the platform that most DeFi is built upon is Ethereum, which is why we buy and hold ETH for the long

Israel Beefing Up Crypto and Money Laundering Regulations

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Time Stamp: November 17, 2021 1:14 AM - Modified On: November 17, 2021 - Published By:
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Israel’s Authority for Combating Terror Financing and Money Laundering has announced a tightening of regulations applying to the crypto and Fintech sectors.Sponsored Sponsored Israel is upping the ante in its fight against cryptocurrency crime. The Authority for Combating Terror Financing and Money Laundering announced via the authority director that new regulations have come into effect to combat criminal activity and normalize the use of cryptocurrency and other FinTech products. According to authority director Shlomit Wegman, the application of these regulations will help to establish order and clear standards.  The regulations

Crypto Valley Roundup – Fall 2021

Source Node: https://beincrypto.com/crypto-valley-roundup-fall-2021/
Time Stamp: November 15, 2021 3:31 PM - Modified On: November 15, 2021 - Published By:
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The Crypto Valley is known to be one of the most “crypto-friendly” regions in the world. But what specifically is happening within the Blockchain ecosystem? The “Crypto Valley Roundup” aims to provide insight and highlights from selected events every two months.Sponsored Sponsored With the first Blockchain companies settling in the area of Zug from 2013 onwards, the term “Crypto Valley” was soon born in reference to the “Silicon Valley”. Thanks to politics and regulation, Switzerland was able to create the necessary legal certainty for a flourishing ecosystem around Blockchain and

What is the FATF Guidance on DeFi?

Source Node: https://bitpinas.com/regulation/fatf-defi-guidance/
Time Stamp: November 14, 2021 9:41 PM - Modified On: November 14, 2021 - Published By:
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Share some Bitpinas love:By Hans DoringoThe Financial Action Task Force (FATF), an intergovernmental anti-money laundering watchdog, released last October 28, 2021, revisions and updates to its virtual asset guidance for virtual asset service providers (VASPs) which was first issued in 2019.In keeping with the feedback and reviews concerning the uncertainty of how the FATF would apply its VASP standards to decentralized finance (DeFi), the body proceeded on finalizing the guidance during its plenary meeting that lasted until October. The updated version of the guidance includes clarifications on FATF’s proposal to

Regulated Bitcoin Futures In LatAm: Argentina Considers Proposal

Source Node: https://bitcoinist.com/regulated-bitcoin-futures-in-latam-argetina-considers-proposal/?utm_source=rss&utm_medium=rss&utm_campaign=regulated-bitcoin-futures-in-latam-argetina-considers-proposal
Time Stamp: November 1, 2021 5:04 PM - Modified On: November 1, 2021 - Published By:
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A petition to launch regulated Bitcoin futures and options in Argentine pesos has been submitted by Matba Rofex, Argentina’s largest futures market, to the National Securities Commission (CNV). Matba Rofex is the most prominent market for futures and options in Argentina. They currently have a BTC MtR index expressed in Argentinian Pesos (ARS) calculated every 1 minute.  They have also shown interest in the direct investments of crypto-assets and startups. This petition was just disclosed to the public by the members of Matba Rofex, but the deputy general manager of

What to hope for if a Bitcoin ETF is a go

Source Node: https://ambcrypto.com/what-to-hope-for-if-a-bitcoin-etf-is-a-go/
Time Stamp: October 8, 2021 10:30 PM - Modified On: October 8, 2021 - Published By:
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The cryptocurrency and DeFi sector is still young, with much of the industry still waiting on regulatory clarity and guidance. In fact, this is a subject many proponents have commented on as well. WisdomTree CEO Jonathan Steinberg is the latest to do so, with the exec stressing on the requirements for “right regulations” in the sector in a recent interview. He said, “Some level of regulation necessary to mainstream this” While he is optimistic about the progress the industry is making with global regulators, the lack of one in the

Powers On… Don’t worry, Bitcoin’s adoption will not be stopped

Source Node: https://cointelegraph.com/magazine/2021/09/30/powers-on-bitcoins-adoption-will-not-be-stopped
Time Stamp: September 30, 2021 9:08 AM - Modified On: September 30, 2021 - Published By:
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In a series of  recent interviews and speeches, United States Securities and Exchange Commission Chairman Gary Gensler has called the cryptocurrencies market the “Wild West” due to its unregulated and allegedly fraud-filled atmosphere, predicting that the coins were doomed to fail. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches

How Binance Helps Legal Authorities Take Down Cybercriminals Laundering Illicit Funds

Source Node: https://news.bitcoin.com/how-binance-helps-legal-authorities-take-down-cybercriminals-laundering-illicit-funds/
Time Stamp: September 30, 2021 9:00 AM - Modified On: September 30, 2021 - Published By:
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sponsored According to the latest UN statistics, global money laundering transactions reach up to $2 trillion a year. A small fraction of that huge amount passes through the digital assets ecosystem, and responsible actors in it are working to bring that down even more. As the world’s leading cryptocurrency exchange, Binance has especially taken it upon itself to protect the safety and security of the virtual finance world. Here is how it helps legal authorities to take down cybercriminals laundering money. Busting the $500 Million FANCYCAT Ring In June 2021,