Tag: Regulation
CFTC Requests Default After Failing to Find $147M Bitcoin Ponzi Operator
News
The United States Commodity Futures Trading Commission (CFTC) has requested that the alleged founder of the crypto $147 million Ponzi scheme Control-Finance be declared a default.
On April 3, the CFTC filed for a ruling of default after Control-Finance’s alleged founder and director, Benjamin..
Coinbase-Backed Crypto Rating Council Lists IOTA, BAT, and USDC
News
The question of whether certain cryptocurrencies constitute securities is becoming increasingly relevant within the blockchain industry. As such, some core players in the space are upping their efforts to bring more understanding to the issue.
The Crypto Rating Council, or CRC, is a group of ..
Malaysian Securities Regulator Approves Crypto Trading Platform
News
Following a nine-month-long probationary period, Malaysia-based cryptocurrency trading firm, Tokenize Malaysia, has received full approval from local securities watchdog.
With the approval to operate a Digital Assets Exchange, the company’s cryptocurrency trading platform, Tokenize Xchange, b..
As Malta Delays Regulatory Clarity, Fewer Firms Remain on ‘Blockchain Island’
Analysis
It seems that Malta is becoming both less popular among and less populated with crypto firms. The European Union country attracted dozens of industry players in 2018 on the back of the “blockchain island” agenda championed by the local government, but the relevant framework has not yet pr..
Global Finance Authority Urges U.S. to Step Up Crypto Regulation
Even with the coronavirus outbreak, 2020 still seems to be the year where crypto will become seriously regulated.
Case in point: At the end of March, the Financial Action Task Force (FATF) explained in its latest report on the state of compliance in the U.S. that it is lacking proper crypto regulat..
Brazilian Regulators Create DLT Platform for Screening Politicians
News
Four of Brazil’s financial regulatory institutions are collaborating to build a streamlined blockchain-based data-sharing platform to perform background checks on political representatives and corporations.
The platform, dubbed PIER, was developed by Brazil’s central bank Banco Central do Bra..
Chinese Regulator Accuses Crypto Exchanges of Fraudulent Volumes
News
The National Internet Finance Association of China (NIFA) warned investors that cryptocurrency exchanges located outside of the country are engaged in manipulative practices on April 2.
The People’s Bank of China (PBoC)-affiliated regulator cautioned investors that many off-shore exchanges wa..
Crypto Friendly Laws Help Boerse Stuttgart’s App Top 100,000 Users
News
The cryptocurrency trading app of Germany’s second-largest stock exchange, Boerse Stuttgart, exceeded 100,000 users on March 30 amid increasingly permissive regulations in the country.
The Bison app, which launched on Jan. 31st, 2019, has attracted a six-figure user base in just 14 months.
Bi..
SEC Postpones Decision on Overstock-Affiliated Security Token Exchange
News
The United States Securities and Exchange Commission is seeking more feedback and more time before it decides whether to approve the launch of the Boston Security Token Exchange (BSTX).
In a letter published on April 1, the regulator postponed the current April 2 deadline in light of response..
FATF Report: US Is Not Focusing Enough on Crypto Financial Risk
News
The Financial Action Task Force (FATF) has reevaluated the United States on its compliance with global anti-money laundering (AML) and counter-terrorist financing (CFT) regulations. According to the report published on March 31, the U.S. is only “largely compliant” with FATF regulations on cr..
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