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Deloitte Approves Gemini Crypto Exchange in High-Level Security Evaluation

News U.S.-based crypto exchange and custodian Gemini has finished a SOC 2 Type 2 evaluation, proving the operation’s security. “The Type 2 is the highest level of security compliance that any organization can demonstrate,” Gemini’s head of risk, Gemini Yusuf Hussain, told Cointelegraph in an inter..

World Economic Forum Debuts Framework for Central Bank Digital Currency

News The World Economic Forum (WEF) — together with some of the world's major central banks — has created a central bank digital currency (CBDC) policymaker toolkit. According to an announcement on Jan. 22, the toolkit is the WEF's attempt to help policy-makers understand whether deployi..

Blockchain Association Supports Telegram in Legal Battle With SEC

News The Blockchain Association has filed an amicus curiae brief in response to litigation against Telegram initiated by the United States Securities and Exchange Commission (SEC). The Blockchain Association, a collective of advocates involved with the blockchain industry, filed an amicus curiae b..

Australian Financial Regulator Could Oversee Facebook’s Calibra Wallet

News The Australian Prudential Regulation Authority (APRA) is seeking to oversee stablecoin projects like Facebook's controversial stablecoin Libra. In an official proposal to the Senate published on Jan. 20, APRA submitted a possible regulatory framework dedicated to fintech and regulatory t..

Thai SEC Grants License to Asia-Pacific Crypto Exchange

News Thailand’s securities regulator has granted a coveted digital assets exchange license to Asia-Pacific crypto-fiat trading platform Zipmex. According to a press release shared with Cointelegraph on Jan. 20, Thailand’s Ministry of Finance and the Thai Securities and Exchange Commission (SEC) ap..

South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies

News South Korea’s Ministry of Economy and Finance is considering imposing a 20% tax on income from cryptocurrency transactions. According to a report published by local English-language news outlet The Korea Times on Jan. 20, the ministry had reportedly ordered its income office to review cryptoc..

Canadian Regulator Issues New Guidance for Cryptocurrency Exchanges

News Canadian authorities have issued new guidance to determine which digital currency trading platforms fall under derivatives law. The Canadian Securities Administration (CSA) explained new provisions in the “Guidance on the Application of Securities Legislation to Entities Facilitating the Trad..

Libra Association Forms Steering Committee to Guide Technical Development

News The Libra Association — the government body of the eponymous stablecoin introduced by Facebook in late 2019 — has formed a new committee to guide the network’s technical development. According to an announcement on Jan. 16, the Libra Association has voted to establish the five-member Technic..

Prepare for Liftoff — South Korea’s Crypto Regulation Ignites in 2019

New Year Special South Korea remains the third-largest crypto exchange market by volume, just behind the United States and Japan. Despite that, throughout the past three years, the government of South Korea has opted against fully regulating the local crypto market. In the second half of 2019, the..

US SEC Warns Investors That IEOs May Be Breaking Securities Law

News The U.S. Securities and Exchange Commission (SEC) sent out a warning today from its Investor Education and Advocacy wing, urging citizens to be wary of initial coin offerings (IEOs). In a Jan. 14 statement on its website, the SEC said: “Be cautious if considering an investment in an IEO. Clai..

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