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Hong Kong Regulator to Unveil New Cryptocurrency Exchange Rules

News Hong Kong’s financial regulator — the Securities and Futures Commission (SFC) — will publish a new set of regulations for Bitcoin (BTC) and cryptocurrency exchanges today. The news, reported by Reuters on Nov. 6, was announced by Chief Executive Ashley Alder at a local fintech event. Regulat..

Bitcoin Ban Means India Will Get More Corrupt Under Modi — Tim Draper

News India is leaving itself vulnerable to corruption by attempting to ban cryptocurrencies such as Bitcoin (BTC), says Tim Draper. Speaking to California-based media outlet Indica on Oct. 31, the pro-Bitcoin VC investor called on prime minister Narendra Modi to rethink the current hostile enviro..

Calibra Head David Marcus Touts Libra’s Money Laundering Standards

News Calibra CEO David Marcus recently claimed that the Anti-Money Laundering (AML) standards of Libra — Facebook’s proposed stablecoin project — will be better than other payments networks. Citing statements from Marcus’ speech at the Money 20/20 conference in Las Vegas, finance publication Finex..

China Warns Against Cryptocurrency ‘Speculation’ Amid Blockchain Hype

News China should embrace blockchain technology but not “speculate” about cryptocurrencies such as Bitcoin (BTC), state media claim. State newspaper: “We must remain rational”As Reuters reported on Oct. 29 quoting local news outlet the People’s Daily, Beijing’s previously-announced support for blo..

FinCEN Chief: Cryptocurrency Firms Aren’t Above the Law

Like it or not, cryptocurrency firms have long operated in a legal gray zone. For most of Bitcoin’s ten-year lifespan, exchange platforms and other services providers didn’t implement Know Your Customer (KYC) and Anti Money Laundering (AML) procedures. But this is changing. And quick.Bitcoin & C..

Can Political Fundraising Through Crypto Find Mainstream Acceptance?

Analysis A Reuters report published on Oct. 8 claimed that Japan’s internal affairs and communications minister, Sanae Takaichi, confirmed to ministers in the country that crypto donations are not subject to financial regulations. However, in the same announcement, Takaichi mentioned that donating..

Supreme Court of India Postpones Cryptocurrency Ban Hearing to November

News The Supreme Court of India has postponed a hearing that would consider the Reserve Bank of India’s (RBI) ban on providing services to cryptocurrency-related business. In an Oct. 16 session on the ban that prohibits banks and financial institutions from providing digital currency-related servi..

DCG Survey: Blockchain to Lead in Payments and Asset Tokenization

News Almost 23% of Digital Currency Group (DCG)'s portfolio firms believe that asset tokenization will be the next major use case for blockchain. To prepare the survey, DCG received responses from more than 60 of its portfolio companies. According to DCG’s 2019 annual survey, 22.73% of its p..

UK’s Central Bank Establishes Provisions for Facebook’s Libra

News The United Kingdom’s central bank has established provisions that Facebook’s yet-to-be-released Libra stablecoin must comply with in order to be issued in the country. The Bank of England presented its latest Financial Policy Summary and Record at a Financial Policy Committee (FPC) meeting he..

US Senators Warn Three Facebook’s Libra Backers of Membership Risks

News Three backers thought to be reconsidering their involvement in Facebook’s digital currency Libra have received warnings from the United States’ politicians over participating. Senate Letter: Facebook’s problems are your problemsAccording to Bloomberg’s article published on Oct. 9, a letter to..

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