John Williams, widely expected to be the next president of the New York Federal Reserve, admits that he is biased against cryptocurrency, and suggests that digital currency “doesn’t pass the basic test of what a currency should be”, according to CNBC. Williams, head of the San Francisco Federal Reserve Bank, expressed in a speech on […]
In recent days, both the EU and Taiwan have moved towards tighter regulation for cryptocurrencies. The European Parliament voted on Thursday to support the European Council’s December 2017 proposal to bring in new measures to combat illegal use of digital currencies such as money laundering and financing terrorism. This policy, maintains the EU, will reduce […]
Today, April 20th, EU Parliament voted in a December agreement by 574 votes to 13 votes (with 60 abstentions), which proposed tighter regulation for digital currencies in attempts to prevent the coins from being used for money laundering and terrorism financing. The agreement will also permit EU citizens to learn about the true owners of… […]
Several venture capitalists (VCs) and entrepreneurs have been petitioning federal authorities to see certain virtual currencies in a “different light.”Right now, many cryptocurrencies are in danger of being class…
Initial coin offerings (ICOs) continue to rise in popularity; in the first three months of 2018, ICOs have managed to generate more money than they did for the entirety of 2017. According to the data collected by CoinDesk, that figure sits at USD 6.3 billion, 118% of the 2017 total. It appears that despite the […]
When Arthur Breitman, cofounder of Tezos, published a white paper on the cryptocurrency project in September 2014, he listed the author as L.M. Goodman. Later, when Breitman disclosed that he was the real author …
British Conservative Member of Parliament (MP) Matt Hancock delivered a speech to the Law Society yesterday and commented that blockchain technology will have a “monumental impact” on people’s lives in the future. At London’s Blockchain Conference held on 19 April, the MP spoke of “vast areas of public life” which he predicted blockchain would transform: […]
There’s nothing that sends shock waves through the crypto markets like the prospect of regulation. And there’s also nothing so hard to establish on a global scale. After all, how can you regulate something when you can’t agree on what category it falls into, and when laws vary across jurisdictions and cultures? One Canadian exchange, Coinsquare, is taking […]
The Department of Justice has unveiled fraud charges against a co-founder of cryptocurrency startup Centra.
Financial authorities in Macau have issued a warning over possible ‘fraud and criminal activities’ in relation to a cryptocurrency firm backed by a former gangster. The warning comes following revelations that Macau Dragon Group, a firm associated with ‘Broken Tooth’ Wan Kuok-koi, employed the British company Cambridge Analytica, to promote its token, Dragon Coin, a… […]
Taiwan will formally regulate bitcoin under anti-money laundering rules by the end of the year, says its minister of justice.
Global economic leaders are meeting today in Washington DC for the Second G20 Meeting of Finance Ministers and Central Bank Governors, with cryptocurrency regulation firmly on the agenda. As a follow-up to the Buenos Aires G20 meeting in March, where the need for a global plan for cryptocurrency regulation was initially discussed, more talks on […]
The European Parliament has voted for regulations to prevent the use of cryptocurrencies in money laundering and terrorism financing.
China-based cloud network provider Xunlei has launched a blockchain platform, undeterred by ongoing allegations it held an unlawful ICO.
Arthur Breitman, co-founder of cryptocurrency project Tezos, has been barred by FINRA from any association with broker-dealers for two years.