Archive | regulation

Likely NY Fed Reserve President Admits Crypto Bias

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 […]

EU and Taiwan Push For Bitcoin Transparency

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 […]

EU Parliament Votes to Tighten Controls on Cryptocurrencies and Require Registration of Exchanges

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… […]

This Year’s ICO Funding Has Exceeded All of 2017

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 […]

UK MP Talks of Blockchain’s “Monumental Impact”

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: […]

Slow and Steady Wins the Race: This Canadian Exchange Is Leading the Way on Regulation

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 […]

Macau Warning to Public Over Possible Fraud with Cryptocurrency Firm, Links to Cambridge Analytica

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… […]

G20 Hands On Crypto Discussions At Washington Today

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 […]