Authorities to regulate one of the world’s biggest Bitcoin markets

Two Nigerian regulatory bodies, the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), have agreed to conduct research to regulate and govern the sector’s booming Bitcoin and crypto market.

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Peter Schiff says govt should not regulate Bitcoin; criticizes Elon Musk

Peter Schiff, chairman of Schiffgold and long-time Bitcoin critic thinks that US government should not regulate Bitcoin. In his latest tweet, Schiff also stated that he was not against people buying oThe post Peter Schiff says govt should not regulate Bitcoin; criticizes Elon Musk appeared first on AMBCrypto.

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I Don't Think Government Should Regulate Bitcoin: Peter Schiff

Prominent Bitcoin opponent Peter Schiff believes governments should not regulate Bitcoin; he has not changed his take on BTC, though

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This is the biggest hurdle Bitcoin faces when it comes to cross-border txns

Bitcoin has grown by leaps and bounds over the past year. However, as is often the case, growth and attempts to regulate often go hand-in-hand, with the past year also seeing increasing efforts at regThe post This is the biggest hurdle Bitcoin faces when it comes to cross-border txns appeared first on AMBCrypto.

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South Africa’s Primary Financial Regulator Proposes New Crypto Regulations In The Country

Reports from Bloomberg confirms that South Africa’s primary financial regulator, Financial Sector Conduct Authority (FSCA), is planning to regulate cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

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Extremism and Cryptocurrency: The Story Too Big to Ignore

In this episode, Anna Baydakova, Danny Nelson, and Tanzeel Akhtar discuss livestreaming the insurrection on a blockchain, Iran taking the mining industry under control, and if Europe can regulate bitcoin.

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Bitcoin Logs Revenge Recovery as Lagarde Calls for Global Regulation

Bitcoin prices drifted higher on Wednesday, breaking away from bearish calls as Christine Lagarde raised the need to regulate it at the global level. In an interview with Reuters, the European Central Bank President said that Bitcoin is a highly speculative asset that has facilitated “some reprehensible activity,” such as money laundering, adding that “there […]

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Janet Yellen and the Fed Will Continue to Push Bitcoin to New Highs in the Next 5 Years: Celsius Network CEO

US Treasury Secretary Steven Mnuchin hasn’t been really good for cryptocurrencies. As we reported, the Treasury said in a statement on Monday, “There is strong support across the G7 on the need to regulate digital currencies.

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Bitcoin Falls as Mnuchin [Reportedly] Plans to Regulate Private Wallets

The flagship cryptocurrency hit an intraday low of $17,150 in early Asian hours Monday, down more than 12 percent from its year-to-date peak of $19,500.

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Kyrgyzstan's central bank moves to regulate cryptocurrencies with new draft law

Seems like the entire world is taking notice of Bitcoin and the wider cryptocurrency market. The Central Asian country of Kyrgyzstan is the latest to do so after the National Bank of the Kyrgyz RepublThe post Kyrgyzstan's central bank moves to regulate cryptocurrencies with new draft law appeared first on AMBCrypto.

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Despite Blanket Ban in 2018, Pakistan Regulators Look to Build Friendly Framework for Digital Assets

Pakistan seems to realize the potential of digital assets in the financial future as the country seems geared up for formulating a new framework to regulate cryptocurrencies such as bitcoin. This is highly bullish since Pakistan was among the very few countries that in mid-2018 blanket banned digital assets in any form.

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Abkhazia Lifts Two-Year Ban on Bitcoin Mining, Moves to Regulate the Sector

Abkhazia, the self-governing but disputed territory of just 245,000 people sandwiched between Russia and Georgia, has lifted its two-year ban on cryptocurrency mining. The ban came into effect in December 2018 after a surge in mining activity left the region facing an energy crisis.

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Israel Wants To Classify Bitcoin as a Currency to Amend the High Capital Gains Taxation

Israel is considering making Bitcoin a currency, according to a new bill that was tabled by four members of the Nationalist party Yisrael Beiteinu, which aims to regulate better the taxations of digital currencies in the country.

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Venezuelan Government Plans to Regulate All Bitcoin Mining

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Poland’s Financial Watchdog Mulls Crypto Regulation 

Polish Financial Supervision Authority (KNF), is now pondering on whether to regulate bitcoin (BTC) and other cryptocurrencies in the nation. The regulator is looking to formulae a uniform crypto regulatory framework that will govern crypto-linked businesses and is now seeking feedback from financial institutions and other stakeholders in ts cryptospace, according to reports on JulyRead MoreRead More.

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U.K. Authorities Seek to Regulate Bitcoin Related Adverts 

Her Majesty’s Treasury (HMT), in collaboration with the government of the United Kingdom, has put up a proposal that seeks to give the country’s financial watchdog, the Financial Conduct Authority (FCA), the power to regulate some crypto-related advertisements in the region.

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The CFTC to Further Legitimize Bitcoin With Regulated Derivatives

In its strategic plan for 2020-2024, the CFTC will develop a framework to regulate and promote digital assets. Alongside Coinbase’s IPO dreams, this could be a catalyst for major adoption...

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Here’s How Proposed Stablecoin Regulations Could Play In Favor Of Bitcoin and XRP

This week, Central banks got recommendations to heavily regulate, if not ban, stablecoins. The recommendations were outlined by the Financial Stability Board (FSB). This organization makes recommendations about financial systems to central banks and finance ministers of G20 member countries.

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Reserve Bank of Zimbabwe Drafting Policy Framework to Regulate Digital Currencies

The Reserve Bank of Zimbabwe (RBZ) is interested in regulating digital currencies and has already started drafting a policy framework. This move came weeks after India curbed the ban imposed by the reserve bank of India on banks and financial institutions preventing them from dealing with individuals and businesses dealing with cryptos. Bitcoin has also […]

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Reserve Bank of Zimbabwe to regulate crypto; an effort to heal economy?

At press time, Bitcoin sentiment was extremely fearful; however, this did not stand in the way of crypto adoption. According to reports, Reserve Bank of Zimbabwe [RBZ] has begun work on the draft of aThe post Reserve Bank of Zimbabwe to regulate crypto; an effort to heal economy? appeared first on AMBCrypto.

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Zimbabwe Finally Decides to Regulate Cryptocurrency

Zimbabwe has long been a hive of cryptocurrency trading. But aside from some rumors after the government banned forex trading in Oct 2019, bitcoin’s fate in this country has been someone uncertain. Not for much longer, though.

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Ukraine Mandates Citizens to Declare Bitcoin (BTC) Holdings for Tax Purposes

In a bid to regulate its cryptocurrency space, Ukraine‘s National Agency for Prevention of Corruption (NAPC) has defined clear rules for declaring cryptocurrencies as intangible assets. As such, taxpayers in the country have been mandated to report their crypto holdings following these guidelines, according to a Forklog report on March 3, 2020.

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US Officials Hint at Extra Regulation for Bitcoin

Various governments are still looking to actively regulate Bitcoin and cryptocurrencies. In the US, it appears that some new proposals aim to achieve that goal. With the Federal Reserve exploring the issuance of a CBDC, regulation isn’t too far behind.

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Brussels Asks Europeans How to Regulate Bitcoin, Public Consultation Continues Into March

The European Commission is gathering feedback from EU citizens, businesses, regulators and other interested parties to establish a regulatory framework for crypto assets and markets on a European level.

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China may Decide to Regulate Bitcoin After all

Cryptocurrency regulation remains a controversial topic in different regions. Many hope to see some sort of solution emerge out of China, and it may be closer than one may think. Bitcoin and other digital assets have proven very difficult to regulate in many different ways.

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This Could Lead to a Bitcoin (BTC) Price War

China started the decline in BTC price and miners releasing additional supply into the market further put pressure S9-Antminer rigs no longer profitable, so the old machines need to get a shakeout. Miners are easy to regulate and provides tax revenue benefit unlike crypto exchanges that helped fuel speculation and capital flight in China What is […]

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Bakkt Parent Firm ICE Brings Bitcoin ‘Cash-Settled’ Futures to Singapore

Bitcoin’s ‘cash-settled’ futures market is coming to Singapore. ICE, the operator behind Bakkt’s BTC futures firm, has chosen to offer this new product, which will be traded on ICE Futures Singapore.

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Presidential Candidate Andrew Yang Discusses His Plan for Cryptocurrencies

Presidential candidate Andrew Yang has detailed his plans to regulate the digital economy if he were to become the President of the United States. Yang’s recent blog post called “Regulating technology firms in the 21st century,” explains how the candidate believes current American legislators are out of touch with innovative technologies.

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Governments Viewing Crypto as a Threat Will Be Left Behind

In recent commentary at a New York blockchain conference, IRS Criminal Investigation Chief John Fort said the agency is now turning its focus to crypto ATMs and kiosks, as well as American users of foreign exchanges.

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State Bank of India Chief Says Crypto Regulation Is a Must

The chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.

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UK Govt: Cryptocurrency Derivatives Ban is FCA Business

The UK government says the Financial Conduct Authority (FCA) is firmly within its right to regulate the crypto space, amid reports of a potential ban on cryptocurrency derivatives. Per a report from Finance Feeds, the government highlighted the FCA’s independence, placing it outside the ambit of the executive.

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IMF To Warn Central Banks That Payment Narratives are Shifting Away From Them

Central bankers and finance ministers are set to come together for the World Bank annual meeting, and the IMF has some strong advice for them: regulate digital currencies or watch your monetary monopoly lose power.

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Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky

The new administration in Kiev, headed by the young president Volodymyr Zelensky, has brought renewed interest in cryptocurrencies. Fresh energy is now being injected into efforts to legalize decentralized digital money and regulate related economic activities.

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EU Financial Services Chief Hints at Broad Cryptoasset Regulation

During a parliamentary confirmation hearing, the European Commissioner for Financial Stability and Financial Services, Valdis Dombrovskis, said that the E. U. is planning to regulate cryptoassets following the unanticipated wake-up call from Libra.

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Bitcoin and blockchain make headway as Malta signs MoU with European countries

For quite some time now, Bitcoin and other cryptocurrencies have been one of the frequently discussed topics among the regulators. This could be attributed to various reasons: rise in interest in cryptocurrencies, launch of Libra, and institutions venturing into the digital currency space.

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Around The Block With Jeff and Dave – October 2, 2019

A Deep Dive on Bitcoin and Fiat. The SEC wants to regulate Bitcoin with star ratings and Bitcoin gets 1 star. The Feds are injecting hundreds of billions diluting the US Dollar. We cover what happened when Venezuela’s economy crashed and how that could happen in the US.

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Increasing use of Bitcoin, other digital assets will have people change their spending behaviours, claims Tyler Lindholm

While the U. S. government has been skeptical of crypto’s entry into mainstream finance, the State of Wyoming’s jurisdiction has recently been more open to regulate the innovation. To share a closer look at the latest developments within the state of Wyoming, politician Tyler Lindholm featured in a podcast along with Caitlin Long and Trace Mayer.

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Bitcoin Secures A Place In The Macro Landscape, Becomes The 29th Largest Currency Across The Planet

Bitcoin (BTC) is a virtual currency, designed in 2008 to work as a medium of interchange to safeguard financial transactions, regulate the formation of additional units, and validate the transfer of funds.

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Dutch Financial Watchdog to Regulate Cryptocurrencies in Q1 2020

The Netherlands’ central bank, De Nederlandsche Bank (DNB), a member of the European System of Central Banks (ESCB), has announced plans to start regulating bitcoin-linked businesses from January 10, 2020, according to a Reuters report on September 3, 2019.

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Mike Pompeo Buttresses the need for Amenable Bitcoin Regulations

In an interview with CNBC’s Squawk Box on August 2019, United States Secretary of State Mike Pompeo has made it clear that the U. S. must regulate bitcoin and altcoins just like other digital payment systems and electronic financial transactions in the state, to make it harder for bad actors to use them in aiding theirRead MoreRead More.

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US Secretary of State Wants Bitcoin To Be Regulated Similar to Other Electronic Transactions

Mike Pompeo, the U. S. Secretary of State, wants to regulate Bitcoin (BTC). According to him, the asset should be regulated in the same way that all other financial transactions which made online currently are.

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US Secretary of State Wants to Regulate BTC Like Other E-Transactions

U.S. Secretary of State Pompeo believes that Bitcoin should be regulated the same way as other electronic financial transactions

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Indian Apex Court Grills RBI over Bitcoin Trading Ban

The courtroom battle between India’s bitcoin exchanges and the central bank appears to go in favor of the former. In a hearing today, the Supreme Court judge asked the Reserve Bank of India (RBI) that why it chose to ban bitcoin trading when it could regulate it.

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Crypto Regulations Are Changing Worldwide to Comply With FATF Standards

Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data.

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More Cities and Regions Accepting Coins for Taxes, Services

Cryptocurrency payments, as convenient as they can be, are still something most governments are trying to wrap their heads around and regulate. Local authorities, however, being closer to the citizens they are called upon to serve, are often quicker to adopt novelties that make their lives and the lives of ordinary people much easier.

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UK’s Financial Conduct Authority will not regulate Bitcoin and Ethereum

The UK’s financial regulator, the Financial Conduct Authority says it will not regulate Bitcoin or Ethereum - viewing them as ‘decentralized tokens used as a means of exchange’ and therefore outside its regulatory scope.

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Bitcoin And Ether Don’t Need Regulation: UK Finance Watchdog

The UK’s top financial watchdog has concluded that Bitcoin and Ether do not require regulation, whereas utility tokens and some stablecoins will. The FCA Makes Decision on Bitcoin & Crypto Regulation Only July 31, the Financial Conduct Authority (FCA), announced that it will not regulate Bitcoin and Ethereum.

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Indian Finance Minister Addresses Crypto Proposal – Industry Responds

India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed and incomplete.

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Calls Intensify for Indian Government to Regulate Cryptocurrency

Since the Indian government unveiled a draft bill to ban cryptocurrency, the crypto community has ramped up its efforts to influence the government’s final decision. The community has plans to reach out to parliament members to show them how flawed the crypto recommendations the government is examining are.

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