2020-5-31 17:39 |
Using regulation to one’s advantage is the main factor of an innovative fintech business. The best way to achieve it is closely monitoring the shifting regulatory landscape. origin »
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After his presentation at the Conference Exchanges in Amsterdam, BeInCrypto was able to ask a few questions to Josh Goodbody, Director for Growth and Institutional Business at Binance. In particular, we wanted to know what Binance does to insure funds, how Binance is affected by the new regulatory landscape, and how the coronavirus might affect […] The post Security, Regulations, and Safe-Haven Assets: BeInCrypto Interview with Josh Goodbody (Binance) appeared first on BeInCrypto.
2020-4-10 19:09 | |
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Singapore is counted among one of the crypto hubs of the world as it offers ease of business for these crypto service providers when a majority of the countries around the globe have taken a stricter regulatory approach.
2020-3-27 18:55 | |
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Hawaii launches a regulatory sandbox, “Digital Currency Innovation Lab”, a pilot program to boost the understanding of digital currencies. The program will run for two years offering crypto startups and companies an opportunity to do business in the country “without obtaining a state money transmitter license.
2020-3-20 20:02 | |
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Kraken has been warned by the Financial Conduct Authority (FCA) of the United Kingdom over its business dealings in the country. The regulatory agency claims they are unauthorized to operate in the United Kingdom.
2020-3-5 16:11 | |
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Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios.
2020-2-20 04:05 | |
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Contents Protocol, a Korean crypto startup focused on content exchange, announced that it will shut down due to a lack of business prospects and regulatory uncertainties. In a rare bout of professionalism and solidarity, the company will be refunding their investors, distributing just under 27,000 ETH on a pro-rata basis.
2020-2-19 14:26 | |
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Famous for its favorable business climate that has attracted hundreds of crypto companies, Switzerland is now expanding its financial regulatory framework. Some of the upcoming rules will increase oversight in the blockchain industry in compliance with new international standards regarding operations with digital assets.
2020-2-8 07:45 | |
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MasterCard’s Chief Executive Officer has said the payment processor abandoned the Libra project, which was led by Facebook after realizing that there were some issues regarding its business model as well as some revolving regulatory compliance.
2020-2-3 20:01 | |
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Switzerland, a nation that’s been quite positive towards crypto business, is facilitating the integration between its traditional financial sector and the blockchain industry. With greater regulatory clarity and stability coming, established banks are plucking up the courage to offer digital asset products and services helped by local fintechs.
2020-1-28 12:30 | |
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Shanghai Securities News has just reported that authorities in Beijing, China’s capital, have renewed their anti-crypto stance. Per the report and one from The Block, the Beijing Local Financial Supervision and Administration Bureau, the Business Management Department of the People’s Bank of China, the Beijing Banking and Insurance Regulatory Bureau, and the Beijing Securities Regulatory.
2019-12-27 15:00 | |
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CryptoBridge is the latest cryptocurrency exchange to shut down its business amid tightening government regulations and a shrinking altcoin market. Following on from the 2018 bear market, smaller crypto trading platforms are facing increasingly daunting challenges with many forced to cease operations.
2019-12-3 22:00 | |
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The Securities and Futures Commission (SFC) of Hong Kong has just issued a warning about high leverage crypto futures contracts. The regulator considers such products to be too high risk for the average investor and, as such, says it is unlikely to ever licence a business offering them.
2019-11-7 23:00 | |
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During Mark Zuckerberg’s congressional hearing on Libra, Congresswoman Carolyn Maloney raised the question on Facebook’s intent behind gaining regulatory clearance. In this regard, the Facebook CEO clarified that the company aims to seek approval from all of the regulators that have jurisdiction over Libra’s line of business.
2019-10-24 22:00 | |
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Over the last year, many cryptocurrency companies have set up shop in Singapore because of the clarity in regulation in the country. However, ComplyTech CEO, Michael Farah, believes that the newly announced regulatory framework could open up the discussion to more stringent regulation that could suppress activity, as reported by Payment Week, October 22, 2019.
2019-10-24 21:00 | |
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Per a press release on Business Wire on October 15, 2019, cryptocurrency and blockchain security company, CipherTrace, recently launched a platform that would trace the transactions of over 700 crypto tokens.
2019-10-17 13:00 | |
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One of Europe’s smallest but richest nations, Liechtenstein, has made a significant step towards clarifying the regulatory environment in its already crypto-friendly jurisdiction. The parliament of the German-speaking principality in the heart of Europe has just passed a law that is likely to entice even more crypto companies to its territory.
2019-10-6 20:45 | |
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The walls are all but crumbling down around Facebook’s embryonic ‘cryptocurrency’ venture, as PayPal allegedly considers calling quits on Libra. Libra Back(er)s Against the Wall First Visa, and MasterCard, and now PayPal.
2019-10-4 15:46 | |
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Ethereum and its timeline from business and legal perspectives, underlining the confusions from classification, important regulatory changes and potentially bright future
2019-9-30 22:44 | |
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U. S. Commodity Futures Trading Commission (CFTC) has appointed Coinbase’s former Vice President, Dorothy D. DeWitt, to serve as the Director of the Division of Market Oversight. Previously, she had led Coinbase as the General Counsel of Business Lines and Markets.
2019-9-18 13:00 | |
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Researchers at CoinCenter are in favour of a federal level regulatory framework to overlook intermediaries doing business with crypto assets in the United States. The non-profit organisation argues that the existing state-by-state regulations are a mess and that differing approaches in different jurisdictions limit the innovative potential of the industry.
2019-9-11 01:00 | |
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South Korean Blockchain projects are ditching the domestic market due to regulatory headaches, mainstream media report. South Korean Blockchain Projects Look Abroad Referencing a range of industry experts on August 18, local news outlet Business Korea noted the increasing tendency for Blockchain projects born in South Korea to seek out easier funding overseas.
2019-8-20 18:00 | |
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In what seems like a recurring theme, the crypto-ecosystem is finding itself at home within restricted geographies and business verticals by leveraging its “uncontrollable decentralized and private” nature to the fullest.
2019-7-29 20:00 | |
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Ripple CEO, Brad Garlinghouse, and Executive Chairman and Co-founder of Ripple, Chris Larsen, expressed concerns regarding regulatory ambiguity in the United States. In an open letter to the U. S. Congress on July 28, 2019, both top executives stated that lack of clear cryptocurrency regulations is bound to stifle crypto business in the U.
2019-7-29 17:59 | |
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Crypto conglomerate Circle announced that it will be moving the majority of its operations offshore, as regulatory uncertainty has made servicing U. S. customers increasingly difficult. The company received a full Digital Assets Business Act license in Bermuda for Poloniex, a cryptocurrency exchange it runs.
2019-7-24 23:59 | |
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As the U. S. lawmakers and the Treasury Secretary consider implementing stringent regulations against cryptocurrency, Circle has packed its bags and moved offshore to Bermuda. Circle Moves to Evade Oppressive Regulation As regulatory pressure continues to stack up against cryptocurrency companies, Circle has announced that it is moving nearly 100% of its exchange operations offshore.
2019-7-23 22:15 | |
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Circle opens up new Bermuda office with digital assets business license » CryptoNinjas Digital money firm Circle, announced today it has expanded its global offering with the launch and regulatory licensing of a new subsidiary in Bermuda.
2019-7-23 20:43 | |
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Today, we’re expanding our global offerings with the launch and regulatory licensing of a new subsidiary in Bermuda. We plan to serve non-US Poloniex customers with our new Bermuda operations, and we expect to offer many new digital asset services from Bermuda over time. We will also continue our
2019-7-23 19:00 | |
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CryptoNinjas - Bitcoin, Cryptocurrency & Blockchain Asset SourceIt was announced today that on July 5th, Bitt Digital Inc. became the first company to complete and exit the Regulatory Sandbox guided by the Central Bank of Barbados and the Financial Services Commission.
2019-7-16 23:37 | |
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RBA governor Philip Lowe discusses how Libra faces many hurdles regarding regulatory compliance, and believes Facebook needs to prove a solid business case
2019-6-23 03:27 | |
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By CCN Markets: A former investment banker has been slapped with a fine and a suspension by self-regulatory body Financial Industry Regulatory Authority (FINRA) for mining Bitcoin. According to the regulator, Kyung Soo Kim pursued outside business activity in December 2017 without giving his former employer a written notice.
2019-6-15 16:11 | |
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The U. S. Financial Industries Regulatory Authority (FINRA) has fined and suspended a former Merrill Lynch representative for cryptocurrency mining. The undeclared outside business activity is also what lost Kyung Soo Kim his job.
2019-6-13 11:15 | |
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San Marino’s regents have set regulatory guidelines in their decree on blockchain technology in business, setting policy for ICOs involving security and utility tokens
2019-6-8 22:52 | |
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Small business loan company Bitbond is raising €3. 5 million in a Security Token Offering (STO) to support SMEs in Asia. This marks the first STO in Germany to be approved by regulatory body BaFin.
2019-5-28 13:00 | |
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DCI Ecosystem is an ecosystem where Institutions and individuals can find the necessary tools to manage their portfolio in one place with limitless opportunities of investment (e. g. investment in classic funds, classic asset classes, tokenized asset classes, ETFs, hybrid Funds) Businesses can raise funds to expanding their existing business.
2019-5-21 22:27 | |
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The Securities Commission of The Bahamas has escalated their proposal to create a new regulatory framework for the issuance and sale of digital tokens in order to attract more blockchain business to set up offices on the island.
2019-5-21 17:00 | |
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India tech industry lobby associations and founders of startups have asked India’s banking regulator to incorporate crypto assets in its suggested regulatory sandbox framework for the fintech industry.
2019-5-17 02:47 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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By CCN: The United Arab Emirates has granted crypto exchange BitOasis a preliminary license which allows it to operate a digital asset wallet and a trading platform in the region. According to Dubai-based BitOasis, this will make the firm Middle East’s first regulated bitcoin exchange.
2019-5-13 15:33 | |
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The Financial Crimes Enforcement Network, also known as FinCen, has just decided o issue a new guide on the “Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies”.
2019-5-11 02:30 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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The regulatory and legal environment around internet-based services and applications has changed considerably over the last decade. When large-scale social networking platforms first became popular in the 2000s, the general attitude toward mass data collection was essentially “why not?”.
2019-5-11 04:03 | |
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Europol has announced the arrest of eight individuals in Spain who allegedly have ties to a criminal organization that is involved in cryptocurrency laundering services, May 08, 2019 $10 Million Credit Received in Cold and Hot Wallets It seems as though the more the regulatory authorities are trying to bind the crypto industry within strictRead MoreRead More.
2019-5-10 20:00 | |
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WeChat, the #1 messaging app in China, is also widely used for cryptocurrency transactions. Recently, WeChat Payment has revised the “WeChat Agreement for Payment Service,” which involves the control and regulation of illegal transactions, including cryptocurrency transactions.
2019-5-9 22:54 | |
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By CCN. com: Thai startups raising funds by issuing digitized equities/stocks pay more taxes than an average business, according to Prinn Panitchpakdi. The governor of the Stock Exchange of Thailand (SET) said initial coin offering (ICO) startups typically pay 7 percent in value-added (VAT) and a 20 percent in corporate tax.
2019-5-7 14:24 | |
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Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.
2019-5-7 01:42 | |
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Regulatory requirements like open banking rules and the data portability provisions in the European Union’s GDPR tend to be viewed as burdens - forcing compliance expense and stunting growth. But business leaders can use the opportunity to rise above their competition by embracing data portability. The key is ‘Self-Sovereign’ Identity.
2019-5-5 16:00 | |
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The Aston Plaza in Dubai, the first real estate project to be sold in Bitcoin, has reportedly hit a regulatory “snag” as authorities have called the promoters past business ventures into question.
2019-4-30 11:32 | |
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
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Large Corporations Changing The Japanese Cryptocurrency Exchange Ecosystem It’s a new dawn for the Japanese cryptocurrency ecosystem, as government-licensed digital assets trading platforms are now undergoing massive changes with big whales entering the industry.
2019-4-25 23:24 | |
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Stablecoins should be treated as governed, auditable money, so real-world adoption stops feeling far off and finally achieves the needed scale
Crypto exchange Bybit has announced plans to launch retail banking services on its platform starting next month. Dubbed “My Bank,” the new product has been slated for launch in February, according to CEO Ben Zhou, who announced the offering during…
Instead of a simple BTC acquisition, active treasuries may run secure networks and stake treasury assets to generate yield for investors.
The next generation of financial infrastructure isn’t just code; it’s governance, security, risk architecture, and regulation.
The Senate delayed consideration of a sweeping US crypto bill again as lawmakers prioritized housing legislation tied to rising living costs. A major US crypto market bill faced another setback this week, as Senate lawmakers shifted attention to housing legislation…
Crypto prices crashed on Monday morning, with the total crypto market cap dropping 2.4% to $3.2 trillion as investor sentiment further deteriorated amid fresh tariff war concerns. Bitcoin (BTC), the world’s largest crypto asset, dropped 3% to nearly $92,250 on…
The UAE’s multi-faceted strengths position it to spearhead stablecoin-led agentic payments, expediting the integration of innovative technologies.