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The peculiarity of cryptocurrencies has contributed largely to the difficulties associated with its regulation across the globe. Cryptocurrency regulation has been minimal to date not because there is no interest by the government for digital assets, but because there is need for them to come to terms first with the technology before proceeding to dispatching…
There is a particular trend with many national banks and state governments. They tend to negate emerging technologies and opt to forestall it before it sees the light of the day or before it enjoys mainstream adoption. For example, the Bank of Canada like many other national banks (although it is now researching CBDCs) maintains…
Propine was admitted to the sandbox that was set up by the Monetary Authority of Singapore (MAS), the country’s de facto central bank. Propine, was inducted into the sandbox to provide custody to digital securities. The sandbox period will commence on 8th November 2019. The Singapore based comprehensive securities services provider for digital securities is…
As reported on Coindesk, the Standing Committee of the 13th National People’s Congress in China has passed the cryptography law on Saturday and it will be effective on January 1, 2020, according to a Chinese media report. The announcement came one day after Chinese President Xi Jinping’s call on the country to seize opportunities in…
Read More “China’s Congress Passes Cryptography Law, Effective Jan. 1, 2020” »
Dash-supporting services and exchanges can be fully compliant with the Financial Act Task Force (FATF) “travel rule”, and may be more compliant to financial regulations than Bitcoin. In a recent post by Dash Core Group, Business Development Manager Omar Hamwi outlined the so-called “Travel Rule” by the US Financial Crimes Enforcement Network (FinCEN), and how…
Read More “Dash Core: Dash Fully Compliant With FATF Travel Rule, More Than Bitcoin” »
WASHINGTON – Facebook CEO Mark Zuckerberg told lawmakers that the company would pull out of the Libra Association in the event the consortium launched its proposed cryptocurrency without all needed regulatory approvals. In a hearing of the House Financial Services Committee Wednesday, Zuckerberg fielded pointed questions on a variety of controversial issues around the social…
Read More “Zuckerberg: Facebook Would Quit Libra if the Association Launched Prematurely” »
Today, the Department of Justice announced the shutdown of the largest ever child pornography site by amount of material stored, along with the arrest of its owner and operator. More than 337 site users across 38 countries have also been arrested so far. Most importantly, as of today, at least 23 minors were identified and…
Read More “Chainalysis in Action: DOJ Announces Shutdown of Largest Child Pornography Website” »
The growing reputation of Venezuela as a socio-political and economically unstable nation seems to be continuing as its government turns to cryptocurrencies in a latest attack. Since the country’s national currency became almost worthless as a medium of exchange, Bitcoin and cryptocurrency in general provided an escape route for most of its citizens. To an…
Read More “Another Low For Venezuela, A Lesson For Nigeria” »
Auxesis group, the operators of Auxledger technology in collaboration with the Indian Department of science and technology is organizing a national Blockchain Summit. The Summit would take place on 23rd – 24th of February 2019 at IIM Lucknow Noida campus. The event is targeted towards enabling Indian government and ministries to speed up the process…
Read More “India Matches Towards Establishing Self As Blockchain Capital” »
The supreme court in India has issued a deadline on the government to take a definite stand on cryptocurrencies rather than the RBI’s ban that prohibits banks from engaging in crypto-related activities. This is an issue that has lingered since April 2018, with various consequences, especially on the cryptocurrency exchanges and startups. Mostly affected are those…
Read More “A Win-Win For Cryptocurrency In India Ahead Of Government Regulation Deadline” »