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CFTC Chairman: US Must Lead the World in Crypto With Less Restrictive Rules


The chairman of the Commodity Futures Trading Commission (CFTC) has called on other regulators to establish a framework for sound crypto regulation. He believes that the U.S. must lead in the crypto field and “applying overly prescriptive rules could stunt the development of this important...

Four Rules For Trading Cryptocurrency In South-East Asia


The text below is an advertorial article that was not written by Cryptonews.com journalists. Since bitcoin’s creation in 2009, cryptocurrencies have fascinated, intrigued and tempted investors ever since. With volatile price changes, and the ability to trade centralised currencies with the digital...

Court Rules on What Japanese Exchanges Must Do with Hard Fork Tokens


A ruling made by a Tokyo District Court – and unearthed by the CEO of Japanese crypto exchange bitFlyer – appears to suggest that exchanges are not legally obliged to transfer any cryptoassets generated by hard forks to their customers. Per a series of tweets from bitFlyer CEO Yuzo Kano, a Tokyo...

Bitcoin Cash Upgrade Complete: 3 New Features Added to Consensus Rules


Today, at precisely 9 a.m. ET on May 15, 2020, the Bitcoin Cash network completed another upgrade adding a few new features to the blockchain. The latest upgrade comes with new opcode support, a chain limit extension, and the improved counting of signature operations using the...

Chinese Court Rules Bitcoin Is Asset Protected by Law


A court in Shanghai, China, has reportedly ruled that bitcoin is an asset protected by Chinese law in a case that has dragged on for years. The case involves a theft of two different cryptocurrencies, one being bitcoin, from an American. The defendants argued that bitcoin was not recognized under...

South Africa Proposes 30 Rules to Regulate Cryptocurrency


South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers. They aim to be in compliance with the cryptocurrency standards set by...

G20 Considers 10 Rules for Regulation of Stablecoins Like Facebook Libra


The G20 is setting rules to regulate stablecoins such as Facebook’s Libra cryptocurrency. Responding to a call by the G20, the Financial Stability Board (FSB) has provided 10 “high-level” recommendations that establish a regulatory framework for stablecoins. Also read:...

An EU Committee Calls for Crypto Rules w/ International Standards


A committee of the European Parliament calls for the end of crypto-related regulatory arbitrage - a way to use loopholes in regulatory systems to avoid unfavorable regulations - proposing that crypto regulation should be made at the international level. Though various countries have tackled...

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