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The FATF Recommendations on Privacy Coins: Why Private People, Businesses and Governments Should Care
12.3.2020
Over the past few months, private crypto assets, commonly known as privacy coins, have been under pressure due toContinue Reading
The post The FATF Recommendations on Privacy Coins: Why Private People, Businesses and Governments Should Care appeared first on CoinMarketCap Blog
US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine
10.3.2020
A U.S. congressman from Arizona has introduced the Cryptocurrency Act of 2020 while under coronavirus quarantine. The bill clarifies which federal agencies regulate which type of crypto assets. “It’s crucial that America remains the global leader in cryptocurrency,” the lawmaker...
USDZ Capital Group Launches USDZ Stablecoin
4.3.2020
Stablecoin is a cryptocurrency pegged to less volatile external assets such as official currencies, precious metals, or oil. The value of a stablecoin can also be pegged to other crypto-assets or fixed by algorithms. Stablecoins retain the same value as the underlying asset and are not subject...
Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions
3.3.2020
The Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest...
US Develops Cryptocurrency Intelligence Program Targeting P2P Sites, Forums, Darknet Markets
24.2.2020
The U.S. Department of Homeland Security has revealed a cryptocurrency intelligence program aimed at identifying unlicensed crypto businesses using P2P sites, online forums, and darknet markets. These areas have consistently presented “a significant challenge to law enforcement” and...
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...
Chinese Government-Backed Institute Releases New Ranking of 37 Crypto Projects
22.2.2020
China’s Center for Information and Industry Development has published its latest crypto project ranking — the first this year. A total of 37 crypto projects, two more than in the previous ranking, were evaluated and ranked overall this month as well as in three separate categories. Also...
Bitcoin Superstar and Bitcoin Era – The Latest Two Faces of the Same Scam
20.2.2020
With the rising price and popularity of bitcoin come numerous scams. Bitcoin Superstar and Bitcoin Era are two investment schemes that have recently gained much attention. News.Bitcoin.com took a look at them, and it did not take much to spot how similar they are to each other and several other...
Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors
20.2.2020
Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator...
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan
16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...
Trump Views Crypto a Threat, Proposes Countermeasures in New Budget
11.2.2020
The White House released the Budget of the U.S. Government on Monday, outlining some proposals to increase cryptocurrency oversight which President Donald Trump views as priorities. The budget proposes giving the Treasury more power over crypto and requests funding for FinCEN to expand its efforts...
Brussels Asks Europeans How to Regulate Bitcoin, Public Consultation Continues Into March
11.2.2020
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. The public consultation which started in December will continue until March 19, 2020, with...
Binance Announces Addition of Eight New Crypto Assets to the Convert Function
11.2.2020
World’s leading crypto exchange announced on Tuesday that it has added eight new crypto assets to the convert function, which means that these cryptocurrencies can now be converted to the other ones. This will improve the flexibility for traders, especially those who prefer trading as per market...
40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law
11.2.2020
More than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law. News.Bitcoin.com reached out to the regulator for some more information. The law, which went into...
Crypto Assets Conference 2020: The Conference on “Blockchain & Finance”
10.2.2020
On March 9–10, 2020, the Frankfurt School Blockchain Center, together with financial.com, is organizing the Crypto Asset Conference on the campus of the Frankfurt School of Finance & Management for the third time. Blockchain technology was born through the invention of Bitcoin and has since...
”Decentralized Networks a Powerful Phenomenon” – Why the SEC Commissioner Proposes Time-Limited Grace Period for Tokens
9.2.2020
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has formally proposed a grace period of three years for tokens. Project developers would be exempt from the federal securities laws during that time, provided that they meet certain conditions. After that, they must determine...
Bitcoin ETFs in Japan: FSA Explains New Rules for Funds Investing in Cryptos
7.2.2020
Japan’s top financial regulator, the Financial Services Agency (FSA), has explained to news.Bitcoin.com its recently adopted rules regarding the creation and sale of cryptocurrency exchange-traded funds (ETFs). Meanwhile, Japan now has a crypto index, launched by major Japanese companies....
Hong Kong Crypto Exchange Bitspark Shuts Down Amid Coronavirus Outbreak and Protests
5.2.2020
Crypto exchange service provider Bitspark is shutting down next month despite reporting exponential growth following the launch of its cash point product. The CEO of the company explained that its internal restructuring has not worked out but insisted that the ongoing protests in Hong Kong...
Indian State Government’s ‘Blockchain District’ Now Has a Dedicated Accelerator for Blockchain Startups
5.2.2020
The Indian state of Telangana has launched a blockchain accelerator in its recently created Blockchain District, in collaboration with Tech Mahindra. Selected startups will pitch innovative ideas and get mentored by experts from the Telangana government, Tech Mahindra, the Ministry of Electronics...