FinCEN Unveils New Bitcoin Guidelines: Here’s What You Need to Know

On Thursday (May 9, 2019), the U.S. Financial Crimes Enforcement Network (FinCEN) published new guidelines showing how anti-money laundering (AML) laws apply to Bitcoin and the rest of the cryptocurrency in general. Mandatory KYC for P2P Bitcoin Trading Platforms In a tweet published on Friday (May 10, 2019) notable cryptocurrency legal expert Jake Chervinsky provided […]

Continue Reading

US Presidential Candidate Yang Promises ‘Clear’ Bitcoin Regulation

2020 US Presidential hopeful Andrew Yang has given the clearest sign yet that he welcomes Bitcoin, releasing a dedicated statement on cryptocurrency regulation this week. Yang Highlights ‘Vast Potential’ Yang, whose pitch revolves around radical economic policy such as installing a Universal Basic Income (UBI), said that he would create “clear” legislation on crypto, using […]

Continue Reading

Brookings Institute Says the SEC Should Regulate Crypto-Assets

A report from the Economic Studies program of US think tank, Brookings, claims better regulation will benefit the crypto industry. It states that crypto-assets currently fall into a jurisdictional gap, and that the SEC should fill that role. Don’t Hate The Game, Hate The Players The report immediately scores an own goal with the choice […]

Continue Reading

G20 Summit: We Will Regulate Cryptocurrencies ‘In Line with FATF Standards’

G20 countries have agreed to regulate cryptocurrencies in line with Financial Action Task Force (FATF) standards at the second session of the summit held in Buenos Aires, Argentina. ‘We will regulate crypto-assets for anti-money laundering’ On Saturday, a joint declaration was officially signed by all G20 nations, reports The Saudi Gazette. The document acknowledges that […]

Continue Reading

Isle of Man Tightens Requirements for Cryptocurrency Businesses & ICOs

The Isle of Man recently updated its Designated Businesses Registration policy concerning cryptocurrency companies operating in the British Crown dependency.  Isle of Man Posts New Requirements The Island’s financial regulators also wish to sanitize the local virtual currency scene, doing away with projects that have zero utility. Details of the policy changes form part of […]

Continue Reading

Three Pro-Cryptocurrency Bills to Be Introduced to Congress

Three pieces of legislation will be brought before Congress by the co-chair of the Congressional Blockchain Caucus. Their intent is to streamline the growing industry by introducing concise and transparent guidelines for businesses and investors, while also providing a safe harbor for taxpayers who use cryptocurrencies.    Accelerating the Development of Blockchain Tech Congressman Tom […]

Continue Reading

International Watchdog to Introduce Binding Regulations for Cryptocurrency Exchanges

Georgi Georgiev · June 14, 2018 · 1:00 am The Financial Action Task Force (FATF) – a multi-national agency tasked with combating global financial criminal activity, will discuss developing and introducing legally binding rules for governing cryptocurrency exchanges later this month. Reuters reports that the Paris-based agency – comprised of 37 countries – will meet […]

Continue Reading

Turkcoin? Turkey Politician Advises National Crypto To Profit From Bitcoin

Wilma Woo · February 23, 2018 · 6:00 am A senior Turkish politician has repeated claims from the country’s deputy prime minister that it will seek to create ‘Turkcoin,’ its own national cryptocurrency. Opposition Demands Regulation Several weeks after the ruling Justice and Development Party’s Mehmet Şimşek suggested the idea, Ahmet Kenan Tanrikulu, deputy chair […]

Continue Reading

UK Investigating Crypto, Spinning Future Regulation as Positive

Adam James · February 22, 2018 · 3:00 pm The first step of a potential crackdown on cryptocurrencies is underway in the UK. Investigators are said to be taking a good look at Bitcoin and its underlying technology, as a means of measuring cryptocurrency’s overall risk to central banking and traditional financial institutions, while also […]

Continue Reading