The ICO Collapse Taught Projects How to Avoid Reprisals, MEW Founder Says
“It was definitely 2017. I can’t think of any specific point in time, but the ICO craze was the starting point for the change.”
Category: Regulation News
Bitcoin (BTC) was invented to challenge the hegemonic order of global finance, so naturally, it has had a tense relationship with regulators since its early days. The technical and social roots of cryptocurrency largely stem from communities with a deep distrust of the state. From its design to its driving narratives, crypto is a dissident technology.
The legality of cryptocurrencies is an ongoing debate. While some institutions are trying to situate them within finance rather than keep them out, many governments are still discussing topics including consumer protection legislation, tax regulation, launching institutional investment vehicles such as exchange-traded funds, known as ETFs, and even building central bank digital currencies, otherwise known as CBDCs.
The challenge and concern around Bitcoin and cryptocurrency regulation is how patchwork legislation across jurisdictions may hinder the growth and maturation of the crypto economy that is intended to be a borderless, open financial system.
Travel Management Company CWT Pays $4.5M Bitcoin to Hackers
U.S.-based corporate travel firm CWT paid $4.5 million in a Bitcoin ransom to hackers who stole sensitive files from the company.
Coinbase CEO: Exchange Won’t List XMR Due to ‘Issue With Regulators’
Brian Armstrong says Coinbase won’t be listing privacy coins like Monero (XMR) as they’re still untested grounds for regulators in the United States.
Wirecard Exec Reportedly Used Bitcoin to Move Funds to Russia
Wirecard chief operating officer Jan Marsalek reportedly used Bitcoin (BTC) to move funds from Dubai to Russia.
Major Victim of Cryptopia Hack Prepares to Sue Liquidator Grant Thornton
The liquidator in question is accounting firm Grant Thornton, which GNY accuses of botching their handling of hacked and defunct crypto exchange Cryptopia.
Grayscale Says Bitcoin ETF Only a Matter of Time
We think a Bitcoin ETF is a matter of when, not a matter of if,” Grayscale Investments managing director, Michael Sonnenshein,
Ripple’s Garlinghouse Says China Leads US in Crypto Regulatory Outlook
Ripple CEO Brad Garlinghouse said he considers China ahead of the U.S. as both countries wade the regulatory waters of the burgeoning crypto space.
More Than $1.4 Billion of Laundered Money Has Moved Onto Crypto Exchanges This Year
The latest report by Peckshield, a blockchain security company, shows that more than $1.4 billion of laundered money has moved onto crypto exchanges
New Suit Alleges Utahn Ponzi Operators Took the Money and Ran
an all-too-common story in crypto. Many of the biggest ponzi schemes in crypto happened either before or during the 2017 bubble
BitGo Releases Crypto Wallet Compliance Tool for FATF’s Travel Rule
BitGo, one of the world’s largest Bitcoin (BTC) transaction processors, is integrating a new API into its crypto wallet service to support the Financial
Two OneCoin Promoters Found Dead in Mexico
Oscar Brito Ibarra and Ignacio Ibarra, two major OneCoin promoters, were apparently kidnapped and killed in Mexico, en Español reports on July 14.
South Korea Could Issue a Crypto Capital Gains Tax as High as 20%
South Korean private sector members recently discussed a crypto-related taxation bill meant to establish capital gains tax for cryptocurrencies
Why Banks Keep Blocking Cryptocurrency-Related Transactions
The COVID-19 crisis has brought many new users to the world of cryptocurrencies. One of the main concerns for users, however, is whether their bank
CFTC Is Waiting on SEC to Allow Futures Trading of More Digital Assets, Says CFTC Chairman
In a July 7 interview with predecessor Jim Newsome, current Chairman of the Commodity Futures Trading Commission (CFTC) Heath Tarbert ran down a list of pending concerns …
Former Official Says China Needs to Reform Crypto Laws
the country is facing a digital economy transformation and needs to embrace the right regulations for the fast growing crypto market.
Coinbase Exec Says Capital Will Flee US Due to Crypto Tax Laws
Coinbase, the largest U.S. cryptocurrency exchange, believes other countries are much more open-minded in terms of crypto regulation and taxes than America.. Lawrence Zlatkin, chief …
Gibraltar Watchdog Grants License to Belarusian Crypto Platform
The Gibraltar Financial Services Commission, or GFSC, issued a new distributed ledger technology license to the Belarus-based cryptocurrency platform
Trading Begins for New Treasury-Based, SEC-Registered Digital Security
Per a July 6 announcement from the firm, Arca has begun trading for its new digitized security, the ArCoin.
CEO of Alleged $16M Cryptocurrency Scam Declared Bankrupt
Willie Breedt, a South African national accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme
OneCoin Marketing Scam Operator Fined $72,000 in Singapore
Fok Fook Seng of Singapore was found guilty of operating a multi-level marketing scam linked to the cryptocurrency Ponzi scheme OneCoin.
