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January 17, 2021
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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.

Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years
Regulation News

Japan Uneased by Chinese CBDC, Plans on Digital Yen in ‘2 to 3’ Years

0

na continues to pull ahead in the central bank digital currency race as more details on its secretive digital yuan project intermittently surface. As a result, more countries are beginning to worry about the potential implications.

OKEx Expands Into India’s Crypto Market via Partnership With Local Exchange
Bitcoin News / Cryptocurrency Exchange / Regulation News

OKEx Expands Into India’s Crypto Market via Partnership With Local Exchange

0

On Feb. 14, OKEx partnered with India’s largest cryptocurrency trading platform, CoinDCX, to launch a new crypto futures product in India

Authorities Arrest Ohio Man for Laundering $300M in Crypto on the Dark Web
Bitcoin News / Regulation News / Uncategorized

Authorities Arrest Ohio Man for Laundering $300M in Crypto on the Dark Web

7

Authorities recently took an Ohio local into custody recently for accusations of running an unlawful money laundering outfit on the Dark Web.

DTCC Seeks Blockchain-Focused Security Framework for Financial Sector
Blockchain News / Regulation News

DTCC Seeks Blockchain-Focused Security Framework for Financial Sector

1

The Depository Trust & Clearing Corporation (DTCC), a global financial market infrastructure giant, says traditional IT security frameworks must be updated to tackle the blockchain.

Coin Ninja CEO Arrested for Allegedly Laundering $311M With Bitcoin Privacy Tools
Bitcoin News / Regulation News

Coin Ninja CEO Arrested for Allegedly Laundering $311M With Bitcoin Privacy Tools

1

Larry Harmon, the CEO of Bitcoin media site Coin Ninja and founder of crypto wallet provider DropBit, is facing federal charges related to his use of Bitcoin privacy tools.

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