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Tag Archives: Framework

Philippines Joins Other Asian Nations Creating Regulatory Framework for ICOs

2018 is proving to be a game-changer for the blockchain and cryptocurrency industry. Not only are cryptocurrencies witnessing more widespread awareness and adoption, but many countries across the globe are recognising the need for making their stand on the industry clear. The Philippines Becomes Crypto Positive Several Asian countries have already done the needful – they are either supporting cryptocurrencies ...

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Libertarian Party Gubernatorial Campaign to Accept BTC Despite Unclear Legal Framework

The Libertarian Party candidate for Wisconsin governor will accept Bitcoin (BTC) donations despite the state’s Ethics Commission’s finding them a “serious challenge” to compliance with state law, local news agency the Milwaukee Journal Sentinel reported July 23. Earlier this spring, the Wisconsin Libertarian Party had asked the State Ethics Commission to clarify whether the use of cryptocurrency for political contributions ...

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Financial Stability Is the Focus of New FSB Monitoring Framework

Cryptocurrencies are getting more attention every day, it seems, as the Financial Stability Board (FSB) announced on Monday that it had put together a standardized framework with which to monitor cryptocurrency assets. This body was called upon by the G20 Ministers of Finance and the Central Bank Governors to report by the end of July on the work of standard-setting ...

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Financial Stability Board Presents Report on Framework for Monitoring Crypto Markets

The Financial Stability Board (FSB) has presented a report to the G20 Finance Ministers and Central Bank Governors on the FSB’s work monitoring crypto-asset markets, according to an announcement published July 16. The FSB in an international agency which oversees and prepares recommendations regarding the global financial system. The agency also promotes international financial stability by coordinating national financial authorities ...

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G20 Watchdog Develops ‘Vigilant’ Cryptocurrency Monitoring Framework

The Financial Stability Board (FSB), an international body tasked to monitor the global financial system while coordinating regulation for G20 nations, has published a new framework for monitoring cryptocurrency assets. With an announcement on Monday, the FSB published its report and revealed its standardized framework delivered to G20 finance ministers and central bank governors ahead of their meeting in Buenos ...

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Quebec Halts Crypto Mining Electricity Requests Amid Huge Demand, Forms New Framework

Major Canadian electricity provider Hydro-Québec will temporarily stop processing requests from cryptocurrency miners in order for the company to fulfil its obligations to supply energy to the entire province, according to a press release published June 7. Hydro-Québec is experiencing “unprecedented” demand from blockchain companies, which reportedly exceeds the electric utility’s short and medium-term capacity. In this regard, the Quebec ...

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Thailand Introduced Legal Framework, But Players Don’t Know How to Comply

On Sunday, May 13, Thailand joined a pool of countries that have introduced regulatory frameworks regarding cryptocurrencies. The 100 section law, published in the country’s Royal Gazette, defines cryptocurrencies as digital assets and digital tokens that fall under the regulatory jurisdiction of the Thai Security Exchange Commission (TSEC), making it the main policeman of crypto transactions in the country. TSEC ...

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Blockchain Firm Shyft Enters Partnership with Bermuda to Build Crypto Regulatory Framework

Bermuda is continuing to make itself known in the cryptocurrency space after signing a Memorandum of Understanding (MOU) with Shyft, a blockchain-based KYC/AML solution that aims to build out the country’s regulatory framework. Bermuda to Lead the Way Announced at Consensus, the partnership between the the Government of Bermuda and the Toronto-based digital identity provider, aims to establish Bermuda as the blueprint for leveraging ...

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Legal Framework For Cryptocurrencies Comes Into Force

A regulatory framework for cryptocurrencies has come into effect by royal decree in Thailand, the Bangkok Post reported Sunday, May 13.  The 100-section law, published yesterday in the country’s Royal Gazette, defines cryptocurrencies as “digital assets and digital tokens,” and brings them under the regulatory jurisdiction of the Thai Security Exchange Commission (SEC). The Bangkok Post quotes Thai Finance Minister ...

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