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Tag Archives: Regulations

Ripple Expects India to Overturn Cryptocurrency Ban with Regulations

Open Positions at CCN: Full Time and Part Time Journalists Wanted. Ripple is reportedly ‘unfazed’ by the Indian central bank’s mandate on restricting banks from dealing with cryptocurrencies and expects a new regulatory framework to rescind the ban altogether. India’s biggest English news daily, the Times of India (TOI), is reporting that crypto and fintech industry giant Ripple is betting ...

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Proposed Regulations Could Cause Major Shifts in Canadian Crypto …

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas. The Canadian crypto business community is still ...

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Financial Crime Watchdog FAFT to Consider Cryptocurrency Regulations This Month

The international financial crime watchdog, the Financial Action Task Force (FATF), will hold discussions later this month to develop rules for governing cryptocurrency exchanges. It will primarily make sure effective countermeasures are in place to prevent money laundering and terrorist funding, according to a Japanese government official familiar with the matter. FAFT to Develop Binding Cryptocurrency Guidelines The push to ...

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Canada Releases Official Draft of New Crypto Regulations Focused on KYC/AML

The Canadian government has released an official draft of new regulations on crypto exchanges and payment processors, Canada Gazette reports June 9. According to the draft, the new regulations seek to address a “number of deficiencies” that the Financial Action Task Force (FATF) outlined after their evaluation in 2015-16, namely in strengthening Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime (AML/ATF). ...

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SEC Clarifies Cryptocurrency Regulations, Placing Dash in a Unique Position

The U.S. Security and Exchange Commission’s chairman, Jay Clayton, further clarified the difference between ICOs and cryptocurrencies. Mr. Clayton started off by talking about cryptocurrencies by saying that “these are replacements for sovereign currencies; replace the dollar, the yen, the euro”. He said that this “type of security, is not a security”. However, he said that it is a security ...

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Blockchain Startup Installs Crypto Point-of-Sale Devices in Indonesia Despite Regulations

Blockchain startup Pundi X has begun rolling out its cryptocurrency point-of-sales (POS) devices in Indonesia, betting that the central bank will discard its current anti-cryptocurrency stance within three years, the South China Morning Post reported June 4. A POS terminal is an electronic device used to process card or electronic payments at sales outlets. The idea behind the startup’s devices ...

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South Korea is Easing Cryptocurrency Trading Regulations, What Are Future Implications?

What happens in South Korea usually echoes around global crypto markets. It is second only to Japan for crypto trading and often dictates the direction of the daily trend in the region. Earlier this month the new South Korean Financial Supervisory Service (FSS) boss, Yoon Suk-heun, said that plans were in the pipeline to ease cryptocurrency trading regulations in the ...

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Cryptocurrencies Should Stay ‘Unfettered” from Regulations

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. It’s a tricky balance, but Ethereum Co-Founder Joseph Lubin believes the cryptocurrency market should embrace regulators though he also points out it’s vital not to stifle innovation. Lubin, who is at the helm of ConsenSys, welcomes regulators into the cryptocurrency space both in the United States and in other ...

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Germany’s BaFin Visits National Bank of Georgia to Discuss Crypto Regulations

One of the largest financial supervisors in Europe met with the National Bank of Georgia (NBG) and other members of the finance sector to discuss cryptocurrency regulation, according to a post on the NBG’s site May 18. According to the post, a representative from Germany’s Federal Financial Supervisory Authority (BaFin) met with members of the NBG, the international financial institutions ...

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Thai SEC Holds Focus Group to Clarify New Crypto, ICO Regulations

Thailand’s Securities and Exchange Commission (SEC) held a focus group on cryptocurrency regulation today, May 21, streamed on Facebook Live. The hearing focused on the SEC’s approach to crypto-related businesses and fundraising through Initial Coin Offerings (ICO), local news outlet Siam Blockchain reports. Today’s focus group clarified that ICOs can only raise funds in the Thai baht and cryptocurrencies permitted ...

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