Latest Posts with regulation tag

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Gemini Fully Expands Its Operations to the UK

4 hours ago 1 minute read 1 comment Abhi K

New York-headquartered Gemini Exchange has received approval from the UK’s Financial Conduct Authority (FCA) to operate as an exchange and custodian, according to a press release published on September 23. The Electronic Money Institution (EMI) lice...

ECB: Stablecoins a Less Plausible Store of Value, Term Stablecoin is Misleading

23 Sep 2020 1 minute read 0 comments Abhi K

The European Central Bank (ECB) issued a report on September 22 where it spoke, among other things, on stablecoins. It tentatively suggested that digital assets could be useful, but also notes that it poses risks to current systems. The report discu...

Wyoming Passes Banking Charter for Digital Assets

21 Sep 2020 1 minute read 0 comments Abhi K

Governor of Wyoming Mark Gordon has revealed via Twitter on September 17 that the US state had become the first to approve a banking charter for digital assets.  Several Wyoming officials, including House Representatives, Senate Minority Leader Chri...

Kraken is the First Crypto Exchange to be Approved as a Bank in the US

17 Sep 2020 1 minute read 1 comment Abhi K

San Francisco based exchange Kraken has received approval from the Wyoming Banking Board to serve as a special purpose depository institution (SPDI), according to an announcement made on  September 16. The approval makes Kraken the first crypto exch...

Newsletter #126 | Celebrity Crypto Sanctions, Crypto Mom's Dissenting Opinion, NBA's Crypto Collectibles Bring in Serious Revenue, Bitcoin Gets Kissed and More...

17 Sep 2020 1 minute read 2 comments KHubbard

The SEC has recently issued a number of enforcement actions, many of which were lodged against ICOs that took place in 2017.  It was remarkable to see Security and Exchange Commissioner Hester M. Peirce make a public dissent againt Mark Cuban and As...

EU Heavyweights Want Stablecoins to be Regulated Before Being Allowed to Operate

16 Sep 2020 1 minute read 0 comments Abhi K

Five major European nations have called for stablecoin regulations, as fears mount over state sovereignty and consumer protection, according to a Reuters report published on September 11. France, Germany, Italy, the Netherlands and Spain have all as...

Pros and Cons of Legalized Gambling

20 Aug 2020 3 minute read 3 comments MintDice.com

It is a difficult decision to make whether gambling should be legalized or not. The pros and cons of legalizing gambling may prove to be equal. Some will support gambling, while others may come opposing it. According to some individuals, gambling can...

BitMEX Enforces KYC

17 Aug 2020 1 minute read 1 comment Abhi K

Cryptocurrency exchange and derivatives trading platform BitMEX announced on August 14 that it will mandate user identity verification as part of its User Verification Programme. User Verification Programme will launch 2 weeks from now, on August 28...

UK Money Laundering Guidance - is a DeFi Showdown on the Horizon?

13 Aug 2020 2 minute read 0 comments Hipdibby

Recent guidance from the UK Joint Money Laundering Steering Group clarifies the scope of the UK anti-money laundering ('AML') regime for crypto firms and raises concerns that national regulators may be set to collide with the growing DeFi sector. How...

Russia's Biggest Consumer Bank to Launch Blockchain Built Using Hyperledger Fabric

7 Aug 2020 1 minute read 0 comments Abhi K

Russia’s largest consumer bank, Sberbank, will launch a blockchain built using Hyperledger Fabric, with the possibility of a stablecoin launch also being discussed, according to Russian media outlet Vedomosti. Nodes will be hosted on Sberbank’s clou...