Nasdaq CEO: Open to Eventually Providing Platform for Crypto Trading
Apr25

Nasdaq CEO: Open to Eventually Providing Platform for Crypto Trading

On Wednesday, Nasdaq CEO Adena Friedman suggested that Nasdaq could be open to “becoming a crypto exchange” at some point in the future, provided that the industry continues to mature and gain stability. Friedman made the comment during a Wednesday appearance on CNBC’s Squawk Box, noting that there were still industry issues that would need to be addressed before Nasdaq could consider adding that type of trading platform.

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Japanese Crypto Exchanges Unite to Create Self-Regulating Body
Apr24

Japanese Crypto Exchanges Unite to Create Self-Regulating Body

Japan’s sixteen licensed digital currency exchanges have reportedly agreed to unite to create a new organization which will self-regulate the nation’s exchange marketplace. That entity will be called the Japanese Cryptocurrency Exchange Association, according to a report from media outlet Asahi Shimbun.

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Iranian Central Bank Moves to Rein in Cryptocurrency
Apr23

Iranian Central Bank Moves to Rein in Cryptocurrency

In a move that some media outlets are describing as an effort to ban cryptocurrencies, Iran’s Central Bank has directed banks and other financial institutions to avoid all crypto-related transactions. According to Bloomberg, the Islamic Republic News Agency reported that the ban applies to every finance-related institution in the country:

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Russia’s Supreme Court Directs Lower Court to Review Decision on Crypto Website Ban
Apr22

Russia’s Supreme Court Directs Lower Court to Review Decision on Crypto Website Ban

The Supreme Court of Russia has ordered the City Court in St. Petersburg to take up a complaint involving a ban on cryptocurrency-related websites. The decision on Friday directs that court to review an appeal of the 2016 District Court decision that blocked Bitcoininfo.ru, according to a report from The Russian Legal Information Agency (RAPSI).

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Op-Ed: It’s Vital to Understand that Cryptocurrency is a Real Industry
Apr22

Op-Ed: It’s Vital to Understand that Cryptocurrency is a Real Industry

During a meeting with my boss several months ago, he brought up a matter of scheduling – and I did not have my calendar in front of me. “What? No calendar?” he exclaimed. “You need to have your calendar with you; you need to write everything in it, and you need to bring it everywhere you go. That’s what people who have real jobs with real responsibilities do.”

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San Francisco Fed President Says Crypto Fails ‘Basic Test’ of Currency
Apr21

San Francisco Fed President Says Crypto Fails ‘Basic Test’ of Currency

Current San Francisco Federal Reserve president John Williams suggested in a speech on Friday that cryptocurrency is unlikely to replace the current fiat currency system, according to reporting from CNBC. Williams, who has led the San Francisco Fed since 2011, was recently chosen to take over as president of the New York Federal Reserve when William Dudley retires on June 17.

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Kraken Refuses NY AG’s Crypto Inquiry
Apr19

Kraken Refuses NY AG’s Crypto Inquiry

On Tuesday, the New York Attorney General’s office sent letters of inquiry to more than a dozen digital currency exchanges, requesting information about their ownership, user fees, money laundering, and other areas of concern. The move was welcomed by several large exchanges, including the Winklevoss-owned Gemini exchange. Kraken CEO Jesse Powell, however, announced on Twitter that his company will not comply with the request.

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IMF Chief Calls for ‘Even-Handed’ Crypto Regulation
Apr18

IMF Chief Calls for ‘Even-Handed’ Crypto Regulation

In a blog post this week, International Monetary Fund (IMF) Managing Director Christine Lagarde called for policymakers around the world to “keep an open mind” about cryptocurrencies and focus on developing what she called an “even-handed regulatory framework.” According to Lagarde, that approach will enable regulators to minimize potential risks in a way that doesn’t stifle creativity and innovation.

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Coinsecure Announces Bounty Reward and Customer Repayment Plan to Address BTC Losses
Apr16

Coinsecure Announces Bounty Reward and Customer Repayment Plan to Address BTC Losses

On Thursday, Indian digital currency exchange Coinsecure revealed the theft of roughly 438 Bitcoins, worth more than $3.5 million. This weekend, the company announced its plan to repay customers for their losses and launched a bounty program to reward anyone who helps the exchange recover those stolen Bitcoin.

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New Directive Tightens Crypto Regulation in Vietnam
Apr15

New Directive Tightens Crypto Regulation in Vietnam

Vietnam’s Prime Minister, Nguyễn Xuân Phúc, has issued a new directive that seeks to broaden the country’s efforts to better regulate cryptocurrencies, according to reports from Xinhua and local media outlets. The move was reportedly in response to increasing government concerns about trader vulnerability and the potential damage that digital currencies could do to the nation’s financial markets.

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Op-Ed: ICO’s Are Damaging Crypto
Apr13

Op-Ed: ICO’s Are Damaging Crypto

ICOs or Initial Coin Offerings are used by cryptocurrency startups as a way of getting around the heavily regulated capital-raising process demanded by banks and investors. ICOs offer a percentage of the cryptocurrency for sale to early investors in exchange for fiat – or crypto – currency, but most commonly for Bitcoin. Because it is unregulated, it’s very popular in today’s crypto industry. According to Coinschedule, more than US $2bn was raised in March 2018 alone, and nearly US $5bn in the first financial quarter. Basically, they function like Initial Public Offerings (IPOs) or crowdfunding.

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Survey Offers Insight Into Russian Crypto Community
Apr13

Survey Offers Insight Into Russian Crypto Community

A Fatcats.market survey of Russian digital currency enthusiasts found that 12% of respondents said that cryptocurrency provides their primary source of income. The survey of 382 cryptocurrency users was compiled earlier this month and is expected to be updated with new findings as additional data is obtained.

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New Research Paper Argues that Crypto Is Compliant with Sharia Law
Apr12

New Research Paper Argues that Crypto Is Compliant with Sharia Law

In recent months, there have been several fatwas from Islamic leaders declaring cryptocurrency to be incompatible with Sharia Law. According to a new research paper from Blossom Finance Sharia advisor and compliance officer Mufti Muhammad Abu Bakar, however, digital currency not only meets the Islamic definition of money but is compliant with Sharia requirements as well.

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AUSTRAC Tasked with Regulating Digital Currency Exchanges in Australia
Apr12

AUSTRAC Tasked with Regulating Digital Currency Exchanges in Australia

Digital currency exchanges with operations in Australia have been given a deadline of May 14 2018 to register with the Australian Transaction Reports and Analysis Centre (AUSTRAC). The government’s financial intelligence agency has been given the responsibility of regulating those exchanges using new cryptocurrency laws that will ensure that exchanges are subject to the provisions of the Anti-Money Laundering and Counter-Terrorism Financing Act.

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JPMorgan Chase Sued Over Unexpected Crypto-Related Fees
Apr11

JPMorgan Chase Sued Over Unexpected Crypto-Related Fees

A new lawsuit against JP Morgan Chase was filed on Tuesday, accusing the financial giant of violating the Truth in Lending Act by imposing unannounced fees and high interest rates on customers who used the bank’s products to purchase digital currency. The suit alleges that Chase failed to provide the proper notice to its customers before applying significantly higher cash advance costs to those purchases.

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Polish Crypto Traders Petition to Reverse New Govt Tax Policy
Apr10

Polish Crypto Traders Petition to Reverse New Govt Tax Policy

Last week, Poland’s Finance Ministry unveiled a new tax law interpretation for digital currency transactions – an interpretation that many have called draconian in its approach. Now, Polish cryptocurrency traders have responded by launching a petition on Change.org. That petition calls upon the government to reverse its decision so that the Polish people can take an active role in the digital currency and blockchain revolution.

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Cryptopia Announces Results of Effort to Improve Customer Support
Apr09

Cryptopia Announces Results of Effort to Improve Customer Support

Digital currency exchange Cryptopia has reported that the company is making great strides in its efforts to ramp up and improve customer support. In an online post from CEO Alan Booth, Cryptopia revealed that its efforts have resulted in an 80% reduction in the number of support ticket submissions and a 71% reduction in response time by its support team.

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Op-Ed: Crypto is the New Brexit
Apr08

Op-Ed: Crypto is the New Brexit

One of the most economically significant events of recent times is Brexit, the United Kingdom of Great Britain’s withdrawal from the world’s single wealthiest trading bloc, the European Union. The UK has been a part of the EU since 1993 and part of its forerunner, the European Economic Community, for twenty years before that.

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Proposed Guidelines Could See Japan Legalize ICOs
Apr07

Proposed Guidelines Could See Japan Legalize ICOs

A research group backed by the Japanese government has developed a set of proposed guidelines that could provide “regulatory definition and approval” for initial coin offerings, according to a report from CNBC. If adopted, the proposed rules would provide the controversial cryptocurrency funding option with legal status in the country, while offering increased protections for investors.

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RBI Bars Regulated Financial Entities from Providing Services to Crypto Users
Apr05

RBI Bars Regulated Financial Entities from Providing Services to Crypto Users

The Reserve Bank of India has announced that regulated financial entities like banks will be barred from providing services to customers who deal with digital currencies. The announcement came in a statement released on Thursday and comes on the heels of several warnings to the public about the potential risks associated with cryptocurrencies.

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