Missoula County, Montana commissioners have instructed their staff to begin work on interim zoning rules that would regulate power usage for companies like cryptocurrency miners, The Missoulian reported today. The move comes in the wake of two previous discussions about energy usage at the Bonner HyperBlock center.
Cboe has confirmed that it will not be adding additional bitcoin futures contracts in March, though the company suggested that it is not completely ruling out future crypto derivatives. Cboe Global Markets was the first to roll out bitcoin futures in December 2017, at the height of the cryptocurrency boom.
Latin America’s largest e-commerce giant Mercado Libre will end more than 20,000 crypto ads from March 19 after banning cryptocurrency on its platform, according to a report from the daily hodl.
Canadian officials are looking to modify their securities regulations to include cryptocurrency exchanges and reduce risk to consumers, Bloomberg reported this week. According to reports, the officials are asking for feedback to help them create a ‘tailored framework’ for oversight of the industry:
During remarks at the South by Southwest event in Austin, TX this week, Cameron and Tyler Winklevoss told attendees that the crypto industry needs to build trust if it wants to play a role in the future of money, the Statesman reported on Friday. The Gemini cryptocurrency exchange founders repeated their calls for regulatory oversight of the industry.
The United Nations will soon publish a report that highlights the extent to which North Korean leadership has relied on cyberattacks to evade sanctions, according to a recent article from Nikkei Asian Review. Nikkei claims to have obtained a report that the UN is expected to publish next week, in which a panel of security experts concluded that the communist regime used cybertheft to steal roughly $670 million in recent years.
The Venezuelan government has launched a new service to facilitate Bitcoin and Litecoin remittances to the country’s citizens. Launched by the nation’s Superintendency of Cryptoassets and Related Activities (Sunacrip), the new remittance services are accessible via the Patria Platform:
It has been suggested that coffee giant Starbucks could soon begin accepting Bitcoin payments from its U.S. customers after reportedly planning to support payment software under development by soon-to-launch cryptocurrency trading platform Bakkt, according to a March 4. report by The Block.
Recently hacked cryptocurrency exchange Cryptopia has cited a slight delay to its plans to reopen its trading platform Monday, and has set a new launch target for Tuesday March 5.
Japan’s National Police Agency (NPA) revealed this week that they had received more than 7,000 reports of suspected money laundering last year, according to a February 28 article in The Japan Times. All totaled, crypto-related cases represented roughly 1.7 percent of the more than 417,000 money laundering reports received by the police in 2018.
The Indonesian Bappebti, the country’s Commodity Futures Trading Regulatory Agency, has announced the establishment of a new regulatory framework to govern digital assets futures markets, according to Finance Magnates. The framework will require cryptocurrency exchanges operating in the country to register and obtain approval first.
Liechtenstein’s postal service this week announced that it will now provide its customers with cryptocurrency exchange services at its post office locations. During the first phase of the effort, these services will be available at the Liechtensteinische Post AG’s office in the capital of Vaduz, with plans to extend the service to other post office locations.
A leading Japanese business association has asked the country’s Financial Services Agency (FSA) to lower the rate at which taxes are assessed for cryptocurrency trading. The request from the Japan Association of New Economy (JANE) asked the regulator to use progressive rather than general taxation, according to a February 14 report from Cointelegraph Japan.
A recent press statement from Kapersky Lab highlighted the results of the company’s Global IT security Risks Survey 2018, which found that 13% of surveyed respondents said that they have used cryptocurrency to make a purchase. The company also noted a rise in sophisticated actors targeting consumers’ cryptocurrency assets for theft.
The Ontario Securities Commission confirmed in a statement to Reuters on Friday that regulators are looking into the issues surrounding QuadrigaCX, the besieged Canadian cryptocurrency company whose founder passed away in December. The OSC cited concerns about potential harm for investors as a reason for its interest, though commission spokesperson Kristen Rose refused to confirm that there is an official investigation.
JP Morgan analyst Nikolaos Panigirtzoglou said this week that continuing price stability in the cryptocurrency markets could help contribute to renewed institutional investor interest. Appearing on Tuesday’s CNBC Futures Now, Panigirtzoglou predicted that the current lack of interest is probably temporary:
U.S.-based cryptocurrency exchange Coinbase announced in a blog post Tuesday that its customers throughout the European Union and the European Free Trade Association nations can now withdraw funds to their PayPal accounts. The company had previously restored PayPal withdrawal support to U.S. customers in late 2018.
The Nova Scotia Supreme Court has granted Canadian cryptocurrency exchange QuadrigaCX temporary creditor protection by issuing a 30-day to prevent any lawsuits against the company from moving forward. The order was granted to give QuadrigaCX time to search for a way to access $250 million CAD in customer funds that the company has been unable to recover since the December death of founder Gerald Cotton, CBC reports.
The Third District Court of Appeal has overruled a Miami Judge’s decision dismissing felony charges against Miami Beach resident Michell Espinoza, clearing the way for prosecutors to reinstate the illegal money transmission and laundering charges. According to a report from the Miami Herald, the court order found that the defendant’s “bitcoins-for-cash business requires him to register as a payment instrument seller and money transmitter.”
In a 28-1 vote on Thursday, Wyoming’s Senate approved a bill designed to bring new clarity to cryptocurrency’s legal status in the state. That bill, SF0125, would formally recognize the property rights of cryptocurrency holders and create an opt-in framework to enable Wyoming banks to provide digital asset custodial services.