South African Reserve Bank Proposes Overhaul of Payment System Laws
Dec09

South African Reserve Bank Proposes Overhaul of Payment System Laws

The South African Reserve Bank (SARB) has completed a review of the country’s National Payment System Act, and published its findings and recommendations this week, according to a report from Business Insider. The bank is proposing several changes that could eventually allow a digital rand or existing cryptocurrencies to be accepted as recognized payment options and reduce the banking industry’s stranglehold on payment services.

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Nearly 6,000 Crypto Money Laundering Cases Reported in Japan from Jan-Oct
Dec08

Nearly 6,000 Crypto Money Laundering Cases Reported in Japan from Jan-Oct

Officials from Japan’s National Policy Agency say that they received about 6,000 cryptocurrency-related money-laundering reports from January to October 2018, according to a December 7 report from Japan Today. The number represents a significant increase over last year’s reported cases:

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Coinbase Looking to Add 30 New Digital Assets
Dec07

Coinbase Looking to Add 30 New Digital Assets

Coinbase said via its company blog today that the digital asset exchange is working with local banks and regulators to explore the feasibility of adding a further 31 digital assets to its platform, including OmiseGo (OMG), Cardano (ADA), Stellar (XLM) and Neo (NEO).

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SEC Commissioner: Bitcoin ETF Could Take Years
Dec06

SEC Commissioner: Bitcoin ETF Could Take Years

A commissioner from the U.S Securities and Exchange Commission (SEC) has said that institutionalization of cryptocurrency will happen but ceded that crypto advocates shouldn’t hold their breath when it comes to waiting for the approval of cryptocurrency Exchange Traded Funds (ETF).

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U.S. Lawmakers to Introduce New Bills Addressing Crypto Industry
Dec06

U.S. Lawmakers to Introduce New Bills Addressing Crypto Industry

A bipartisan group of U.S. House Representatives is reportedly introducing two new bills dealing with cryptocurrency, CNBC reported Thursday. The bills instruct the Commodity Futures Trading Commission to offer recommendations that would improve customer protections, prevent fraud, and maintain U.S. competitiveness in the industry.

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R3 Makes Ripple’s Rival XRP Token First Addition to Payments App
Dec05

R3 Makes Ripple’s Rival XRP Token First Addition to Payments App

Enterprise blockchain development firm R3 has announced that Ripple’s rival XRP token will be the first supported cryptocurrency on its universal payment settlement platform, according to a Finextra report published Dec. 5.

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NASDAQ & Fidelity Invest in Wall Street Cryptocurrency Exchange ErisX
Dec05

NASDAQ & Fidelity Invest in Wall Street Cryptocurrency Exchange ErisX

Emergent cryptocurrency exchange ErisX has secured $27.5 million in Series B funding from investors including stock exchange NASDAQ and brokerage giant Fidelity investments, according to a Dec. 4 report by Reuters.

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US Congressman to Introduce Crypto and ICO Regulation Legislation
Dec05

US Congressman to Introduce Crypto and ICO Regulation Legislation

Congressman Warren Davidson (R-OH) has reportedly announced his intention to introduce legislation to enable more effective federal regulation of cryptocurrency and ICOs, according to Cleveland.com. Davidson made the announcement on Monday, during the Blockland Solutions conference.

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Poloniex Exchange Opens Door To Institutions
Dec04

Poloniex Exchange Opens Door To Institutions

Circle has announced that its cryptocurrency exchange Poloniex is now open to institutional clients in a Tuesday Dec. 4 blog post.

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Satang Exchange Plans $9.9 Million STO, With Thai Govt’s Blessing
Dec04

Satang Exchange Plans $9.9 Million STO, With Thai Govt’s Blessing

Thailand-based cryptocurrency exchange Satang Corp. has plans for a $9.9 million security token offering in early 2019, according to a report from the Nikkei Asian Review. The report notes that the country’s government has expressed support for the company’s plans, as officials continue to pursue blockchain adoption.

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Beijing Regulators Throw Cold Water On STO
Dec03

Beijing Regulators Throw Cold Water On STO

The director of Beijing Municipal Bureau of Local Financial Supervision, Huo Xuewen, has said that the agency sees Security Token Offerings as an illegal activity, according to a Dec. 1 report in local media outlet, Caijing.

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South Korean Finance Minister Nominee Says Govt Will Tax Crypto
Dec03

South Korean Finance Minister Nominee Says Govt Will Tax Crypto

South Korean finance minister nominee Hong Nam-ki reportedly suggested that the government will draw up plans to tax digital currencies, according to reports from the Korea Times. The Times quoted recent written remarks Hong submitted as part of his confirmation process:

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G20 Leaders’ Joint Declaration Addresses Digitalization, AML Crypto Asset Regulation, and More
Dec02

G20 Leaders’ Joint Declaration Addresses Digitalization, AML Crypto Asset Regulation, and More

The heads of state who met at the recent G20 Leaders’ Summit in Buenos Aires concluded their gathering by issuing a joint declaration focused on “building consensus for fair and sustainable development.” The document addressed a variety of global concerns, including regulation of crypto-assets to prevent money laundering and terror financing.

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Japan Financial Regulator Bringing Forward ICO Regulations
Dec02

Japan Financial Regulator Bringing Forward ICO Regulations

Japan’s Financial Services Agency (FSA) has said it will soon move to regulate Initial Coin Offerings to protect investors, according to a December 1st report from local news site Jiji.

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Texas Regulators Issue Cease and Desist Order Against My Crypto Mine
Dec01

Texas Regulators Issue Cease and Desist Order Against My Crypto Mine

Texas regulators this week issued an emergency cease and desist order to My Crypto Mine operator Mark Steven Royer. In the order, Texas Securities Commissioner Travis J. Iles alleges that Royer’s company is “fraudulently offering investments in a cryptocurrency trading and mining program” that uses social media and “standalone websites” to target investors in Texas and other states.

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US Treasury Includes Crypto Address Identifiers in New Sanctions
Nov30

US Treasury Includes Crypto Address Identifiers in New Sanctions

The United States Treasury Department broke new ground this week as it included cryptocurrency addresses for two targets of U.S. sanctions related to an Iranian ransomware scheme. The sanctions were placed on two men who allegedly laundered millions in Bitcoin payments made as a result of the SamSam ransomware attack that reportedly affected more than 200 victims who were forced to pay more than $6 million in ransom.

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NYSE Chairman Says Crypto Will Survive
Nov29

NYSE Chairman Says Crypto Will Survive

During remarks at this week’s Consensus: Invest conference, New York Stock Exchange chairman and Intercontinental Exchange (ICE) CEO Jeff Sprecher asserted that digital assets are not going anywhere, despite the current bearishness in the crypto markets. In response to a question about the lower prices, Sprecher chose to address the issue of whether digital assets can survive:

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Social Platform Steemit Lays Off 70% of Workforce
Nov29

Social Platform Steemit Lays Off 70% of Workforce

Steemit Inc., the company behind Steemit, a popular social media platform that rewards content creators with cryptocurrency has laid off close to 70% of its team in a restructure.

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VeChain, Tron, NEO, BAT & Cardano Balloon Amid 24hr Bitcoin Rise
Nov28

VeChain, Tron, NEO, BAT & Cardano Balloon Amid 24hr Bitcoin Rise

The last 24 hours has been a lot kinder to cryptocurrency markets than the fortnight prior that saw $90 billion wiped from the industry’s market capitalization.

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SEC’s Clayton: Changes Needed in Crypto Markets Before Bitcoin ETF Approval
Nov28

SEC’s Clayton: Changes Needed in Crypto Markets Before Bitcoin ETF Approval

Securities and Exchange Commission Chairman Jay Clayton wants to see some major changes in the cryptocurrency markets before he can be “comfortable” with the idea of approving a Bitcoin ETF, according to a report from CNBC. Speaking at the CoinDesk Consensus invest conference this week, Clayton said that improvements need to be made in areas like market surveillance and cryptocurrency custody.

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