Cryptocurrency exchange CryptalDash, which describes itself as “the world’s first integrated cryptocurrency exchange,” announced on Wednesday that its platform will soon list the DNotes (NOTE) digital currency. The company has confirmed that its customers will be able to begin trading DNotes on the exchange on June 19, 2018.
While many crypto investors are keeping an anxious eye on the blockchain bubble, there is another area of concern that they should also be watching: the regulatory front. Even now, state and national governments around the world are stepping up their efforts to bring some sense of regulatory order to the cryptocurrency ecosystem. And while it’s true that digital currencies were originally developed as a way of getting around invasive financial controls, there should be little doubt that the industry must eventually make peace with the idea of sound regulation if it wants to ever achieve true mass acceptance and adoption.
DNotes Global CEO Alan Yong announced on Friday that the Cryptopia exchange had temporarily delayed its planned listing of the DNotes digital currency. Yong advised DNotes stakeholders of the delay in a post on the coin’s bitcointalk forum thread and suggested that the exchange review would be advantageous, demonstrating DNotes’ commitment to adhering to existing legal requirements.
DNotes Global, Inc. has released new directions for DNotes stakeholders, to ensure that they can properly participate in the coin swap for the new DNotes 2.0. The company is advising DNotes users to remove their coins from all exchanges by April 16th if they want to participate in the swap and exchange their old DNotes for the upgraded coins:
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.
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.
In recent years, cryptocurrencies have become almost ubiquitous in the mainstream media. Many media outlets now have reporters or entire sections of their websites devoted to covering digital currency, the blockchain, and other FinTech innovations. Despite that increased attention, however, those digital currencies continue to be difficult to use and hard to access for most average citizens – and that’s a problem.
DNotes Global, Inc. has announced the production release of the company’s DNotes 2.0 digital currency, which will reportedly offer upgraded features and new benefits for the coin’s stakeholders. In a press release issued on Monday, the company confirmed that the latest version of DNotes comes with several important changes designed to reward DNotes owners and further the goal of achieving widespread acceptance and adoption of the digital currency.
DNotes Global, Inc. has announced the launch of a new website that will host information about the company, its vision, and its plan to achieve its goal of mass adoption for the DNotes digital currency. The new site will also provide DNotes users, investors and business partners quick access to the company’s pitch deck and the DNotes white paper.
DNotes Global, Inc. has announced the release of the DNotes white paper. In a press release published on the DNotes website on Wednesday, the document is described as a “comprehensive examination of the digital currency’s purpose, objectives, and strategy.” The release of the white paper is a clear signal that the company is accelerating its effort to facilitate mainstream acceptance and adoption of the DNotes currency.
DNotes Global, Inc. announced the Alpha Pre-Release of its DNotes 2.0 digital currency on Sunday. The upgraded digital currency is now available for alpha testing, in preparation for the final DNotes 2.0 production release that is expected to occur in the next few weeks.
With Facebook and Google both deciding to ban all cryptocurrency-related advertising on their online platforms, it was probably only a matter of time before other powerful online companies followed suit. According to media reports, Twitter is planning to institute a similar ban in the next couple of weeks. The Twitter ban will reportedly include ads for cryptocurrency token sales, digital currency wallets, and initial coin offerings.
Google provided an updated financial services policy on Wednesday that announced the company’s plan to ban all cryptocurrency-related advertisements, effective in June. The move follows a similar announcement from Facebook in January. Google and Facebook are the two largest platforms providing online advertising content.
With cryptocurrency markets coming under increased scrutiny from government regulators, some have openly called for industry players to take a more active role in regulating themselves. Cameron and Tyler Winklevoss have apparently decided to take up that challenge. The twins have proposed the creation of a self-regulatory organization (SRO) that they are calling the Virtual Commodity Association.
On Friday, the European Union’s top banking regulator cautioned against government imposition of tight regulatory controls for cryptocurrencies. European Banking Authority (EBA) chief executive Andrea Enria suggested that governments should instead move to block government-regulated financial entities like banks from selling or holding digital currency.
The SEC shocked some crypto investors on Wednesday when it urged cryptocurrency exchanges to register and comply with the nation’s securities laws. Meanwhile, Commodity Futures Trading Commission (CFTC) head Brian Quintenz suggested that the cryptocurrency community should create its own oversight body to regulate the industry.
The U.S. Securities and Exchange Commission issued a statement on Wednesday that said many “online trading platforms” for cryptocurrency need to register with the agency or obtain an exemption. The statement comes in the wake of increased SEC scrutiny of digital currency and initial coin offerings.
Many digital currency enthusiasts were thrilled when Merriam-Webster added the word “Bitcoin” to its dictionary two years ago. On Monday, the company announced the addition of 850 new listings to its dictionary, including several additional crypto-related terms: cryptocurrency, blockchain, and initial coin offering.
JPMorgan Chase released its annual report on Tuesday, and for the first time identified digital currency innovation as a potential risk to the bank’s business services. The report suggested that the firm has been working to adapt its service offerings to keep pace with increased competition from tech companies utilizing the new technology.
On Monday, European Union financial services head Valdis Dombrovskis suggested that the EU is prepared to step in and regulate cryptocurrencies if the world fails to properly respond to existing risks posed by the sector. Dombrovskis spoke to reporters in the aftermath of a roundtable discussion, and said that action was needed to reduce cryptocurrency risks: