The Malta Financial Services Authority announced in a statement today that it has approved 14 Virtual Financial Asset (VFA) Agents. The approvals are part of a broader effort by Malta to provide regulation for the crypto asset space. According to the statement from the MFSA:
The government of Pakistan will announce on Monday that it is introducing new cryptocurrency regulations, the Express Tribune reports. The new Electronic Money Institutions regulations are being introduced as part of a broader action plan developed in response to recommendations from the country’s Financial Action Task Force (FATF)
The Town of Innisfil, Ontario announced in a press release this week that residents will be able to pay their municipal property taxes using Bitcoin. The city council approved the decision in a vote Wednesday night, and the new crypto payment option is expected to be available in April.
The U.S. Securities and Exchange Commission this week announced a delay in its decision on a proposed rule change that would allow Bitcoin exchange-traded funds to be listed. The decision means that the SEC now has until May 16 to approve or deny the change:
The Hong Kong Securities and Futures Commission (SFC) offered new guidance for security token offerings (STO) in an official statement published on its website March 28. The statement was issued to clarify legal and regulatory requirements and remind investors about risks associated with cryptocurrency and security token offerings.
The CoinBene cryptocurrency exchange announced in a tweet on Wednesday that its ongoing maintenance is a security upgrade to protect customers and partners. Today’s announcement came after some users had expressed suspicions that the exchange had suffered a hack. CoinBene apologized for its lack of clarity and explained its maintenance goals:transparency, Bloomberg reports.
In the wake of the recent Bitwise report alleging massive fake trade volume reporting at many cryptocurrency exchanges, crypto market data aggregator CoinMarketCap is reportedly taking steps to address the problem. The company has acknowledged the concerns and vowed to add additional information to its listed metrics to provide investors with even greater transparency, Bloomberg reports.
In a blog post published today, peer-to-peer digital currency trading firm LocalBitcoins announced that it will soon be subject to regulation by Finland’s Financial Supervisory Authority. The company confirmed that it is working to ensure that its services will be in full compliance with Finnish regulations.
Shipping titan UPS announced this week that it is collaborating with e-commerce firm Inxeption on a blockchain-based e-commerce platform for business-to-business sales. According to a press release announcing the news, the collaborative alliance is designed to hasten business e-commerce adoption and facilitate merchants’ entry into the digital age.
Bank for International Settlements general manager Agustin Carstens issued a warning Friday to central banks that might be considering their own digital currencies. While speaking at the Central Bank of Ireland in Dublin on Friday, Carstens warned that central bank-issued digital currencies could potentially undermine financial stability.
A new study from Bitwise claims that as much as 95 percent of all Bitcoin trading volume on unregulated cryptocurrency exchanges is fake, CNBC reports. Researchers concluded that nearly all of the volume reported on 71 of the top 81 crypto exchanges involved wash trading designed to create a false impression of market activity.
California-based Silvergate Bank this week updated its filing with the U.S. Securities and Exchange Commission, revealing continued growth in its cryptocurrency-related services. According to the updated data, the bank now provides services to more than 500 crypto-related firms, even as major banks around the world continue to deny banking services to companies in the industry.
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.
Japan’s cabinet has approved a draft series of changes to the country’s laws governing financial instruments and payment services, in a move designed to further standardize the cryptocurrency marketplace, according to Nikkei Asian Review. The draft amendments will limit the use of leverage in crypto market trading, at “two to four times initial deposits.”
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.
Coinbase announced this week that it will be updating Coinbase Pro’s market structure on Friday, March 22. In a blog post announcing the news, the company said that the changes are intended to enhance the platform’s market health by focusing on increased liquidity, improved price discovery, and smoother price movements.
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:
The U.S. Securities and Exchange Commission will hold its second Fintech Forum on May 31, at the agency’s Washington, DC headquarters. The public forum will be focused on blockchain technology and digital assets, according to an SEC press release announcing the event.
Coinbase has added support for Stellar Lumens (XLM) on Coinbase Pro, as it continues its previously announced plans to support more digital assets on its platforms. Coinbase Pro customers can now trade XLM in all of the company’s supported jurisdictions except the state of New York.