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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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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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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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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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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The Growing Threat of Cryptocurrency Illiteracy in Border Security
Nov28

The Growing Threat of Cryptocurrency Illiteracy in Border Security

Illegal capital outflow collectively costs nations around the world upwards of trillions in capital that is seldom recovered. Not to be confused with capital flight – which is an outflow of money that travels through the proper legal channels, illegal capital flight entails moving illicitly obtained wealth into another country in an attempt to obfuscate its origin and evade authorities. Illegal capital outflow affects both wealthy and poor nations on every continent aside from Antarctica. Cryptocurrency could either exacerbate this problem, or be the solution, depending on how it is adopted by the world.

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Businesses Can Now Use Bitcoin to Pay Ohio Taxes
Nov25

Businesses Can Now Use Bitcoin to Pay Ohio Taxes

Starting tomorrow, businesses operating in the U.S. state of Ohio will have the option to pay their taxes using Bitcoin. The new option is part of the Ohio Treasurer’s efforts to provide cutting-edge innovations and services to taxpayers in the state.

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DOJ Investigating Whether Tether Used to Manipulate Bitcoin Prices in 2017
Nov24

DOJ Investigating Whether Tether Used to Manipulate Bitcoin Prices in 2017

Earlier this year, there were reports that the U.S. Department of Justice had launched a criminal probe into the cryptocurrency industry, focusing on spoofing, wash trading, and other illegal practices. This week, Bloomberg reported that the DOJ is now examining whether Tether trading played a role in illegally manipulating prices for the world’s most well-known digital currency:

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DNotesEDU Announces Release of Cryptocurrency Industry Insight Report
Nov23

DNotesEDU Announces Release of Cryptocurrency Industry Insight Report

DNotesEDU has announced the release of its Global Digital Currency Industry Insight Report, a 45-page examination of the cryptocurrency industry that covers a broad range of blockchain and crypto-related technologies, trends, and potential risks.

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FCA Reportedly Considering Task Force Recommendation to Ban Crypto Derivatives
Nov20

FCA Reportedly Considering Task Force Recommendation to Ban Crypto Derivatives

When the UK government’s cryptocurrency taskforce reported to the government in late October, one of its recommendations advised officials to consider a complete ban on crypto derivatives like CFDs, futures, and options. UK Financial Conduct Authority (FCA) Executive Director of Strategy and Competition Christopher Woolard has confirmed that regulators will consider such a ban, according to Finance Magnates.

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Swiss Stock Exchange to List World’s First Multi-Crypto ETP
Nov18

Swiss Stock Exchange to List World’s First Multi-Crypto ETP

SIX Swiss Exchange has received approval from Swiss regulators to list the world’s first multiple-cryptocurrency exchange-traded product, Amun Crypto ETP, according to a report from the Financial Times. The ETP will reportedly include five major cryptocurrency assets: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.

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Report: FSA Proposes Regulation for Crypto Wallet Services
Nov17

Report: FSA Proposes Regulation for Crypto Wallet Services

Japan’s Financial Services Agency (FSA) has reportedly revealed plans to provide regulation of cryptocurrency wallet service providers, according to a report from Bitcoin News. The news comes just weeks after the agency granted self-regulatory status to the nation’s cryptocurrency industry.

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WSJ: SEC Investigating $50m Crypto Lending ICO, SALT
Nov16

WSJ: SEC Investigating $50m Crypto Lending ICO, SALT

Many prominent ICOs have renewed reason to feel anxious, after the Wall Street Journal reported November 15 that the U.S. Securities and Exchange Commission (SEC) has opened an investigation and issued subpoenas to Salt Lending Holdings Inc., who in August 2017 sold $50m in SALT tokens in an Initial Coin Offering (ICO) to be used as startup capital for their lending platform.

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