Coinbase Settles Class Action Suit from Former Cryptsy Users
Jan13

Coinbase Settles Class Action Suit from Former Cryptsy Users

Cryptocurrency exchange giant Coinbase has reportedly agreed to settle a class action lawsuit brought by former users of the now-defunct Cryptsy exchange, Coindesk reported today. Court documents suggest that the exchange will settle the suit with a $962,500 transfer to an escrow agent charged with handling claims.

Read More

Read More
Japan’s FSA to Place Limits on Leverage in Cryptocurrency Margin Trading
Jan12

Japan’s FSA to Place Limits on Leverage in Cryptocurrency Margin Trading

Japan’s Financial Services Agency intends to implement a new rule that would place limits on leverage in digital asset margin trading, The Japan Times reports. The Times’ sources confirmed that the rule will be inserted in the language of a new Cabinet Office order related to changes in the country’s Financial Instruments and Exchange Act.

Read More

Read More
UK’s FCA Tasked with Supervising AML/CTF Compliance in Digital Asset Industry
Jan11

UK’s FCA Tasked with Supervising AML/CTF Compliance in Digital Asset Industry

The Financial Conduct Authority (FCA) announced Friday that it will be supervising the digital asset industry’s compliance with anti-money-laundering (AML) and counter-terrorist-financing (CTF) requirements.

Read More

Read More
South Korean Presidential Committee Urges Institutional Acceptance of Digital Assets
Jan10

South Korean Presidential Committee Urges Institutional Acceptance of Digital Assets

In South Korea, the Presidential Committee on the Fourth Industrial Revolution (PCFIR) has come out in support of institutional acceptance of digital assets, urging the government to permit the financial industry to launch crypto-derivatives and other cryptocurrency products, local news outlet Business Korea reports.

Read More

Read More
Lagarde Still Open to Potential European Central Bank Digital Currency
Jan09

Lagarde Still Open to Potential European Central Bank Digital Currency

European Central Bank President Christine Lagarde recently indicated that she’s still open to the idea of an ECB-issued digital currency. During an interview with the French magazine Challenges, Lagarde suggested that the bank would continue to explore cryptocurrency technology’s potential benefits for maintaining citizens’ access to currency as demand for physical cash diminishes over time.

Read More

Read More
SEC’s Announced 2020 Examination Priorities Include Continued Scrutiny of Digital Assets
Jan08

SEC’s Announced 2020 Examination Priorities Include Continued Scrutiny of Digital Assets

The Securities and Exchange Commission revealed its Office of Compliance Inspections and Examinations (OCIE) priorities for 2020, confirming that regulators intend to continue to scrutinize digital assets and cryptocurrency-related services. In a January 7 announcement, the SEC noted that it will continue to review fintech innovations like digital currencies and electronic investment advice services:

Read More

Read More
Qatar Announces Ban on Digital Asset Services
Jan07

Qatar Announces Ban on Digital Asset Services

The Qatar Financial Centre Regulatory Authority has announced a ban on all virtual asset services, International Investment reports. The ban will reportedly cover all digital asset trading, transfers, payments, and investments, except digital securities and other instruments regulated by the nation’s central bank or Financial Markets Authority.

Read More

Read More
India’s National Payment Corporation Unveils Blockchain Platform Vajra
Jan05

India’s National Payment Corporation Unveils Blockchain Platform Vajra

The National Payment Corporation of India has announced its blockchain-based Vajra platform for automated payment clearing and settlement. The permissioned platform will reportedly be available only to parties who are approved by the Network Administrator, and is expected to provide improved automation, data sharing, transaction speed, and transparency.

Read More

Read More
Caracas Burger King Reportedly Accepting Cryptocurrency Payments
Jan04

Caracas Burger King Reportedly Accepting Cryptocurrency Payments

While Venezuela’s government remains focused on its Petro digital currency project, one fast-food restaurant in the Sambil area of Caracas is reportedly now accepting other types of cryptocurrency payments. According to a recent twitter announcement, payment platform Cryptobuyer has partnered with Burger King Venezuela to enable customers to pay using bitcoin, dash, litecoin, ethereum, BNB, and tether.

Read More

Read More
Jordan Customs Dept to Pilot TradeLens Logistics Platform
Jan03

Jordan Customs Dept to Pilot TradeLens Logistics Platform

The Jordan Customs Department has reportedly partnered with Maersk GTD to pilot the blockchain-based TradeLens logistics platform. According to The Jordan Times, JCD and Maersk signed a Memorandum of Understanding that will result in the establishment of a pilot zone in Jordan’s Aqaba Customs Center which will utilize the TradeLens platform for international trade.

Read More

Read More
Starling Bank Founder to Launch Ziglu Digital Bank in 2020
Jan02

Starling Bank Founder to Launch Ziglu Digital Bank in 2020

Starling Bank co-founder and former CTO Mark Hipperson reportedly plans to launch his new digital bank this year, enabling customers to “transfer funds between fiat money and cryptocurrencies,” Fintech Futures reports. The new bank is called Ziglu and will initially limit its services to customers in the UK.

Read More

Read More
Takasbank Launches Blockchain-Based Gold Transfer System
Jan01

Takasbank Launches Blockchain-Based Gold Transfer System

Turkey’s Istanbul Clearing, Settlement, and Custody Bank (Takasbank) has announced the launch of BIGA Digital Gold, a blockchain-based system that enables peer-to-peer transfers of digitizable gold, Turkish news outlet AA reports.

Read More

Read More
Accused North Korea Sanctions Violator Released on $1M Bond
Dec31

Accused North Korea Sanctions Violator Released on $1M Bond

The Ethereum developer who was arrested in November and accused of trying to help North Korea use cryptocurrency and blockchain to evade sanctions has been released on a $1 million bond, the Inner City Press reports. Reports indicate that the accused, Virgil Griffith, will be required to remain with his parents during his release. The bond was reportedly secured by two family members’ homes.

Read More

Read More
COSO Anti-Fraud Advisory Group to Issue Blockchain Guidance in 2020
Dec30

COSO Anti-Fraud Advisory Group to Issue Blockchain Guidance in 2020

The Committee of Sponsoring Organizations of the Treadway Commission COSO) has confirmed plans to issue guidance for use of blockchain technology early next year, the Wall Street Journal reports. The guidance will reportedly target leaders in the financial services industry and other sectors and companies where blockchain technology is being utilized.

Read More

Read More
UN Leader Calls for Embrace of Blockchain Technology
Dec29

UN Leader Calls for Embrace of Blockchain Technology

United Nations secretary-general António Guterres is calling for the UN to fully embrace blockchain technology, Forbes reports. The secretary-general reportedly praised the technology as a vital component in the UN’s efforts to achieve its long-term goals.

Read More

Read More
Chinese Regulators Issue New Warning about Cryptocurrency Trading
Dec28

Chinese Regulators Issue New Warning about Cryptocurrency Trading

In response to new concerns about rising interest in cryptocurrencies, Chinese regulators have issued yet another warning to remind citizens not to engage in cryptocurrency-related activities. That warning, titled Risk Tips on Further Preventing ‘Virtual Currency’ Trading Activities, noted that any activities that violate China’s restrictions on cryptocurrency use are illegal and disrupt the country’s “economic and financial order.”

Read More

Read More
Swiss President Says Libra Has No Chance in Current Form
Dec27

Swiss President Says Libra Has No Chance in Current Form

Swiss president Ueli Maurer told broadcaster SRF that Facebook’s Libra project has failed in its current form, CNBC reports. According to Maurer, the project will need to make serious changes if it hopes to gain the regulatory approval it needs to achieve its vision.

Read More

Read More
Greek Admin Court Blocks Decision to Extradite Vinnik to France
Dec26

Greek Admin Court Blocks Decision to Extradite Vinnik to France

Another Greek court has weighed in on the seemingly never-ending saga of accused Bitcoin fraudster Alexander Vinnik, Reuters reports. Early this week, the nation’s top administrative court issued a ruling that suspended last week’s ministerial decision to give priority to French requests for Vinnik’s extradition.

Read More

Read More
Chinese Official: Digital Yuan ‘Not for Speculation’
Dec24

Chinese Official: Digital Yuan ‘Not for Speculation’

People’s Bank of China digital currency research institute head Mu Changchun recently said that the central bank’s new sovereign digital currency will be different than private cryptocurrencies and stablecoins, the South China Morning Post reports. Most notably, Mu asserted that the digital yuan will not be open to speculation:

Read More

Read More
Greek Justice Minister Reportedly Signs Order to Extradite Vinnik to France
Dec23

Greek Justice Minister Reportedly Signs Order to Extradite Vinnik to France

The Associated Press has reported that Greek Justice Minister Konstantinos Tsiarashas signed an order that authorizes former BTC-e head and accused bitcoin fraudster Alexander Vinnik’s extradition to France. The order was apparently signed late this week. As the Miami Herald reports:

Read More

Read More
  Subscribe To Newsletter
Subscribe to Our Newsletter

Keep up to date with the latest from DCEBrief

* we hate spam and never share your details.
×