New Singapore Payment Services Act Includes Forensic Crypto Tracking

Financial regulators in Singapore are looking to implement robust crypto tracking as part of efforts to combat financial crimes. This move comes as authorities are set to introduce the country’s new Payment Services Act. MAS Wants to Combat Illegal Crypto Transactions According to a speech published by the Monetary Authority of Singapore (MAS), the financial […]

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FCA Pondering Crypto-Derivatives Ban – Bitcoinist.com

The UK’s Financial Conduct Authority (FCA) intends to ban crypto-related derivatives aimed at retail investors, according to a recent article published by The Economist. A consultation in this regard ended yesterday, and the verdict will be available early next year. FCA Concerned About Crypto Losses According to the Economist author, the British financial regulator is […]

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Lawsuit to Abolish BitLicense Moving to Highest NY Court

Theo Chino and his attorney Pierre Ciric have been trying to eliminate BitLicense almost since its enactment. Now they are pushing their case to The New York Court of Appeals, which is the highest court in the state of New York. BitLicense Is Onerous and Too Intrusive BitLicense was the first comprehensive virtual currency regulatory […]

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Bitcoin ETFs Will Either Launch Or Die This October, SEC Confirms

The US Securities and Exchange Commission (SEC) must approve or disapprove at least two Bitcoin exchange-traded funds (ETFs) this October. 2-Month Countdown To Bitcoin ETF Decision In filings released August 12, the SEC chose to postpone final judgement on three ETFs it is currently considering. The offerings, sponsored by VanEck/SolidX, Bitwise and Wilshire Phoenix, all […]

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Cryptocurrency Space Needs Room To Grow: SEC Commissioner

Speaking on the topic of cryptocurrency regulation, U.S. Securities and Exchange (SEC) Commissioner Hester Peirce says the crypto space requires some leeway for innovation. SEC Shouldn’t Stifle Cryptocurrency Innovation Speaking during the Bakkt Digital Asset Conference, ‘crypto mom,’ as Peirce is affectionately dubbed within the industry called on regulators to allow room for digital innovation. […]

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US Couldn’t Ban Bitcoin –

Yesterday saw yet another U.S. Senate Banking Committee hearing on regulatory frameworks for digital currencies and blockchain. Libra got another bashing, and Chairman, Mike Crapo, surmised the U.S. “couldn’t succeed” in banning Bitcoin and cryptocurrencies even if it wanted to. Good Start For Bitcoin, Bad For Facebook Crapo introduced the hearing on a positive note for […]

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Bitcoin Price Inaction, India Ban, and Sanction Busting –

The United Kingdom gained a new Prime Minister this week, voted for by Conservative party members. But will Boris be bad for Bitcoin? Or perhaps cause prices to rise? Maybe Boris isn’t the answer to all our questions and we should be looking elsewhere… like the rest of the weeks news, for instance. Bitcoin Price: Down But […]

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Russia: Crypto Won’t Receive Money Status Anytime Soon

Russia won’t officially legalize digital currencies in the near future, according to the conclusions of the participants of a “round table” dedicated to crypto regulation. Issuance of Anything Besides Ruble is Still Illegal On Thursday, July 25, a panel of Russian officials and experts discussed the regulation of cryptocurrency. The event was hosted by the […]

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Good News For Bakkt? NYDFS Announces Crypto-Licensing Division

The New York State Department of Financial Services (NYDFS) yesterday announced the creation of a new division for licensing crypto-businesses. The ‘Research and Innovation’ Division will supervise and license virtual currencies, address financial inclusion through technology, protect consumer data rights, and encourage innovation in the financial services marketplace. A New ‘BitLicense’ Division Four years ago, NYDFS introduced […]

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Weekly Digest: Bitcoin Price, Libra Hearings And More

Yesterday, the world celebrated the 50th anniversary of the first Moon landing. But did the week’s crypto news give any indication of ‘When Moon?’ for Bitcoin? Bitcoin Price: Another Week Of Consolidation So it’s been another week of consolidation for bitcoin price, which is never a bad thing long term. Let’s have a look at […]

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