Tag Archives: regulation

Kraken Donates $1 million to Coin Center, Backing Blockchain Research

Kraken Donates $1 million to Coin Center, Backing Blockchain Research

Cryptocurrency exchange Kraken donated $1 million to Coin Center and pledged they will match donations made up to $1 million. After slamming a fact-finding inquest into crypto-exchanges, this shows their support for research designed to help regulators. Kraken Backs Blockchain Think Tank Executive Director of Coin Center, Jerry Brito, made the surprise announcement at the […]

Australians Look to Bitcoin As Government Bans A$10,000 Cash Payments

Australians Look to Bitcoin As Government Bans A$10,000 Cash Payments

The government of Australia plans to set up a Black Economy Standing Taskforce that aims to reduce the weight of illegal economic activity in the country. To this end, the commission is introducing an economy-wide cash payment limit of A$10,000 to businesses. The public authorities’ intentions may be confronted with a rush towards cryptocurrencies as many […]

Iran Is Moving Ahead With Local Cryptocurrency Development Despite Crypto Ban

Iran Is Moving Ahead With Local Cryptocurrency Development Despite Crypto Ban

Despite last weeks ban on the cryptocurrency market by central banking authorities, Iran is still moving ahead with plans to develop an experimental local coin, according to a government minister. Just last week Iran’s central bank prohibited banks in the country from dealing in cryptocurrencies, citing fears of associated money laundering. In related financial news, Iran moved […]

IMF Says Central Banks Have Needless Fears About Cryptocurrencies

IMF Says Central Banks Have Needless Fears About Cryptocurrencies

The cryptocurrency ecosystem has found an unexpected backer in the International Monetary Fund. The organization is asking the world’s central banks to be open-minded about digital money as they should “distinguish between real threats and needless fears”. IMF Wants to Help Develop Cryptocurrency Regulation Christine Lagarde, Managing Director of the International Monetary Fund, took many in […]

Ripple Urges UK Regulators to Strike a Balance for Cryptocurrencies

Ripple Urges UK Regulators to Strike a Balance for Cryptocurrencies

San Francisco based Ripple, owner the world’s third largest cryptocurrency, has made a plea to UK regulators to end the ‘Wild West’ days of cryptocurrencies. The company has urged the UK to follow in Japan’s footsteps in implementing structured regulatory frameworks to encourage safe and legal investments into digital currencies.  Britain Urged to Strike a […]

Binance Fights Increasing Regulation

Binance Fights Increasing Regulation

Zhao Changpeng, founder of Binance, was able to grow his company into the world’s largest digital-asset exchange by traded value in less than eight months. The exchange, however, may face challenging times as regulators worldwide start clamping down on the cryptocurrency market. Zhao has described regulation as a risk for Binance. Binance Under Pressure as Regulators Clamp Down […]

Bitcoin Price Surges 10% as G20 Will Not Crackdown on Cryptocurrencies

Bitcoin Price Surges 10% as G20 Will Not Crackdown on Cryptocurrencies

The G20’s announcement that it will pivot away from creating new regulations in favor of examining existing rules gave the cryptocurrency market a much needed seeing Bitcoin surge by $1000. No New Regulations The anticipation of what new regulations might come of the G20 meeting this week in Buenos Aires added to a rocky cryptocurrency market […]

Thailand Delivers First Draft Of ‘Digital Asset’ Regulations

Thailand Delivers First Draft Of ‘Digital Asset’ Regulations

Thailand’s government issued drafts of cryptocurrency and ICO legislation as lawmakers reiterated they had no intention of banning the technology, Bangkok Post reported March 14. As Bangkok Post and others report, Nathporn Chatusripitak, a spokesman for Deputy Prime Minister Somkid Jatusripitak, announced the two pending royal decrees, which will now go forward to approval from the Council of State […]