As part of its authorized battle with the Securities and Trade Fee (SEC), Ripple filed a movement on June 2nd to acquire paperwork from 14 worldwide exchanges that the corporate believes might serve its case.If the movement was to be accepted it will end in a proper request for Finex,Continue Reading
Even with the coronavirus outbreak, 2020 still seems to be the year where crypto will become seriously regulated.Case in point: At the end of March, the Financial Action Task Force (FATF) explained in its latest report on the state of compliance in the U.S. that it is lacking proper cryptoContinue Reading
The head of the European Commission’s (EC) digital innovation and blockchain unit expanded on the pros of distributed ledger technology (DLT), and the current state of the regulatory framework in Europe.Balancing Blockchain Innovation and Regulatory ComplianceIn an interview with The Banker, a subsidiary of Financial Times, the head of theContinue Reading
Stablecoins in the cryptoeconomy aren’t going to get a regulatory pass on the world stage, at least if the G20 group’s top financial watchdog has anything to say about the matter.On Tuesday, March 24th, the G20’s Financial Stability Board (FSB) published a report detailing how international and domestic financial authoritiesContinue Reading
David Marcus, the Libra co-creator, has revealed new updates to the project’s white paper as the Association tries to navigate regulatory hurdles in launching the payment platform.Since its emergence, the digital payments project has drawn a steady stream of criticism from regulators and government officials across the world with someContinue Reading
Led by tokens like USDT, USDC, and the Dai, Ethereum’s stablecoin sector just had its best quarter yet in Q1 2020 as the market cap of stablecoins reached $8 billion USD for the first time ever.In this sense, the specter of dollar-pegged stablecoins has never been higher within the cryptoeconomy.Continue Reading
Smaller crypto businesses in the Netherlands face uncertain times as the Dutch National Bank (DNB) enforces its interpretation of the European Union’s fifth anti-money laundering directive (AMLD5).Despite stringent enforcement of the AML directive, the DBN claims the country remains crypto-friendly and plans to lead the development of a central bankContinue Reading
Cryptocurrency forensics platform CipherTrace has announced the launch of a new tool — Armada — for banks to use in tracking suspicious crypto transactions.The move signals the company’s expanding presence in the virtual currency monitoring space having been assisting crypto exchanges in creating protocols based on the regulatory provisions enactedContinue Reading
Instant messaging app Telegram wowed the cryptoeconomy in early 2018 when its team raised nearly $2 billion USD for the Telegram Open Network (TON) blockchain upon the firm’s Gram token sale. Yet that token offering has now turned out to be a major strategic mistake.Indeed, in the wake of theContinue Reading
Despite the reversal by the Supreme Court on the ban placed against crypto exchanges by the Reserve Bank India (RBI), local Bitcoin exchanges are still facing difficulties in receiving services from financial institutions. Market participants are now calling on the RBI to offer up much-needed clarity on their regulatory statusContinue Reading