Category Archives: Regulation

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Brazilian Crypto Businesses, Exchanges Create “Rival” Cryptocurrency Associations

Brazilian Crypto Businesses, Exchanges Create “Rival” Cryptocurrency AssociationsBrazil’s largest cryptocurrency exchanges, including Bitcointrade, Mercado Bitcoin, Foxbit, and others, recently joined forces to create a cryptocurrency association whose goal is to defend the interests of cryptocurrency users. The organization, dubbed Associação Brasileira de Criptoeconomia (ABCripto) recently found out other companies created a “rival” association. Headed by… Read More »

SEC Quietly Puts Bitcoin ETF Proposals Back on the Table

SEC Quietly Puts Bitcoin ETF Proposals Back on the TableThe US Securities and Exchange Commission (SEC) has quietly begun considering two Bitcoin ETF proposals, public documents show. According to SEC documents dated March 23, the agency has instituted formal proceedings to determine whether to approve a rule change that would allow NYSE Arca to list… Read More »

‘S-Coin’: Seoul Mayor Floats Launching Cryptocurrency for South Korea’s Capital City

‘S-Coin’: Seoul Mayor Floats Launching Cryptocurrency for South Korea’s Capital CityOne of the world’s largest cities may soon have its own cryptocurrency, at least if Seoul Mayor Park Won-soon succeeds in his bid to launch “S-Coin.” Park, who will seek a third term as mayor in the June elections, told CoinDesk Korea that S-Coin —… Read More »

Not Everyone’s a Fan of the CFTC Chairman aka ‘Cryptodad’

Not Everyone’s a Fan of the CFTC Chairman aka ‘Cryptodad’As commodities regulators go, few have managed to attain the cult following that US Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has assembled in recent weeks. However, the markets supervisor — nicknamed “cryptodad” by cryptocurrency enthusiasts — is finding that this newfound fame does… Read More »

Chilean Cryptocurrency Exchanges Seek Clear Regulations After Banks Shutter Accounts

Chilean Cryptocurrency Exchanges Seek Clear Regulations After Banks Shutter AccountsTwo Chilean cryptocurrency exchanges, BUDA and Crypto MKT, recently saw a number of banks in the country shut down their accounts for dealing with cryptocurrencies. In response, the companies decided to call on the country’s banking association, Asociación de Bancos e Instituciones Financeras (ABIF), to clarify… Read More »

Quebec Blogger Slams Government For Dissing Crypto Mining

Quebec Blogger Slams Government For Dissing Crypto MiningThe Quebec government’s recent actions to disconnect cryptocurrency mining from the region has drawn criticism from Francois Remy, head of the digital desk at Les Affaires, a Quebec newspaper, in a recent blog. Quebec Premier Philippe Couillard has said the bitcoin miners planning to move to the region… Read More »

ABA Tax Experts Ask IRS to Create Safe Harbor for Cryptocurrency Hard Forks

ABA Tax Experts Ask IRS to Create Safe Harbor for Cryptocurrency Hard ForksThe American Bar Association (ABA) Section of Taxation has formally asked the US Internal Revenue Service (IRS) to create a safe harbor for investment gains realized from cryptocurrency hard forks. In the letter, which was drafted by Section Chair Karen Hawkins, the ABA… Read More »

US Regulatory Climate Continues to Be Hazy for ICOs

US Regulatory Climate Continues to Be Hazy for ICOsThe US Congress continues to pass business-friendly legislation, but many in the cryptoasset space complain that ambiguities in federal securities laws will prevent initial coin offering issuers (ICOs) from taking advantage of them. Last week, the House of Representatives passed the Regulation A+ Improvement Act of 2017,… Read More »

Could Trump’s Executive Order Banning ‘Petro’ Transactions Lead to Backdoor Cryptocurrency Regulations?

Could Trump’s Executive Order Banning ‘Petro’ Transactions Lead to Backdoor Cryptocurrency Regulations?President Donald Trump’s executive order banning US residents from engaging in transactions related to Venezuela’s “Petro” cryptocurrency could give the federal government an opening to regulate cryptocurrencies more closely under the guise of national security. The order, signed by Trump on Monday and effective… Read More »