Regulation

Regulation

Ex-CFTC Advisor: Facebook’s Libra Could Be Both Security and Commodity

Security? Payment token? Utility token? Defining Facebook's Libra won't be easy, and it's not Facebook's call, says Jeff Bandman.

Policy & regulation  ·  17 July 2019
Bitcoin

Cuba Libra? Island Nation Slowly Explores Cryptocurrency Options

Cuba highlights the difference between bitcoin and corporate token projects like Facebook's Libra.

Policy & regulation  ·  16 July 2019
Regulation

Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair

Former CFTC Chairman Gary Gensler believes Facebook's Libra looks – and should be regulated like – a security.

Policy & regulation  ·  16 July 2019
Regulation

Traditional Money Could Be ‘Surpassed’ By E-Money, Stablecoins: IMF Paper

A new IMF paper suggests that cash and bank deposits could be left behind as digital money and fiat-pegged cryptos see greater adoption.

Policy & regulation  ·  16 July 2019
Regulation

Top Republican Touts Blockchain Privacy as Alternative to Regulating Big Tech

U.S. House minority leader Kevin McCarthy has argued for the use of blockchain networks in protecting users' data from "exploitation."

Policy & regulation  ·  16 July 2019
Regulation

What to Expect When Congress Grills Facebook on Cryptocurrency

The Congressional hearings on Facebook's Libra are likely to focus more on the company's privacy failings than broad crypto policy questions.

Policy & regulation  ·  15 July 2019
Japan

Japan Creates Working Group to Discuss Facebook Libra Ahead of G7 Meeting

Japan has set up a working group to examine the issues raised by Facebook's Libra cryptocurrency project ahead of a G7 meeting this week.

Policy & regulation  ·  15 July 2019
Europe

UK Announces ‘Dirty Money’ Crackdown, Including Tougher Crypto Regime

The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets.

Policy & regulation  ·  15 July 2019
Regulation

What Trump’s Bitcoin Tweet Changes

Donald Trump took aim at bitcoin last week. He also kicked off a whole new phase in bitcoin's mainstream moment.

Policy & regulation  ·  15 July 2019
Regulation

Police in Spain Say Bitcoin ATMs Expose Problems in Europe’s AML Laws

Spanish police authorities are raising the alarm because a recent criminal case involved the use of bitcoin ATMs, making their jobs more difficult.

Policy & regulation  ·  11 July 2019
Regulation

China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief

China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head.

Policy & regulation  ·  11 July 2019
Exchanges

Canada’s Crypto Exchanges Must Now Register as MSBs, Report Transactions Over $10K

Canada has updated its anti-money laundering rules, classing crypto exchanges as MSBs and mandating financial compliance and reporting.

Policy & regulation  ·  11 July 2019
Regulation

Winklevoss-Backed Crypto Self-Regulatory Group Prepares to Woo Congress

The Virtual Commodity Association has launched six committees to write “well-informed, sensible regulation” for the crypto industry.

Markets  ·  11 July 2019
Regulation

Facebook Says It Won’t Launch Crypto in India Due to Regulatory Issues

Facebook reportedly said that current regulatory restrictions mean it has "no plans" to launch its digital wallet service and crypto in India.

Policy & regulation  ·  10 July 2019
Regulation

North Carolina’s Lt. Governor Launches Blockchain Initiative

North Carolina Lieutenant Governor Dan Forest has launched an initiative to study the "unique attributes and use-cases" of blockchain tech.

Policy & regulation  ·  9 July 2019