The United States government could regulate crypto assets and tokens differently than stocks and traditional assets. The United States government could regulate crypto assets and tokens differently than stocks and traditional assets by altering the existing regulatory framework on securities. On Dec. 22, CNBC reported that two congressmen — Warren Davidson and Darren Solo — […]
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U.S. lawmakers recently introduced a bill that would impose further sanctions on Iranian financial institutions and its national cryptocurrency. United States lawmakers have introduced a bill to levy further sanctions on Iranian financial institutions and the development and use of the national digital currency. HR 7321 was introduced in the House of Representatives by Rep. […]
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Russia’s Ministry of Finance believes launching a single digital currency backed by the EAEU is inevitable due to U.S. sanctions. Russia’s Ministry of Finance (MinFin) believes that the creation of a Eurasian Economic Union (EAEU)-backed digital currency is inevitable due to the United States’ sanctions. Major Russian media agency Rambler reported MinFin’s comments on Friday, […]
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The Chinese fintech incubation zone located in China’s Guangdong province has officially started operations. The Chinese fintech incubation zone located in the Guangdong province has officially started its operations, Chinese news outlet Chinese Software Developer Network (CSDN) reports Dec. 21. According to the article, the zone — which officially opened Dec. 20 — has a […]
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Chilean banks urge anti-monopoly court to revoke its decision that impedes blocking crypto exchanges’ banking accounts. Two major Chilean banks have urged the country’s anti-monopoly court to revoke its decision that prevents the closure of local crypto exchanges’ banking accounts. This development was reported by Chilean newspaper La Tercera on Thursday, Dec. 20. Banco del […]
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Three figures at Upbit and owner Dunamu are under investigation after South Korea’s financial regulator complained to authorities. South Korea’s largest cryptocurrency exchange Upbit has denied accusations it had manipulated its order book after regulators indicted three of its staff, local English-language news outlet The Korea Times reported 21. Upbit, which is owned by developer […]
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30 major Chinese media outlets established a new alliance for copyright protection using blockchain technology. A media copyright protection alliance has been established in Beijing to provide copyright protection services using blockchain technology, according to the Chinese state-owned International Finance News on Dec. 19. The newly established alliance — the “China Financial Media Copyright Protection […]
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Global blockchain platform Waves raised $120 million in a private funding round for its new project called Vostok. Global blockchain platform Waves has raised $120 million in a private funding round for its new project called Vostok, according to an official blog post published Dec. 19. The Vostok project is a “universal blockchain solution” that […]
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French Parliament has rejected most of crypto-related amendments to the 2019 finance bill which were expected to ease taxation. The lower house of the French parliament has rejected the amendments to the 2019 finance bill which would ease crypto-related taxation. French monthly business magazine Capital reported this Tuesday, Dec. 18. The amendments that have been […]
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GMT, which describes itself as Israel’s “largest” financial player, is joining Ripple’s network, alongside names such as MoneyGram. Israel-based financial services firm GMT has joined Ripple’s bank and payment provider network, the company confirmed in a recent press release. The result of a “long and precise process,” the move reportedly will help the company remain […]
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