Vitalik Buterin says both blockchain and antitrust laws have the same goal: preventing the creation of monopolies by imposing decentralization. In a recently published paper, Ethereum cofounder Vitalik Buterin along with Harvard faculty Thibault Schrepel argued that blockchain is positioned to help antitrust laws in areas where regulations are difficult to apply and enforce. The […]
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Atsushi Kuwabara from Japan-based exchange bitbank spoke to Cointelegraph regarding the new regulatory changes to the country’s crypto laws. Japanese cryptocurrency exchange bitbank has begun implementing changes to make it compliant with the country’s revised Payment Services Act (PSA), effective May 1. Atsushi Kuwabara from bitbank spoke to Cointelegraph on how local exchanges and regulatory […]
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XRP TipBot has avoided closure due to the Netherlands’ strict implementation of AMLD5 via a partnership with Uphold. XRP TipBot, a service enabling users to transfer XRP to each other via comments on Twitter, Reddit and Discord, has been saved from the threat of extinction at the hands of new regulations in the Netherlands. In […]
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Advantages and challenges in the usage of blockchain in digital services provided by governments: Overview with a close look at Brazil. In a recent trend survey made by DMEXCO and presented at an event in Cologne, Germany, it was determined that although the world is currently suffering economically, the digital economy may greatly benefit after […]
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The U.S. is printing dollars and slashing interest rates to help the people, but will it affect the crypto market? Policymakers around the world have committed unprecedented amounts of fresh money in a bid to stave off an impending recession, or worse: a total depression. In the United States, the Senate approved a $2 trillion […]
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There is no denying that you should be paying taxes on your income from crypto, but how can you ensure that you are not paying more taxes than you owe? Many crypto holders are reporting their crypto transactions for the first time as a result of the United States Internal Revenue Service’s question about “virtual […]
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Telegram’s TON network and coin were destined to fail with regulators, experts say. So, what’s left of the project? Telegram Open Network is off to a very uncertain future. Earlier this week, Telegram CEO Pavel Durov announced his company’s “active involvement with TON” was over, following a drawn-out legal battle with the United States Securities […]
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China to officially set blockchain engineers as a new occupation to promote employment amid global COVID-19 pandemic. The ongoing coronavirus pandemic is transforming blockchain companies, and its impact is not always negative for the blockchain industry. Amid the latest coronavirus crisis-fueled changes, China is taking another step toward blockchain adoption to officially recognize industry jobs. […]
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The Proof of Stake Alliance has engaged in dialogues with U.S. regulators regarding industry-driven standards for PoS protocols. The Proof of Stake Alliance revealed that it is taking critical steps toward improving the regulatory space around the Staking-as-a-Service (STaaS) market, including dialogues with the U.S. Securities and Exchange Commission. According to the announcement, the POSA met […]
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South Korea and Singapore may have the best regulations around compliance with the Financial Action Task Force guidelines. CoolBitX Founder Michael Ou believes regulators in Asia are leading the way when it comes to compliance with the Financial Action Task Force (FATF) travel rule, which is due to be implemented in June. The startup has […]
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