A draft bill that would outright ban cryptocurrency is reportedly circulating among various departments of the Indian government. A draft bill that would outright ban cryptocurrency is reportedly circulating among various departments of the Indian government, local media outlet The Economic Times reported on April 25. An official familiar with the matter reportedly told the […]
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In China, 40 cases chose to settle outside of court, purportedly because of compelling evidence that could be shown with the use of blockchain technology. In China, blockchain technology is increasingly employed to settle court cases, local news outlet Global Times reported on April 25. Speaking at the 2019 Forum on China Intellectual Property Protection, […]
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U.S. crypto exchange Coibnase has filed to close down its political action committee. Major United States-based cryptocurrency exchange Coinbase has filed to close its political action committee (PAC) on April 3. According to a filing with the Federal Election Commission (FEC) — the regulatory agency in charge of enforcing election laws — Coinbase’s PAC received […]
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Courts are beginning to modernize the Howey Test for blockchain tech and cryptocurrencies. If there’s anything to take away from this federal class-action suit, it’s that this new opinion on ATB Coin provides further guidance on when a token might be considered a security under securities law in the United States. For those with a […]
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FinCEN’s enforcement against a p2p crypto exchanger could set a precedent, and French instant mashed potatoes go blockchain. Top Stories This Week FinCEN Takes First Enforcement Action Against Peer-to-Peer Cryptocurrency Exchanger In an apparent first, the United States Financial Crimes Enforcement Network (FinCEN) has given a penalty to a California resident who has been accused […]
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Fintech firms can put blockchain technology to the test, but cryptocurrency projects are excluded, India’s central bank has announced. The Reserve Bank of India (RBI) has announced the terms of its regulatory sandbox in report on April 18. Per the terms of the sandbox, various applications of blockchain technology can be tested, while cryptocurrency-related projects […]
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The Manhattan district attorney has indicted a group of individuals with allegedly selling drugs and laundering millions with bitcoin. The Manhattan district attorney has indicted a group of individuals with allegedly selling drugs and laundering millions of dollars with bitcoin (BTC). The development was announced in a press release published on April 16. Manhattan District […]
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The exchange, like others in India, faces an ongoing stranglehold on operations by the central bank. Indian cryptocurrency exchange Unocoin has fired half its staff, leaving the company with 14 workers, Indian daily news outlet The Economic Times reported on April 16. Citing regulatory uncertainty in the industry, Unocoin said it had made the decision […]
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Bloomberg calls Bitcoin a bubble yet again, and Facebook is seemingly looking for $1 billion from VC firms for its stablecoin. Top Stories This Week NYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to […]
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A fellow at a libertarian think tank has criticized the U.S. SEC for stretching regulations in an attempt to regulate cryptocurrencies. John Berlau, a senior fellow at libertarian think tank Competitive Enterprise Institute, criticized the United States Securities and Exchange Commission’s (SEC) approach to regulating cryptocurrencies. Berlau delivered his comments in a report published on […]
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