Cyprus Securities Regulator Calls for Adoption of EU Anti-Money Laundering Framework

February 19, 2019 cashtechnews

Cyprus’ securities regulator is calling for the transposition of an extended version of the European Union’s Fifth Anti-Money Laundering Directive into national law. The Cyprus Securities and Exchange Commission (CySEC) is calling for the transposition of the European Union (EU)’s Fifth Anti-Money Laundering (AML) Directive (AMLD5) into national law — bringing local regulation of cryptocurrencies […]

Tim Draper Predicts Crypto Will Rule, Only Criminals Will Use Cash in Five Years

February 18, 2019 cashtechnews

Bitcoin bull Tim Draper said that cash will be used only by criminals in five years, while crypto will become widespread. Billionaire investor and known Bitcoin (BTC) bull Tim Draper argued that in five years, only criminals will use fiat as crypto becomes universally widespread. Draper made his claims in an interview with American financial […]

Indonesia’s Commodity Futures Regulator Releases Regulation for Crypto Futures Market

February 18, 2019 cashtechnews

Indonesia’s Commodity Futures Trading Supervisory Agency adopted a legal framework for crypto futures trading. Indonesia’s commodity futures regulator has established a legal framework for operating crypto and digital assets futures markets, according to an official press release published on Feb. 18. The Indonesian Commodity Futures Trading Supervisory Agency (Bappebti), which operates under Indonesia’s Ministry of […]

Indonesia: New Legislation Recognizes Crypto as Trading Commodity

February 15, 2019 cashtechnews

New legislation introduced in Indonesia recognizes cryptocurrencies as trading commodities and gives legal certainty to crypto exchanges. Indonesia has introduced new legislation that recognizes Bitcoin (BTC) as a trading commodity, Asia-oriented news outlet KrASIA reported on Feb. 15. Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, initially signed a decree to make cryptocurrency […]

Isle of Man Gov’t Executive Agency Forms Global Blockchain Office, Regulatory Sandbox

February 5, 2019 cashtechnews

Digital Isle of Man, an executive agency for the Isle of Man’s government, formed a global blockchain hub and regulatory sandbox. An advisory body for the self-governing British dependency Isle of Man (IoM) has launched a hub to promote the development of blockchain, fintech news agency FStech reports on Feb. 5. As a key decision […]

Report: Analysts Identify Trail of Bitcoin Donations to Gaza’s Ruling Group Hamas

February 4, 2019 cashtechnews

An Israeli blockchain intelligence firm claims to have identified proof of donations in Bitcoin reaching Hamas, the de facto ruling authority of the Gaza Strip in Palestine. An Israeli blockchain intelligence firm claims to have identified proof of donations in Bitcoin (BTC) reaching Hamas, the de facto ruling authority of the Gaza Strip in Palestine. […]

Malta’s Regulatory Framework Has Attracted Crypto Players, but International Watchdogs and Local Opposition Are Skeptical

February 2, 2019 cashtechnews

The International Monetary Fund claimed that the growth of blockchain in Malta has created major risks of money laundering. Last week, the International Monetary Fund (IMF) claimed that the growth of blockchain in Malta has created major risks of money laundering and terrorism financing in the island’s economy, as per the local media. Malta is […]

New York Financial Regulators Grant BitLicense to Bitcoin ATM Operator

January 31, 2019 cashtechnews

The New York State Department of Financial Services has granted a BitLicense to a Bitcoin ATM operator, Cottonwood Vending LLC. The New York State Department of Financial Services (NYDFS) has granted a virtual currency license, or BitLicense, to Cottonwood Vending LLC, according to an official tweet on Jan. 31. Cottonwood Vending is a Bitcoin (BTC) […]

International Monetary Fund Says Growth of Blockchain in Malta Poses Significant Risks

January 24, 2019 cashtechnews

A mission from the IMF has judged that the growth of blockchain in Malta has created significant risks of money laundering and terrorism financing. A mission from the International Monetary Fund (IMF) has judged that the growth of blockchain in Malta has created significant risks of money laundering and terrorism financing in the island’s economy. […]

South Africa Is Making Strides Toward Crypto Clarity With the Reserve Bank’s Latest Report

January 22, 2019 cashtechnews

The South African Reserve Bank’s latest cryptocurrency report has led to a positive outlook for the sector in the country. A working group of South African financial regulatory organizations has released a consultation paper focused on cryptocurrencies, calling for public input to develop a cryptocurrency regulation policy for the country. This latest consultation paper is […]

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