As the People’s Bank of China reveals new details of its future cryptocurrency, more users are getting concerned about its partial decentralization. The People’s Bank of China (PBoC) has completed the development of a prototype for issuing a national cryptocurrency, as Cointelegraph reported on Aug. 11. As it turned out, it will be powered by a […]
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Why do countries forego large cash transactions and what role will cryptocurrencies play in this transformation. The Liberal Party of Australia recently proposed a draft bill clarifying that purchases of over 10,000 Australian dollars (around $6,750) in cash would not be legal. According to the government, this step will dissuade tax evasion and encourage a […]
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Naughty North Korea has stolen billions in crypto, India could be missing out on billions in crypto, and Litecoin’s halving disappoints. U.S. Federal Reserve launching payment system, crypto bulls nonplussed The United States Federal Reserve left some crypto enthusiasts unimpressed this week when it unveiled plans to release a real-time payments and settlements service. Known […]
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Last month, Facebook rocked the world with its big Libra announcement. Now, only one platform has the power to challenge them: the Telegram Open Network. Last month, Facebook rocked the world with its blockbuster Libra announcement. Even a year ago, the idea that an iconic United States company would launch a digital currency or that a […]
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15 countries, including the G7, will reportedly develop a system for tracking crypto transactions to prevent its illicit uses. About 15 global jurisdictions, including the G7 countries, will reportedly develop a system for tracking crypto transactions to prevent illicit uses of cryptocurrencies. The Financial Action Task Force (FATF) is planning to prepare detailed measures by […]
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The Czech Republic is expected to enforce stricter oversight of cryptocurrencies than that required by the European Union’s bloc-wide anti-money-laundering regulatory regime. The Czech Republic is expected to enforce stricter oversight of cryptocurrencies than that required by the European Union’s bloc-wide Anti-Money-Laundering (AML) regulatory regime. According to a report from local newspaper Hospodářské Noviny on […]
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About 7% of Switzerland’s biggest cross-industry self-regulatory organization (SRO) is now made up of members from the cryptocurrency industry. Switzerland’s biggest cross-industry self-regulatory organization (SRO) has seen a spike of members from the cryptocurrency and blockchain industry. 88 members of Financial Services Standards Association have connection to crypto The Swiss Financial Services Standards Association (VQF), […]
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Security tokens platform TokenSoft has officially launched Know Your Business support in order to comply with new regulations recently introduced by FinCEN. Security tokens platform TokenSoft has officially added Know Your Business (KYB) services following a successful alpha test in 2018. The San Francisco-based token issuance platform said in a press release on July 31 […]
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Crypto and blockchain companies need incentives to stick around, says Circle CEO Jeremy Allaire in aftermath of Senate hearings. The CEO of cryptocurrency trading and investment firm Circle thinks the United States will create appropriate regulation as more companies move overseas. Speaking to Bloomberg in an interview on July 31, Jeremy Allaire highlighted ongoing tendencies […]
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Four South Korean crypto exchanges face regulation stricter regulations in renewing their bank accounts following the issuance of new FATF guidelines. Four South Korean cryptocurrency exchanges are reportedly facing stricter regulation as they aim to renew their banking accounts. As local industry media TheBchain reports on July 29, the new requirements come after the Financial […]
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