Declining volatility in crypto markets has allowed startups, investors, and industry leaders to slow down, and postulate about the future of this nascent industry, catalyzing a series of positive developments. For one, in the past week, certain crypto-centric entities were awarded wheelbarrows of regulatory traction, with leading governmental agencies from Japan and the U.S. expressing their approval for this innovation,
Aijt Pai, U.S. FCC Chair, has said it’s a challenge to level the playing field between emerging technologies, including blockchain, and not disadvantage any of them. US Telecoms Regulator Studies How to Evolve Blockchain The chair of the Federal Communications Commission (FCC) – the government agency in charge of regulating radio, television, wire, satellite, and cable – told the Indian
The Indian Supreme Court on Thursday asked the Government to share its view on cryptocurrency within two weeks. The court is addressing the multitude of petitions filed by digital currency operators against the central bank’s anti-crypto circular. India is Two Weeks Away from Ending Policy Confusion over Crypto As Supreme Court Demands Clarification The Reserve Bank of India’s (RBI) circular
When Bitcoin was debuted in October of 2008, the world’s first cryptocurrency was slow to garner traction. At the time, only the most eccentric internet users were willing to allocate capital, time, and brain power to bolster the development efforts of the Bitcoin Network, the first true blockchain/decentralized database. However, as time elapsed, the cryptocurrency found an ally in the
The Malta Financial Services Authority (MFSA) has issued a warning regarding an online crypto trading platform that has untruthfully claimed to be located and licensed in the Mediterranean island nation of Malta. The company that has been flagged by the MFSA is called Primetradingbot, who, according to the watchdog, is operating what it calls a “dubious” scheme, explaining that: “Although this
U.K.-based startup SETL was granted a license from the Autorité des Marchés Financiers, the French financial watchdog, to run a blockchain-powered central securities depository (CSD). Blockchain Settlement Startup Promises to Help Cut Collateral Held up in Payment Systems As one of Europe’s biggest securities settlement systems, France will be at the forefront of “market plumbing” processes, where cash is exchanged for securities.
Japan’s FSA (Financial Services Agency) has just allowed crypto industry the permission to self-regulate. However, immediately afterward, they brought up a subject of introducing a cap on cryptocurrency margin trading. The financial regulator expressed that this move would be done for the benefit of traders, as it would reduce their exposure to volatility risks and keep speculative trading in check.
Investing in the Initial Coin Offering (ICO) markets may soon become incredibly safe and easy for Taiwanese investors, according to a recent statement from the chairman of the country’s main securities regulatory agency. The comments regarding the imminent introduction of an ICO regulatory framework came from Wellington Koo, the chairman of Taiwan’s Financial Supervisory Commission (FSC), who said that they
While a majority of crypto-related news is sculpted for public consumption, in juxtaposition to the transparency that public blockchains provide, recently-released documents from the U.S. Securities and Exchange Commission (SEC) indicate that a paramount closed-door meeting recently occurred. VanEck: Our Bitcoin ETF Issues Have Been Resolved Two weeks ago, stowed far away from the prying eyes of the crypto public,
Japan has given formal approval for its cryptocurrency industry to regulate itself, the Japan Virtual Currency Exchange Association (JVCEA) confirmed October 24th. JVCEA Can Police Exchanges In a significant development for the country, regulators opted to allow the JVCEA to ensure cryptocurrency exchanges followed legal requirements, a statement reads. Under the deal, the body will also have the power to punish those