Regulation

Denis Beau, the deputy governor of France’s central bank, Banque De France, recently delivered comments regarding central banks’ approaches to cryptocurrencies. Establish appropriate cryptocurrency regulations  On Oct. 16, Beau spoke at the Official Monetary and Financial Institutions Forum conference in London, where he discussed the role of cryptocurrency assets in today’s global financial payment system.
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The United States Securities and Exchange Commission (SEC) has once again begun accepting public comments regarding the updated Bitcoin (BTC) exchange-traded fund (ETF) proposal by Wilshire Phoenix Fund. According to the official document published on Oct. 15, Wilshire Phoenix and exchange NYSE Arca have refiled and updated their application to reflect new circumstances. New and
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Earlier this week, British-American entrepreneur John McAfee, who is currently living “in exile” due to tax-related charges filed against him by the United States authorities, launched his own decentralized exchange (DEX).  The expressive crypto advocate’s McAfeedex.com is running on the Ethereum (ETH) blockchain, and, in McAfee’s own words, it is a “Wild Wild West exchange”
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Self-regulation is once again a trending topic in the cryptocurrency landscape as major exchange platforms have announced the creation of self-regulated organizations (SROs) to achieve some standardization in digital currency governance. Government regulators across various jurisdictions continue to exert greater regulatory pressure on their local cryptocurrency industries. Even inter-governmental agencies like the Financial Action Task Force
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The United States’ federal tax service has issued guidelines for tax reporting regarding cryptocurrency airdrops and hard forks. In an announcement on Oct. 9, the U.S. Internal Revenue Service (IRS) announced the issuance of Revenue Ruling 2019-24, which addresses common questions of taxpayers and practitioners regarding crypto hard forks and airdrops.  The guidance also answers
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The European Union’s finance commissioner Valdis Dombrovskis has pledged to propose new rules to regulate cryptocurrencies such as Facebook’s Libra. As Reuters reports, speaking before EU lawmakers on Oct. 8, Dombrovskis stated: “Europe needs a common approach on crypto-assets such as Libra. I intend to propose new legislation on this.” Dombrovskis’s role Having served as
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Cryptocurrency exchange Bittrex is incorporating Chainalysis know your transaction (KYT) tool to spot high-risk transactions. Compliance standards In a Sept. 26 press release, Chainalysis Inc. announced the deployment of its real-time transaction monitoring solution to the Seattle-based blockchain trading platform Bittrex. In an attempt to meet “new and existing regulatory and compliance standards,” Bittrex incorporated
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