Category: Regulation
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MIT cybersecurity experts do not trust blockchain-based voting systems
“I haven’t yet seen a blockchain system that I would trust with a county-fair jellybean count, much less a presidential election.”
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Pakistan’s SEC Discusses Cryptocurrency Regulation, Central Bank Confirms No Crypto Ban
The Securities and Exchange Commission of Pakistan has published a paper discussing cryptocurrency regulation in the country. Meanwhile, the central bank has reportedly confirmed that there is no cryptocurrency ban. Pakistan’s Crypto Regulation in the Works The Securities and Exchange Commission of Pakistan (SECP) has published a position paper on the regulation of cryptocurrency trading…
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This firm wants to help the US feds in selling $1 billion of seized Bitcoin
On-chain analysis and security company Chainalysis announced the launch of its “asset realization program” to help government agencies and insolvency practitioners handle, store, realize, and monitor seized assets, as per a release earlier this week. The program was launched just days after US authorities seized over $1 billion in Bitcoin—belonging to the now-defunct darknet marketplace…
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Russia Proposes New Rules and Penalties for Cryptocurrency Owners
The Russian Ministry of Finance has developed new amendments to the country’s cryptocurrency regulation. The proposal outlines a new set of rules for crypto owners, exchanges, and miners, as well as penalties for undeclared crypto transactions. Russia’s New Crypto Regulation Russia’s Ministry of Finance has proposed new amendments to the country’s law on digital financial…
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EU will decide on digital euro in January 2021: ECB president
“At that point in time we will make the decision as to whether or not we go forward with the digital euro.”
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Bitcoin-friendly US regulator slammed for focusing “too much” on crypto
A US lawmaker famous among crypto circles for his forward-thinking stance on the addition of digital currencies in the broader economy was “blasted” by regulators on Wednesday for focusing “too much” on the niche market, as per a press release. How much is too much? Brian Brooks, Acting Comptroller of the Currency, was served a…
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Russian Ministry Moves to Soften Requirements for Crypto Tax Reporting
Russia’s Ministry of Finance has proposed legal amendments that would relax planned tax requirements for crypto holders, if passed.
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Ripple CEO cautions against institutional Bitcoin investments in Biden era
Ripple CEO Brad Garlinghouse took a dig at companies buying Bitcoin last week as the climatic effects of proof-of-work cryptocurrencies, like BTC, may be met with stern regulations if Democrat Joe Biden is elected as the US president. At press time, Biden has 290 electoral votes in the US against Republican Donald Trump’s 214 —…
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Biden taps crypto-savvy former CFTC chair for transition team
Gary Gensler will reportedly ensure a smooth transition with the Federal Reserve in addition to banking and securities regulators.
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Former Microsoft Engineer to Serve 9 Years in Prison in a Case That Involves Use of Bitcoin Mixers
A U.S. court in Seattle has sentenced a former Microsoft engineer to 9 years in prison after finding him guilty of 18 federal felonies relating to his elaborate scheme to defraud the tech giant $10 million. In passing the judgment, the court blasts Volodymyr Kvashuk, a software engineer and citizen of Ukraine, for attempting to…