Category: Regulation
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SEC votes to simplify exempt offering rules for securities
“While each component in this patchwork system makes some sense in isolation, collectively, there is substantial room for improvement.”
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Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform
Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation hit Venezuela already use bitcoin as a store of value as well as for cross…
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This country will now buy state-mined Bitcoin to fund imports
The Irani government will now allow imports to be paid for using Bitcoin, as per a recent report in local publication ISNA. The move is the first-of-its-kind and marks an important milestone in Bitcoin’s history. Iran has moderately friendly towards the Bitcoin market thus far. Earlier this year, the state allowed for the legal setup…
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The SEC Votes to Modernize Regulatory Framework for Derivatives Use
The US Securities and Exchange Commission (SEC) will enhance the regulatory framework for derivatives use by registered investment companies after passing a vote to either change or amend existing rules. As part of the new framework–which covers mutual funds, exchange-traded funds (ETFs), and closed-end funds–operators must undertake to implement a written derivatives risk management program.…
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Binance CEO denies allegations that the exchange’s US arm is a regulatory decoy
“Binance has always operated within the boundaries of the law,” said CZ.
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Iran’s New Crypto Law Requires Miners to Sell Bitcoin Directly to Central Bank
Iran has reportedly revised the country’s cryptocurrency regulation to require licensed bitcoin miners to sell their coins directly to the central bank for use to fund imports. Iran’s Revised Crypto Law The Iranian government has amended its cryptocurrency regulation to enable the country’s central bank to fund imports with bitcoin legally mined in the country,…
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Digital yuan will combat US ‘dollarization’ says former PBoC governor
“We need to prevent dollarization — this is one of the major designing points of the Chinese DCEP,” said Zhou Xiaochuan.