Category: Regulation

Cambridge University’s Third Crypto Study Records 101 Million Cryptocurrency Users Worldwide

The University of Cambridge and the school’s Centre for Alternative Finance has published the third “Global Cryptocurrency Benchmarking Study.” The 71-page in-depth study examines the current growth of the crypto industry, mining, offchain activity, crypto asset user profiling, regulation, and security. The September 2020 third edition of the Global Cryptoasset Benchmarking Study concentrates on four…

September 25, 2020
Digital Commodity Exchange Act of 2020: US Lawmakers Propose Single National Crypto Framework

Lawmakers in the U.S. have introduced the Digital Commodity Exchange Act of 2020 to create a single, national regulatory framework for cryptocurrency trading platforms, including those that trade bitcoin, ether, their forks, and other cryptocurrencies. On the same day, the Securities Clarity Act was also introduced. Digital Commodity Exchange Act of 2020 The bill entitled…

September 25, 2020
Chinese govt. official: Gambling gangs use crypto to transfer funds abroad

China faces economic risk as illegal gambling operators move 1 trillion yuan in funds from the country, partially in crypto, says a government official.

September 25, 2020
Russian Web Censor Tells Binance It’s Been Blacklisted – Three Months Late

Roskomnadzor blacklisted Binance in June, but apparently only made the cryptocurrency exchange aware of its decision today.

September 25, 2020
Mandatory KYC verification may contradict privacy laws in South Korea

Will this legal contradiction be resolved before the deadline?

September 24, 2020
Israeli regulators propose Bitcoin be taxed as a currency, not an asset

“The regulatory reality in Israel is not adapted to the existing reality in the field,” the proposed bill states.

September 24, 2020
Chinese state-endorsed public chain to act as a global DeFi bridge, says Conflux CEO

Chinese Free Trade Zone is open to experimenting with permissionless DeFi applications.

September 24, 2020
EU Proposes Full Regulatory Framework for Cryptocurrencies

The European Commission has formally proposed legislation that will provide a comprehensive regulatory regime for cryptocurrencies.

September 24, 2020
Russian Ministry Wants Citizens to Report Their Crypto Wallet Details: Report

The Ministry of Finance is seeking amendments to the law that would force cryptocurrency users to report wallet balances and large transactions to the tax authorities.

September 24, 2020
Iran Is Ripe for Bitcoin Adoption, Even as Government Clamps Down on Mining

Iran is regulating bitcoin mining with an iron fist. But as U.S. sanctions and the pandemic put pressure on the economy, Iranians are seriously considering bitcoin as an alternative to the falling rial.

September 24, 2020