Category: Regulations
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The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub
Following a decision to recognize mining as an industry, the Islamic Republic of Iran is about to legalize the import of mining equipment. Also in The Daily, an executive at a leading Spanish bank insists cryptocurrencies are “perfect” and must be understood; trying to better understand the crypto space, Cyprus has set up a fintech…
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Alternative Crypto Bills Presented in Ukraine and Russia
Draft laws employing alternative approaches to regulating digital currencies have been introduced in Ukraine and Russia. In Kiev, a bill that classifies cryptocurrency as an asset, unit of exchange and store of value has been filed in the Rada and it’s supported by both deputies and representatives of the industry. In Moscow, the managers of…
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The Daily: Malta Sees No Issue With Unlicensed Crypto Firms, Valletta Mansion on Sale for Crypto
Malta is not worried about crypto companies operating while their applications for licenses are still pending as the loophole does not mean they are free from obligations under the current regulations, officials from the island nation commented. Also in The Daily, a €3 million palazzo in Valletta has been put up for sale and the…
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UAE Securities Watchdog Approves Plan to Regulate ICOs
The securities and commodities regulator in the United Arab Emirates has approved a plan to adopt comprehensive regulations for crowdfunding through ICOs and recognize tokens as securities. The decision comes after a review of best practices in other countries and signals a change in its position regarding initial coin offerings. Earlier this year investors were…
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43 Women Nominated for the Board of the Swiss Crypto Valley Association
The Crypto Valley Association in Switzerland has decided to elect two female board members to diversify its male-dominated leadership. The vote scheduled for September 20 has attracted an unexpected number of nominations – 43. The women will fill similar roles to those of the current members, including co-chairing working groups and interacting with authorities and…
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Russia Developing Own Mining Pools
The Russian crypto association is working on two projects to create mining pools offering better conditions to the local mining companies. The industry has seen robust growth with 70,000 enterprises currently operating in the field. Miners are taking advantage of the cheap electrical energy produced in Russia. Many companies believe it’s time to legalize all…
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The Daily: EU Urged for Common Crypto Rules, EEU Ready for Common Crypto
A Brussels-based think tank has urged the European Union to adopt common crypto regulations. Its report will be reviewed during this week’s meeting of the EU finance ministers in Vienna. Also in The Daily, the Eurasian Economic Union may adopt a single settlement currency, possibly a crypto, Samsung Pay offers a tokenized money transfer service…
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Russians Design а ‘Beautiful’ Mining Rig
A Russian design studio has developed a “beautiful” cryptocurrency mining rig. The fashionable “Freer” is a modular, customizable home mining device. It comes in different colors, displays and sets of ports, depending on the requirements of the client. Meanwhile, members of the Russian crypto community have urged the government to classify individual miners as self-employed which…
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Philippine SEC to Publish Draft Crypto Exchange Regulations Next Week
The Philippine Securities and Exchange Commission (SEC) is exploring regulating cryptocurrency as trading platforms, according to SEC Commissioner Ephyro Luis Amatong. Commissioner Amatong also indicated that the current Australian and Swiss legislative apparatus pertaining to virtual currency exchanges are being considered as possible templates for the future regulatory framework of the Philippine SEC – the…
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California Passes Bill Defining Blockchain and Crypto Terms
A draft law designed to amend California’s legislation to create legal grounds for the implementation of crypto-related technologies has been passed by the state’s legislature. Assembly Bill 2658 amends the California Civil Code, Government Code, Corporations Code, and Insurance Code to legalize the use of blockchain secured data and smart contracts in local and foreign…