Financial authorities are still trying to find the right legal framework to regulate cryptocurrencies. Different jurisdictions have different laws. All, however, seem to agree on one thing that the crypto space requires: regulations. To create a working framework, governments and financial authorities have spent hours behind closed door trying to figure out the right approach,. … Continue reading “Regulators Drafting Cryptocurrency Regulations, Despite Bear Market”
Regulations
Cryptocurrency ETF Approval: The First One Goes Live this Week
Author Ifeanyi NwaokoriePosted on Categories Altcoin, Cryptocurrency, ETF, General, RegulationsLeave a comment on Cryptocurrency ETF Approval: The First One Goes Live this WeekThe U.S. investment watchdog, the Securities and Exchange Commission (SEC) has repeatedly turned down Exchange-Traded Funds (ETF) seeking its approval. However, while the U.S. regulators are dragging their feet, their Swiss counterpart seems to be setting the pace. The global cryptocurrency community will welcome the first-ever ETF on a traditional stock exchange. A crypto startup, Amun … Continue reading “Cryptocurrency ETF Approval: The First One Goes Live this Week”
US SEC Cracks Down on Two More Initial Coin Offerings (ICOs)
Author Eric Van OrmanPosted on Categories Crypto Exchanges, Cryptocurrency, General, ICO, News, RegulationsLeave a comment on US SEC Cracks Down on Two More Initial Coin Offerings (ICOs)The SEC wrapped up settlements with two ICOs on Friday and published their orders. The ICOs were Airfox and Paragon. Together, they raised over $10 million from a few thousand investors. Following the settlement, they’ll both have to pay a penalty of $250,000 and refund investors’ money. They must also register as securities and report … Continue reading “US SEC Cracks Down on Two More Initial Coin Offerings (ICOs)”
Cryptocurrency: Understanding the Tax Process applying to Bitcoin
Author Dennis WafulaPosted on Categories Banking, Bitcoin, Cryptocurrency, General, News, RegulationsLeave a comment on Cryptocurrency: Understanding the Tax Process applying to BitcoinTaxing cryptocurrencies is proving to be a challenge for both authorities and taxpayers. The tax obligation and process are still a little hazy to most people in the crypto space. Bitcoin and other cryptocurrencies gained a lot of interest for lack of any regulatory obligations. Many love the digital currencies since no government or banking … Continue reading “Cryptocurrency: Understanding the Tax Process applying to Bitcoin”
Blockchain Investor says Bitcoin ETF will Ignite the Next Crypto Rally
Author Ifeanyi NwaokoriePosted on Categories Bitcoin, Business, Cryptocurrency, ETF, General, RegulationsLeave a comment on Blockchain Investor says Bitcoin ETF will Ignite the Next Crypto RallyThe cryptocurrency market reeks of lackluster performance lately, to say the least. To support that fact, data from many cryptocurrency analytical platforms depicts how bad the market has become. However, it appears that the things are normalizing now. Indeed, records from CoinMarketCap suggest that the market has become increasingly resilient and stable. Therefore, the approval … Continue reading “Blockchain Investor says Bitcoin ETF will Ignite the Next Crypto Rally”
SEC Official: Plain English Guidance on ICO on its Way
Author Shilpa ChakravortyPosted on Categories Cryptocurrency, General, ICO, News, RegulationsLeave a comment on SEC Official: Plain English Guidance on ICO on its WayWilliam Hinman, Director of Corporate Finance for the Securities and Exchange Commission (SEC) spoke at FinTech Week in D.C. on Monday. He said that the SEC will soon have “plain English” guidance for ICOs. The SEC is well aware that many want definitive answers, and Hinman offered some reassurance on the matter Hinman says they … Continue reading “SEC Official: Plain English Guidance on ICO on its Way”
Investor John McAfee Says Cryptocurrency Could Soon Replace Fiat
Author Eric Van OrmanPosted on Categories Crypto Technology, Cryptocurrency, General, News, Regulations1 Comment on Investor John McAfee Says Cryptocurrency Could Soon Replace FiatInvestor John McAfee was a keynote speaker at the Malta Blockchain Summit on Friday. Here he spoke about the use of crypto for personal freedom as opposed to government control. He sees crypto’s dominance as inevitable, but also calls for people to take action to help it grow. McAfee is a former software developer and … Continue reading “Investor John McAfee Says Cryptocurrency Could Soon Replace Fiat”
Your Guide to U.S. Policy on Cryptocurrencies
Author Saket Kumar SinghPosted on Categories Business, Crypto Guide, Crypto Technology, Cryptocurrency, RegulationsLeave a comment on Your Guide to U.S. Policy on CryptocurrenciesAs the demand and use of cryptocurrencies rise, so does the ability of various governments to regulate them. Therefore, every country has separate standards, implying that certain governments back cryptocurrencies, while others don’t. For instance, the US alone handles more than 26% of the Bitcoin volume, according to Cryptocompare. With such a high market cap … Continue reading “Your Guide to U.S. Policy on Cryptocurrencies”
Blockchain: Best Technology to Track Gold And Diamonds
Author Andrew O'MalleyPosted on Categories Blockchain, Business, Crypto Mining, Crypto Technology, General, Regulations, UncategorizedLeave a comment on Blockchain: Best Technology to Track Gold And DiamondsMining is a critical industry in the global economy. However, even in this industry, there are multiple functions that still remain inefficient.Some of the problems that bedevil the mining industry are corruption, critical data omission and security vulnerabilities. Blockchain technology offers a solution to these issues by providing security and transparency in the supply chain … Continue reading “Blockchain: Best Technology to Track Gold And Diamonds”
US SEC to Review Nine Rejected Bitcoins ETFs Next Week
Author Saket Kumar SinghPosted on Categories Bitcoin, Business, Cryptocurrency, ETF, RegulationsLeave a comment on US SEC to Review Nine Rejected Bitcoins ETFs Next WeekThe US SEC has set November 5th as the deadline for reviewing all ETF applications. The commission indicated that the deadline date will give investors time to review their investments and comply with new rules. The proposed rules will change the trading methods of exchange traded funds and Bitcoin.Additionally, the review will affect 9 ETFs … Continue reading “US SEC to Review Nine Rejected Bitcoins ETFs Next Week”
