EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

EU Members Adopt Tougher Crypto Rules Than AML Directive RequiresEurope is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) […]

The post EU Members Adopt Tougher Crypto Rules Than AML Directive Requires appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Regulators Explain Why Bitcoin Futures Are Easier to Approve Than Bitcoin ETFs

Regulators Explain Why Bitcoin Futures Are Easier to Approve Than Bitcoin ETFsCommissioners of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have come together to discuss their regulatory approaches to bitcoin futures contracts and bitcoin exchange-traded funds (ETFs). The two regulators are also open to collaborating on their oversight of crypto investment products. Also read: Indian Supreme Court Moves Crypto Hearing, […]

The post Regulators Explain Why Bitcoin Futures Are Easier to Approve Than Bitcoin ETFs appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

The Daily: EU Budgets €1M to Monitor Crypto, Wyoming Mulls Fintech Bank

The Daily: EU to Spend €1M to Monitor Crypto Space, Wyoming Mulls Bank for Fintech FirmsThe European securities and markets watchdog ESMA has dedicated over 1 million euros to finance the monitoring of developments in the crypto sector. Also in The Daily this Saturday, Wyoming legislators are working on a bill that would facilitate the provision of banking services to crypto and blockchain companies, and according to a new survey, […]

The post The Daily: EU Budgets €1M to Monitor Crypto, Wyoming Mulls Fintech Bank appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight

In recent regulatory news, Dutch police have reported an increase in electricity fraud associated with crypto mining, a Michigan Republican member of the House Financial Services Committee has urged Congress to make the development of clear guidelines overseeing the cryptocurrency industry a top priority, and digital currency advocacy group, Chamber of Digital Commerce, has published […]

The post Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Australian Bank Bans Use of Mortgage Funds for Crypto Speculation

Australian Bank Bans Use of Mortgaged Funds for Crypto SpeculationOne of Australia’s oldest financial institutions, Bank of Queensland, has prohibited the use of home equity loans for virtual currency speculation. The move has been attributed to concerns pertaining to the growing regulatory oversight of the cryptocurrency sector in Australia. Also Read: Tether Announces Appointment of New Chief Compliance Officer Bank of Queensland Cracks Down on […]

The post Australian Bank Bans Use of Mortgage Funds for Crypto Speculation appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

US Regulator’s Power Over Crypto Challenged in Court

US Regulator's Power Over Crypto Challenged in CourtThe US Commodity Futures Trading Commission (CFTC) is being challenged in court over its oversight of cryptocurrencies. The defendants argue that their tokens are not commodities, with no futures contracts, which the CFTC regulates. The outcome of this case could affect the Commission’s ability to police all future crypto frauds. Also read: Yahoo! Japan Confirms Entrance […]

The post US Regulator’s Power Over Crypto Challenged in Court appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Venezuela’s National Cryptocurrency Advances But Experts Warn of Corruption

Maduro Advances Venezuela's National Cryptocurrency But Experts Warn of CorruptionVenezuela’s president Nicolas Maduro has advanced the creation of the country’s national cryptocurrency, the Petro. He believes it will take off and solve the country’s economic problems next year, but experts are concerned with corruption. Moody’s credit rating agency, for example, says market participants would have no confidence in Maduro’s government to manage it. Also […]

The post Venezuela’s National Cryptocurrency Advances But Experts Warn of Corruption appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico