Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial Institutions

Bitcoin Is Financial Instrument, Clarifies Germany, Crypto Custodians Qualify as Financial InstitutionsThe Federal Financial Supervisory Authority of Germany, Bafin, has issued guidance to clarify the status of cryptocurrencies and the regulations that apply to related business activities. The recommendations are based on the country’s current legislation, taking into account the latest changes. Also read: Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online […]

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Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online Gambling

Turkey to Inspect Cryptocurrency Exchanges Within Government Offensive Against Online GamblingTurkish authorities will soon be going after crypto exchanges operating in the country, local media reported. Although the trading platforms are not the prime target of a new push to increase budget receipts, they will be placed under close examination. The news comes as a military escalation with Syria and the coronavirus outbreak in the […]

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Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors

Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP InvestorsA court case that has the future of XRP at stake continues after Ripple’s motion to dismiss it was rejected by a court in California. The plaintiffs claim that the blockchain company sold the coin as an unregistered security and demand compensation. Ripple tried to avoid the case with its defense team insisting the lawsuit […]

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Brussels Asks Europeans How to Regulate Bitcoin, Public Consultation Continues Into March

Brussels Asks Europeans How to Regulate Bitcoin, Public Consultation Continues Into MarchThe European Commission is gathering feedback from EU citizens, businesses, regulators and other interested parties to establish a regulatory framework for crypto assets and markets on a European level. The public consultation which started in December will continue until March 19, 2020, with the finalized proposal expected in the third quarter. Also read: Swiss Financial […]

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XRP Still Third Largest Crypto by Market Cap After Founder Dumps 1 Billion Coins

XRP Still Third Largest Crypto by Market Cap After Founder Dumps 1 Billion CoinsCrypto traders and speculators have been discussing the digital currency XRP (ripple) lately because the price has been stagnant compared to other digital assets. Some venture capitalists and analysts plan to short XRP, while other speculators believe the crypto is poised for a price jump in the future. Additionally, crypto enthusiasts have been discussing Ripple […]

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Bitcoin Trust GBTC Shares Spike Despite 30% Premium

Bitcoin and cryptocurrency prices have seen significant gains as the entire cryptoconomy is up more than 40% since mid-December. Grayscale’s Bitcoin Trust (GBTC) has also seen an uptick and shares have climbed 9% this week. The news follows the asset manager’s recent registration as a reporting company with the Securities and Exchange Commission (SEC) and […]

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Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not Risks

Ukraine to Oversee Crypto Transactions Above $1,200, Sees Opportunities in Legalization Not RisksCryptocurrency transactions in Ukraine will be strictly monitored by the state, although the country’s finance minister admits that it’s not digital coins but fiat cash that criminals and corrupt officials are more likely to use. The legalization of cryptocurrencies remains a priority in Kiev as the government has indicated its clear understanding that the benefits […]

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Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final Say

Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final SayA prolonged legal battle, which may hold the key to XRP’s future, has been extended again. The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap, as an unregistered security. The decision on the defendant’s motion to dismiss the lawsuit has been postponed. But even a […]

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FATF Holds Global Forum to Discuss Crypto Supervision

FATF Holds Global Forum to Discuss Crypto SupervisionThe Financial Action Task Force (FATF) and over 50 delegations involved in crypto supervision recently gathered to discuss how to regulate crypto assets and related service providers. While examining three key areas, they stressed the importance of international cooperation, citing that cryptocurrencies are global products. Also read: Regulation Roundup: EU-Wide Crypto Regulations, New Rules in […]

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Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia

Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, AsiaIn this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU-Wide Crypto Regulations Begin […]

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