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IDEX, the world’s most popular decentralized exchange, is to transition to a full verification model. The move comes days after the platform began excluding residents of New York State as part of its compliance efforts. Its latest measure, described by IDEX as “pragmatic decentralization” has drawn ire from a segment of the cryptocurrency community. Also … Read more
Taiwan’s legislature has amended existing anti-money laundering (AML) and counter terrorism financing (CFT) laws to place new requirements on crypto exchanges Go to Source Powered by WPeMatico
A South Korean district court has ruled that Nonghyup Bank, a major bank in the country, cannot block transactions to the account of cryptocurrency exchange Coinis based solely on the government’s anti-money laundering guidelines. This is reportedly the first time a Korean crypto exchange has taken legal action against a bank for blocking its transactions. … Read more
The IPO of crypto mining equipment producer Ebang has been reportedly halted after the alleged illicit mishandling of $71 million, Chinese news outlet Sina Finance states Go to Source Powered by WPeMatico
The chairman of Korea’s financial regulator has affirmed that crypto exchanges should face no issues with banking provisions, provided they apply AML and KYC measures Go to Source Powered by WPeMatico
Russia is urging members of the FATF to keep tabs on crypto in their jurisdictions Go to Source Powered by WPeMatico
According to the document seen by the Telegraph, “bad regulation is worse than no regulation at all” Go to Source Powered by WPeMatico
Bitcoin core is poised to make its Ethereum debut. An initiative involving several decentralized exchanges (DEXs) as well as crypto-custodians Bitgo will see BTC become WBTC, with the W standing for “wrapped.” When WBTC launches in January 2019, it will enable ethereum-based bitcoin to be traded on DEXs, boosting liquidity and opening the Ethereum ecosystem … Read more
A self-regulatory body, the Japan Virtual Currency Exchange Association, has been certified to oversee the local crypto industry and plans to increase staff Go to Source Powered by WPeMatico
Regulation is still a contentious subject that splits the crypto community down the middle. But after all the abuses witnessed to date, it’s hard to swallow the argument that the industry needs no regulating at all. That it will stifle innovation and kill off the beautiful utopia created by… hacks and scams and investors getting … Read more
