Spain to Share Data of Users From Domestic Crypto Businesses With European Union Countries

Spain to Share Data of Users From Domestic Crypto Businesses With the European Union CountriesThe Spanish government doesn’t stop imposing its tough stance on cryptocurrencies, as another rule comes to strengthen the existing ones. A royal decree recently enacted aligns current regulations with the European Union’s directives regarding anti-money laundering (AML). Rule Aligns With the European AMLD5 Policies According to the decree published in the state official newsletter, Spanish […]

Go to Source

Powered by WPeMatico

Will the Implementation of Regulations Kill the Cryptocurrency-Dependent Industries?

TheMerkle Austria Finance Minister Bitcoin RegulationCryptocurrencies, particularly Bitcoin, have been around for over 10 years now. Currently, we still can’t say that it has already reached the mainstream market, but many still see its potential. In the next years, it is expected that more people will be using cryptocurrencies to transact online. It was really in 2017 when many have started to take notice of Bitcoin and other altcoins like Ethereum, DogeCoin, LiteCoin, Ripple, and etc. During this year, Bitcoin’s value peaked at 20,000 US dollars. This made quite the noise and many people and businesses have started to take cryptocurrencies as a mode of

The post Will the Implementation of Regulations Kill the Cryptocurrency-Dependent Industries? appeared first on The Merkle Hash.

Go to Source

Powered by WPeMatico

Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors

Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional InvestorsSince the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator in charge of licensing crypto service providers, Boerse Stuttgart is preparing to offer crypto custody […]

The post Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law

40 Banks in Germany Declare Intent to Offer Crypto Services Under New LawMore than 40 financial institutions in Germany have reportedly declared to the country’s financial regulator, BaFin, their interest to offer cryptocurrency services under the new German law. News.Bitcoin.com reached out to the regulator for some more information. The law, which went into effect early this year, enables banks to offer crypto services after obtaining a […]

The post 40 Banks in Germany Declare Intent to Offer Crypto Services Under New Law appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions

Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto TransactionsFamous for its favorable business climate that has attracted hundreds of crypto companies, Switzerland is now expanding its financial regulatory framework. Some of the upcoming rules will increase oversight in the blockchain industry in compliance with new international standards regarding operations with digital assets. Also read: With New Regulations, Europe’s Crypto Companies May Be Running […]

The post Swiss Financial Watchdog Proposes $1,000 Client Identification Threshold for Crypto Transactions appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application Charges

UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application ChargesYoung and small cryptocurrency businesses will pay lower registration fees than big companies, the United Kingdom’s financial watchdog has decided after consultations with members of the industry. The revised fee scheme takes into account the firms’ income to determine the amount they’ll be charged to cover supervision costs. Also read: Singapore Introduces Licensing for Crypto […]

The post UK Crypto Startups to Pay Discounted £2,000 Fee for Registration, FCA Revises Application Charges appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage Crime

Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage CrimeThanks to the EU’s most recent money laundering directive, a small business called Post-a-coin, which sold cute postcards pre-loaded with tiny amounts of bitcoin, is being forced to shut down. Meanwhile, the most heinous criminals in history are continuing to facilitate violence, trafficking and laundering of cash with impunity. Also Read: Why the Counter Economy […]

The post Unnecessary Evil: How Government Regulations Kill Crypto Startups and Encourage Crime appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

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 […]

The post Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

With New Regulations, Europe’s Crypto Companies May Be Running Out of Options

With New Regulations, Europe’s Crypto Companies May Be Running Out of OptionsEuropean crypto companies are finding themselves in a changing regulatory environment. The new realities they have to deal with stem from the fifth edition of the European Union’s anti-money laundering directive. AMLD5 introduces stricter customer due diligence requirements and some in the industry have realized their business models, based on key principles of the crypto […]

The post With New Regulations, Europe’s Crypto Companies May Be Running Out of Options appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

EU Countries Commence Crypto Regulations as Mandated by New Directive

EU Countries Start Regulating Cryptocurrency as Mandated by New DirectiveThe European Union’s 5th Anti-Money Laundering Directive mandates that member states start regulating crypto assets by Jan. 10. Crypto exchanges and custodial wallet providers are now covered by the same regulatory requirements as banks and other financial institutions. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU’s Regulatory Deadline: Jan. […]

The post EU Countries Commence Crypto Regulations as Mandated by New Directive appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico