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For years, blockchain and crypto companies have struggled to access banking services, even a decade after Bitcoin was invented. While cryptos have become especially popular in the last two years, the situation hasn’t changed much around the world. Crypto and blockchain companies have had to turn to banks in smaller countries which have been more … Read more
Cryptos have risen in popularity around the globe, and Austria hasn’t been left behind. The country has seen a rise in the number of people interested in investing in cryptos, and according to one member of the country’s Financial Markets Authority (FMA), regulation of this industry is long overdue. The member, Helmut Ettl, in an … Read more
Johann N. Schneider-Ammann, the head of Switzerland’s Department of Economic Affairs, has said that blockchain technology will undoubtedly penetrate the entire economy of Switzerland and make a global impact that is as big as that of the internet. Ammann noted that Switzerland has already evolved into a leader in blockchain technology and intends to continue … Read more
At press time, the father of cryptocurrencies has shot up by over $400, and is now trading for $6,650. After many analysts stated that the $5,000 range was imminent, it appears bitcoin has impressed (and surprised) us once again by halting its descent earlier than expected. Whether it shoots back up to the $7,000 range … Read more
The Thailand Securities and Exchanges Commission announced new regulations for the cryptocurrency industry that are expected to take effect later this month. The new regulations stipulate a defined number of market intermediaries who will receive trading licenses, with crypto exchanges and brokerage firms getting an equal number of spots. The commission also cleared 7 cryptocurrencies … Read more
The SEC is very concerned about the possibility of market manipulation in certain crypto trading venues, a senior regulator revealed in an interview with CNBC. Brett Redfearn, the Director of Division and Trading at the SEC, shared insights on the state of crypto industry regulation, ranging from the categorization of assets as commodities or securities, … Read more
We’re used to hearing about regulation by now. But most of the news that makes the headlines comes from the United States SEC and its latest statements or subpoenas. However, it seems that the United Kingdom is following suit. The country’s financial regulator and markets watchdog, the Financial Conduct Authority (FCA), says there are now 24 pending … Read more
Deceptive and misleading advertisements targeting Texans – including those which falsely assured them that investing in Bitcoin was risk-free – were among the offenses cited by the Texas State Securities Board in its emergency cease and desist order against a Bitcoin investment company. The company, Forex EA & Bitcoin Investment LLC, was also accused of failing to disclose … Read more
Iran, which was heavily affected by the sanctions imposed by the US on the country and its businesses in January, has banned the only alternative payment method that local businesses and individuals could use to bring money in and out of the nation. Why Did Iran Ban Cryptocurrency? On April 23, the central bank of Iran effectively … Read more
The Australian Securities and Investments Commission (ASIC) will update their guidelines to better reflect the evolving cryptocurrency industry, John Price, one of their commissioners, revealed in his speech at a fintech conference in Sydney on April 26. Price further cautioned any company planning to conduct an ICO against thinking of it as a way to avoid government … Read more
