G20 Starts Crypto Discussions – A Look at Global Standards

G20 Starts Crypto Discussions - A Look at Global StandardsFinance ministers and central bank governors from the G20 countries have gathered this weekend for a two-day meeting ahead of the G20 summit, and cryptocurrency is among the topics of discussion. Global standard-setting bodies have submitted their policies and provided tools to help the member countries with the regulation of crypto assets in their own […]

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35 Countries Urged to Regulate Cryptocurrency Exchanges Like Commercial Banks

35 Countries Urged to Regulate Cryptocurrency Exchanges Like Commercial BanksThe Financial Action Task Force has finalized its requirements for the supervision and monitoring of cryptocurrency service providers. The inter-governmental body has reportedly urged all of its 35 member countries to regulate crypto exchanges in the same manner they regulate commercial banks. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Regulating […]

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Regulations Roundup: Investors Not Protected in China, Albania to Regulate

Regulations Roundup: Investors Not Protected in China, Albania to RegulateIn recent regulatory news, a court in China’s Futian District has ruled that cryptocurrency investments are not protected by law, Albania’s government has indicated that it intends to develop a regulatory framework for crypto, and the United States Securities and Exchange Commission has published a memorandum from a recent meeting pertaining to the proposed Vaneck […]

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Former Russian Economics Minister Sees Huge Potential for Cryptocurrency

Former Russian Economics Minister Sees "Huge" Potential for CryptoHerman Gref, the former Russian minister of economics and trade and the current CEO of Russia’s largest bank, Sberbank, recently articulated his expectation that cryptocurrency will have a profoundly transformative effect upon society in coming decades. Despite his longer-term outlook, Gref also expressed his belief that cryptocurrency and distributed ledger technology still needs up to […]

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Indian Central Bank Makes a Case Before Supreme Court Against Allowing Crypto Use

Indian Central Bank Makes a Case Before Supreme Court Against Allowing Crypto UseIndia’s central bank told the country’s supreme court on Friday that “allowing dealings in cryptocurrencies like bitcoin would encourage illegal transactions.” Other crypto petitions being heard include one asking the government to “take emergency steps to restrain the sale and purchase of illegal cryptocurrencies.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Argument […]

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India Divided on Whether to Ban Crypto Use

India Divided on Whether to Ban Crypto UseAs India works on the bill to regulate cryptocurrencies, each government department has its own opinion on whether to ban the use of crypto, including bitcoin. The Finance Ministry, the Reserve Bank of India (RBI), the Income Tax Department, and the Special Investigation Team have voiced their opinions on the upcoming bill. Also read: Russian Regulators […]

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Thailand Dodges Extreme Cryptocurrency Regulations

Thailand Dodges Extreme Cryptocurrency RegulationsThe Thai Deputy Prime Minister has mandated that the law on cryptocurrencies and initial coin offerings be finalized within a month. The regulators have met and agreed that there is no need to invoke the country’s controversial Section 44 law but to introduce a “special law” for them instead. Also read: Japan’s DMM Bitcoin Exchange Opens […]

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Sneak Peek: Mexico’s Regulations for Crypto Exchanges Expected in ‘Weeks’

Sneak Peek: Mexico's Regulations for Crypto Exchanges Expected in 'Weeks'Mexico’s bill to regulate fintech institutions including cryptocurrency exchanges is expected to become law within “weeks,” according to local crypto exchange ISBIT. Daniel Luévano, the exchange’s director of operations, shared with news.Bitcoin.com what to expect from the new law, citing a leaked document he obtained from the recent meeting of regulators. Also read: Indians Look to […]

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