Regulation

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China Never Banned Bitcoin as Commodity, Beijing Arbitration Commission Explains

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The Beijing Arbitration Commission has published an article clarifying that bitcoin’s use as a commodity has never been banned in China. It explains that the Chinese authorities’ attitude toward controlling bitcoin revolves around three areas. China Recognizes Bitcoin as Commodity The Beijing Arbitration Commission published an article on the legal nature of bitcoin in China … Read more

Putin Signs Law Giving Cryptocurrency Legal Status in Russia

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Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian Crypto Bill Signed Into Law Russian President Vladimir Putin signed into law Friday the bill that regulates digital financial asset (DFA) transactions, Russian … Read more

US Court Dismisses Claims Against XRP: Report Shows Ripple Paid Moneygram $15.1M in Q2

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The Northern California District Court finds that claims against Ripple Labs and its token made by two investors cannot be proven. The legal dispute, which began in May 2018, pitted Ripple Labs including CEO Brad Garlinghouse and disgruntled investors. According to a report, the discontented investors wanted the court to determine whether the “native token … Read more

US Regulator Zeroes in on Binance Chain as SEC Awards Monitoring Contract to Ciphertrace

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The U.S. Securities and Exchange Commission (SEC) intends to award a fixed-price contract on a single source basis to Ciphertrace. The SEC is awarding the contract to the blockchain monitoring company as it plans focus on BNB coin, as well as other tokens on the Binance’s DEX. The BNB token has multiple forms of utility … Read more

Indian Government Confirms Crypto Bill Is ‘Awaiting Approval’

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The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries. Indian Government’s Confirmation The government of India has been sitting on a cryptocurrency draft bill since it was submitted to the finance … Read more