Stablecoin Adoption Can Impact Economy, Warn Senior US Regulators
Senior U.S. financial regulators warn that stablecoins pose risks to the economy in an annual report from the Financial Stability Oversight Council Go to Source Powered by WPeMatico
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Crypto Startups to Get up to $75,000 From the Government of Ukraine
Ukrainian crypto companies can now receive up to $75,000 each in the form of government sponsored grants. A special fund set up by the authorities in Kiev is already accepting applications from startups in various high tech sectors including the blockchain industry. Over $1.5 million will be distributed by the end of the year. Also … Read more
$4 Billion US Fintech Startup Sofi Receives New York Bitlicense
Sofi is a startup valued at over $4 billion which is focusing on providing millennials with student loan refinancing, personal loans, mortgages, and other wealth management and financial services. In September it has added crypto trading to its investing platform as a response to demand from its over 800,000 members, a service it can now … Read more
Japan Now Has 21 Approved Crypto Exchanges
Japan’s top financial regulator has approved the remaining crypto exchange that was in business prior to the regulation of the crypto industry. Exchanges in this category were allowed to continue operations while their registration applications were being reviewed. The regulator has so far approved a total of 21 crypto exchanges to operate in the country. … Read more
Regulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia
Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry. We also cover crypto news involving the governments of China, Japan, and the … Read more
Canadian Regulator Green-Lights Bitcoin Fund IPO
The Bitcoin Fund’s initial public offering (IPO) filing has been accepted by Canada’s Ontario Securities Commission. Despite previously rejecting it, the Canadian regulator finally accepted the fund’s IPO prospectus after a public hearing and a favorable ruling. Also read: Bitcoin ATMs Installed at 5 Major Malls in the US The Bitcoin Fund IPO Crypto-focused Canadian … Read more
European AML Regulations Follow the US Path With a Six-Years’ Delay
The EU’s AML legislation is following the U.S.’s path but with significant delays for the emerging tech industry Go to Source Powered by WPeMatico
China: 5 Crypto Exchanges Halt or Shut Services Amid Perceived Crackdown
At least five Chinese cryptocurrency exchanges have chosen to suspend or end services in line with Beijing’s purportedly toughened stance Go to Source Powered by WPeMatico
Russia Reportedly Considers Ban on Using Crypto as Means of Payment
Sources have claimed Russia is considering the introduction of a ban on the use of crypto to pay for goods and services Go to Source Powered by WPeMatico
IRS Not Infringing Privacy Requesting Crypto Exchange Data: US Judge
A California federal court finds that U.S. tax authorities have broadly stayed within their legitimate remit when collecting user data from crypto exchanges Go to Source Powered by WPeMatico