G20 Agrees to Regulate Crypto, But is This Good or Bad for the Market?

The G20, an international forum for the governments and central bank governors from the world’s 20 largest economies, has decided to regulate the crypto sector. A declaration released by the forum read: “We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed.” What Impact Could it Have? Over-regulation restricts the growth of emerging asset classes and technologies by limiting the way companies ...

Read More

SEC’s Next Move: Social Media Influencers Who Promoted Crypto ICOs

The U.S. Securities and Exchange Commission (SEC) is actively cracking down on crypto initial coin offering (ICO) projects and a top official said earlier this year that dozens of cases are pending. The next wave of enforcement by the SEC, stimulated by its recent settlement with professional boxer Floyd Mayweather and music producer DJ Khaled, is expected to be on social media influencers who have promoted ICOs to the general public. When is ICO Promotion a ...

Read More

Bitcoin ETFs Roadblocked by Lack of Safeguards, SEC’s Chief Says

The head of the Securities and Exchange Commission said Tuesday that concern over a lack of investor protections makes it unlikely that his agency will approve a Bitcoin exchange-traded fund anytime soon. Chairman Jay Clayton said at a conference in New York that he remains worried that cryptocurrency can be too easily stolen or manipulated on exchanges. Those issues need to be addressed before the SEC lets an ETF move forward, ...

Read More

Singapore: Bill Tabled to Place Crypto Payment Services Under Central Bank Oversight

A new bill which will impact electronic wallets and digital payment tokens such as bitcoin has been tabled in Singapore’s parliament. The Payment Services Bill will place the providers of payment services that are not under the regulatory oversight of Money-Changing and Remittance Businesses Act and the Payment Systems Oversight Act under the umbrella of Singapore’s central bank, the Monetary Authority of Singapore(MAS). This has come about following the growing usage of cryptocurrencies and ...

Read More

Nasdaq to Launch Bitcoin Futures Market within the first quarter of 2019.

The world’s second largest stock exchange Nasdaq is planning to introduce a Bitcoin futures market within the first quarter of 2019. Sources told Bloomberg that Nasdaq has been cooperating with the Commodities and Futures Trading Commission (CFTC) to receive regulatory approval to operate as a compliant cryptocurrency futures market operator. The report read: “Nasdaq has been working to satisfy the concerns of the U.S.’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts, the people ...

Read More
Authorization
*
*
Registration
*
*
*
A password has not been entered
*
Password generation