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Latest Regulation News at Crypto Frontline

    Australian ASX to Delay CHESS Replacement

Australian ASX to Delay CHESS Replacement

The Australian Securities Exchange (ASX) had planned a blockchain implementation for its current system from processing equity transactions, a.k.a. Clearing House Electronic Subregister System (CHESS), but the latest COVID-19 outbreak seems to have taken authorities by surprise. According to an announcement dated March 25th, 2020, the ASX is forced to

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    Riksbank To Host Digital Currency Innovation Hub?

Riksbank To Host Digital Currency Innovation Hub?

Sweden’s central bank had impressed in February, when it began testing a central bank digital currency (CBDC), in what would be a pilot program that will last until February 2021. It became the second country, after the Bahamas to start such an innovative project and now the institution wants to

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    Crypto Is Legitimate Investment According to an Australian Judge

Crypto Is Legitimate Investment According to an Australian Judge

Cryptocurrencies continue to be recognized as assets and another proof with that respect is related to a defamation case from New South Wales (NSW), Australia. According to the Australian Associated Press, Judge Judith Gibson recognized crypto assets as a “form of investment”, allowing them to be used as collateral. A

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    ICE Announces Crypto Intelligence Program for 2021

ICE Announces Crypto Intelligence Program for 2021

The US Immigration and Customs Enforcement (ICE) had made an important revelation in the 2021 budget proposal, where it states the existence of a Cryptocurrency Intelligence Program (CIP), aimed at identifying unlicensed capital flows. In the absence of cryptocurrency regulation, there is a growing concern and clear evidence that shadow

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    Telegram’s Regulatory Issues Show no End in Sight

Telegram’s Regulatory Issues Show no End in Sight

The legal battle between the United States’ Securities and Exchange Commission (SEC) and Telegram continues, but now it looks like the Commodity Futures Trading Commission (CFTC) is willing to enter the ring as well. At the present time, Telegram is the second-largest ICO, having raised more than $1.7 billion from

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    Rumors Related to a Japanese CBDC Start to Emerge

Rumors Related to a Japanese CBDC Start to Emerge

There seems to be a race for the first central bank digital currency (CBDC) led by China and Japan does not want to fall behind. Even though China had been trying to crack down on crypto speculation, more details on its classified digital yuan project had started to surface, according

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    UK’s FCA Authorizes Crypto Payments Institution

UK’s FCA Authorizes Crypto Payments Institution

On January 29th, BCB Group, a European crypto-focused payment processor for major crypto firms, had announced that it had secured a license from the United Kingdom’s Financial Conduct Authority (FCA). The firm’s core subsidiary BCB Payments is now an Authorized Payment Institution (API), and it’s regulated in both the UK

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    UK’s HMRC Takes Steps to Combat Crypto Tax Evasion

UK’s HMRC Takes Steps to Combat Crypto Tax Evasion

Her Majesty’s Revenue & Customs had posted an open contract worth 100,000 pounds on January 17th, inviting contractors to provide a tech tool that will help the British tax agency to combat cybercrime and tax evasion using cryptocurrencies. Back in November, the HMRC had updated the cryptocurrency taxation guidelines and

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    China Implements Cryptography Law – CBDC Ahead?

China Implements Cryptography Law – CBDC Ahead?

Rumors surrounding a central bank digital currency (CBDC) in China increased again, once China’s law for cryptographic password management came into power at the beginning of January 2020. Even though China issued warning on crypto speculation in Q4 2019, media outlets continue to spread the idea that the PBoC could

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    Libra Must Change to Get Regulatory Approval in Switzerland

Libra Must Change to Get Regulatory Approval in Switzerland

Based on the information available right now, Facebook’s Libra project should be launched in June 2020, but as David Marcus, the man in charge of the project, claimed, the date could be postponed until all regulatory hurdles will be settled. According to a recent Reuters report, it seems like the

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