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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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
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
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
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
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
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
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
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
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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