On April 10th, the United States’ House of Representatives Financial Services Committee held a hearing called “Holding Megabanks Accountable: A Review of Global Systemically Important Banks 10 years after the Financial Crisis”, where top CEOs of major banks on Wall Street had to face questions even from some unfriendly
Latest Regulation News at Crypto Frontline
A recent Deconomy Conference that took place in Seoul, South Korea, revealed a few important things about the future of cryptocurrency regulation in the country. Although some of the biggest exchanges in the world are from South Korea, the government had not been very keen on the idea of
The State Bank of Pakistan had published a framework on April 1st, one that will determine new requirements for the Electronic Money Institutions (EIMs). The new set of rules comes as a result of the recommendations released by the Financial Action Task Force. Licensing for crypto? As coindesk.com stated
On March 27th, the Technology Advisory Committee of the US Commodity Futures Trading Commission (CFTC), one of the two main financial regulators in the country, had put into the discussion once again the issue of regulation for cryptocurrencies and adoption of distributed ledger technology (widely known as the blockchain
The standoff between the cryptocurrency community in India (exchange operators, blockchain-based companies) and public institutions continues since the ban instilled by the RBI (Reserve Bank of India) is still in place. Back in November, we’ve talked about the Indian Supreme Court issuing an order which asked the government to
The South African Reserve Bank ended a consultation paper for cryptocurrency policy proposals on February 15th and several measures for crypto-related transactions are due to be implemented by the end of the first quarter of 2019. Thus far, the central bank showed a friendly approach to cryptocurrencies, which raises
The largest Canadian cryptocurrency exchange QuadrigaCX continues to be one of the hottest subjects this month, following the sudden death of the company’s CEO Gerald Cotton, which was the only person who had access to cold wallets and thus a big portion of the clients’ funds. Fortunately for the
Asian countries are trying to keep up with the western world as we see deep work into the area of cryptocurrency regulation. Recently, The Philippines had announced new regulation for digital assets, in a move with the main purpose of protecting investors and promoting innovation. CEZA sets up DATO
The Financial Conduct Authority (FCA), the main financial watchdog in the United Kingdom, started last year a series of moves that would eventually provide a regulatory framework for digital assets. Although cryptocurrencies started this weak on a downward beat, the UK had proved to be blockchain-friendly, since we saw
On January 7th, two New Hampshire lawmakers, Dennis Acton and Michael Yakubovich, came out with a very interesting proposal, which if approved will allow people to pay taxes and fees in cryptocurrencies. This is not the first inclusive proposal for cryptocurrencies, as we’ve seen recently another bill which excludes
