LocalBitcoins Intends to Fully Comply with the Upcoming Anti-Money Laundering Regulations

LocalBitcoins Intends to Fully Comply with the Upcoming Anti-Money Laundering Regulations

Peer-to-peer cryptocurrency exchange and crypto ATM manufacturer LocalBitcoins recently issued a statement about anti-money laundering laws and compliance with the 5th AML directive of the European Union. The firm said in their statement that they want to work on compliance while building trust in the crypto market space. From the beginning, trust and confidence in the cryptocurrencies have been hindered by their attachment to criminal enterprises and money laundering operations through digital currencies. Considering the…

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SEC’s “Crypto Mom” Peirce: Tokens Fall Outside the Definition of Securities

SEC’s “Crypto Mom” Peirce: Tokens Fall Outside the Definition of Securities

The CryptoMom is back. The famed SEC commissioner gave a speech at the University of Missouri School of Law on February 8, and shared her thoughts on the blockchain and cryptocurrency space. “We, along with other regulators, are asking how existing rules apply in this space and whether a new regulatory framework would work better. If we act appropriately, we can enable innovation on this new frontier to proceed without compromising the objectives of our…

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SEC Commissioner Jackson Optimistic About Proposed Bitcoin ETF

SEC Commissioner Jackson Optimistic About Proposed Bitcoin ETF

A long interview between SEC Commissioner Robert J Jackson Jr and Congressional Quarterly (QC) is set to be published on February 11; however, the draft copies of the interview have already been circulated on social media. The leaked paper proposes that ‘Bitcoin ETF will eventually be approved”. Cryptocurrency investors have long sought a US-based fully regulated Bitcoin exchange-traded fund (ETF); however, the Securities and Exchange Commission (SEC) has repeatedly delayed the decision due to concerns over the crypto…

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Eurasian Economic Commission Considers Regulations on Cryptocurrencies

Eurasian Economic Commission Considers Regulations on Cryptocurrencies

All the major players in the crypto market are in a hurry to introduce the regulations and laws that will help bring the vast market to the mainstream. Countries like China, US, UK, France, Korea, Japan, Thailand, and India are constantly working to find the correct mix of oversight and freedom (to different degrees, of course) to allow cryptocurrencies and other DLT’s to progress in their relevant demographics. In another example, the Eurasian Economic Commission,…

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Kik Gears Up for a Legal Battle with the SEC over its 2017 ICO

Kik Gears Up for a Legal Battle with the SEC over its 2017 ICO

Kik Interactive, a Canadian messaging app company is getting ready for the legal battle with the SEC by bringing the Washington D.C. regulatory giant to court over a potential enforcement action against 2017 KIN token offering. Ted Livingston, CEO of Kik Interactive announced that the company would be launching a cryptocurrency, Kin, in September 2017 in a token distribution event (TDE) or ICO with an aim to raise $125 million. Kik raised nearly $100 million…

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New Hampshire Takes a Legislative Step to Accept Cryptocurrencies as Payment for Taxes and Fees

New Hampshire Takes a Legislative Step to Accept Cryptocurrencies as Payment for Taxes and Fees

The local governments of various states including New York, Delaware, Illinois, Arizona, Vermont, California, Ohio, Colorado, and Wyoming have already forged their own paths by passing the bills that support the advancements and legitimization of cryptocurrencies and blockchain in various domains of businesses, governance, and lifestyle. Lawmakers in the state of New Hampshire have also decided to join the crypto bandwagon by introducing a plan/NH HOUSE BILL 470-FN that allows the state to accept cryptocurrencies…

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Nasdaq CEO: Cryptocurrency “Deserves an Opportunity to Find a Sustainable Future in our Economy”

Nasdaq CEO: Cryptocurrency “Deserves an Opportunity to Find a Sustainable Future in our Economy”

If there’s one traditional “old-fashioned” (relatively speaking) financial institution that is also pro-crypto, then it is probably the second-largest stock exchange globally by market capitalization, the Nasdaq. After in December 2019 it was confirmed that the Nasdaq will list Bitcoin futures in 2019, now the Nasdaq CEO has made several fascinating mostly pro-crypto remarks. Adena Friedman, President and CEO of Nasdaq, published a LinkedIn article entitled “New chapters in innovation and disruption will be written…

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The State of Wyoming Tries to Classify Cryptocurrency as Money with New Legislation

The State of Wyoming Tries to Classify Cryptocurrency as Money with New Legislation

In June 2015, New York became the first state in the U.S. to regulate virtual currency companies through state agency rule-making instead of Federal agencies as the U.S. government has not exercised its constitutional preemptive power to regulate blockchain. Following the footsteps of the New York, seven more states (Arizona, Illinois, Delaware, Vermont, California, Ohio, and Colorado) have passed the bills promoting and accepting blockchain and cryptocurrencies. On Jan. 7, 2019, in the state Capitol…

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Former US Congressman: Washington Regulators Thwart Crypto Innovation

Former US Congressman: Washington Regulators Thwart Crypto Innovation

The US market and authorities continue to be undecided regarding their support for cryptocurrencies, mainly due to the lack of their ability to predict or control crypto assets. This is not true from other major players in the international market; China, for instance, is a placing itself to be a big player in the crypto market, primarily blockchain. Concerns are being raised about China’s involvement in the crypto world due to the Chinese government’s obsessive…

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Russian Statesman: Crypto-Rubel May Emerge in Two-Three Years

Russian Statesman: Crypto-Rubel May Emerge in Two-Three Years

One prominent member of the Gosduma, the lower house of the Federal Assembly of Russia (or simply the State Duma), has recently predicted the arrival of a crypto-Rubel. The chairman of the State Duma committee of Financial market, Anatoly Aksakov, shared his opinion on the launch of a crypto-Rubel while discussing the plans of the committee with RIA Novosti – a state-operated domestic Russian-language news agency. He further stated that the crypto-Rubel may appear in…

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