Category: Regulation

Bankenverband,cryptocurrency,digital currency
November 15, 2019 BY Mariela Naydenova

Iran offers bounties to anyone who exposes illegal crypto mining operations

Countries are finding different ways to fight illegal cryptocurrency mining activities. One of the more interesting approaches comes from Iran, which has started offering bounties to people who expose illegal crypto mining operations. The announcement came after new regulations were set in motion for the cryptocurrency industry. The news comes from local agency IRIB News.…

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BCSC warning
November 14, 2019 BY Valentina Kirilova

Canadian regulator BCSC warns against Edu-Pension.com website

Canadian regulator BCSC has recently issued a warning against the company Edu-Pension and its website http://www.edu-pension.com. According to the watch dog, the company claims to be based in Toronto, Ontario, and offers forex and cryptocurrency trading. BCSC, however, recently became aware that Edu-Pension accepted funds from a British Columbia (BC) resident. The company is not…

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Torstone Technology expands its London headquarters
October 24, 2019 BY Mariela Naydenova

FCA to decide the fate of crypto derivatives in the UK

The FCA in the UK is to decide whether to ban crypto derivatives for retail investors or not. The UK government has come to the conclusion that it is time for the regulator to decide the fate of the crypto product. According to press, on the 21st of October, the Economic Secretary to the Treasury,…

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Facebook
October 22, 2019 BY Mariela Naydenova

Libra to peg cryptocurrencies to national currencies?

Libra, having faced extreme scrutiny from regulators, has reportedly decided to turn its sight to a more regulatory-friendly zone: national currencies. Reuters reported on Sunday that Facebook is currently considering pegging the Libra cryptocurrencies to national ones. One option is the dollar. The main goal of Facebook is to develop a more efficient payments system.…

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October 10, 2019 BY Valentina Kirilova

Updated: The SEC rejects the Bitwise Bitcoin ETF proposal

Late evening shocker on the financial airways – The SEC rejects the Bitwise Bitcoin ETF proposal, well before Monday’s deadline decision date. Reporters on the late shift suddenly went into high gear, filling nearly every news channel with the shocking news. Matt Hougan, Bitwise's Head of Research, had just told everyone that, “We're closer than…

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October 10, 2019 BY Valentina Kirilova

SEC rejects the Bitwise BTC ETF proposal before the mandated deadline

SEC, in surprise move, rejects the Bitwise BTC ETF proposal before the mandated deadline. According to Cointelegraph and Coinbase, the SEC hurriedly put out a press release after hours on Wednesday to announce its negative decision. The regulator cited that the Bitwise proposal was not “designed to prevent fraudulent and manipulative acts and practices”. The…

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