In the follow-up to this initial paper, the Government indicated it plans to regulate several cryptocurrency dealings according to the same rules used for banks and financial services companies. UK Financial Services Minister, Andrew Griffith, said: I am very pleased to present these final proposals for cryptoasset regulation in the UK on behalf of the…
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The concerns over the cryptocurrency regulations are growing constantly. Countries around the world are not really sure how to classify cryptocurrencies, as money, as digital assets, as property rights or as a completely different category. The US Treasury Department of Foreign Assets Control or OFAC has prosecuted two Iranians for conducting a major cyberattack, now…
Read moreCryptoUK, the first self-regulatory trade association for the UK cryptocurrency industry, has announced that it has called on a group of influential MPs to support proposals to regulate the industry in the UK. CryptoUK, the self-regulatory body set up to represent the sector, has set out new plans for HM Treasury to make cryptocurrency investment…
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Mentioned in an article regarding the cryptocurrency market published recently on CBSNews.com MoneyWatch , a small bright spot for the cryptocurrency future, JPMorgan Chief Executive Jamie Dimon told Fox Business News he regretted calling bitcoin a "fraud" and threatening to fire employees who traded the digital money. Though Dimon described bitcoin's underlying blockchain technology as…
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