Category: Regulation

Peer-to-Peer Bitcoin Exchange LocalBitcoins Halts Services in Iran

LocalBitcoins, a Helsinki-based peer-to-peer cryptocurrency exchanges, has recently stopped offering its services in Iran, presumably over U.S.-led sanctions that pressured other exchanges into withdrawing their services from the country. According to CoinDesk, various LocalBitcoins users started noticing they were having problems posting new trades and updating previous ones, before the […]

Russian Official Says Bitcoin (BTC) and Crypto Could Destroy $1.52 Trillion Economy

  Nikolay Arefyev, Russia’s Deputy Chairman of the Committee on Economic Policy, Innovative Development, and Entrepreneurship, is warning that Bitcoin and crypto are on a trajectory to destroy Russia by allowing enterprises to offshore their funds and drain major amounts of capital from the country, reports Russian news outlet Rambler. […]

Montana Passes Bill to Exempt Utility Tokens From Securities Laws

“Big Sky Country” has gone crypto friendly, with new legislation addressing the use of utility tokens. The governor of the U.S. state of Montana, Steve Bullock, signed House Bill 584 into law earlier this month, recognizing utility tokens and exempting them from being considered as securities under local rules, with caveats. […]

Netherlands-based Rabobank Steps Away from its Crypto Wallet Program

Dutch bank Rabobank that announced its plan to create a cryptocurrency wallet Rabobit in March last year is now stepping away from its plan due to the hindrance faced by the uncertain crypto regulations in the Netherlands. This according to The Next Web, May 23, 2019. Not the Right Time […]

Grayscale Gets FINRA Approval to Offer Ethereum Trust to Individual Investors

Photo: Grayscale Investments / Facebook American digital asset manager Grayscale Investments has disclosed that it managed to gain regulatory approval from the Financial Industry Regulatory Authority (FINRA) to open its Ethereum Trust for the over-the-counter (OTC) markets under the trading symbol ETHE for retail investors. ETHE, that was launched and funded […]

Crypto Exchanges in the Hot Seat as Japanese Regulators Increase Oversight

The Financial Services Agency (FSA), which doubles as both Japan’s crypto and financial regulatory watchdog, has ordered all bitcoin trading venues and digital assets exchanges in the region to strengthen their know-your-customer (KYC) and anti-money-laundering (AML) measures, as part of preparation for the upcoming G-7 summit and FATF inspection, reports […]

Security Token Platform iSTOX Admitted to Central Bank Sandbox

iSTOX, a Singapore Exchange-backed security token platform, has been admitted into a fintech regulatory sandbox set up by the Monetary Authority of Singapore (MAS), the country’s de facto central bank. Operating within the sandbox since the start of this month, iSTOX is now onboarding its first batch of issuers and […]