After the launch of Bitlicense, New York power authority wants to tax bitcoin mining activities which can increase the utility bills of residents while not bringing enough economic value in return.
The Securities and Investment Subcommittee met to discuss possible ways to tackle ICO-connected issues, while some just snatched an opportunity to castigate digital currency as a phenomenon.
Lagarde said that the same blockchain technology which underpins cryptocurrencies can be used to regulate cryptocurrencies and also track whether they are being used for any illicit activities.
The Financial Service Agency has cracked the whip on seven exchanges for failing to comply with anti-money laundering and security procedures.
Following a recent hack resulted into $533 million-worth theft of the NEM token from Coincheck, a group of 16 registered Japanese cryptocurrency exchanges joins forces to establish a self-regulatory body in April.
CFTC though has mentioned that staff members won’t be allowed in any decision-making process involving cryptocurrencies to avoid conflict of interest.
Major hack in Japan has become a reason of considering a necessity to create a new entity that will regulate the cryptocurrency industry in the country.
While the world is discussing bans on crypto activity in some countries, Arizona is going to become a place for blockchain and crypto technologies.
During the Yahoo Finance All-Markets Summit that took place on Feb. 7 in New York City, a top U.S. financial regulator had stuck an upbeat tune about the practice of formal self-regulation within robust cryptocurrency ecosystem.
The heads of both the institutions sounded much positive on the Blockchain technology and talked about the need of regulatory approach while dealing with cryptos.
China’s Central bank officially sets upon regulation of all crypto-related activities and businesses introducing new frameworks aimed to crack down on all aspects and services of Bitcoin trading in both Mainland China and Hong Kong.
While U.S. and European banks ban buying bitcoin with credit cards, Australia’s biggest banks have confirmed that they are not barring customers from purchasing cryptocurrencies.