New York Regulator Issues BitLicense to NYDIG For Custody and Trading

New York State Department of Financial Services (NYDFS) has approved cryptocurrency-related company NYDIG’s application for a digital currency license and a money transmission license. Bitcoin Custody Approved in New York State The NYDFS has formally authorized cryptocurrency-related company NYDIG to offer secure custody as well as trade execution services for several virtual currencies including Bitcoin…

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Vietnam at Crossroads on Cryptocurrency Regulations

Vietnamese authorities are still considering their approach to regulating the cryptocurrency space. The Ministry of Justice has put forward several alternative solutions and the Ministry of Industry and Trade has expressed its opposition to the ban on imports of mining equipment. Also read: Uzbekistan Sets up International Arbitration Center for Crypto Businesses Justice Ministry Reports…

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DESICO Launches Its Public Offering in Compliance With EU Regulation

DESICO, a startup that is developing a security token infrastructure, started public offering on November 7, 2018, during which investors will be able to purchase DESI tokens which entitle token holders to platform’s revenue. The company relies on the fundraising model given that DESI Tokens represent safer and more valuable instruments compared to ICO-based utility…

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Circle CEO: Global Cryptocurrency Regulation Needed for Industry to Advance

Jeremy Allaire, the CEO of the Goldman Sachs-backed cryptocurrency startup, Circle, spoke about the importance of global cryptocurrency industry regulations during a recent interview in London. This sentiment has been echoed by many industry experts and leaders, who all believe that global regulation will be the next evolutionary step for the cryptocurrency markets. Allaire spoke…

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SEC Launches FinHub to Engage with ICO and Other FinTech Startups

In a welcome development for blockchain and cryptocurrency firms, the U.S. securities regulator has launched its Strategic Hub for Innovation and Financial Technology (FinHub). SEC Announces FinHub The U.S. Securities and Exchange Commission (SEC) has announced the launch of FinHub, its Strategic Hub for Innovation and Financial Technology. The announcement was made earlier through a…

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Zebpay Leaves India for Malta Due to Constricting Regulation

One of India’s largest cryptocurrency exchanges, Zebpay, is moving its operations to the Mediterranean island nation of Malta in an effort to maintain its operations after shutting shop last month. The move comes amidst an unprecedented cryptocurrency ban instituted by the Indian government. The new Malta-based exchange, which will still be called Zebpay, will offer…

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On the Precipice: Which ICO Funds Will Survive?

For many analysts within the blockchain and cryptocurrency space, the era of retail investing in ICOs is over. The mom-and-pop coin buyers who helped drive the ICO boom from 0 to 100 last year aren’t just voluntarily leaving the space–they’re being locked out of it. Institutional investors have virtually taken over the ICO arena. As…

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ICO Funding Levels Collapse, Investors Blame Dry Spell On Crypto Regulation

As 2017’s crypto bull market swung around, blockchain projects began to search for alternative modes of funding to capitalize on the influx and widespread arrival of interest, press, and free-flowing capital. For many blockchain- crypto-focused startups, venture capitalists weren’t an option, as these mediums of funding were often exclusive to only the crème de la crème, to…

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India: Crypto Ban Sees First Casualties as ZebPay Closes Doors

ZebPay officially announced that it was forced to stop activity due to legal and regulatory obstacles.  ‘Curb on Bank Accounts … Crippled Our Ability’” Indian exchange Zebpay’s announcement came via Medium less than a month after they informed customers they will halt fiat transactions. On September 4th, the exchange’s blog relayed that the company will refund users the…

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Crypto figures meets US Congress for regulation clarity on ICO and cryptocurrencies

Over 50 representatives from the crypto, Wall Street and venture capital firms traveled to Washington DC on Tuesday with a clear message for the US Congress: regulate or watch the innovation leave the country. The US Will Be Left Behind The message came clear during the “Legislating Certainty for Cryptocurrencies” event hosted by Rep. Warren…

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Switzerland Fights to Keep its Crypto Companies

More than 500 blockchain and cryptocurrency startups have found a home in Switzerland. The country hopes to become the ultimate blockchain capital of the world. The country has introduced a new plan to strengthen the previously edgy relationship between cryptocurrency startups and Swiss banks. New Guidelines for Banks Who Want to Befriend Cryptocurrencies According to…

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How the European GDPR Affects In-App Advertising

The European General Data Protection Regulation (GDPR) came into force during May of this year, introducing sweeping changes to the way that companies and websites interact with their customers and users. Among other requirements, the regulation puts the onus on website owners to ensure they have the explicit consent of a user for the use…

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Brazil Investigates Major Banks For Restricting Cryptocurrency Brokers

A watchdog agency is looking into six banks after the Brazilian Association for Cryptocurrency and Blockchain filed a complaint. Brazil’s Administrative Council for Economic Defence (CADE) has opened an investigation into several of the country’s largest banks over monopolistic practices that may restrict the operation of local cryptocurrency brokers. According to Reuters reports, CADE opened…

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The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub

Following a decision to recognize mining as an industry, the Islamic Republic of Iran is about to legalize the import of mining equipment. Also in The Daily, an executive at a leading Spanish bank insists cryptocurrencies are “perfect” and must be understood; trying to better understand the crypto space, Cyprus has set up a fintech…

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United Arab Emirates Considers ICO Regulation and the Nature of a Token

The UAE government has taken a significant step in understanding the general principles on which the fintech is based. Last Sunday, the UAE Securities and Commodities Authority (SCA) officially agreed to regulate ICOs and recognize tokens as securities for the welfare of the nation. “The committee has decided to approve the plan to regulate Initial…

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BitGo Receives Regulatory Approval to Custody Crypto Assets

Crypto security startup BitGo has received approval in the U.S. to act as a qualified custodian for digital assets. The company, which has spent most of 2018 attempting to launch a regulated custodian entity, announced that the BitGo Trust had been approved by the South Dakota Division of Banking on Thursday, meaning it can now offer…

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EU Lawmaker Wants Standard Regulations to Allow 'Passport' for ICOs

A European lawmaker believes that new regulations for initial coin offerings (ICOs) are the key to making them more “accessible” within the European Union. Ashley Fox, a Member of the European Parliament (MEP), held a meeting on Tuesday to discuss proposed regulations that would set in place new rules for ICOs and, more specifically, the people…

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Thailand Envisages Own Crypto Wallet in Battle Against Cybercrime

Having a place to hold confiscated crypto funds will reportedly help Thailand tackle criminal activity that involves digital coins. In a bid to better handle crypto-related scams, Thailand’s money laundering regulator is reckoning with having its own digital wallet to store seized cryptocurrencies, local daily The Nation reported on Monday. The legislation currently in effect…

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Philippines: Regulator Expects Draft Cryptocurrency Exchange Laws Within 2 Weeks

Filipino cryptocurrency exchanges could see draft rules outlining their treatment as trading platforms as soon as next week, the country’s financial regulator told local media last week. ‘Regulate Them As Trading Platforms’ As The Manila Times reports September 3, the Philippines’ Securities and Exchange Commission (SEC) plans to release “draft rules” governing exchanges, which currently…

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Russian Financial Monitoring System Seeking Tool to Track Crypto Transactions

The Russian Federal Financial Monitoring Service has ordered an analytical tool to track crypto transactions, especially those in Bitcoin (BTC), BBC News Russia reported Wednesday, August 29. By the end of 2018, the new application will be included in a condensed monitoring system for the organization, whose main alleged aim is to confront fraud schemes…

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