Regulation

Huobi’s ‘Regulator-Friendly’ Blockchain Goes Open Source

Huobi Chain, the regulator-facing public blockchain of exchange Huobi Group, is now open source and publicly available to all developers on GitHub, the firm said Tuesday. Nervos, a blockchain development startup, is providing part of the technical infrastructure for the project. The firms are developing pluggable components for the network that could enable regulators to …

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Bittrex Will Release Frozen Crypto to Former Users in Sanctioned Regimes

Crypto exchange Bittrex is looking to return crypto holdings to customers in sanctioned nations. According to a letter posted on Twitter by ex-user Ziya Sadr, Bittrex is reaching out to former customers who reside in “a country or region” in which the exchange is legally unable to offer services due to the U.S. Treasury’s Office of …

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Her Majesty the Queen Rules Out Crypto as Currency

Only a few weeks after the United States Internal Revenue Service published new guidance for crypto taxation, the United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs, has updated its cryptocurrency taxation policy paper for businesses and individuals. The HMRC’s approach in this policy paper is, as expected, conservative, and it stands …

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FBI Says Bitcoin Concern Is Getting ‘Bigger and Bigger’

</header> <strong>In a recent U.S. Senate Committee on Homeland Security And Governmental Affairs hearing, Senator Mitt Romney expressed concerns about Bitcoin’s potential as a threat to national security. Federal Bureau of Investigation (FBI) Director Christopher Wray replied that cryptocurrency is a concern that’s “going to become a bigger and bigger one.” </strong> Also Read: Crypto …

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Russia Wants to Be Able to Seize Cybercriminals’ Bitcoin

Russian authorities are seeking legal means to confiscate virtual assets such as cryptocurrencies as they already can with more traditional forms of property. In an effort to fight cybercrime, the Ministry of Internal Affairs intends to develop legislation allowing law agencies to force criminals to hand over ill-gotten digital gains and wants proposals on the …

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Hong Kong Now Offers Opt-In Regulation to Crypto Exchanges

<header class=”article__header”> </header> <strong>Hong Kong’s Securities and Futures Commission has established a new regulatory framework that allows crypto exchanges to opt-in to be licensed and regulated. Starting Wednesday, centralized trading platforms can apply for a license, providing they meet certain requirements including adequate measures for the safe custody of assets, insurance, hot and cold wallets, …

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Finland Approves First 5 Crypto Service Providers

<header class=”article__header”> </header> <strong>Finland’s crypto regulation is now in full effect. The first five crypto service providers have been approved to legally operate in the country, the Finnish financial regulator confirmed to news.Bitcoin.com. The grace period for operating without registration has expired.</strong> Also read: Finland Begins Regulating Crypto Service Providers Only Five Registrants Finland’s Financial …

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Canadian Regulators Seize Crypto Exchange Reportedly Owing $16M to Clients

Regulators in the Canadian province of British Columbia have shut down the Vancouver-based Einstein cryptocurrency exchange. In a press release on Nov. 4, the British Columbia Securities Commission (BCSC) reported that it had taken action against the Einstein cryptocurrency exchange, which apparently owes more than $16 million to its customers, according to CBC news. Following …

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OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund

<header class=”article__header”> </header> <strong>A commissioner of the Ontario Securities Commission (OSC) has debunked the arguments against bitcoin used to deny the public offering of The Bitcoin Fund. Among others, the commissioner rules that bitcoin is neither illiquid nor more susceptible to manipulation than other commodities, real volume and real trading in bitcoin exist, and it …

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China tells online stores to stop selling e-cigarettes

Sponsored Links WANG ZHAO/AFP via Getty Images E-cigarette sales bans are quickly becoming an international phenomenon. China’s tobacco regulators have asked online shopping companies to “temporarily” close online stores that sell e-cigarettes — effectively, it’s banning e-cig sales on the internet. Officials argued in the notice that this was to protect the “physical and mental …

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