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Regulations

G20 Policymakers to Discuss Regulations Proposed by Crypto Industry

<header class=”article__header”> </header> <strong>As world leaders start arriving for the G20 summit in Osaka, Japan, policymakers and crypto industry representatives are convening at another summit to discuss the implications of proposed global standards for crypto assets and service providers, as well as solutions that will minimize unintended consequences of implementing these standards.</strong> Also read: FATF …

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Republic of Abkhazia Develops Law Draft on Crypto Mining

The Ministry of Economy of the Republic of Abkhazia has developed a law draft on the settlement of cryptocurrency mining activities in the country, local news outlet Sputnik Abkhazia reported on June 24. The press service of the Ministry told Sputnik that the drafted bill was approved and sent to the Cabinet of Ministers of …

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BCH Can Be the Global Coin for Daily Spending, Says Italian Crypto Executive

</header> <strong>Italy has had its share of economic problems in the past decade and a growing number of its citizens blame the euro for their country’s misfortunes. Italians, many of whom still prefer to use cash, are now turning their attention to cryptocurrencies such as <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a>. Federico Pecoraro, the CEO …

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Consumer Affairs Report Shows 70% Spike in Japanese Crypto Inquiries

<header class=”article__header”> </header> <strong>Japan’s Consumer Affairs Agency (CAA) has released its 2019 report and noted a significant spike in inquiries concerning cryptocurrency related issues last year. The report details a 70% increase in 2018 in regard to consumer queries largely stemming from exchange issues. Moreover, over the last two quarters of 2019, the Japanese yen …

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VPN Providers Defy Order to Connect to Russia’s Internet Censor

</header> <strong>Russian regulators have once again moved to expand oversight of the online space in an attempt to ensure compliance with various restrictions Moscow is trying to impose. But as in other cases, their efforts have been met with resistance. Over a dozen VPN platforms, popular among crypto enthusiasts and other privacy-conscious users, have refused …

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Lawmakers call for regulation of facial recognition tech

Sponsored Links ASSOCIATED PRESS A bipartisan group of lawmakers is calling for regulations to restrict the use of facial recognition technology before “it gets out of control,” according to the Washington Post. Members of the Congressional House Oversight and Reform Committee held a hearing on the topic today, during which legislators from across the political …

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Russia Prepares to Test Cryptocurrencies in Four of Its Regions

</header> <strong>The Russian Federation, which is yet to regulate digital assets, is now planning to allow four of its regions to test innovations that are not covered by its current legislation. A bill drafted by the Economy ministry envisages the establishment of regulatory sandboxes there. The special economic zones will allow companies, entrepreneurs and authorities …

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CFTC Chair Giancarlo Hints at What’s Holding Back Bakkt’s Bitcoin Futures

The Takeaway Bakkt, the proposed bitcoin futures exchange, remains in regulatory limbo CFTC Chairman Christopher Giancarlo wouldn’t discuss specific proposals, but his general comments about crypto regulation offer hints at the reasons Bakkt is languishing Part of the problem appears to be the firm’s plan to custody its own bitcoin, and clear trades through its …

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Will Belarus Be the First Country With Nuclear-Powered Bitcoin Mining?

</header> <strong>Cryptocurrency mining has lost some of its profitability during the prolonged bear market of the past year. However, not all investors are short-sighted. Belarus, for example, is</strong><strong> not giving up on its intentions to develop the digital economy, of which the crypto space is a part of. Minsk thinks it has enough resources and …

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