Category : Regulations

PayPal: ‘A Lot of Work’ Still Needs to Happen for Libra to Become Real

PayPal reportedly cautious about the fate of Facebook’s planned stablecoin Libra

EU Needs Own Digital ‘EuroCoin’ to Compete With Libra, Says France

“EuroCoin”? France’s finance minister thinks Europe needs its own public digital currency to challenge Facebook’s Libra stablecoin

Facebook requests Swiss FINMA license regulatory pushback

The Libra Association announced that it will pursue a payment system license under the Swiss Financial Market Supervisory Authority’s (FINMA) supervision. The group, which oversees Facebook’s controversial cryptocurrency, chose Switzerlan...

GXChain halts operations after Chinese police raid headquarters

GXChain, one of the most highly rated blockchain projects in China, was recently raided by Chinese authorities. The price of the project’s native token GXC plummeted in response to the news. Police crack down on GXChain On Sept. 11, the Gushu Police...

BNY Mellon to Act as Transfer Agent for Bitwise’s Proposed Bitcoin ETF

Bitwise has chosen BNY Mellon to be the transfer agent for its Bitcoin ETF, while Foreside Fund Services will be the marketing agent and Cohen & Company will act as auditor

Blockstack raises $23 million in first SEC-approved token offerings

Blockstack PBC, a decentralized computing network, announced that it has raised $23 million in two of the first token offerings approved by the SEC. SEC-regulated token offering In July, Blockstack made headlines by becoming the first company in hist...

SEC remains skeptical of Bitcoin ETFs, VanEck-SolidX BTC trust met with disinterest

SEC chairman Jay Clayton remains cautious about approving a Bitcoin exchange-traded fund. VanEck SolidX’s recently launched “limited” BTC ETF has, thus far, had abysmal uptake. “Work left to be done” The industry is making a lot of progress toward a...

Report: Libra Stablecoin Tied to Major Currencies, Maybe Not Yuan

Facebook has reportedly provided the U.S. Senate with details regarding the backing reserves for its Libra stablecoin

Report: Libra Stablecoin Tied to Major Fiat Currencies, Excluding Yuan

Facebook has reportedly provided the U.S. Senate with details regarding the backing reserves for its Libra stablecoin

Tether’s new yuan-based stablecoin is the newest addition in circumventing regulations

Tether announced a new offshore Chinese-yuan backed stablecoin, CNHT. The cryptocurrency is the newest addition to the firm’s suite of regulation-skirting coins. Primer on China’s currency controls As part of China’s monetary strategy to peg the yuan...

Andreessen Horowitz lobbying financial watchdogs to loosen crypto regulations

Andreessen Horowitz, a venture capital company focused on crypto innovation, brought several Washington regulators together to promote crypto adoption and discuss regulation. The May event includes representatives from the U.S. Treasury, SEC, and CFT...

VanEck and SolidX bypass SEC by offering Bitcoin ETFs to accredited investors

Two investment companies whose Bitcoin ETF proposals have been delayed by the SEC have found a way around the tight regulations. In a joint statement, VanEck Securities Corp. and SolidX Management said they planned on launching a “limited versi...

Ethereum deemed halal by Muslim scholars, may stimulate ETH demand

Prominent Muslim scholars and financial advisors released a white paper declaring Ethereum “halal,” or permissible, according to Islamic Sharia law. The clarity for Muslim purchasers may stimulate additional demand for Ether. Ethereum’s compliance wi...

Facebook Hires Lobbying Firm to Ease Regulatory Pressure on Libra

Facebook is working with a Washington-based lobbying firm to wrestle with the regulatory pushback sparked by its planned in-app global cryptocurrency

Swiss Regulator Releases AML, KYC Guidance for Blockchain Payments

Switzerland’s financial regulator has released guidance on regulatory requirements for payments on the blockchain