Blog Archives

Bank of England Governor To G20: No Need For Cryptocurrency Regulation

Posted on 19th March, 2018

In his official report to the G20 summit of Finance Ministers and Central Bank Governors, Financial Stability Board (FSB) Chair Mark Carney told regulators that there was no need for global regulation of “crypto-assets.” Carney, who also serves as the Governor of the Bank of England, said that the rapid growth of crypto-assets prompted the […]

California And Wyoming Consider New Blockchain And Crypto Token Laws

Posted on 20th February, 2018

As blockchain technology becomes increasingly commonplace, lawmakers at the state level are increasingly examining how their governments should regulate distributed ledger and token-based business activity. Two recently proposed state laws — one in California, and the other in Wyoming — would provide much-needed legal clarity and protections for blockchain-based operations in the U.S., perhaps even […]

Philippines Announces ICO Regulatory Framework

Posted on 29th January, 2018

Representatives of the Philippines’ Securities and Exchange Commission confirmed yesterday that the agency was moving swiftly towards the completion of a new regulatory framework for cryptocurrency trading and ICOs. The new rules are expected to finalized later this year, and may well be enacted before the end of 2018. The move comes in response to […]

Tax Notices Sent To Crypto Traders By Indian Government

Posted on 22nd January, 2018

Late last week, the Indian government began sending tax notification documents to tens of thousands of cryptocurrency traders and investors in the country. According to Reuters, these notices follow a recent government survey that found over $3.5 billion in cryptocurrency transactions within the country over the last 17 months. By some estimates, India’s population of […]

Cryptocurrency Regulation To Take Center Stage At G20 Summit

Posted on 18th December, 2017

Global regulatory discussions on bitcoin, cryptocurrencies, and ICOs may begin to take shape as early as April, 2018. On Sunday, France’s Finance Minister Bruno Le Maire told French news channel LCI that he aims to propose a “discussion all together on the question of bitcoin” during the upcoming G20 summit. Given Le Maire’s tone during […]

Russia Reverses Stance on ICOs

Posted on 11th September, 2017

Late last week, Russian Finance Minister Anton Siluanov told reporters that his ministry was drafting plans to regulate both cryptocurrencies and initial coin offerings (ICOs). The move comes as a surprise, as only last year the ministry proposed criminal charges — with a maximum sentence of seven years in jail — for those dealing in […]

Canadian Regulators Give Green Light To ICO

Posted on 8th September, 2017

This week, Quebec’s financial regulatory agency — Autorite des Marches Financiers (AMF) — announced that it would be including an ICO into its experimental “sandbox” program for non-traditional securities and financial instruments. The AMF has approved a proposal from Toronto-based “socially responsible” banking startup Impak Finance, giving official approval to its MPK coin ICO. The […]

North Carolina to tie virtual currencies to “monetary value” under existing laws, rather than create new regulations

Posted on 26th August, 2014

In a story published today on CoinFinance, an unnamed North Carolina Commission of Banks (NCCOB) spokesperson said that regulators in the state were opting to handle bitcoin-based investments and businesses under existing rules. The NCCOB will treat bitcoin and other cryptocurrencies as “monetary value,” as defined in the N.C. Money Transmitters Act. Under those rules, […]

NYDFS extends comment period on proposed BitLicense regulations

Posted on 21st August, 2014

The New York Department of Financial Services (NYDFS) has extended the public comment period around their proposed “BitLicense” regulation for digital currency-related businesses operating in the state’s jurisdiction. In an update published today to the NYDFS website, the regulatory agency said that the extension came in response to a “significant amount of public interest in […]

New report suggests France is considering bitcoin regulation

Posted on 4th August, 2014

Late last month, the French Senate’s finance committee held a meeting about the future of digital currencies in the country, addressing many of the challenges presented by cryptocurrencies for both regulators and the existing finance infrastructure. This week, the French Senate released a follow-up report, outlining a regulatory framework for bitcoin and similar networks. The […]