Category: Government

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UK Financial Watchdog FCA Now Supervises AML/CTF Compliance of Crypto Businesses

January 10, 2020

Britain’s Financial Conduct Authority now monitors anti-money laundering and counter terrorism financing for companies carrying out cryptocurrency-related activities. Britain’s Financial Conduct Authority (FCA) now monitors anti-money laundering (AML) and counter terrorist financing (CTF) for companies carrying out cryptocurrency-related activities. According to an official announcement published on Jan. 10, FCA will supervise whether United Kingdom-registered businesses…
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NY Governor Wants Crypto Firms to Cover Costs for NYDFS Oversight

January 10, 2020

New York Governor Andrew Cuomo wants crypto businesses to pay for NYDFS’ oversight to “make progress happen.” Cryptocurrency entities licensed under the New York’s Financial Services Law (FSL) should pay the costs of regulatory oversight, Governor Andrew Cuomo believes. The Democratic Governor purportedly wants the state authorities to amend the FSL in order to require…
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Former Bakkt CEO and New US Senator Loeffler Will Help Oversee CFTC

January 9, 2020

Former Bakkt CEO and Georgia’s new Senator Kelly Loeffler will help oversee major financial regulator responsible for commodities trading — including BTC. Former Bakkt CEO and Georgia’s new Senator Kelly Loeffler will help oversee major financial regulator, the Commodity Futures Trading Commission (CFTC). Sworn into the United States Senate on Jan. 6, the crypto-friendly businesswoman…
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China’s Nationwide Blockchain Network BSN Will Launch in April 2020

January 8, 2020

Founded by government-run entities, China’s nationwide blockchain network will launch in April 2020, following a six-month beta testing period. China’s nationwide blockchain network, the Blockchain-based Ser­vice Net­work (BSN), will launch in April 2020, six months after it was rolled out for testing. Backed by Chinese government policy think tank the State In­for­ma­tion Cen­ter (SIC), the…
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Former Bakkt CEO Sworn Into Senate, Casts 1st Vote to Support Trump

January 7, 2020

Kelly Loeffler, former CEO at the ICE-backed cryptocurrency trading platform Bakkt, has been sworn into the United States Senate. Kelly Loeffler, former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, has been sworn into the United States Senate. In a Jan. 6 tweet, Loeffler announced that she was sworn into the U.S. Senate…
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US SEC Prioritizes Crypto Compliance in 2020, But Hints at Kinder Gentler Approach

January 7, 2020

The United States SEC will be looking for greater crypto compliance in 2020, but the announcement suggests a softening of attitude. The United States Securities Exchange Commission continues to scrutinize crypto as its compliance office adds fintech and digital assets to its annual priorities list. Per a Jan. 7 announcement from the SEC’s Office of…
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Court Denies SEC Request to Make Telegram Reveal ICO Bank Records

January 7, 2020

Telegram will still have to prove that its bank records comply with foreign data privacy laws despite a U.S. court denying a Jan. 2 application by the SEC. The District Court for the Southern District of New York has denied a request by the United States’ securities regulator to make Telegram reveal its bank records.…
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China Is Opening Doors to Blockchain — Private and Public

December 31, 2019

Chinese President Xi publicly supports blockchain development in the country. The first blockchain industrial park was opened in Shanghai’s Baoshan District in November 2016 with the goal of not only developing blockchain technology for government-related work, but also for connecting the technology with finance, insurance, real estate, intellectual property and other industries. Shortly after the…
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SEC’s Cryptomom Talks New Rule Changes and Meaning for Crypto With Cointelegraph

December 30, 2019

U.S. SEC Commissioner and ‘Cryptomom’ Hester Peirce talks crypto, securities exemptions and ICOs with Cointelegraph. As one of five commissioners of the United States Securities Exchange Commission, Hester Peirce is at the forefront of securities regulation in the country today. Of interest to Cointelegraph’s readers, her positivity toward the future of cryptocurrencies has earned her…
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Around the World in 2019 — A Landmark Year for Crypto Taxation

December 29, 2019

2019 was a very busy year with crypto tax legislation — check out Cointelegrahp’s 2019 global overview. 2019 was, without a doubt, a milestone for crypto taxation. Countries around the world realized cryptocurrencies are here to stay and adjusted their crypto tax policies as a result. This year alone, several countries have been busy establishing…
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