The U.S. Deputy Treasury Secretary argued that decentralized privately-issued cryptos can shift some functions of the state to the private sector. The United States Deputy Treasury Secretary argued that decentralized privately-issued digital currencies can shift some functions from the state to the private sector. Deputy Secretary of the Treasury Justin Muzinich presented his view on…
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Grayscale Investments is launching its diversified cryptocurrency investment product DLC for public trading. American digital asset management fund Grayscale Investments is soon launching its diversified cryptocurrency investment product for public trading. Dubbed Grayscale Digital Large Cap Fund (DLC), the product includes five major cryptos including Bitcoin (ETH) and Ether (ETH), and will soon be available…
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A new official statement from China’s central bank confirms it is taking fresh action against businesses offering cryptocurrency trading. Cryptocurrency exchanges operating illegally in China face a new threat after the central bank announced it would take new steps to uphold its trading ban. In a statement on Nov. 21, the People’s Bank of China…
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With a legal publication on the status of cryptos and blockchain in the U.K., crypto businesses speak out about regulation in the country. London has long been one of the world’s most prominent financial hubs. But as the United Kingdom delves further into an uncertain period of political instability that could radically alter the very…
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A bipartisan team of senators introduced legislation that would regulate Facebook’s Libra stablecoin under securities law. American lawmakers have reportedly introduced a bill aiming to put Facebook’s Libra under the jurisdiction of the Securities and Exchange Commission (SEC). Two Texas representatives, Sylvia Garcia and Lance Gooden, have proposed legislation that would put even more regulatory…
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Grayscale’s Michael Sonnenshein contends that the asset manager’s Form 10 filing with U.S. regulators would be “a milestone” for the crypto industry if it’s approved. Grayscale’s Michael Sonnenshein contends that the asset manager’s recent Form 10 filing with American regulators would be “a milestone” for the crypto industry if it’s approved. Sonnenshein — managing director…
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FirstRand Bank has said it will no longer serve exchanges after March 2020, while at least one of those affected says it already has alternative arrangements in place. Bitcoin (BTC) exchanges in South Africa will lose their banking support after a local bank confirmed it was closing their accounts. As local internet magazine My Broadband…
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Singapore’s central bank and financial regulator, the Monetary Authority of Singapore, has proposed bringing crypto derivatives trading under its purview. Singapore’s central bank and financial regulator, the Monetary Authority of Singapore (MAS), has proposed bringing crypto derivatives trading under its purview. According to a BNN Bloomberg report on Nov. 20, the MAS’ proposal would make…
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Fidelity Digital Asset Services, LLC has procured a charter from the New York State Department of Financial Services to operate a virtual currency custody and execution platform. Fidelity Digital Asset Services, LLC (FDAS) has procured a charter from the New York State Department of Financial Services (NYDFS) to operate a virtual currency custody and execution…
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The U.K. Jurisdiction Taskforce of the Lawtech Delivery Panel published a statement concerning cryptocurrencies, DLT and smart contracts. The United Kingdom Jurisdiction Taskforce of the Lawtech Delivery Panel published a statement concerning the status of cryptocurrencies, distributed ledger technology (DLT) and smart contracts under English and Welsh private law. U.K. entrepreneur network Tech Nation announced…
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