Regulated Swiss cryptocurrency bank SEBA is now fully operational for professional investors and enterprise clients. Switzerland-based cryptocurrency bank SEBA has launched its services for professional investors and enterprise clients, according to an official news release published on Nov. 12. As reported, SEBA Bank AG (formerly SEBA Crypto AG) is a fully-regulated institution, having secured a…
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Cryptocurrency exchange Bittrex will give frozen holdings back to its Iranian users, which the exchange suspended in 2017 due to the requirements of U.S. regulators. Crypto exchange Bittrex will give frozen holdings back to its Iranian users, which the exchange suspended two years ago due to the requirements of United States’ regulators. Bittrex’s Iran-based users…
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Limited availability goes full-scale after trading platform receives necessary green light from New York authorities. Institutional Bitcoin (BTC) trading platform Bakkt has announced it has launched its custody feature for its entire client base following regulatory approval. Bakkt: custody is “critical link” in BTC adoption In a blog post on Nov. 11, Bakkt said it…
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Benoît Cœuré will take on a further digital currency-related role, having already led a group researching stablecoins. A former European Central Bank board member will chair a new arm of the Bank of International Settlements (BIS) focusing on digital currencies and financial innovation. In a press release on Nov. 11, the BIS confirmed Benoît Cœuré…
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New U.K. crypto tax policy paper: Crypto is an asset and subject to capital gain tax. Only a few weeks after the United States Internal Revenue Service published new guidance for crypto taxation, the United Kingdom’s tax, payments and customs authority, Her Majesty’s Revenue and Customs, has updated its cryptocurrency taxation policy paper for businesses…
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The former head of People’s Bank of China, Zhou Xiaochuan has argued that Libra would be more readily trusted if it were in the hands of an entity like the IMF. The former head of People’s Bank of China (PBoC), Zhou Xiaochuan has argued that the Libra stablecoin would be more readily trusted if it…
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New York-based fintech Tassat has succeeded in obtaining regulatory approval for the launch of a crypto derivatives exchange. New York-based financial technology firm Tassat — formerly known as trueDigital — has succeeded in overcoming the first hurdle in its bid to launch a fully-regulated crypto derivatives exchange. According to an announcement from the United States…
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Director for the Federal Bureau of Investigation Christopher Wray said that cryptocurrencies present a significant and growing problem for the intelligence agency. Director for the Federal Bureau of Investigation (FBI) Christopher Wray testified before the Senate Homeland Security Committee at a hearing on security threats facing the United States. On Nov. 5, during the hearing…
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Cointelegraph previews U.S. SEC-hosted meetings on streamlining exemptions to registration for securities offerings. Today, the United States Securities and Exchange Commission (SEC) is hosting two meetings of the investor advisory committee. The second of these is scheduled to start at 1:00 PM EST and will deal with the SEC’s earlier request for comment on harmonization…
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A project by the interior ministry and other entities even includes creating dedicated government wallets for transferring of seized funds. Russia is planning on creating legal statutes allowing the government to achieve the impossible: confiscation of Bitcoin (BTC). As local financial news outlet RBC reported on Nov. 7 citing sources familiar with the matter, Russia’s…
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