Tag: Regulations

US OCC Proposes Rule to Prevent Crypto Firms From Being Unfairly Denied Banking Services

US OCC Proposes Rule to Prevent Crypto Firms From Being Unfairly Denied Banking Services

Crypto-related businesses across the world regularly face red tape and unnecessary restrictions and these challenges make it doubly hard for firms to operate in any given jurisdiction. From being denied financial services with banks such as opening business accounts, or having to go through tedious, long-drawn processes to get the business licensed and more, it […]

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US Regulator Wants to Put an End to Unfair Practices Against Crypto Businesses

US Regulator Wants to Put an End to Unfair Practices Against Crypto Businesses

2020 was a tough year for crypto, but it seems like the last few months are trying to compensate hodlers for the bad times. And now, the Office of the Comptroller of the Currency is bringing more good news to the crypto space. A recent regulatory proposal issued by the OCC seeks to ensure that […]

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Thai SEC Enables Brokerages to Hold Crypto as Net Capital Reserve

Thai SEC Enables Brokerages to Hold Crypto as Net Capital Reserve

Thailand’s Securities and Exchange Commission (SEC) decided to follow the regulatory guillotine to adjust the standard of the Net Capital (NC) to accommodate the digital assets related businesses. The Thai SEC has updated the standard of the Net Capital (NC) for the stocks and derivatives brokers operating in the Kingdom where digital assets, including cryptocurrencies, […]

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US Senator Cynthia Lummis: Bitcoin is Going to be an Important Player for a Long Time To Come

US Senator Cynthia Lummis: Bitcoin is Going to be an Important Player for a Long Time To Come

Americans have just elected Cynthia Lummis (R) as their first female pro bitcoin senator, and she seems ready to make history. Lummis (R) became senator-elect from the state of Wyoming after beating the democrat candidate Mike Enzi. She has a long and well-known career in politics, but few know about her proud past as a […]

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Two Historically Rival Tribes in Brazil Join Forces to Create a Cryptocurrency to Fight Government Exclusion

Two Historically Rival Tribes in Brazil Join Forces to Create a Cryptocurrency to Fight Government Exclusion

Two indigenous tribes from the northern region of Brazil  have joined forces to create a cryptocurrency to save their future and have access to a decent income after a lack of attention from that country’s government. The two tribes are known for their with ancestral rivalries. Brazil’s President Jair Bolsonaro is known for his derogatory […]

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Russia Seeks Imprisonment for Undeclared Bitcoin and Cryptocurrency Transactions

In the latest turn of events, the Russian Ministry of Finance has taken a harsh stance wrt cryptocurrency regulations. Crypto holders on not disclosing their digital assets (worth 45 million rubles or more) at least twice in a period of three years stand to face a jail term of up to three years. This, however, […]

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Binance Rewards US Law Enforcement with $200,000 Over Indictment of 2018 Phishing Attack Culprits

Binance Rewards US Law Enforcement with $200,000 Over Indictment of 2018 Phishing Attack Culprits

The US Department of Justice (DOJ) announced the indictment of two culprits involved in a hacking attack of Binance’s platform in 2018. These malicious actors created phishing websites that emulated Binance’s official website prior to the attack in order to collect genuine login credentials and other user data. Back when the attack occurred, Binance put […]

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Higher Compliance Costs for Bitcoin Holding Companies Under Biden Presidency, Ripple CEO Forecasts

Brad Garlinghouse believes that bitcoin holding companies will soon be affected by new policies from the Biden-led administration. Bitcoin Will be Subject to Climate Change Management Policies According to a tweet on Monday (November 9, 2020), Ripple CEO Brad Garlinghouse has envisaged that Bitcoin holding companies might come under scrutiny once the Biden admin begins […]

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