Kik reached an agreement with the SEC to pay $5 million in fines for the case against KIN, ending their
Cryptocurrency regulations have been a hot topic of debate among the community ever since digital assets came into existence.
The debate circles whether legislation on cryptocurrencies will carry positive or negative outcomes for the crypto ecosystem.
Some believe that cryptocurrencies such as Bitcoin should operate on their own, without any regulatory oversight. This comes from one of their predominant and perhaps most essential features – decentralization, or the lack of central authorities. This would put the power entirely in the hands of network participants.
However, and on the other hand, there are a lot who believe that proper and well-defined regulations are a critical step towards mass adoption.
In reality, the tendency seems to be favoring the latter group. The well-known and reputable cryptocurrency companies and exchanges are doing their best to abide by the law in order to deliver further security and to avoid regulatory scrutiny.
This is especially the case in the fields of Know-Your-Customer (KYC) and Anti Money-Laundering (AML) regulations. These are welcomed with mixed feelings by the crypto community because they strip away one of the landmark feats of most cryptocurrencies – privacy.
Recent Regulations News
Helix was a Bitcoin Mixer owned by Larry Dean Harmon. Now, the FinCEN penalized it with $60 million in fines
Coinbase released its Transparency Report: Over 96% of all information requests come from criminal investigations by American agencies.
WEF has released a new initiative to study the blockchain and the cryptocurrency state by examining the current regulations, technical
The Bank of Russia has proposed a limit on how much cryptocurrency per year retail investors are able to buy
The US DoJ published its Cryptocurrency Enforcement Framework, explaining its views and actions to tackle criminal activities within the crypto-verse.
One year before announcing the ban on crypto derivatives sale in the UK, an FCA-conducted survey concluded that 97% of
The United Kingdom's FCA will ban the sale, marketing, and distribution to all retail customers of cryptocurrency derivatives and ETNs
A report asking regulators and traditional financial institutions revealed that the majority still considers the crypto ecosystem too volatile and
The two-year-long central bank-imposed ban on cryptocurrencies in Pakistan has taken another turn as the Sindh High Court (SHC) has