Changpeng Zhao, the CEO of Binance, has confirmed that his company applied for an operating license in Singapore. This comes
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
Bitcoin’s price made yet another positive week of continuous gains. In the past seven days, BTC is up more than
Cryptocurrency regulations are taking a front-row in high-end governmental discussions. Steven Mnuchin, Secretary of the Treasury of the US, noted
Democrat Andrew Yang, who previously urged for more transparent cryptocurrency regulations, has suspended his 2020 presidential campaign. With recent disappointing
India remains one of the countries in the world with regulatory uncertainty when it comes to cryptocurrencies. While the Reserve
The American digital asset trust and security company, BitGo, expands its services to Europe. The company is opening two new
As the country officially left the European Union (EU) on January 31st, 2020, the UK has also taken steps to
Andrew Yang, who is currently running for the 2020 US Presidency, sat for an interview with Bloomberg, and he shared
The World Economic Forum (WEF) in Davos, Switzerland, ended yesterday with a significant mark on the cryptocurrency market. On the
Banks in Hawaii, one of the fifty states in the US, would be able to provide cryptocurrency custodial services to