The unexpected COVID-19 outbreak is delaying the adoption of Russia’s legislation “On Digital Financial Assets,” according to a government official.
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
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Despite the recent increased interest in cryptocurrency-related businesses in India, most firms have not registered yet with the country’s Registrar
Bitcoin recognition continues – This time from the French Commercial Court of Nanterre. Having to establish its role during a
South Korea is following in the footsteps of India in terms of legalizing cryptocurrency trading and holding after passing a
Today, the cryptocurrency community in India received a positive outcome on behalf of the country’s Supreme Court. After years of
The German Federal Financial Supervisory Authority (BaFin) has recently issued guidelines on cryptocurrencies. Following the 5AMDL from earlier this year,
The unregulated cryptocurrency bookmarkers are becoming a significant threat in the gambling world, said Hong Kong Jockey Club executive, Tom
The Israeli Attorney General, Dr. Avichai Mandelblit, has stated that banks in the country should not stop providing banking services
Changpeng Zhao, the CEO of Binance, has confirmed that his company applied for an operating license in Singapore. This comes