In the second hearing dubbed “Examining Regulatory Frameworks for Digital Currencies and Blockchain”, Nevada’s senior senator, Catherine Cortez Masto, said
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
Following a few turbulent months, the cryptocurrency market has slowed. However, Bitcoin’s volatility has done no favors for investors’ peace
The most popular Bitcoin margin trading exchange, BitMex, is reportedly under investigation by the United States Commodities and Futures Trading
It appears that the UK Financial Conduct Authority (FCA), the governmental body responsible for regulating the country’s financial markets, is
It seems that not everybody is excited to find out that Facebook is launching their own cryptocurrency and it is
As of May 20, the U.S. Securities and Exchange Commission (SEC) has yet again delayed its approval of the VanEck
One of the events the entire cryptocurrency community has its sights turned to is the VanEck/SolidX Bitcoin ETF proposal. It
Initial Exchange Offerings (IEOs) have been gaining quite a bit of steam lately. It appears that major cryptocurrency exchange backing
TL;DR On Thursday, December 13th, the US Congress is expected to address the issue of crypto legislation and at the
TL;DR JVCEA (Japan’s Virtual Currency Exchange Association) has received official recognition by the FSA. This move will allow the Association