Crypto Regulations

Privacy coins no more? CipherTrace files patents for tracing Monero transactions

The firm claims it will be able to identify XMR used for illicit purposes to support criminal investigations. Crypto analytics firm CipherTrace announced on Friday that it had filed two patents for technology capable of tracing transactions for privacy coin Monero. In a Nov. 20 blog from CipherTrace, the firm stated that the patents would […]

Another crypto exchange opts to get rid of Zcash (ZEC)

US crypto exchange, ShapeShift, recently removed as many as three cryptocurrencies at once. All three coins — XMR, DASH, and ZEC — are privacy coins. ZEC was removed despite the firm’s large investment in one of its creators, due to regulatory concerns. A US cryptocurrency exchange based in Colorado, ShapeShift, recently decided to delist the […]

ShapeShift delists privacy coins Monero, Zcash and DASH over regulatory concerns

ShapeShift, the direct-swap digital assest exchange founded by Erik Voorhees in 2015, has delisted a number of “privacy coins” from its platform. According to reports, regulatory risks associated with the use of Monero, DASH and Zcash led to the action. Many other exchanges, at least those with ties to the U.S., have similarly delisted (or […]

Binance has begun to block U.S. users from accessing its exchange platform

Binance has started blocking U.S. users from accessing its platform, The Block has learned. An email obtained by The Block directed a user to withdraw their funds within 90 days if they were based in the U.S.  The move comes more than a year after Binance first announced that it would stop serving U.S. residents […]

New North American Mining Pool Bets On Region And Regulatory Compliance

North American bitcoin mining farms all use mining pools to ensure steady block rewards, compiling hash power from miners operating remotely to compete with the industrialized farms based in China. Most of these mining farms use China-based mining pools (pools whose headquarters and, perhaps, servers for collecting hash power, are located in China) because the […]

FinTech Ripple picks DIFC for regional HQ

Ripple, the enterprise blockchain solution for global payments, has established its regional headquarters at Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia region. Ripple has chosen DIFC for its innovative regulations, expansive network and reputation as a leading global financial centre. Ripple and DIFC are […]

Ripple opens regional office in Dubai following volatile Q3 for XRP

The financial center in one of Dubai’s free-trade zones acts as an independent regulator with its own judicial system According to a Nov. 7 announcement, Ripple has established a regional office in the Dubai International Financial Centre, or DIFC.  The blockchain-based payments firm reportedly chose the location for its “innovative regulations.” The DIFC website states […]

Ten Spanish companies join forces to promote digital identity using blockchain technology

They will be launching a solution which will give the user a single self-managed digital identity, in a secure reliable environment, to make it easier to fill in forms automatically to take up services, among other uses. The project, known as Dalion, has completed the concept test, and the second phase of the project begins […]

Dutch crypto exchange gets regulatory nod from central bank

Netherlands-based cryptocurrency exchange BLOX, announced in a blog today that it has now been included in the registry of the Dutch Central Bank (De Nederlandsche Bank). Earlier this year, the Dutch parliament had passed Anti-Money Laundering (AML) amendments following which, cryptocurrency exchanges were expected to register themselves with the Dutch central bank, if they wanted […]

Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation

The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic crisis as Covid-19 cases surge in the country. The Iranian health ministry says that the number […]

What Will It Take to Institutionalize Crypto Asset

By Lihan Hyunwoo Lee,  CTO / Co-Founder and Xangle Crypto may not yet be considered an institutionalized asset class — but it’s getting closer. Crypto may not yet be considered an institutionalized asset class — but it’s getting closer. The truth is, it’s already happening. Early investors in crypto kept it afloat after a rocky start, […]

Hong Kong plans to ban retail trading of cryptocurrencies

Cryptocurrencies will now come under fresh regulations in Hong Kong as its Securities and Futures Commission (SFC) proposes to ban retail investors from trading in cryptocurrencies. The new rules also aim to force crypto exchanges in Hong Kong to obtain licenses. During the Hong Kong Fintech Week event on Tuesday, Chief Executive Officer of the […]

Japanese Obsession With XRP Explains Ripple’s Relocation Interest

The CEO of Ripple Brad Garlinghouse said US regulators are playing a guessing game on cryptocurrencies. In an interview, Ripple’s CEO Brad Garlinghouse is adamant about his dislike for crypto regulations in the US and has even shortlisted several jurisdictions for relocation. CEO Rails American Regulators Garlinghouse indicated that the company could soon relocate to […]

Are crypto-tax regulations ready for Ethereum’s staking rewards?

Over the past decade, the crypto-market has diversified significantly and today, the average crypto-user has a wide variety of options in terms of coins and derivatives products to choose from. However, this growth hasn’t translated well when it comes to addressing issues pertaining to regulatory and tax compliance. Tax laws and the IRS’s guidelines for […]

Telegram hopes US blockchain regulations will become more favorable

The US Southern District of New York Court ruled that Telegram must pay $1.22 bln in tokens to those who had purchased the Gram currency, and to pay $18.5 mln in compensation payments MOSCOW, June 26. /TASS/. Pavel Durov, the owner of Telegram instant messaging service, expressed hope in a statement on Thursday that US […]

Crypto Friendly Regulations Make Gibraltar a Leading Space for Blockchain Companies, Minister Says

Gibraltar is amongst the leaders in terms of blockchain adoption due to its openness to innovation and creativity, said the nation’s minister for digital and financial services. By developing a regulatory regime fit for blockchain-based companies and customer protection at the same time, the country has attracted over a dozen such businesses. Gibraltar’s Nine Principles […]

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