Proper Regulations Will Boost Confidence in Cryptocurrency Sector: Abu Dhabi Regulator

The regulatory chief of Abu Dhabi’s international financial center and free zone has called for tighter regulations for cryptocurrency trading and ICOs while recognizing the growing global industry. Nearly a year after issuing its guidelines for cryptocurrencies and initial coin offerings (ICOs), effectively regulating the industry, the Financial Services Regulatory Authority (FSRA) is sharing its …

Cryptocurrencies ‘Here to Stay, Market Growing despite Recent Turbulence’: EU Watchdog Chief

Following the meeting of the EU Economic and Financial Affairs Council (ECOFIN) in Vienna, Austria on September 7, European Commission Vice-President Vladis Dombrovskis has stated that the Council’s position on cryptocurrencies is that they are here to stay despite market turbulence. CCN earlier reported that the 28 EU finance ministers would meet for an informal …

Philippines Prepares to Regulate Cryptocurrency Exchanges as Trading Platforms

The head of the Philippines’ Securities and Exchange Commission (SEC) is targeting draft rules for domestic cryptocurrency exchanges within weeks ahead of finalizing regulations later this year. Cryptocurrency exchanges in the Philippines could soon operate as regulated trading platforms as authorities proactively seek to both protect investors and enable an inclusive ecosystem for cryptocurrencies to …

Russia May Unban Telegram…if it Shares Encryption Keys with the FSB

Russia’s telecommunications watchdog said that it will consider reversing the ban on messaging service Telegram if the company submits to a court order requiring it to share its encryption keys with federal law enforcement. Russia-based news outlet RT reports that Roscomnadzor (RKN), which began blocking local access to Telegram after the company refused to comply …

Iran Finalizes Draft on National Cryptocurrency as US Sanctions Sting

The Republic of Iran has revealed the details of its national cryptocurrency in response to the United States-led economic sanctions. According to Informatics Services Corporations (ISC), a central bank-affiliated body, Iran’s future cryptocurrency is backed by Rial and is developed on the Linux Foundation-led open-source Hyperledger Fabric technology. In contrast to decentralized cryptocurrencies such as Bitcoin that are issued …

U.S. Rep. to Host ICO Summit to Discuss ‘Light-Touch’ Crypto Regulation

A U.S. Congressman has invited 32 cryptocurrency industry organizations to Capitol Hill to discuss initial coin offering (ICO) regulation. Axios reports that the summit, sponsored by Rep. Warren Davidson (R-OH), will take place on Sept. 25 and feature participation from a variety of businesses and non-profits, including Intercontinental Exchange (ICE), Nasdaq, CME Group, Andreessen Horowitz, …

CBOE President Cautiously Hopeful on Bitcoin ETF Prospects Despite SEC Action

CBOE Global Markets Inc. could well become the first company to win approval for a bitcoin ETF, but whether that coveted accomplishment materializes remains to be seen. For his part, Chris Concannon, CBOE’s president and CEO, said that he is optimistic that the Securities and Exchange Commission will grant his wish, but he recognizes that …

Roger Ver Sent Governor of Jeju I$100 in Bitcoin Cash, Did it Violate Local Policy?

Roger Ver, a prominent cryptocurrency investor who has backed some of the largest companies in the global crypto sector such as Blockchain, Zcash, BitPay, and Kraken, recently sent the governor of Jeju Island of South Korea $100 worth of bitcoin cash at a public event. Humorous Kim Yeong-Ran Rule Banter Over the weekend, Ver visited …

NY BitLicense Chief Clashes with U.S. Treasury over Fintech Banking Charters

The New York State Department of Financial Services (DFS) has stated its opposition  to the U.S. Department of Treasury’s endorsement of regulatory “sandboxes” for fintech companies that essentially allow fintechs to receive special bank charters, according to a statement on its website by Maria T. Vullo, DFS superintendent and overseer for the state’s BitLicense regime. The …

88% Of Crypto Exchanges Want Industry Regulation, New Study Reveals

Lithuania-based crypto payment company Mistertango has released a study which reveals that 88% of cryptocurrency exchanges want industry regulation. The study was based on responses from 24 crypto exchanges across the world with a total daily trading volume of over $100 million. The responses show an industry that wants to be part of the formal system, …