Malta Financial Services Authority Implements Crypto Intelligence Solution

The Malta Financial Services Authority (MFSA), the single regulator of financial services in Malta, has partnered with CipherTrace to implement a cryptocurrency intelligence solution to regulate virtual asset businesses licensed on the island. The technology tool, called Compliance Monitoring, rates the risks of cryptocurrency businesses to protect consumers, investors and […]

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Philippines’ Cagayan Economic Zone Authority pushes massive cryptocurrency regulations

The South-East Asian country of the Philippines is set to introduce a fresh set of regulations to govern cryptocurrencies, which will encompass the acquisition, utility, and security of the same. The Philippines is pushing these regulations to ensure their cryptocurrency investors are secure and the industry has the required innovation […]

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New York Authority Grants License To Open ATMs For Buying Cryptocurrency

Basically, Libertyx will offer this service to the citizens, which is an authenticated bit licensee. Also Robinhood Crypto was granted the similar day. Libertyx helps to facilitate to ease the purchase of digital currencies via ATMs throughout the United States. Recently, it announced the launch of its first ATMs back […]

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European Banking Authority (EBA) Urges the European Commission to Carry out Further Studies on Cryptos

The European Banking Authority (EBA)  has published the report of its assessment concerning the suitability and applicability of existing financial laws to cryptoassets. The body has made it clear that the European Union Commission needs to study the blockchain space extensively to enable it to formulate robust laws capable of […]

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Thailand’s Main Regulatory Authority Warns Investors About Risky ICOs

Thailand’s main regulatory authority, the Securities and Exchange Commission (SEC), released a warning to investors regarding what it describes as “renegade ICOs.” The warning details multiple popular ICO projects that are operating in the country without any licensing, supervision, or registration. The warning, which was first reported by the Bangkok […]

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UK Financial Authority Seek To Promote Blockchain Growth with Global Alliance

Collaboration between regulators and companies with regards to fintech innovations like blockchain technology is expected to improve after the UK Financial Conduct Authority (FCA) announced the launch of a new global initiative. The new alliance called Global Financial Innovation Network (GFIN) will work together with 11 financial authorities and related […]

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Swiss Banking Authority Warns that Bitcoin Is Impractical and an Environmental Disaster | BTCMANAGER

In its latest warning about the burgeoning cryptocurrency sector, the Bank of International Settlements (BIS) stated on June 17, 2018, that cryptocurrencies are not scalable and “are likely to face a breakdown in trust” as the number of people using digital currencies increases. Other concerns revolve around their inherently self-limiting […]

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