Sun Dec 22 10:04 AM

Bitcoin ETF Regulatory Withdrawal Sets Institution On-Ramp Back Once Again

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VanEck and SolidX have withdrawn a proposal with the U.S. Securities and Exchange Commission (SEC) for the duo’s latest attempt at a bitcoin exchange-traded fund (ETF).The struggle to create the first bitcoin ETF has been ongoing since at least 2013. Theoretically, a formalized market...

Chinese Regulators Demand Cleanup of Bitcoin Mining in Inner Mongolia

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This article was originally published by 8btc and written by Lylian Teng.China’s Inner Mongolia Autonomous Region has recently issued a notice demanding a cleanup of bitcoin mining operations within the region where it is concentrated.As local cryptocurrency news outlet ChainNews reported on September 14,...

State Document Reveals Details of Iran’s Cryptocurrency Mining Regulations

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Iran’s Ministry of Industry, Mine and Trade is close to finalizing a document that paves the way for legitimizing cryptocurrency mining for local and foreign citizens in the foreseeable future.In early August 2019, Iranian President Hassan Rouhani’s cabinet issued a directive that recognized cryptocurrency...

France Takes Out Tax Requirements on Crypto-to-Crypto Trades

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Bruno Le Maire, the French minister for the economy, has revealed that the government will not be imposing taxes on crypto-to-crypto trades. The policymaker made his statement in an interview with Bloomberg on September 12, 2019, stating that they will only be taxing cryptocurrency...

Bitfury’s Crystal Blockchain Analytics Releases International Bitcoin Report

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Crystal Blockchain Analytics, a spin-off of the Bitfury Group, has released a report covering the international flow of bitcoin, in light of the new Financial Action Task Force (FATF) guidelines on the global crypto space. Crystal released this report on September 9, 2019, intending to...

CipherTrace Unveils Travel Rule Protocol for Cryptocurrency Businesses

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Blockchain security firm CipherTrace has formally announced the release of its Travel Rule Information Sharing Architecture (TRISA); a new way for cryptocurrency businesses to satisfy regulatory pressure to enforce the travel rule, which requires financial institutions to share information of fund transfers.TRISA is described...

Netki Adapts TransactID Into Fits-All Solution for FATF Travel Rule Guidance

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“Bitcoin is growing and many people recognise that it is thriving today and will continue to thrive in the future. Accepting this begs the question — how do operate together?”So asks PricewaterhouseCoopers (PwC) in its “Trusted Bitcoin Ecosystem White Paper,” a 2017 summary...

Gemini Adds Former Morgan Stanley Executive as Chief Compliance Officer

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Cryptocurrency exchange and custodian Gemini has announced that Noah Perlman, former global head of financial crimes and chairman of the political action committee at Morgan Stanley, will be its new chief compliance officer.Tyler Winklevoss, one of Gemini’s founders, announced this development on September 4,...

Dutch Central Bank to Supervise Crypto Companies

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De Nederlandsche Bank (DNB), the central bank of the Netherlands, has announced that private firms catering to the cryptocurrency community in the region will soon come under its direct supervision.The DNB’s exact relationship to the Dutch government is somewhat complicated. Founded in 1818 as...

Heavy-Handed Regulations Run Cryptominers Out of Iran

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The Iranian government’s recently ratified cryptocurrency mining regulations are so severe that they appear to be forcing large-scale miners to move their operations abroad. Days after President Hassan Rouhani’s cabinet implemented a set of cryptocurrency mining regulations on August 4, 2019, reports of miners packing...