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Private digital currencies are better than any state-issued version, admitted a high-ranking representative of the Swiss National Bank. Cryptocurrencies are also less risky, according to Andrea Maechler, member of the central bank’s governing board. Her comments indicate that Switzerland has no intentions to emit a state-sponsored crypto. Also read:Continue Reading
This week the U.S. Immigration and Customs Enforcement’s Homeland Security agency (ICE) has revealed that it is charging two Canadian brothers and the company Payza with illegal money transmission and money laundering charges tethered to cryptocurrency transactions. Also read: ICO Trackers Are the New Gatekeepers of Crowdsales Money Transmitters are RequiredContinue Reading
The Moscow bankruptcy court has ruled that cryptocurrencies of a bankrupt debtor will not be seized to pay his creditors. The trustee for the case has failed to convince the judge to include the debtor’s cryptocurrencies in the bankruptcy estate. Also read: Indians Look to Buy Bitcoin Overseas as Regulations TightenContinue Reading
The South Korean government is considering introducing an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Services. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License Bitlicense Comes to Korea The South Korean regulators are considering introducingContinue Reading
Thailand’s financial agencies have agreed that regulators cannot stop the use of cryptocurrencies within the country. The relevant ministries will meet and discuss the regulatory framework for digital currencies and initial coin offerings, which is expected to be finalized within a month. Also read: Japan’s DMM Bitcoin Exchange Opens for Business WithContinue Reading
The financial inspectors of the SEC publish their top priorities at the beginning of every year in an effort to improve compliance, prevent fraud, monitor risk, and inform regulatory policy. This year, tacking fraud in the ICO and cryptocurrency markets takes center stage. Also Read: Weiss Ratings Defends its DecisionContinue Reading
The Monetary Authority of Singapore has been studying cryptocurrency developments and there is no strong case to ban crypto trading, a high-ranking government official told lawmakers. The adoption of regulations in other countries in the region has increased pressure on authorities in the city-state to clarify their stance on bitcoin,Continue Reading
Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission began in earnest at the United States Senate Dirksen office building Tuesday, 6 February. The Committee on Banking, Housing, and Urban Affairs summoned respective Chairs of the US Securities and ExchangeContinue Reading
According to reports on Tuesday, a large quantity of U.S. media outlets were sent an email from an individual claiming to be a representative of the People’s Bank of China (PBOC). The message contained a phony invitation to a press conference between the media, the PBOC, and the Hong KongContinue Reading
Following the inspections of six major banks this week, South Korean regulators have uncovered some inadequate internal controls for handling cryptocurrency exchanges. Given the government’s strict rules, some banks have decided to stop providing services to cryptocurrency exchanges instead of overhauling their systems further to comply with the regulations.Continue Reading
Staying in forward motion, even when things look bleak, does more for lining up your success than you realize. (Don’t forget: If you’re afraid you’ll fall, at least fall forward.) I like to think of what happens when you’re standing in a still pool of water. As long as youContinue Reading
A few years ago, I stepped outside of my home and unexpectedly witnessed what you see here – and it stopped me in my tracks. It seemed impossible, but it was real. A huge 747 airplane flew by so low, and so slow that it hardly seemed to be moving. Continue Reading
This is one of my brain dumps. It’s not organized with literary brilliance, it’s a brain dump. But it’s important stuff, and I think it needs to be shared immediately. I’ll clean it up later. Maybe. Here we go: When facing a tough economic challenge, part of you might wonder whatContinue Reading
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