Swiss Regulator: Crypto Assets Need 800% Risk Weighting In Absence Of Formal Rules

Swiss financial regulator has informally signaled cryptocurrency investments should have a risk weighting ratio of 800 percent of the original amount. FINMA Highlights Bank, Dealer Queries According to local news media outlet Swissinfo, the Swiss Financial Market Supervisory Authority (FINMA) revealed the figure in October in response to a query by trustee and accountant association […]

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South Korea Stands Firm: Won’t Legalize ICOs For Now

South Korea stood its ground on the matter of legalizing initial coin offerings (ICOs), reaffirming the ban that the country instituted last fall. ICO Ban Stands The Financial Services Commission (FSC) – South Korea’s top financial regulator — reaffirmed October 11 that the country will maintain its position on initial coin offerings and keep them outlawed. […]

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France Contemplating Regulatory Framework for Cryptocurrency Intermediaries

France is considering enacting the country’s very first regulatory framework governing crypto-asset intermediaries. The move will require fiat-to-cryptocurrency exchanges as well as custodians of cryptographic keys to undergo a mandatory AMF registration.  Getting Serious About Cryptocurrencies France is one of the more active members of the European Union when it comes to cryptocurrency regulations. The […]

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China Escalates Cryptocurrency Ban Blocking 124 Offshore Exchanges

China will shortly block access to over one hundred international cryptocurrency exchanges and other platforms as the government’s crackdown escalates, local news media report August 23. Beijing On Crypto: We’ll Continue To Ban Everything According to the South China Morning Post quoting Chinese language resource Shanghai Securities News, lawmakers will shut down availability of 124 […]

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G20: ‘Crypto-Assets Can Deliver Significant Benefits’

On July 21-22, the Finance Ministers and Central Bank Governors of G20 countries met in Buenos Aires. Despite failing to come to definitive conclusions, the leaders of the world’s top economies expressed their seemingly positive yet fairly contained opinion of cryptocurrencies.  Bullish, Yet Careful According to the latest report from the meeting in Buenos Aires, […]

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HitBTC Plans To Allow Japanese Trading Via ‘Subsidiary’ By Q3 2018

Wilma Woo · June 4, 2018 · 5:00 pm Cryptocurrency exchange HitBTC is pushing ahead with plans to establish a Japanese subsidiary after banning accounts allegedly linked with the country. Japanese Traders Shut Out For ‘Compliance’ HitBTC announced yesterday via the company’s official blog that it was already “actively hiring for the local office” with […]

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Russia: Telegram Ban Failure Shows Banning Bitcoin is Impossible

Wilma Woo · April 19, 2018 · 10:30 am Amid chaos and mass complaints, the Russian government may have to “ban Bitcoin” in order to successfully ban Telegram. Telegram Shrugs Off Failed Censorship The ‘solution’ to the seemingly impossible task of stopping Russian users accessing the encrypted messenger app underscores the crude reality of censoring […]

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Brave New World: Why the Crypto Revolution Shapes the Modern Individual

As a college student, I often ask myself about where I stand amidst the overarching reach of our institutions and the demanding responsibilities of public life. While many everyday actions seem impermanent – or overshadowed by the immensity of the collective – I have been thrown into a circumstance where I have regained my status […]

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Finnish Crypto Exchange Prasos Oy’s Trading Days May Be Numbered

Nikita Blows · March 9, 2018 · 11:00 pm Four out of the five banks that Finnish-based Prasos Oy uses for their business has severed ties with the exchange, citing money laundering fears as the main reason. Prasos Oy has become a well-known name in the Nordic region’s crypto circuit. The platform relies on the […]

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