Saturday, November 28, 2020
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Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal

Cryptocurrency assets would be treated like financial products under South Africa’s Financial Advisory and Intermediary Services (FAIS) Act, under a draft declaration by a financial regulator.“The Declaration would have the effect that any person furnishing advice or rendering intermediary services in relation to crypto assets must be authorised under the

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South Korea: Cryptocurrencies not considered financial asset

Cryptocurrencies, including the most popular and longest running Bitcoin, are neither legal tender nor a financial product as they are “not cash nor an equity instrument of another entity,” according to the latest decision by an international interpretative body of accounting practices.The decision on the much-disputed digital currencies, which will

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Ethereum-Based Brave Considered as Viable Alternative to Chrome

The go-to narrative for critics outside of the cryptocurrency space is to claim that decentralized systems and dApps have no active user bases. Ethereum-based Brave Browser is already being considered as a viable alternative to existing browsers like Chrome and Firefox. Popular Science, a widely recognized science magazine, recently listed Brave

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Coinbase Retracts Announcement of Regulatory Approval to List Coins Considered Securities

Crypto exchange and wallet Coinbase has retracted its previous statement that it received approval from the U.S. Securities and Exchange Commission (SEC) to trade in securities, Bloomberg reports July 18. Last week, Coinbase reported that it could now operate as a broker dealer, offering digital tokens considered to be securities,

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Coinbase Gets Regulator Approval to List Digital Coins Considered to be Securities

Cryptocurrency exchange and wallet service provider Coinbase has received approval from the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to list digital coins considered to be securities, Bloomberg reported July 16. A Coinbase representative told Bloomberg that the SEC and FINRA have authorized

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