Cryptocurrency Analysis and News Portal
Crypto exchange BitMEX has published a framework of principles for how best to store additional batches of transactional provenance data, a requirement exchanges face as part of new anti-money laundering (AML) rules.In order to fall in line with the rest of the financial system, virtual asset service providers (VASPs) have
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The National Bank of Kyrgyzstan has published draft legislation that would legally define cryptocurrency and how it may be used in the Central Asian nation. With the proposed legislation, the central bank is following the call of the Financial Action Task Force (FATF) to regulate cryptocurrencies and prevent related money
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Blockchain and Bitcoin have been the hottest buzzwords in the cyber economy for the past several years. People around the world have taken to this trend in cryptocurrency thanks to its unique method of operation and the potential to deliver high returns.To put it in simple terms, a Blockchain is
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You could argue that the crypto industry should be crowdsourcing Blockstack’s legal expenses. Blockstack’s trailblazing work with the Securities and Exchange Commission on the initial coin offering (ICO) for its native Stacks (STX) tokens made headlines in mid-2019. On Monday, Cryptox reported on Blockstack’s legal analysis that said that upon the
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Nigeria’s Finance Ministry is reportedly in talks with the country’s securities regulator to develop a new framework for blockchain and cryptocurrencies -- a move that could accelerate adoption in Africa’s largest economy. Business Day, a Nigerian market intelligence publication, reported Tuesday that the Ministry of Finance is working with the Abuja-based Securities
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The Cayman Islands is building a regulatory framework for "virtual asset service providers" with some measures already enacted. Source
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China's president said the nation should proactively participate in setting the international framework. Source
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The internet has evolved significantly since its inception, spawning the creation of global protocols, frameworks, and new classifications of developers. This has resulted in centralization difficulties, unnecessary complexities, and diminished quality standards loaded with vulnerabilities. The Nexus Tritium, Amine, and Obsidian (TAO) Framework will uproot these historic flaws by recomposing
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The Department of Justice (DOJ) just fired a warning to crypto exchanges worldwide: Comply with U.S. law or face the potential wrath of the federal government.Last week, the DOJ published an 83-page cryptocurrency enforcement framework detailing its approach to the nascent space and discussing potential crimes. The document also suggested
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The tax framework may address questions surrounding wallet providers and income not derived from crypto sales. Source
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