Home > Regulations

Blockchain Bites: Iran and Russia Revisit Crypto Regulations, Bitcoin Pizza Day 10 Years Later

News 'Diet'Laszlo Hanyecz has the honor of conducting the first commercial Bitcoin transaction: trading 10,000 bitcoin for about $30 worth of pizza. Ten years later, those bitcoin would be worth $91 million. He apparently has no regrets. “It was a really interesting system but nobody’s using it,” Hanyecz said. “If nobody’s

Read More

IOSCO Board Unveils Report Detailing Stablecoins and Securities Regulations

The board of the International Organization of Commissions, or IOSCO, recently unveiled a write-up on stablecoins as they may overlap with current market regulations, including securities laws.  Listing several other reports and touchpoints, the IOSCO board pointed toward stablecoin structure in its March 2020 report:“Ultimately, the applicability of any IOSCO

Read More

Canada Tightens Crypto Regulations Alongside AML/CTF Overhaul

The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) has announced it will soon implement new anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The laws including updated guidelines for virtual currencies.In a departmental report published on March 10, FINTRAC emphasizes that the establishment of “an enhanced AML/[CTF]

Read More

Bithumb Partners With Chainalysis Amid Tightening Korean Regulations

On March 10, major South Korean cryptocurrency exchange Bithumb announced it has partnered with crypto forensics firm Chainanylsis following the passing of new Korean crypto regulations.Bithumb will employ Chainalysis’s “Reactor” investigations tool to examine suspicious activity on its platform in a bid to comply with Korea’s recently amended Special

Read More

Hong Kong and Abu Dhabi Change Crypto Regulations to Align With FATF

On Feb. 26, Hong Kong’s financial secretary Paul Chan stated that his administration will strengthen its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies regarding cryptocurrencies.In his recent budget speech, Chan indicated that the amendments will address recommendations made by global financial watchdog, the Financial Action Task Force (FATF). New

Read More

UK Financial Watchdog Seeks Cryptocurrency Expert to Address EU Regulations

The United Kingdom’s major financial regulator, the Financial Conduct Authority (FCA), is looking to hire a specialist with a cryptocurrency background.Specifically, the FCA is seeking an intelligence associate with crypto expertise to address digital assets under the European Union's 5th Anti-Money Laundering Directive, the regulator said in a LinkedIn

Read More

Coinbase Custody, Bison Trails Join Proof of Stake Alliance to Push for Clearer Crypto Regulations

Coinbase Custody and Bison Trails have joined the Proof of Stake Alliance (POSA), a lobbying organization hoping to push regulators to clarify the legal treatment of staking services.Announced Thursday, the lobbying group said having the two companies on board adds weight to its mission of advancing the proof-of-stake (POS) industry.

Read More

Paraguay Audits Local Crypto Industry to Prepare for FATF-Style Regulations

Paraguay is preparing to take its nascent cryptocurrency industry mainstream.Last week, the Latin American country’s anti-money-laundering (AML) chief, the Secretary for Preventing Money and Property Laundering (SEPRELAD), announced a nationwide crypto survey. Every one of Paraguay’s virtual asset service providers (VASPs) was directed to open their books to the government

Read More