Saturday, February 16, 2019
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Mauritius Regulators to Approve Digital Asset Custodian Licensing Framework

The Mauritanian Financial Services Commission (FSC) is establishing a regulatory framework for digital asset custodian services, according to an official announcement published on Feb. 8.The new regulation will be effective as of March 1 and will require custodian services “to comply with the applicable framework for [Anti Money Laundering] AML/CFT

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UK Crypto Liquidity Provider Receives Financial Regulator’s Approval

United Kingdom crypto liquidity startup B2C2 OTC Ltd. has received approval from the country’s Financial Conduct Authority (FCA) on Wednesday, Jan. 30, according to a record in the FCA’s register.A separate press release notes that B2C2, which also provides electronic over-the-counter (OTC) trading, can now offer contracts for difference (CFDs)

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New York Financial Regulators Grant BitLicense to Bitcoin ATM Operator

The New York State Department of Financial Services (NYDFS) has granted a virtual currency license, or BitLicense, to Cottonwood Vending LLC, according to an official tweet on Jan. 31.Cottonwood Vending is a Bitcoin (BTC) ATM operator with terminals in New York City and the surrounding area. According to the tweet,

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Regulators Approve Startup’s Bitcoin Sidechain Trial for Exchanges

Japanese blockchain development company Crypto Garage announced it had gained regulatory permission to trial its settlement system using Blockstream’s Liquid Sidechain, Cointelegraph Japan reported Jan. 21.Crypto Garage, which claimed to be the first such blockchain finance project to get the green light under the Japanese government’s regulatory sandbox scheme, will

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US Regulators’ Approach to Crypto Is Obstructing Innovation: Ex-Congressman

Former Republican Representative George Nethercutt championed cryptocurrency, but took aim at United States regulators’ approach to it in an article for political news outlet The Hill Jan. 14.Nethercutt — who represented the U.S. state of Washington for ten years from 1995 — now serves as founder and chairman of Nethercutt

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Japanese Regulators Grant Cryptocurrency Exchange License to Coincheck

Japan’s finance regulator, the Financial Services Agency (FSA), has granted full permission for cryptocurrency exchange Coincheck to continue operating in the country. Cointelegraph Japan reported on the development on Jan. 11, quoting an official communique.Coincheck, which was hacked in January 2018, losing altcoin tokens worth $530 million at the time,

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Regulators Freezes Assets of BitConnect Promoter John Bigatton

John Bigatton, the only representative for BitConnect Australia, has had his assets frozen by the  Australian Securities and Investments Commission (ASIC), functions very similarly to the Securities and Exchange Commission in the United States. Bigatton can’t travel, as part of the ongoing investigation. In the video below, Bigatton celebrates with BitConnect

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UK Regulators Still Probing 18 Businesses Over Cryptocurrency Dealings: Report

The United Kingdom’s finance watchdog the Financial Conduct Authority (FCA) has revealed that it is investigating 18 companies over cryptocurrency use, local daily news outlet the Telegraph reported Dec. 29.Responding to a Freedom of Information Act (FOI) request from the publication, the FCA said it had closed the vast majority

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British Regulators Ruminate on Crypto Rules While Standing Firm on Crypto Taxation

A significant crypto market slump has brought concern and alarm, but also some unexpected side benefits. One such benefit comes from how financial regulators in the United Kingdom now appear sufficiently relaxed about crypto and its growth that they can take their time to carefully consider fair regulation. Without the pressures

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