Cryptocurrency Analysis and News Portal
As one of five commissioners of the United States Securities Exchange Commission, Hester Peirce is at the forefront of securities regulation in the country today. Of interest to CryptoX’s readers, her positivity toward the future of cryptocurrencies has earned her the moniker “Crypto Mom.”Backdropped by recent efforts to update
Read More
The Monero Compliance Workgroup has stated that the Monero (XMR) network is not subject to U.S. Financial Crimes and Enforcement Network (FinCEN) guidelines regarding the Funds Travel Rule, in a Dec. 5 blog post.What is the Funds Travel Rule?The Funds Travel Rule requires financial institutions who are sending and/or
Read More
Banking compliance consultant Simon Lelieveldt, who has worked for the DNB and as a Dutch financial historian, said the two entities are trying to be proactive and not repeat past mistakes. Regulators are under pressure from critics who say lax oversight, particularly concerning the Netherlands largest bank, ING, led to
Read More
Regulators are clamping down on cryptocurrency, and companies around the world are feeling the strain. In late June, one of the most authoritative regulatory organizations worldwide, the Financial Action Task Force (FATF), issued new guidelines on how digital assets should be regulated. While FATF recommendations are not legally binding, the
Read More
VanEck Securities and SolidX Management have come out with a plan to offer their bitcoin exchange-traded fund (ETF). According to a report by the Wall Street Journal on September 3, 2019, the companies intend to offer a limited bitcoin ETF, using the exemption rule provided by the U.S. Securities and Exchange
Read More