policy

This Country is promoting Crypto businesses, but here is the Catch

Source Node: https://coingape.com/this-country-is-promoting-crypto-businesses-while-imposing-strict-regulations-and-hefty-taxes/
Time Stamp: November 19, 2021 4:14 AM - Modified On: November 19, 2021 - Published By:
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The government of Laos issued exclusive crypto regulation guidelines this Tuesday, encouraging cryptocurrency mining operations and trading platforms in the nation, but assuring that the government also benefits from the industry. While attempting to pull off a rather commercial move as something charitable, Laos’ Minister of Technology and Communications, Dr. Boviengkham Vongdara backed the new guidelines, noting that the regulations are aimed at protecting legitimate rights and interests of both operators and users. Native and Financially proficient Crypto businesses allowed to operate According to the updated crypto policy, crypto mining

Bank of England’s Cunliffe: Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now

Source Node: https://news.bitcoin.com/bank-of-englands-cunliffe-crypto-threat-financial-stability-urges-regulators-to-act-now/
Time Stamp: November 16, 2021 1:30 AM - Modified On: November 16, 2021 - Published By:
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Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at a rapid rate. He urges regulators to take action now. Bank of England’s Jon Cunliffe Warns Crypto Is Closer to Becoming a Threat to Global Financial Stability Sir Jon Cunliffe, Bank of England’s deputy governor for financial stability, talked about bitcoin and cryptocurrencies in general on BBC’s

SEC Files Action Against Terraform Labs CEO Do Kwon Regarding Mirror Protocol

Source Node: https://www.bitcoinnewsminer.com/sec-files-action-against-terraform-labs-ceo-do-kwon-regarding-mirror-protocol/
Time Stamp: November 15, 2021 4:38 AM - Modified On: November 15, 2021 - Published By:
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The United States Securities and Exchange Commission (SEC) has introduced an action against Terraform Labs, the company behind the design of the Terra blockchain, and its co-founder and CEO Do Kwon. The SEC is seeking an order for Kwon to comply with a series of subpoenas he has failed to address. The investigative subpoenas seek Kwon’s testimony and the production of documents from Terraform Labs SEC Acts Against Terraform Labs and Do Kwon The United States Securities and Exchange Commission (SEC) has taken the next step in its battle against

French AMF Slaps €300K Fine on Polish Broker XTB

Source Node: https://www.financemagnates.com/forex/regulation/french-amf-slaps-e300k-fine-on-polish-broker-xtb/
Time Stamp: November 10, 2021 7:24 AM - Modified On: November 10, 2021 - Published By:
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The Sanctions Commission of the French financial markets regulator, the Autorite des Marches Financiers (AMF), has issued a warning against X-Trade Brokers (XTB) and also imposed a penalty of EUR 300,000 on the broker for breaches of its professional obligations in France.XTB is a Poland-headquartered broker and operates in France by passporting its Polish license. According to the regulator’s announcement, the breaches were made under the activity of XTB’s French branch between November 2013 and February 2020.Major BreachesThe Commission penalized the broker for three major breaches: shortcomings in service promotion,

Paraguay Eyed as New Bitcoin Mining Destination

Source Node: https://www.bitcoinnewsminer.com/paraguay-eyed-as-new-bitcoin-mining-destination/
Time Stamp: November 2, 2021 5:38 AM - Modified On: November 2, 2021 - Published By:
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Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were eight Chinese economic groups interested in coming to the country. Paraguay Considered for Its Bitcoin Mining Potential Paraguay, an often overlooked country of South America, has recently been in the sights of mining institutions interested

Paraguay Eyed as New Bitcoin Mining Destination

Source Node: https://news.bitcoin.com/paraguay-eyed-as-bitcoin-mining-destination/
Time Stamp: November 2, 2021 5:30 AM - Modified On: November 2, 2021 - Published By:
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Republished By Plato

Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were eight Chinese economic groups interested in coming to the country. Paraguay Considered for Its Bitcoin Mining Potential Paraguay, an often overlooked country of South America, has recently been in the sights of mining institutions interested

IMF now the latest to warn against cryptos opening ‘unwanted doors’

Source Node: https://ambcrypto.com/imf-now-the-latest-to-warn-against-cryptos-opening-unwanted-doors/
Time Stamp: October 2, 2021 7:30 AM - Modified On: October 2, 2021 - Published By:
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A handful of cryptocurrency exchanges have suddenly become billion-dollar companies. An explosion in Bitcoin’s popularity has supercharged previously small-time platforms into powerhouses generating millions of dollars in revenues. And, it’s not just Bitcoin either, with other altcoins recording immense surges as well. Source: IMF Crypto is “risky” and opens “unwanted doors” The same was the subject of a blog recently published by the IMF (International Monetary Fund). The report observed, “The total market value of all the crypto-assets surpassed $2 trillion as of September 2021—a 10-fold increase since early 2020.

Powers On… Don’t worry, Bitcoin’s adoption will not be stopped

Source Node: https://cointelegraph.com/magazine/2021/09/30/powers-on-bitcoins-adoption-will-not-be-stopped
Time Stamp: September 30, 2021 9:08 AM - Modified On: September 30, 2021 - Published By:
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In a series of  recent interviews and speeches, United States Securities and Exchange Commission Chairman Gary Gensler has called the cryptocurrencies market the “Wild West” due to its unregulated and allegedly fraud-filled atmosphere, predicting that the coins were doomed to fail. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches

South African University Professor Urges Country to ‘Finalize Cryptocurrency Policy’ — Warns Against Resisting Crypto

Source Node: https://www.bitcoinnewsminer.com/south-african-university-professor-urges-country-to-finalize-cryptocurrency-policy-warns-against-resisting-crypto/
Time Stamp: September 27, 2021 1:38 AM - Modified On: September 27, 2021 - Published By:
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A professor with the University of Johannesburg, Rabelani Dagada, has urged South Africa to finalize its cryptocurrency public policy if the country still wants to become a hub for digital currency innovation. History Will Repeat Itself In an opinion published by Itweb, Dagada warned South African authorities that the continued efforts to stifle cryptocurrencies will not achieve the intended objectives. He adds that regulators must learn from history that violently opposing an emerging innovation will not kill it. He explained: Technology has prevailed against violent and regulatory opposition. During the

South African University Professor Urges Country to ‘Finalize Cryptocurrency Policy’ — Warns Against Resisting Crypto

Source Node: https://news.bitcoin.com/south-african-university-professor-urges-country-to-finalize-cryptocurrency-policy-warns-against-resisting-crypto/
Time Stamp: September 27, 2021 12:30 AM - Modified On: September 27, 2021 - Published By:
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A professor with the University of Johannesburg, Rabelani Dagada, has urged South Africa to finalize its cryptocurrency public policy if the country still wants to become a hub for digital currency innovation. History Will Repeat Itself In an opinion published by Itweb, Dagada warned South African authorities that the continued efforts to stifle cryptocurrencies will not achieve the intended objectives. He adds that regulators must learn from history that violently opposing an emerging innovation will not kill it. He explained: Technology has prevailed against violent and regulatory opposition. During the