rules

Head of Australian Crypto Exchange Says Regulations Are Beneficial

Source Node: https://beincrypto.com/head-of-australian-crypto-exchange-says-regulations-are-beneficial/
Time Stamp: September 15, 2021 6:45 PM - Modified On: September 15, 2021 - Published By:
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The head of the popular Australian cryptocurrency exchange BTC Markets says crypto regulations provide benefits to the industry. Sponsored Sponsored In the global race for cryptocurrency adoption, regulations, and innovation Australia seeks its own piece of the action. According to the CEO of the country’s largest crypto exchange the country could get left behind without proper action.  Caroline Bowler is CEO of the exchange BTC Market. In an interview with Bloomberg she said it would be a “real shame for Australia if we don’t take this bull by the horns.”Sponsored Sponsored

Cuba Recognizes Cryptocurrencies | This Week in Crypto – Aug 30, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-30-2021/
Time Stamp: August 30, 2021 1:00 AM - Modified On: August 30, 2021 - Published By:
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 MicroStrategy buys more bitcoin, Cuba recognizes cryptocurrencies and free BTC for everybody in town…but which town? These stories and more this week in crypto. NASDAQ-listed business intelligence company MicroStrategy announced yet another substantial purchase of Bitcoin, this time worth nearly $200 million. The firm added 3,907 bitcoin to its stash, at an average price of just over $45000 per coin bringing its total holdings to nearly 109,000 bitcoins. Cuba will recognize and regulate cryptocurrencies citing “reasons of socio-economic interest.” The central bank will set new rules for how to

Cuba agrees to regulate, recognize cryptos citing ‘socio-economic interest’

Source Node: https://ambcrypto.com/cuba-agrees-to-regulate-recognize-cryptos-citing-socio-economic-interest/
Time Stamp: August 27, 2021 7:30 PM - Modified On: August 27, 2021 - Published By:
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Two weeks ahead of El Salvador’s official adoption of Bitcoin as legal tender, another Latin American nation has decided to officiate the use of cryptocurrencies. According to recent reports, the Cuban government has said that it wants to “recognize and regulate” the use of digital assets in the nation. A resolution was published in the nation’s Official Gazette today, one which revealed that the Cuban Central Bank will soon be implementing rules for the use of cryptocurrencies. Additionally, it will also be determining the licensing requirements for crypto-service providers within

Cuban government says it plans to regulate cryptocurrencies

Source Node: https://www.theblockcrypto.com/linked/115879/cuban-government-says-it-plans-to-regulate-cryptocurrencies?utm_source=rss&utm_medium=rss
Time Stamp: August 27, 2021 3:47 PM - Modified On: August 27, 2021 - Published By:
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advertisement Cuba is planning to regulate cryptocurrencies, according to a resolution published in its official national gazette on August 26th that was covered by the Associated Press and several other outlets.According to the text, the resolution aims to establish rules for regulating the use of virtual assets, as well as granting licenses to service providers dealing with said assets. It would allow the Bank of Cuba to authorize virtual assets and service providers “for reasons of socioeconomic interests.” In this case, virtual assets refer to the “digital representation of value”

Former SEC Chairman Says Crypto Fits Existing Legal Framework

Source Node: https://beincrypto.com/former-sec-chairman-crypto-fits-legal-framework/
Time Stamp: August 20, 2021 7:34 AM - Modified On: August 20, 2021 - Published By:
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According to a recent email exchange, ex-SEC Chairman Jay Clayton sees the existing U.S. regulations as a good model for crypto rules. Sponsored Sponsored Jay Clayton spent a few years as the chairman for the U.S. Securities and Exchange Commission, which Gary Gensler now heads. In light of the recent bipartisan bill passed by the Senate, crypto regulations are the industry’s hot topic.  If the wording in the bill is left as-is after its hearing in the House, this could mean a major disruption to the crypto space. When asked about

Biggest DeFi Hack in History | This Week in Crypto – Aug 16, 2021

Source Node: https://99bitcoins.com/bitcoin-news-summary-aug-16-2021/
Time Stamp: August 16, 2021 1:00 AM - Modified On: August 16, 2021 - Published By:
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The biggest DeFi hack in history takes an unexpected turn, Venmo introduces crypto cashback and can you guess where the Bitcoin Family hides their BTC? These stories and more this week in crypto. The Poly Network was the victim of a cyberattack from which $600 million in digital assets was stolen, making it the biggest DeFi hack in history. Poly Network called on crypto exchanges to blacklist any tokens coming from the hacker’s addresses, but in a strange turn of events, the hacker has since returned the stolen funds, claiming

Ted Cruz says crypto got ‘screwed’ after senate votes on infrastructure bill

Source Node: https://cryptoslate.com/ted-cruz-says-crypto-got-screwed-after-senate-votes-on-infrastructure-bill/
Time Stamp: August 10, 2021 1:00 PM - Modified On: August 10, 2021 - Published By:
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In an occurrence with effects yet to be fully determined, US democrats have objected to moves to make further amendments to the crypto tax provision in the infrastructure bill. Senator Cruz reflects on crypto bill provisionTed Cruz, the lawmaker representing Texas at the United States Senate, revealed this in a tweet on Monday. “Crypto got screwed tonight,”he wrote, noting that the disagreement over the issue of spending took a partisan dimension with Democrats voting against its change.🚨Crypto got screwed tonight.🚨There’s a partisan disagreement on spending, so Dems objected to ALL further amendments.That

Cardano Founder Charles Hoskinson Calls For Mass Rally Against U.S. Crypto Taxation Bill

Source Node: https://cryptopotato.com/cardano-founder-charles-hoskinson-calls-for-mass-rally-against-u-s-crypto-taxation-bill/
Time Stamp: August 10, 2021 11:35 AM - Modified On: August 10, 2021 - Published By:
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Charles Hoskinson, Cardano’s founder and CEO of blockchain research company Input Output Hong Kong (IOHK), has urged the U.S. crypto community to rally against the recently proposed taxation policy. Hoskinson first took it to Twitter earlier this week, calling on digital asset proponents in the U.S. to rally in Washington DC to vent their grievances against the bill. This would be a bid to convince the country’s senators to amend the Internal Revenue Services (IRS) reporting rules for cryptocurrencies. “I think it’s about time we get a rally going in

Beginner’s Guide to Investing in Cryptocurrency

Source Node: https://e-cryptonews.com/beginners-guide-to-investing-in-cryptocurrency/
Time Stamp: August 9, 2021 11:51 AM - Modified On: August 9, 2021 - Published By:
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Investing in Cryptocurrency is gaining rampant popularity across the world, especially with the skyrocketing profits that people are experiencing with investments. However, people aren’t being logical about the same. For the most part, people are investing in Bitcoin because some people have gained tremendous profits from it. However, this is where most people are going wrong. You can be good and lucky with your bet on tennis but investing in cryptocurrency requires proper knowledge.Here, we will be walking you through some of the most common practices you need to follow

Nugenesis Ecosystems – Upholding the Principles of Monotheism Financial Practices, Paving the Way for Future Application of Islamic and Non-usury Banking

Source Node: https://themerkle.com/nugenesis-ecosystems-upholding-the-principles-of-monotheism-financial-practices-paving-the-way-for-future-application-of-islamic-and-non-usury-banking/
Time Stamp: July 19, 2021 6:38 PM - Modified On: July 19, 2021 - Published By:
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Islamic scholars have long had major issues with whether cryptocurrency is permissible, and is it equal or more appropriate to Islamic finance than Fiat?All Monotheism religions have strict rules around finance, and it historically defines currency as commodities with intrinsic value — gold, silver, metals, tradable products, etc.Some may argue that government-issued fiat currencies do not have any intrinsic value and may be incompatible with a careful interpretation of Sharia law. This would pose a problem for the burgeoning Islamic finance industry, which aims to produce financial returns in compliance