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Despite being home to the NYSE and NASDAQ, which comfortably lead the rest of the planet in terms of exchange volumes, the U.S. has conceded its initial crypto exchange leadership position to Asia. While U.S. exchanges—such as Poloniex—once recorded the highest volumes, a new breed of hard-driving Asian exchanges—such as Binance and Huobi—now lead the pack,…
CoinDesk’s Nolan Bauerle goes one-on-one with the man whose regulatory oversight extends to the commodities and futures markets – including cryptocurrency.
As regulators are now seemingly dividing the markets geographically, are they perhaps even disturbing a possible level playing field of the markets? It, therefore, warrants a closer look at regulators, and—perhaps more importantly—ascertain what sets them apart. The past few months we have seen regulators taking positions when it came to cryptocurrencies, ICOs, and the…
Last year the U.S. Securities Exchange Commission took enforcement action against initial coin offerings and other crypto companies perpetrating fraud. Many believe 2019 will be the year when regulators clamp down on rogue cryptocurrency operators. Here we decode the overlapping and occasionally contradictory stance taken by U.S. regulators, and consider what the market can expect.…
The questions on ethereum the CFTC put to the public show that the regulator has been considering derivatives on cryptocurrencies other than bitcoin – they also point to a new collaborative approach to sector oversight.
The world’s second largest stock exchange, Nasdaq, is reportedly planning to introduce a Bitcoin futures market within the first quarter of 2019. The Bitcoin market has plunged by more than 80 percent across the spot markets, data from CryptoSlate has shown, but it hasn’t deterred the world second largest stock exchange from eyeing the lucrative…
Paris-based global money laundering watchdog organization Financial Action Task Force (FATF) laid out requirements on Friday for jurisdictions across the globe, saying they would have to license or regulate their crypto exchanges. FATF amends its global Standards to address the regulation of virtual assets and prevent their misuse for #moneylaundering and #terroristfinancing ➡️https://t.co/R5R7j484Td pic.twitter.com/mOqeY25aJd —…
A U.S. federal judge has ruled that My Big Coin is a virtual currency meeting the definition of a commodity, which falls within the jurisdiction of the Commodity Futures Trading Commission (CFTC). This allows the regulator to pursue fraud charges involving the cryptocurrency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Judge…
The rise of the internet in the 1990’s brought concerns about pirated software and various illegal activities, but as internet usage grew, these concerns largely fell by the wayside. Today, we see much of the same happening to the cryptocurrency industry and its growing image problem. Shady business practices, high-profile hacks, environmental challenges, speculation, market…
In recent regulatory news, the CFTC chairman has warned that the regulator is falling behind its international counterparts with regards to virtual currency and blockchain regulations; a U.S. Congressional bill is advocating the incorporation of cryptocurrencies into the regulatory mandate of FinCEN; and a candidate of the Wisconsin Libertarian Party is accepting donations in the…
