Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

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According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency…

Prominent Investor: Not a Dime Will Come to Crypto Until Regulators are On Board

Prominent Investor: Not a Dime Will Come to Crypto Until Regulators are On Board

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Shark Tank star Kevin O’Leary, AKA “Mr. Wonderful”, said on CNBC’s Fast Money that he firmly believes not a dime from institutional investors will come into the crypto market, at least in the short-term. Custodianship Isn’t Enough, Regulators Have to be On Board Over the past 12 months, especially in early 2018, the narrative of…

A US Election Probe Implicated Bitcoin – And the Reaction Was Swift

A US Election Probe Implicated Bitcoin – And the Reaction Was Swift

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The revelation bitcoin may have played a role in one of the biggest U.S. elections scandals has crypto supporters and mainstream pundits talking.

Federal Judge Wavers As CFTC Seeks Injunction in Crypto Fraud Case

Federal Judge Wavers As CFTC Seeks Injunction in Crypto Fraud Case

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The CFTC is wrapping up its case against accused fraudster Patrick McDonnell – but the hearings in New York this week have been anything but simple.

Indian Central Bank Responds About Crypto Restrictions

Indian Central Bank Responds About Crypto Restrictions

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India’s central bank has responded to a representation about its crypto banking ban. The Supreme Court gave the central bank seven days to reply following a hearing last week of the petition by the Internet & Mobile Association of India against the ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Response India’s…

Chinese Yuan Now Below 1% of Total Bitcoin Trading Volume, Down From Peak of 90%

Chinese Yuan Now Below 1% of Total Bitcoin Trading Volume, Down From Peak of 90%

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In an attempt to stem growing enthusiasm for cryptocurrency trading among the Chinese public, the Chinese government has been cracking down hard on cryptocurrency traders and speculators, banning cryptocurrency exchanges and outlawing ICOs. Zhang Yifeng, a blockchain analyst at Zhongchao Credit Card Industry Development Company said: “The timely moves by regulators effectively fended off the…

Europe’s Top Speed Trading Firm Flow Traders Joins the Crypto-Economy

Europe’s Top Speed Trading Firm Flow Traders Joins the Crypto-Economy

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This week one of Europe’s largest speed trading platforms and exchange-traded fund (ETFs) dealers, Flow Traders NV, announced the firm is entering the cryptocurrency space by offering bitcoin and ethereum exchange-traded notes (ETNs) to its clientele. Also read: Switzerland Considers Granting Crypto Businesses Access to Banking Services Speed Trading Platform Flow Traders Enters the Cryptocurrency Trading…

Presidential Decree Sets the Stage for Legalizing Cryptocurrencies in Uzbekistan

Presidential Decree Sets the Stage for Legalizing Cryptocurrencies in Uzbekistan

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The executive power in Uzbekistan has advanced towards legalizing cryptocurrencies and implementing blockchain technology in both government and economy. A new decree signed by President Mirziyoyev mandates licensing for trading and other activities related to the circulation of digital coins. The document also calls for regulating crypto mining and smart contracts. Also read: No License…

Abu Dhabi Global Market Launches Regulatory Framework for Crypto Activities

Abu Dhabi Global Market Launches Regulatory Framework for Crypto Activities

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The financial authority of Abu Dhabi Global Market has launched a regulatory framework for cryptocurrency activities following the completion of a public consultation. The market’s financial watchdog has also published a guideline explaining how crypto asset activities are now regulated. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Regulatory Framework Launched Abu Dhabi…