Trump’s Currency War With China Could Be Bitcoin’s Do-or-Die Moment

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. The global economy faces its biggest crisis in 11 years. In theory, this should be bitcoin’s […]

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Derivatives Drama: The Unintended Consequences of Crypto Regulation

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free weekly newsletter for institutional investors interested in crypto assets. Sign up here. Last week’s kerfuffle over the launch-that-wasn’t of LedgerX’s physically delivered futures […]

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Senior CFTC Official Who Set Bitcoin Futures Policy Is Leaving: Report

The U.S. Commodity Futures Trading Commission (CFTC) is losing another senior level staffer. Bloomberg Law reports Friday that a number of sources have said Amir Zaidi, director of the CFTC’s Division of Market Oversight (DMO), is to leave the regulator within weeks. Zaidi had been in the post since early in 2017 and was the official responsible […]

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SBI Holdings’ Crypto Exchange Adopts New Tech to Help Meet FATF Standards

VC Trade, the Japan-based crypto exchange launched by SBI Holdings last year, is integrating new technology to help it comply with international customer verification standards issued by the Financial Action Task Force (FATF) in June. The solution is provided by blockchain security company CoolBitX, which has developed a wallet product based on its know-your-customer (KYC) and […]

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New Jersey Calls Two ICOs ‘Fraudulent Securities,’ Issues Stop Order

New Jersey’s Bureau of Securities has announced enforcement action against two state-based initial coin offerings. Today, Canadian and American regulators coordinated under the North American Securities Administrators Association (NASAA) and executed by New Jersey officials have issued emergency orders against Zoptax and UNOcall, two NJ-based ICOs. Part of “Operation Cryptosweep,” the Bureau of Securities alleges […]

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UK Financial Watchdog Issues Full Guidance on Crypto Assets

The U.K. Financial Conduct Authority (FCA) has finalized its guidance on crypto assets, clarifying which tokens fall under its jurisdiction. Most of the rules issued Wednesday were proposed in consultation paper CP19, which was released for public comment in January. As widely expected, the final guidance does not drastically alter the regulatory landscape, instead specifying […]

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UK Lawmakers May Probe Facebook Libra Over Privacy, Fraud Concerns

A parliamentary committee in the U.K. may move to probe Facebook’s Libra cryptocurrency project over fears it will wield too much power. Speaking to Financial News, Damian Collins, chair of the House of Commons’ Digital, Culture, Media and Sport Committee, said, given the company’s past poor record on privacy, he has concerns that Facebook can adequately […]

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Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair

Libra is a security, says a former Commodity Futures Trading Commission (CFTC) chairman in prepared remarks to the U.S. House of Representatives. Gary Gensler, who chaired the CFTC from 2009 to 2014 and previously held leadership roles at the U.S. Treasury Department, says in written testimony that Facebook’s new cryptocurrency project looks like an investment […]

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China Should Prepare Digital Yuan to Counter Facebook Libra: Ex-PBoC Chief

Faced with the possibilities and threat posed by Facebook’s Libra cryptocurrency project, China’s central bank should rethink its plan for a national digital currency, according to its former head. As reported by the South China Morning Post, former People’s Bank of China (PBoC) governor Zhou Xiaochuan said at an event in Beijing this week that, with […]

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Bridging the Gap Between Bitcoin and Global Regulators

Shin’ichirio Matsuo is a research scientist in cryptography and information security at Georgetown University and a co-founder of the BSafe.network, a global blockchain research test network used by 25 universities. Since 2015, when bitcoin became an issue for regulators like the state of New York, the regulation of cryptocurrency (the G20 now calls it as […]

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