Ethereum Co-Founder Lubin: Cryptocurrencies Should Stay ‘Unfettered” from Regulations

It’s a tricky balance, but Ethereum Co-Founder Joseph Lubin believes the cryptocurrency market should embrace regulators though he also points out it’s vital not to stifle innovation. Lubin, who is at the helm of ConsenSys, welcomes regulators into the cryptocurrency space both in the United States and in other parts of the world. He made the comments

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Cryptocurrency is a ‘Token’, We Won’t Call it a Currency: South Africa’s Central Bank

South Africa’s central bank is choosing to call cryptocurrencies like bitcoin as ‘cyber-tokens’ rather than currencies, arguing they do not ‘meet the requirements of money’. The South African Reserve Bank (SARB), the country’s central bank, prefers to see cryptocurrencies as ‘tokens’ rather than currencies according to deputy governor Francois Groepe. As things stand, the authority

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Singapore Warns 8 Crypto Exchanges Against Unauthorized Securities Trading

Singapore’s central bank and financial regulator has warned eight crypto exchanges against facilitating the trading of digital tokens deemed as securities and futures contracts without prior approval. In an announcement today, the Monetary Authority of Singapore (MAS) revealed it had reminded eight unnamed crypto trading platforms to seek its authorization prior to offering any trading

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US Government Opens Criminal Probe into Bitcoin Price Manipulation: Report

The United States’ Justice Department has reportedly opened a criminal investigation into possible market manipulation of prices of cryptocurrencies including bitcoin by traders. Citing sources familiar with the probe, Bloomberg is reporting that the United States Department of Justice (DOJ) is working alongside the Commodities and Futures Trading Commission (CFTC), the markets regulator, to focus

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‘Operation Cryptosweep’: ShipChain Ordered to Cease and Desist in South Carolina

The securities division of the South Carolina’s Office of the Attorney General has ordered blockchain startup ShipChain to stop operating in the state. The securities commissioner sent a cease-and-desist order to the company for allegedly violating securities laws. According to the order, ShipChain, which is a freight logistics platform built on the Ethereum blockchain, has

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SEC Chair Jay Clayton Applauds Operation Crypto Sweep’s Crackdown on ICO Scams

Jay Clayton, chairman of the U.S. Securities and Exchange Commission, praised state-level regulators across the United States and Canada for cracking down on cryptocurrency fraud through their joint task force — “Operation Crypto Sweep.” “I applaud our fellow regulators in the United States and Canada who are coordinating and participating in efforts to police fraud

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The UK’s Cryptoassets Taskforce Agrees on Key Objectives in First Meeting

The British government’s newly-established cryptocurrency task force has held its first meeting ahead of assessing what, if any, regulation is required for broad crypto and blockchain sector. The UK government’s ‘Cryptoassets Task Force’ – comprised of Her Majesty’s Treasury alongside the Bank of England and the Financial Conduct Authority (the central bank and the financial

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Coincheck to Delist Privacy Coins Monero, Zcash, and Dash

Japanese cryptocurrency exchange Coincheck has will delist trading pairs for privacy-centric cryptocurrencies monero (XMR), zcash (ZEC), and dash (DASH) next month. The Tokyo-based exchange, which was purchased by brokerage firm Monex following a high-profile January hack that saw the platform lose $530 million in NEM tokens (XEM), announced on Friday that it will no longer

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Kazakhstan President Calls for Global Rules on Cryptocurrencies under UN Oversight

The president of Kazakhstan, Nursultan Nazarbayev, is urging the global community to work together to draft common rules regarding the use of cryptocurrencies. Nazarbayev said the current, disparate regulatory guidelines around the world cause confusion and inefficiency. “It is necessary to start developing common rules,” Nazarbayev said May 17 at the 2018 Global Challenges Summit, as reported by

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India’s Supreme Court Claims All Petitions Against Central Bank Crypto Blockade

The Supreme Court (SC) of India has barred all high courts from filing petitions against the central bank’s (RBI) crypto-curbing circular from April. The court also is clubbing all pending petitions, to be transferred to the SC. As cryptocurrency adopters, exchanges and advocacy groups move various high courts (HC) across the country in filing petitions

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