Gibraltar Moves to Legalize and Regulate ICOs

208 0 The Government of Gibraltar (HMGoG) and the Gibraltar Financial Services Commission (GFSC) are developing legislation relating to tokenised digital assets (tokens), essentially those created and traded using distributed ledger technology (DLT). After taking into account stakeholder feedback, work has now begun on drafting legislation to regulate: the promotion, sale and distribution of tokens […]

Indian Finance Minister states cryptos not legal tender in Budget speech

241 0 The official statements from Mr. Arun Jaitley, Finance Minister read as follows: “The Government does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto assets in financing illegitimate activities or as part of the payment system. The Government will explore the use of blockchain […]

Russia’s largest State Bank to open Cryptocurrency Exchange in Europe

216 0 Sberbank, the largest state bank of Russia, is planning to launch a cryptocurrency exchange in its Swiss branch, Sberbank Switzerland AG, local media group RBC reported on Tuesday Jan. 30. The bank’s Head of Global Markets Andrey Shemetov told RBC that the Russian bank chose Switzerland for the exchange location because Russian authorities […]

Singapore will not ban Cryptocurrencies

245 0 In a series of fourteen statements published Monday, Feb. 5 in response to questions posed by members of parliament Tuesday, Tharman Shanmugaratnam, deputy prime minister and minister in charge of the regulatory body, the Monetary Authority of Singapore (MAS), confirmed a broadly hands-off policy regarding cryptocurrencies going forward. From his official statement: “(MAS) […]

U.S. Banks ban Crypto purchase via Credit Cards

225 0 U.S. banks Bank Of America, Citigroup, JP Morgan, Capital One and Discover banned their customers from purchasing cryptocurrencies in a move intended to decrease both financial and legal risk. The effect spilled over to the other side of the Atlantic with U.K. banking group, Lloyds following suit. Although cited as a financial and […]

Australian Banks confirm no ban on buying Cryptos

241 0 Unlike their British and American counterparts, Australian banks issued statements about not blocking customer transactions for buying Bitcoin and other cryptocurrencies. While Westpac and ANZ expressed to ABC news that no crypto transactions would be blocked, National Australia Bank suggested it might not allow certain cryptocurrency transactions to proceed if security concerns arise. […]

US Senate hearing has positive effect on Crypto Market

228 0 The cryptocurrency market saw green last week after the horrors of ‘Black Tuesday’(January 16th) when the SEC & CFTC hearing in US Senate on future of virtual currencies turned out to be surprisingly positive. Although no consensus was reached on the exact regulations regarding cryptos, it was acknowledged that blockchain or distributed ledger […]