Bitcoin comes under US regulator radar
US financial regulators are considering the regulation of Bitcoin. Bart Chilton of the Commodity Futures Trading Commission (CFTC) told the Financial Times and Reuters that the organisation is 'seriously considering' regulation and 'if they wanted to', they could regulate it. Bitcoin is not a derivative and the CFTC only has a remit to regulate derivatives. But the US Treasury Department has already said that Bitcoin exchanges would come under existing regulations that prevent money laundering. While outcome of US regulation plans around bitcoin is still unclear, the fact that regulators....
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The Korea Financial Intelligence Unit (KoFIU) has decided to pursue some crypto firms that lack proper regulatory approval. A total of 16 firms have been in the regulator’s radar as they have not aligned with the regulatory approval. These firms had advertised crypto and and had offered the services to the Koreans without having appropriate […]
Bitcoin & the Blockchain is the first of a series of O'Reilly Radar Summits, one-day events on disruptive technologies that are on the cusp of commercial viability. This first Radar Summit will offer an overview of crypto currency, security and compliance, payments, smart contracts, and a glimpse into the future of bitcoin. The Summit will be held in the Herbst Pavilion at Fort Mason, a unique art, performance, and meeting space on San Francisco's waterfront in the Golden Gate National Recreation Area.
“This has been on our radar since late last year,” said California’s Fair Political Practices Commission communications director Jay Wierenga. A California state regulator may be looking at overturning a ban on cryptocurrency donations to political campaigns which has been in effect since 2018.According to its May 2022 agenda, California’s Fair Political Practices Commission, or FPPC, has scheduled a “pre-notice discussion” on Thursday on the use of cryptocurrencies f campaign contributions in the state. The commission said it will be considering drafting amendments to its regulations....
An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition is designed to ensure financial stability is maintained within the economic bloc. COBAC to Set Up System to Identify Crypto Transactions An African regulator, the Banking Commission of Central Africa (COBAC), has reminded members of a regional economic bloc that includes the Central African Republic (CAR) that its ban on cryptocurrencies remains in effect. The regulator’s latest....
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