Security Regulation Within the Crypto Currency Business
In recent weeks, the crypto currency sector has been getting much media attention concerning security. Several exchanges have announced they are undergoing security investigations into possible hacking, resulting in the loss of many bitcoins. This brings into question what security measures are in place. Information Security Fundamentals. Within the information security profession, high focus is placed on confidentiality, integrity and availability of information and their systems. Confidentiality is about who or what has access to information stored within the system and when. The....
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The world of Bitcoin and digital currency is plagued by regulatory uncertainty across the globe. Several countries are debating on how they should regulate Bitcoin, while other countries are focusing on taxing digital currency. In the United States, regulation depends on which state your business operates in. But the American Bar Association may change all of that in the near future. The Current State of Bitcoin and Digital Currency Regulation. If there is one thing the looming Bitcoin regulation has shown us, it is that the subject is far harder to tackle than most people assumed at....
Regulation in the world of Bitcoin and cryptocurrency is often seen as a double-edged sword. But if Circle has a say in the matter, more regulation will be beneficial, and it is direly needed as well. The benefit of regulating Fintech and Bitcoin is how it would give both industries a more legitimate appeal. Far too often, media outlets and consumers see....
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) had dominated headlines for years, with XRP in the spotlight over its potential classification as a security. Now that the legal dispute is over and XRP has been definitively cleared as non-security, experts argue that Ripple’s greatest success extends far beyond XRP regulation. […]
Following the BitLicense framework in New York, another US state is considering implementing legislation for bitcoin legislation. According to the California Department of Business Oversight (DBO), it has decided not to exercise its authority to regulate bitcoin and digital currencies. Instead, the agency will leave this up to state legislature. However, DBO spokesperson Tom Dresslar said that they haven't finalized their decision. "We're still in the process of how or if at all to regulate virtual currency business under our current statutory scheme," he explained. California Bitcoin....
The Brazilian crypto market has seen a lot of growth in recent months, and it looks like an ambitious private member’s bill could help regulate this booming business by the end of this June. MP’s will be voting next week Tuesday for whether or not they want to pass regulations that would provide more security […]