EU Officials Approach Blockchain Regulation ‘Softly’
According to a report from Reuters, European Union lawmakers are going to take regulating blockchain technology and associated businesses lightly for the time being. EU officials say they will take the “softly approach” to applying a monetary policy to these emerging markets in order to curb stifled innovation. On April 26, EU authorities are set to agree on approaching the blockchain technology industry with little regulation. The caution lawmakers and regulators are taking is because they want the region to succeed in the fintech global race. Jakob von Weizsaecker, a German member of the....
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Brazilian Bitcoin Regulation: A new study looking at the economic impact of Bitcoin on behalf of Brazil's Federal Senate has advised against the regulation of digital currencies - at least for now. The 18 page report by Cesar Rodrigues van der Laan has been hailed by some digital currency enthusiasts for recommending a 'Bitcoin friendly' approach to regulation, but at the same time presents a generally pessimistic analysis of Bitcoin's chances of future success within the Brazilian economy. "Given their limited current range, especially in Brazil, we do not see systemic risk to the....
Pseudonymity feature has done well for the crypto industry in the beginning, but for further development, regulation is a must. Yet, the majority of over 10,000 cryptocurrencies are irregulatable because of a false notion that regulation will hamper the growth of the cryptocurrency industry globally. The approach of seeing regulation as an enemy of crypto […]
A commissioner with the Commodity Futures Trading Commission (CFTC), Dawn Stump, has voiced concerns about cryptocurrency regulation through enforcement — the approach taken by both the CFTC and the U.S. Securities and Exchange Commission (SEC).
CFTC Commissioner Stump on Crypto Regulation
CFTC Commissioner Dawn Stump has raised concerns regarding the approach her agency and the U.S. Securities and Exchange Commission (SEC) are taking to regulate the crypto industry. The commissioner is a vocal proponent of clarifying guidelines for crypto assets.
In an....
Officials at HM Treasury are reportedly studying how to tax bitcoin trades, it is being reported. The kick in the rear comes from Karl McCartney, member of parliament, who asked what the country is doing in terms of financial regulation of the emerging would of digital currency. McCartney feels officials are being too slow to address regulatory concerns. David Guake, Treasury Minister, confirmed that discussions regarding the taxation of bitcoin trades are ongoing with "stakeholders", with the possibility that a VAT will be applicable on all bitcoin trades. Such a tax could be in the....
The head of global equity strategy at Jefferies, an investment bank and asset management firm, says that cryptocurrency regulation in the U.S. would “ultimately be very positive” for bitcoin or other crypto assets. It will also be more accommodating than China’s authoritarian approach to crypto regulation. US Regulation Would ‘Ultimately Be Very Positive’ for Mass Adoption of Bitcoin, Cryptocurrencies Christopher Wood, Head of Global Equity Strategy at Jefferies, discussed cryptocurrency regulation in his most recent weekly research note, Greed & Fear.....