Regulations and exchange delistings put future of private cryptocurrencies in...
At a time when privacy tools and coins have become the primary target of regulators around the world, the future of privacy-focused coins looks obsolete. The core principles of cryptocurrency were based on financial independence, decentralization and anonymity. With regulations being the key to mass adoption, however, the privacy aspect of the crypto market seems to be in jeopardy.In 2022, even though no particular country has come up with a universal regulatory outline that governs the whole crypto market, most countries have introduced some form of legislation to govern a few aspects of....
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2017 will be the year where many more substantial changes happen. These changes will affect the future of cryptocurrencies. Big Changes in 2017. We’ve seen some great developments across the cryptocurrency landscape these past few years. Recent changes have made the cryptocurrency scene even livelier than anticipated. As reported before, more than 2.3 billion people can now shop on Amazon using Bitcoin. New regulations are being put in place by Europol, Interpol and the Basel Institute to protect Bitcoin exchanges and users. 2017 will be the year where many more substantial changes happen.....
As delisting for privacy coins spreads, advocates argue that not only should regulators want them on exchanges but they should tell exchanges what they need to do to be compliant.
Rod Drury, the CEO of New Zealand-based multi-billion dollar software and accounting service provider Xero, stated in a recent interview that private Blockchain networks currently being developed by banks and financial institutions are essentially a solution looking for a problem. Are private Blockchains necessary? The argument behind the development of private Blockchain networks and platforms that banks and financial institutions provide is that strict international and domestic financial regulations disallow the deployment of decentralized networks. Most regulatory frameworks....
The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body.
Federation Council to Prepare New Regulations for Cryptocurrencies in Russia
The Federation Council, the upper house of Russian parliament, is establishing a working group of experts to take on the task of developing additional regulations for Russia’s growing crypto space.....
Many people argue that private blockchains, run by private firms, are useless, since they make users dependent upon a third party ‒ the firm managing the blockchain. Many believe that private blockchains currently being considered are not blockchains, but rather, distributed ledger technology which has already existed. Others believe private blockchains could provide solutions to many financial enterprise problems that Bitcoin does not, such as abiding by regulations such as the Health Insurance Portability and Accountability Act (HIPAA), anti-money laundering (AML) and know-your-customer....