Bitcoin Suisse Denied For Swiss Banking License
Bitcoin Suisse’s application for a license has hit a roadblock as the Swiss Financial Market Supervisory Authority may likely not sign the approval. The Swiss regulator announced that the current application of Bitcoin Suisse is not eligible for approval due to
Texas Issues Cease-Desist Orders To Three Crypto Platforms
The Texas State Securities Board (TSSB) has clamped down on three unregistered investment and cryptocurrency platforms with cease and desist orders. The orders were issued to FxSmart-Robots, Digitaly Invest and Delta Crypt Limited. According to the order, they are to cease
South African Regulations Tighten On Cryptocurrency
South African financial watchdog, the Financial Sector Conduct Authority (FSCA), wants to intensify efforts to regulate all digital assets in the country. The proposal is coming following the recently increased market activities within the crypto sector and the rise in fraud
Chinese Residents Benefit From Digital Yuan P2P Test
Although China may not be disposed to completely accepting Bitcoin and cryptocurrencies, the country’s position on its digital Yuan is no longer news. In August we reported about completed testing of the Digital Yuan. In the latest development, China will now
Early Bitcoin Mixer Fined $60 Million
According to a recent announcement by the US Treasury's FinCEN (Financial Crimes Enforcement Network), the owner of early Bitcoin mixers Helix and Coin Ninja was fined $60 Million. The founder, Larry Dean Harmon, was accused of using his mixing services for
Ripple Could Leave U.S. if Regulatory Environment Fails To Improve
Ripple Executive Chairman Chris Larsen hinted that the company may pull out of the U.S. if the country’s regulatory bodies continue to stay very hostile towards cryptocurrency businesses. The chairman made this statement during the LA Blockchain summit yesterday. He mentioned
FinCEN Director Warns Banks of Risks
Money laundering and other illicit activities being carried out with and funded by Bitcoin and other cryptocurrencies has been a staple complaint of governments and financial regulators alike. These authorities and regulators around the world are having serious challenges keeping down
Stricter Crypto Regulations Coming to Russia
Secure Crypto With Ledger As cryptocurrency becomes more mainstream, the regulations that governments and financial regulators across the globe will try to impose will increase. Even now there has been no shortage of regulations of investors in the crypto space. Some of
New U.S. Regulatory Framework Benefits Crypto Exchanges
Buy, Sell, Trade Bitcoin in U.S. We have been the first to complain about the United States being behind the times when it comes to blockchain and cryptocurrency. But now it looks like some regulators might be taking a step in
Iran’s General Recommends Crypto To Bypass Sanctions
Cryptocurrencies are well-known for various use cases, some of which are already available in practice. While many of the various uses for cryptocurrency hold the potential to move the global economy in a positive direction, there are also some uses