Crypto-friendly OCC head steps down
Acting Comptroller Brian Brooks will step down today, according to a statement from the Office of the Comptroller of the Currency (OCC). Current Chief Operating Officer – Blake Paulson, will...
January 14, 2021
Regulation
2021
Visa-backed Anchorage becomes the first federally chartered crypto bank
Visa-backed Anchorage announced on Wednesday that it has become the first-ever cryptocurrency firm to receive a federal charter from the Office of the Comptroller of the Currency. In a statement,...
January 14, 2021
UK regulator warns consumers about risks in crypto investment
UK financial services regulator – FCA has gotten tougher on crypto recently – banning the sale of crypto derivatives to retail investors and warns firms operating in the UK without...
January 12, 2021
2020
FinCEN Proposes Institutions To Report Crypto Transactions Above Threshold
The U.S. Treasury Department’s financial crimes unit – FinCEN – is seeking to address gaps in cryptocurrency transaction reporting by requiring financial institutions and crypto exchanges to report the movement...
December 23, 2020
G7 participants support the need for crypto regulation
One of the main subjects that concern crypto users is digital assets (or cryptocurrency) regulation. The digital asset has been in much of the attention in 2020 by the federal...
December 7, 2020
Georgia’s unique approach to crypto regulation clarity
One of the main subjects that concern both crypto miners and traders is cryptocurrency taxation. One sector that creates a lot of outrage among taxpayers is the presence of value-added...
December 7, 2020
KyberSwap exchange is moving out from EU in response to 5AMLD
KyberSwap, one of the largest non-custodial cryptocurrency exchange is moving out of Malta to the British Virgin Islands. According to an email sent by KyberSwap to its registered users on...
January 17, 2020
CFTC is unclear whether Ripple is a security or a commodity
In an interview with the News outlet Cheddar, the Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has said that it is not clear whether XRP is a security or...
January 14, 2020
2019
South Africa prepares new rules to stop crypto from being used to evade currency controls
Reserve Bank of South Africa is planning to introduce a new rule regarding the use of crypto, in a bid to stop their use to evade currency controls. The rules...
December 2, 2019
German banks allowed to sell and store crypto. How it may benefit Bitcoin?
A new business area opened up for German banks. Starting in 2020, German banks can sell and have custody of Bitcoin and other crypto-assets. Earlier German banks were not allowed...
December 1, 2019