Yaya J. Fanusie is the director of analysis at the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance. He tweets at @signcurve. Self-policing illicit activity on the blockchain may soon be a necessity for the cryptocurrency space.…
Tag: Regulation
Binance, Bermuda Ink $15 Million Crypto Investment Agreement
Binance plans to set up its new global compliance center in Bermuda over the next few months, Premier David Burt has announced. Speaking at a joint press conference on Friday, Burt announced that a memorandum of understanding has been signed, under which the Binance…
16 Japan Exchanges Pledge to ‘Restore Confidence’ at Regulatory Group Launch
A group of licensed cryptocurrency exchanges in Japan is looking to restore market confidence by adopting self-imposed rules. According to the Japanese news outlet Asahi Shimbun Tuesday, 16 exchanges that are currently registered with Japan’s Financial Services Agency (FSA) have formally launched…
How to Defend Yourself Against Pump-and-Dump Crypto Scams
Tanzeel Akhtar is an independent British journalist whose work has been published in the Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. “Pump and dump” schemes have been around since long before cryptocurrency was invented. What’s striking…
Pakistan Bars Banks from Crypto and ICO Trading
Pakistan’s central bank issued a statement barring financial companies in the country from working with cryptocurrency firms, becoming the latest institution of its kind to bar the activity. In a statement posted to its website (and circulated via social media),…
Report: Kazakhstan’s Central Bank Wants to Ban Cryptocurrencies
The National Bank of Kazakhstan wants to ban cryptocurrency trading and mining in the European nation, its chairman said. Speaking to Sputnik News, Daniyar Akishev said the central bank is “taking [a] very conservative approach” towards cryptocurrencies, looking for “extremely…
What It’s Really Like to Talk to the SEC About Your ICO
It didn’t take long for Scott Nelson to realize he was only non-lawyer in the conference room. There amidst attorneys from various government agencies, including the SEC, the CEO of blockchain startup Sweetbridge and long-time logistics tech specialist was prepared…
A G20 Crypto Policy? Let’s Hope It’s a Pipe Dream
Marc Hochstein is the managing editor of CoinDesk. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. “Let’s form a committee to explore the formation of an exploratory committee!” OK, that’s not quite…
UK Government Minister Calls for ‘Proportionate’ Crypto Rules
The U.K.’s City Minister, John Glen, told reporters at the Treasury’s International Fintech conference on Thursday that “proportionate” regulations could give the local cryptocurrency industry a significant boost. In his comments, Glen said the government is still “engaged in trying…
OFAC’s Bitcoin Blacklist Could Change Crypto
Joe Ciccolo is the president of BitAML, Inc., a compliance service provider. Andrew Hinkes is an adjunct professor at the NYU Stern School of Business and NYU School of Law. This article is not intended to provide, and should not be…