Cryptocurrency Regulations

The State of Michigan Formally Bars the Use of Crypto for Political Contributions

A formal letter sent by the Michigan Secretary of State sees the use of crypto-currencies for political donations formally barred. The letter which was published on 8th November was in response to state legislature candidate William Baker, who had asked how crypto-currency value was supposed to be recorded for political donations. Baker had also sought […]

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The US-Midterms sees a Number of Pro-crypto politicians scoop Top Seats

The much-anticipated midterm elections in the United States came and concluded last week with some interesting fresh faces coming to the fore. The mid-terms saw some interesting and progressive wins for minority women with Alexandra Ocasio Cortez becoming the youngest congresswoman at 29, 36-year-old Ilhan Omar becoming the first Somali-American congresswoman, and Sharice Davids becoming […]

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Financial Action Task Force: Global cryptocurrency regulation framework to be out by June 2019

  The global watchdog for money laundering has announced that it will start publishing its first batch of cryptocurrency regulations by June next year. The Financial Action Task Force (FATF) said there is a great need to implement worldwide jurisdictions for cryptocurrency regulation including the licensing and operation of cryptocurrency exchanges as well as the […]

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Celebrated boxing Legend Pacquiao takes the crypto world by storm, preparations to launch his own cryptocurrency on course

It’s all systems go as the much-awaited launch for Manny Pacquiao’s cryptocurrency finally nears. Reports from The Strait Times, a Singapore-based daily broadcast, indicated that the Global Crypto Offering Exchange (GCOX), a Singapore-based start-up will be in charge of the crypto which is referred to as the Pac Tokens. The Pac Tokens will heavily rely […]

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Japanese ‘expert meeting’ seeks to simplify tax payment for digital assets

Japanese Investigation Committee has commenced discussions aimed at improving the system by simplifying tax payment procedure for virtual currency holders. Reports by regional news outlet Sankei indicated that the committee, which also serves as the main advisory body for the prime minister commenced discussions on improving the policy on taxation on a general assembly meeting […]

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World Bank President now Believes that The Blockchain has “huge potential”

The president of the world bank group Jim Yong Kim has expressed his view that blockchain technology has “huge potential” and that the bank should keep pace with innovative technologies. Kim’s remarks came at the international monetary fund (IMF) and the world bank’s annual meeting in Bali, Indonesia. Kim spoke of the importance of addressing […]

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The SEC Intensifies its Crackdown on ICO’S Despite Protests of Regulatory Ambiguity

The SEC continues its scrutiny on cryptocurrency projects by expanding their crackdown on initial coin offerings (ICOs). The watchdog’s heavy involvement in crypto by way of scrutiny is putting a lot of crypto projects at risk according to a study done jointly by Decrypt media published and Yahoo finance. The report writers stressed the point […]

Cryptocurrency Regulations

UK Crypto Regulations Could take Two Years to Arrive According to Legal Expert

Crypto-currency regulation talks have taken center stage in the developed world over the past couple of months with countries seeking to gain clarity from their financial regulators on where they stand when it comes to classifying cryptocurrency. In the case of the UK, legal director of British law firm Reynolds porter chamberlain, Jeff Kaufmann, said […]