The Monetary Authority of Singapore, which is the country’s central bank, has no plans to ban cryptocurrency trading at the moment, though MAS does intend to eventually regulate digital asset exchanges and other entities to ensure AML/CFT compliance.
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On Wednesday, the SEC’s Office of Compliance Inspections and Examinations released its 2018 examination priorities. The document included a section dedicated to cryptocurrency, initial coin offerings (ICOs), secondary market trading, and blockchain.
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Questions from senators focused on consumer protection, investor education efforts, exchange regulation and market manipulation, and the potential value of distributed ledger technology.
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A leading European energy trading company is hoping that blockchain technology will allow it to keep up with increasing demand and process trades that are currently too small for its consideration.
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The US Commodity Futures Trading Commission has released a new advisement cautioning investors that tax season may be used as a means of lending authenticity to cryptocurrency scams.
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The new chief of the Bank for International Settlements does not look favorably on cryptocurrencies and in a recent talk, he encouraged regulators to intervene in digital asset markets.
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A trio of organizations are receiving donations in cryptocurrency, including UNICEF, the Open Medicine Foundation, and the SENS Research Foundation.
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On Monday, the testimony to be given by the SEC and CFTC chairmen was posted on the Senate Banking Committee website. The hearing is scheduled for 10:00 a.m. EST, February 6, 2018.
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Continuing its crusade against cryptocurrency, China reportedly plans to limit domestic participation in foreign initial coin offerings (ICOs) and international virtual currency transactions.
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Lloyds Banking Group, JP Morgan Chase, Bank of America, Citigroup, Discover, and Virgin Money’s UK licensee are among the financial services firms who have stopped supporting the purchase of cryptocurrencies via their credit cards.
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