The aim is to define a regulatory framework to bring stablecoins within the regulatory scope The post UK Treasury: consultation on cryptocurrencies and stablecoins appeared first on The Cryptonomist.
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UK will tighten regulation of cryptosphere? UK Treasury advises on crypto and stablecoin regulation 2.5 months have been allotted to receive comments on this issue. You can leave your feedback until March 21. The Treasury invites stakeholders, including crypto startups, to share their views on tighter regulation.…
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The U.K. government is moving forward with its plan to harness the expanding crypto and digital asset market by organizing a public consultation on planned stablecoin and cryptocurrency regulations. The move is part of the U.K.’s economic transformation post-Brexit with an emphasis on leveraging the developing fintech…
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In Brief The Securities and Exchanges Commission (SEC) filed charges on Dec. 23 against Ripple Labs and two top executives. The company, co-founder and ex-CEO Christian Larsen, and current CEO Brad Garlinghouse are charged with raising $1.3 billion in funds through the illegal sale of XRP. Larsen…
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Not surprisingly, the Ryuk ransomware requires payment in bitcoin. Naturally, as all transactions are public, this attracts the attention of the police. To get law enforcement off their tail, Ryuk needs to launder money into fiat. This step in a hacker’s business plan is particularly attractive to…
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The Financial Crimes Enforcement Network (FinCEN)’s new proposed regulation has been the talk of the town since its first announcement last December. It didn’t take long for FinCEN to receive clamors of disapproval from crypto companies and pundits. And to date, over 6,500 comments have been filed…
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A senior analyst at Bank of America thinks that Bitcoin’s latest bull run “blows the doors off prior bubbles.”
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Crypto advocates are coming out in droves to respond to a proposed rule change that would mandate mass surveillance of large cryptocurrency transactions. The proposed rule from the Financial Crimes Enforcement Network (FinCEN), a division of the US Treasury department, would require crypto institutions to report the…
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Stuart Alderoty, Ripple’s general counsel, says the U.S. Securities and Exchange Commission (SEC) has acknowledged XRP’s use as fuel for cross-border payments. The SEC’s acknowledgement of XRP’s utility in Ripple’s cross-border payment product, On-Demand Liquidity (ODL), can be found in the government agency’s recent lawsuit against the…
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Payments startup Ripple is facing a fresh lawsuit from a multi-billion-dollar asset manager. Tetragon Financial Group Ltd. has filed a complaint against the San Francisco-based firm with the Delaware Chancery Court seeking to “enforce its contractual right to require Ripple to redeem” Series C preferred stock that…
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