Regulation

As digital currencies and blockchain technologies evolve, so too will the ways in which they are regulated. As rulemakers look to impose limitations and innovators continue to work within (and outside of) these rules, we will keep readers up to date how the latest lines are being drawn.

Coinbase, Kraken and other major exchanges have formed the Crypto Ratings Council to determine which coins will fall under securities regulations.
The Crypto Ratings Council Is Here, But Does It Hold Any Weight?

Coinbase, Kraken and other major exchanges have formed the Crypto Ratings Council to determine which coins will fall under securities regulations.

Luno, a bitcoin exchange with a significant presence in Africa, answers questions about the growing adoption and changing perception there.
Bitcoin in Africa: Offering ‘New and Better Ways of Exchanging Value’

Luno, a bitcoin exchange with a significant presence in Africa, answers questions about the growing adoption and changing perception there.

VanEck and SolidX have withdrawn an SEC proposal for their latest attempt at a bitcoin ETF, setting this potential institutional on-ramp back again.
Bitcoin ETF Regulatory Withdrawal Sets Institution On-Ramp Back Once Again

VanEck and SolidX have withdrawn an SEC proposal for their latest attempt at a bitcoin ETF, setting this potential institutional on-ramp back again.

The French government will not be imposing taxes on crypto-to-crypto trades and will only tax cryptocurrency gains when they are converted into fiat.
France Takes Out Tax Requirements on Crypto-to-Crypto Trades

The French government will not be imposing taxes on crypto-to-crypto trades and will only tax cryptocurrency gains when they are converted into fiat.

Bitfury’s Crystal Blockchain Analytics has released a report covering the international flow of bitcoin, in light of new FATF guidelines.
Bitfury’s Crystal Blockchain Analytics Releases International Bitcoin Report

Bitfury’s Crystal Blockchain Analytics has released a report covering the international flow of bitcoin, in light of new FATF guidelines.

CipherTrace has released TRISA, which might help cryptocurrency businesses comply with regulations like the travel rule in a privacy-preserving way.
CipherTrace Unveils Travel Rule Protocol for Cryptocurrency Businesses

CipherTrace has released TRISA, which might help cryptocurrency businesses comply with regulations like the travel rule in a privacy-preserving way.

As cryptocurrency service providers rush to find solutions for the FATF travel rule guidance, they may already have a ready-to-deploy solution from Netki.
Netki Adapts TransactID Into Fits-All Solution for FATF Travel Rule Guidance

As cryptocurrency service providers rush to find solutions for the FATF travel rule guidance, they may already have a ready-to-deploy solution from Netki.

Cryptocurrency exchange Gemini has announced that the former global head of financial crimes at Morgan Stanley will be its chief compliance officer.
Gemini Adds Former Morgan Stanley Executive as Chief Compliance Officer

Cryptocurrency exchange Gemini has announced that the former global head of financial crimes at Morgan Stanley will be its chief compliance officer.

De Nederlandsche Bank, the Dutch central bank, has announced that local cryptocurrency firms will soon come under its direct supervision.
Dutch Central Bank to Supervise Crypto Companies

De Nederlandsche Bank, the Dutch central bank, has announced that local cryptocurrency firms will soon come under its direct supervision.

Heavy-Handed Regulations Run Cryptominers Out of Iran

Cryptocurrency mining is finally an industry in Iran, but there are simply too many caveats.

Citing recent inquiries from bitcoin businesses, Nevada is asking that bitcoin ATMs and others request license determinations.
Nevada: Bitcoin ATMs, Other Services Should “Request Licensure Determination”

Citing recent inquiries from bitcoin businesses, Nevada is asking that bitcoin ATMs and others request license determinations.

“At the very least, the IRS should heed Portugal’s prudent policy and treat cryptocurrency transactions like typical currency transfers.”
Op Ed: Portugal Clarified Its Bitcoin Tax Code; Other Nations Should Take Note

“At the very least, the IRS should heed Portugal’s prudent policy and treat cryptocurrency transactions like typical currency transfers.”

U.S. Secretary of State Mike Pompeo wants cryptocurrencies to be regulated under existing rules for electronic transactions.
U.S. Secretary of State Wants to Subject Cryptocurrencies to Existing Regulations

U.S. Secretary of State Mike Pompeo wants cryptocurrencies to be regulated under existing rules for electronic transactions.

Robert A. Cohen is going from the U.S. Securities and Exchange Commission’s primary cyber misconduct unit to a law firm representing Coinbase.
Former SEC Cyber Unit Head Joins Coinbase’s Attorneys

Robert A. Cohen is going from the U.S. Securities and Exchange Commission’s primary cyber misconduct unit to a law firm representing Coinbase.

The IRS is sending those who have conducted cryptocurrency transactions reminders to pay the requisite taxes.
IRS Sends Warnings to Crypto Investors Over Misreported Trades

Following a round of “soft notices” sent last month, the IRS is issuing a round of sterner warnings about accurate cryptocurrency tax filing.

Despite another delay in the SEC’s decision on bitcoin ETF filings, there’s lots of accredited interest in bitcoin.
Bitcoin ETF Delayed Again, but Wall Street Already Has Its On-Ramps

Despite another delay in the SEC’s decision on bitcoin ETF filings, there’s lots of accredited interest in bitcoin.

Recent FATF regulatory guidelines have paved the way for virgin bitcoin because they have no recorded transactional history.
Op Ed: Will Regulations Put a Premium on Virgin Bitcoin?

Recent FATF regulatory guidelines have paved the way for virgin bitcoin because they have no recorded transactional history.

A public ruling integrates crypto assets as legal and taxable forms of payment in New Zealand.
Bitcoin Is Now a Legal Form of Payment in New Zealand

A public ruling integrates crypto assets as legal and taxable forms of payment in New Zealand.

Bitcoin News Week in Review
Bitcoin Magazine’s Week in Review: Security Takes Center Stage

8/10/19: Bitcoin Magazine’s Week in Review brings you the most critical, interesting and popular Bitcoin news from this week.

Local reports indicate that the Czech Republic plans to go beyond EU AML recommendations for cryptocurrency-related businesses.
Report: Czech Republic Wants to Broaden Crypto Firm Regulation

Local reports indicate that the Czech Republic plans to go beyond EU AML recommendations for cryptocurrency-related businesses.

South Korea’s Financial Intelligence Unit plans to institute direct regulations on cryptocurrency exchanges.
South Korea Will Take a Direct Approach to Crypto Exchange Regulations

South Korea’s Financial Intelligence Unit plans to institute direct regulations on cryptocurrency exchanges.

Her Majesty’s Revenue and Customs has sent letters to Coinbase, eToro and CEX.IO requesting client transaction data in an effort to curb tax evasion.
Eyeing Tax Evasion, British Authority Launches Crypto Exchanges Inquiry

Her Majesty’s Revenue and Customs has sent letters to Coinbase, eToro and CEX.IO requesting client transaction data in an effort to curb tax evasion.

Bitcoin News Week in Review
Bitcoin Magazine’s Week in Review – August 3rd, 2019

8/3/19: Bitcoin Magazine’s Week in Review brings you the most critical, interesting and popular Bitcoin news from this week.

The U.K.’s Financial Conduct Authority (FCA) released its final guidance on crypto assets regulation, which may boost activity in the sector.
Latest FCA Guidance From the U.K. an “Indirect Catch-All” of Provisions

The U.K.’s Financial Conduct Authority (FCA) released its final guidance on crypto assets regulation, which may boost activity in the sector.