Crypto Regulations

Afterpay is looking into cryptos as a way of cutting payment costs for merchants. The company has reason to think that an AUD-backed stablecoin is not too far in the future. For Australia's crypto investors, it seems like great news. Laying Foundation for a Local Stablecoin Jack Dorsey's Square recently purchased Afterpay for AU$39 billion. At the moment, however, it is not offering crypto-related products. An AUD-supported stablecoin would provide Australian cryptocurrency users and investment companies with an alternative value. They will…

Being on the wrong side of the law is never a good idea, not least when it could cause jeopardy to investments. Keeping tabs on what regulations demand is a wise step. Cryptocurrencies are a relatively new means of trading and therefore keep changing in scope and tech. So in making the regulations regarding them, many governments take quite a combative position against them.  Diving straight into the crypto trade without considering the underlying regulations is like walking on eggshells.…

Crypto regulation was back in the headlines this week, with regulators within the U.S. and worldwide looking at stablecoins and debating potential policies to govern this type of cryptocurrency. The regulations which will come to light soon could influence the accountability issuers must provide and the rights of their customers. Potential regulations could reduce the threat that stablecoins pose a systemic risk to the financial system – or they could make the situation worse. Fed not a Fan of Cryptos…

For quite a while, Hong Kong has been bombarded by several hurdles in the financial sector. However, it stands as one of the most favorable financial hotspots around the Asian-Pacific region. Nevertheless, the use of virtual currencies in the city is the only financial sector that seems to be lagging. Late last year, Hong Kong financial regulators implemented a law that required all cryptocurrency market handlers to register with the government. At the time, the crypto regulation was not precise,…

This year started as a promising new chapter for the cryptocurrency market. A Bitcoin halvening, a global pandemic, and seven months later have made 2020 a completely different year for the industry than what anyone expected. There are plenty of reasons to remember 2020 for many years from now. This year, the cryptocurrency community could go down as the one with some of the most representative regulatory changes in history. Today, we take a closer look at the 2020 cryptocurrency…

Since its debut in 2008, Bitcoin has been increasingly grown in popularity and demand across the globe. It provides an excellent investment alternative compared to centralized currencies, which has led to the digital currency gaining many followers. The digital coin is suitable for businesses worldwide without conversion, providing a fast and efficient transaction mode. Furthermore, buying and selling bitcoin is possible, while earning is also an option. The most common way to earn bitcoin is through its mining. Bitcoin ATMs…

The Commodity Futures Trading Commission (CFTC) is a US-based agency established by the Commodity Futures Trading Commission Act of 1974 to regulate the commodity futures and derivatives markets, including option markets, futures, and Swaps.  The commission's primary goal is to promote futures markets' competitiveness and efficiency while protecting traders against unscrupulous activities, fraud, and abusive trade practices.  CFTC has five committees; Agriculture, Global markets, Technology, Energy & environmental markets, and Coordination between the CFTC and SEC, each headed by a…

Despite their growing popularity, Bitcoin and other virtual currencies are still not accepted in many states and nations. There are varying levels of ‘crypto-friendliness’ in different countries, which refers to each government’s policy regulations to support (or against) cryptocurrencies. Some, like Ecuador and Bolivia, have banned the use of decentralized currencies altogether. However, others have a more accepting or positive stance towards crypto. These five are some of those countries that are generally crypto-friendly: Malta The small nation of Malta,…

Cryptocurrency exchanges are intermediaries that stimulate the buying and selling of cryptocurrencies, usually in exchange for a fee. Exchanges function to trade, speculate or convert existing value with other instruments like digital assets and ultimately fiat currency. Exchanges form a huge part of the cryptocurrency economy, as they form a key component in the sector's growth. Several exchanges have popped up since the advent of Bitcoin. One of the first was Mt. Gox, initially formed as a trading card exchange…