Coinbase-Led Crypto Ratings Council Plans Transparency Boost as New Members Join

The Crypto Ratings Council (CRC), the Coinbase-led organization hoping to create a standard for assessing whether different cryptocurrencies are securities under U.S. law, is adding new members. The group announced Thursday that eToro, Radar and OKCoin US have joined the aspiring self-regulatory group looking to streamline how exchanges assess whether a cryptocurrency is a security. […]

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Regulated Derivatives Will ‘Legitimize’ Crypto, Says CFTC Chair

The chairman of the Commodities and Futures Exchange Commission (CFTC) believes regulated derivatives will instill market confidence in cryptocurrencies. Chair Heath Tarbert told Cheddar Monday that his agency is helping create a regulated futures market that investors would be able to “rely on” for better “price discovery, hedging and risk management.” “By allowing [cryptocurrencies] to […]

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ANALYSIS: The Global Game of Coins Heats Up

China’s digital currency project continues to move ahead aggressively, with a new paper from the People’s Bank of China suggesting that a core design is complete. Whatever stage of development the currency actually is, it’s clear that China wants the world to see it as ahead of the curve in the digital currency race.  In […]

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European Crypto Firms Brace for Higher Costs as AMLD5 Takes Effect

A strict new regulatory regime is dawning upon European firms handling cryptocurrency. Friday marks the deadline for the European Union’s 28 member nation-states to adopt the Fifth Anti-Money Laundering Directive or AMLD5.  The new rules require crypto exchanges and custodial service providers to register with their local regulator, and demonstrate compliance with thoroughgoing know-your-customer (KYC) […]

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ESMA Wants to Create ‘Sound Legal Framework’ for Cryptocurrencies in 2020

The European Securities and Markets Authority (ESMA) plans to push for more regulation around cryptocurrencies and related products as part of their 2020 focus. ESMA published its 2020-2022 priorities list Thursday, noting that EU capital markets are facing new risks from digitalization. The organization wants market participants to acknowledge and prepare for these apparent risks. […]

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Former Bakkt CEO to Help Oversee CFTC in Congress

The former chief executive of bitcoin derivatives exchanges Bakkt is to join the committee that oversees the Commodity Futures Trading Commission (CFTC), raising concerns over a possible conflict of interest. The newly appointed senator, Kelly Loeffler (R., Ga.), will serve on the Senate Agricultural Committee, which is responsible for defining the CFTC’s remit and approving […]

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