The Supreme Court of Russia has ordered the St. Petersburg City Court to consider an appeal to the ban of a cryptocurrency information website, Russian Legal Information Agency (RAPSI) reported April 20. In summer 2016, the Vyborgsky District Court of St. Petersburg granted the application of the Prosecution Office and blocked Bitcoininfo.ru website. The court […]

Bitcoin Regulation

Members of the European Parliament have voted in favour of EU anti-money laundering reforms, which will include closer regulation for cryptocurrencies, by 574 votes to 13 votes, with 60 abstentions, according to an EUP press release April 19. The agreement, known colloquially as “5AMLD,” is the fifth update to the EU’s anti-money laundering directive. It […]

AML

Top cryptocurrency investors Andreessen Horowitz and Union Square Ventures urged the US Securities and Exchange Commission (SEC) to consider a cryptocurrency exemption at a private meeting, the Wall Street Journal reports April 19. The Silicon Valley-based venture capital firms met with top officials of the SEC’s Division of Corporation Finance, which regulates Initial Coin Offerings […]

Andreessen Horowitz

Thailand’s Securities and Exchange Commission (Thai SEC) and Thai Fintech Association technology consultant Bhume Bhumiratana, along with members of the local crypto community, have urged financial authorities to reconsider the country’s cryptocurrency tax framework, local news outlet Bangkok Post reported Tuesday, April 17. According to Thailand’s proposed crypto tax framework released in late March, the […]

Bitcoin Regulation

New York Attorney General Eric T. Schneiderman has launched the “Virtual Markets Integrity Initiative”, an “inquiry into the policies and practices” of digital currency trading platforms, according to a press release April 17. As part of the initiative, letters were sent to thirteen major cryptocurrency exchanges, requesting information on their operations, internal controls, and other […]

Bitcoin Regulation

The world’s third largest cryptocurrency Ripple, has called on UK regulators to follow the lead of Japan and end the “Wild West” days of cryptocurrency markets by implementing new rules, The Telegraph reported April 15. Ryan Zagone, Ripple’s head of regulatory relations, urged British regulators to find a balance between “capturing risk and enabling innovation”. […]

Bitcoin Regulation

The Hanoi Department of Industry and Trade has banned organizations and individuals involved in e-commerce businesses in the city from using Bitcoin and other cryptocurrencies to settle transactions online, in a document issued to relevant parties on April 13. The document cites government decrees on non-cash payment instruments, emphasizing that “the issuance, supply, use of […]

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