Bitcoin 

Coinshares Urges Customers to Fight UK Regulator’s Ban on Crypto ETNs

The United Kingdom’s Financial Conduct Authority (FCA) is proposing to ban cryptocurrency exchange-traded notes (ETNs) — but Coinshares, a U.K.-based regulated public exchange, disagrees with that proposal. Claims of insufficient evidence  In a Sept. 23 letter on its website, Coinshares claimed the FCA has not provided enough evidence to justify the proposed ban on crypto ETNs — warning its customers that they will no longer be able to trade such products if the ban is approved. The company added:  “We believe that the FCA has not provided sufficient evidence to justify the…

Read More
Ethereum 

IMF Chief Economist Urges Regulatory Vigilance on Libra

The International Monetary Fund (IMF) has called on global regulators to pay attention and take proper regulatory action regarding Facebook’s Libra. Speaking with Reuters on July 17, Gita Gopinath, chief economist at the IMF, urged the global regulatory community to pay serious attention to Facebook’s crypto project during the early stages of its development. Gopinath emphasized that global financial regulators should act immediately to ensure that they are not too late in taking the necessary measures. Gopinath outlined the major risks associated with the stablecoin, including concerns about data privacy,…

Read More
Blockchain 

BaFin Head Urges Global Bank Standards in Response to Facebook’s Libra

The head of the German Federal Financial Supervisory Authority (BaFin) has urged regulators to develop standards in response to Facebook’s forthcoming cryptocurrency, Libra, Cointelegraph Deutschland reported on June 26 Speaking at the International Club Frankfurter Wirtschaftsjournalisten, BaFin President Felix Hufeld stressed that policymakers and regulators should not stand aside on the issue of Facebook’s Libra as considerable control questions could arise once the coin comes into use. Hufeld hinted at possible regulatory measures introduced by BaFin, but also pointed to the need for an international regulatory framework: “We certainly can…

Read More
Bitcoin 

Supreme Arbitration Court Judge Urges for Inclusion of Crypto in Civil Law

A judge at Russia’s Supreme Arbitration Court has argued that the term digital assets should be included in the Russian Civil Law, local state-backed media agency Federal Press reports on June 4. Lyudmila Novoselova, chairman at the Court for Intellectual Rights of Russian Federation and a judge at the Supreme Arbitration Court, has introduced the institution’s plans for the development of legislation for digital rights. The official delivered her testimony at the first retreat of the presidential council in Ekaterinburg devoted to civil law. Novoselova expressed confidence that the Russian…

Read More
Bitcoin 

Japan’s Finance Minister Urges Reporters to Adopt New Legal Term ‘Crypto Assets’

Japan’s Minister of Finance and deputy prime minister Taro Aso has urged reporters to stop using the term virtual currencies and switch to the newly-proposed legal name crypto assets. Aso — who also serves as the country’s Minister of State for Financial Services — made his remarks during a crypto-focused question and answer session at a press conference following a government cabinet meeting. The full transcript of the Q&A from March 26 was published by Japan’s Financial Services Agency (FSA) on April 26, alongside a provisional English translation. As Cointelegraph…

Read More
Blockchain 

Chainalysis Urges FATF to Rethink Data Demands on Crypto Exchanges

Blockchain analysis firm Chainalysis has hit back at recommendations from intergovernmental financial anti-crime organization the Financial Action Task Force (FATF) in a direct letter dated April 8. The letter, which Chainalysis sent to the FATF, criticizes the organization’s demands to make cryptocurrency exchanges identify and keep records of senders and recipients involved in cryptocurrency transactions. These demands had surfaced at the end of February, with the FATF subsequently inviting public feedback on its literature. According to Chainalysis, such requests would place exchanges, which the FATF calls “Virtual Asset Service Providers…

Read More
Bitcoin 

Tim Draper Urges Argentina’s President to Legalize Bitcoin to Improve Economy

Crypto bull Tim Draper has given advice to the president of Argentina to legalize Bitcoin (BTC) in order to improve the economic situation in the country, Cointelegraph en Español reports March 22. The American venture capital investor reportedly met with Argentina’s president Mauricio Macri on March 20 to discuss the economic prospects of the Latin American country. During the meeting, Draper spoke about the potential of emerging technologies such as blockchain and crypto for improving major problems in Argentina’s economy, including the devaluation of the Argentine peso (ARS), as well…

Read More
Blockchain 

Parity Technologies Fixes Node Vulnerability, Urges All Ethereum Nodes to Update

Ethereum blockchain infrastructure developer Parity Technologies experienced a security compromise that required nodes to perform an urgent update, the company stated in a blog post on Feb. 3. Parity, which is a popular technology stack for Ethereum users, said it had received notification of a loophole which would allow an attacker to shut down nodes running its client. “On February 3rd, we received several reports that an attacker can send a specially-crafted RPC request to a public Parity Ethereum node (any version pre 2.2.9-stable and pre 2.3.2-beta) and that node…

Read More
Bitcoin 

Top Russian Official Urges Parliament to Discuss Draft Crypto Bill Without Further Delays

The chairman of the upper house of Russian parliament has urged MPs to expedite their work on digital economy bills that include a draft on crypto regulation, local news agency TASS reports on Tuesday, Jan. 29. Valentina Matvienko, who has headed the Federation Council since 2011, spoke to officials from several institutions, including the Upper House Committee for Economic Policy and Russia’s Ministry of Digital Development, Communications and Mass Media. She asked him to investigate the reasons behind the significant delay with the digital economy bills, TASS writes. According to…

Read More
Bitcoin 

European Banking Authority Report Urges Steady Approach to Cryptocurrency Regulation

The European Banking Authority (EBA) has recommended further research into cryptocurrency and will perform “a number of actions” relating to the sector in 2019. The agency has said this in its latest report published Jan. 9. In the document, which focuses on the “applicability and suitability of European Union law to crypto-assets,” the EBA appeared broadly unhurried about developing new regulatory frameworks for the bloc. “Typically, crypto-asset activities do not constitute regulated services within the scope of EU banking, payments and electronic money law, and risks exist for consumers that…

Read More