Janet Yellen turns back on previous crypto comments
If the future director of the US Treasury is concerned about the illicit use of cryptocurrencies, her analysis is not limited to negative aspects. Janet Yellen adds that crypto and digital assets…
Legal
Central Bank Digital Currencies: What to expect in 2021?
The threat of Libra (now Diem) is no longer relevant. What explains the reluctance of the United States to launch digital currencies (CBDC)? The US Fed estimates that it will take years for the…
Gazprombank gets crypto custody control approval from FINMA
Gazprombank, a fully licensed Swiss Financial Institution has finally received authorization from the Swiss Financial Market Supervisory Authority (FINMA) in order to provide cryptocurrency bank…
Avanti Bank Trust wins the Bitcoin Banking Charter with undivided votes
Caitlin Long, a finance Veteran with experience of more than 20 years in Wall Street, and who has also headed Morgan Stanley’s Pension advisory group, has all reasons to smile. The current CEO and…
Crypto supporter from SEC announces his resignation as a Director of Corporation Finance
William Hinman has been known for his undeterred work and attempts to steer forward the growth of the fintech ecosystem and better regulations especially towards decentralized digital assets. William…
SEC confirms that crypto ETFs are being considered
The Securities and Exchange Commission has buckled its belt and is currently working on regulations that could at some point in time allow crypto versions of ETFs. Mr. Jay Clayton, Chairman of…
Bitcoin and Ethereum not considered securities in the Isle of Man document
The Isle of Man is a self-governing British Crown dependency that is situated between Great Britain, Ireland, and the Irish Sea. Queen Elizabeth II heads the state holding the title of Lord of Mann…
Funds raised through crowdfunding to sue Andre Cronje over the September EMN hack
We are sure we have heard about crowdfunding a business venture or a welfare idea, but this is something new! Although not in the strictest conventional sense, a group of investors is crowdfunding to…
UK regulator FCA bans crypto derivatives for retail investors
The UK’s much-revered financial regulator has come forward and announced a ban on the sale of crypto derivatives to retail consumers. Its charge against it is that the underlying assets have…
Estonia’s Limited Liability companies now possess the right to tokenize
Estonia has earned a reputation of being a ‘Blockchain country’ thanks to the mushrooming of some of the most promising blockchain start-ups and government-led policy to give adoption a boost.…
New Zealand Tax Authority IRD asks crypto firms to hand over user info
The New Zealand tax collecting agencies are circling back to the good-old tax-based economics to collect revenues. Now that crypto earnings come under the tax net, it is also seeking to round up…
Investors in OneCoin alleges the involvement of BNY Mellon in the $4 billion scheme
The plaintiffs, who together invested approximately $1 million into OneCoin, say that while BNY Mellon processed payments for OneCoin in May 2016, and even referred to it as a possible…