Ukraine: Overregulation Prevents Crypto Development, Says Central Bank Official

Overregulation in Ukraine is reportedly preventing the cryptocurrency industry from evolving in the country. An official of the Ukrainian central bank (NBU) told this to a local crypto news outlet LetKnow Tuesday, Jan. 8. Mikhail Vidyakin, the director of the…

Irish Gov’t Approves Anti-Money Laundering Bill Affecting Cryptocurrency

The Cabinet, the executive organ of the government of Ireland, has approved a bill that would give effect to the European Union (EU) Fifth Anti-Money Laundering (AML) Directive, the Irish Times reported Jan. 3. The directive — which came into…

UAE to Become Leading Destination for Blockchain-Related Businesses in 2019, Experts Say

The United Arab Emirates (UAE) is looking to join the list of leading destinations for blockchain-related businesses in 2019 due to promising new crypto legislation. Experts commented on the situation to the UAE’s daily newspaper The National on Monday, Dec.…

International Crypto Standards: Will They Come From the Community or Governments?

There are over 2,000 different coins in existence right now, each with their own unique characteristics, uses and communities, while there are masses of different blockchains, platforms and exchanges — all of which answer to competing needs and values. On…

Swiss Fintech License Allows Blockchain, Crypto Firms to Accept $100 Mln in Public Funds

The Swiss Financial Market Supervisory Authority (FINMA) has released guidelines for their new “FinTech” license, according to a FINMA official press release released Dec. 3 The Swiss financial regulator revealed that license pursuants, which can be blockchain-related and crypto-related firms,…

Belarus: High Tech Park Releases ‘Complete Legal Regulations’ for Cryptocurrencies

Belarus High-Technologies Park (HTP), a national special economic zone contributing to the IT business, has established the rules for the operation of the cryptocurrency market in the country, according to documents published by HTP Nov. 30. The regulatory documents define…

Two Pro-Crypto Candidates Score Wins in US Midterm Gubernatorial Elections

Two pro-cryptocurrency candidates have won seats to become governors of the U.S. states of California and Colorado in the country’s midterm gubernatorial elections, fintech news outlet TrustNodes reports Nov. 7. In the California race, Democrat contender Gavin Newsom sealed 59…

UK Government Says It Will Update Crypto Tax Guidance By Early Next Year

UK officials have outlined a range of regulatory steps around cryptoassets and distributed ledger technology (DLT) in a new report. The UK government’s “Cryptoasset Taskforce,” first announced this past March, published its final report on Monday, finding that the technology that makes…

UK Blockchain Startup to Enter EU Settlement System After French Regulator’s Approval

U.K. blockchain startup Setl is about to enter an E.U. settlement system after receiving approval from the French securities regulator to run a central securities depository, the Financial Times (FT) writes Tuesday, Oct. 23. Setl, which develops blockchain solutions for…