Blockchain Bill in Arizona Would Prevent Regulation Of Crypto Nodes

News, Regulation | February 9, 2018 By:

Arizona State Representative Jeff Weninger has introduced a bill that would protect blockchain node operators from possible prohibitions by local and county governments.

House Bill 2602, which was introduced on February 6, states that cities, towns, and counties may not prohibit or otherwise restrict an individual from running a node on blockchain technology in a residence.

 Read more  »

Crypto Exchanges And ICO Issuers Warned By Hong Kong Regulator For Fraudulent Activities

News, Regulation | February 9, 2018 By:

The Hong Kong Securities and Futures Commission (SFC) has announced that it has taken regulatory action against a number of cryptocurrency exchanges and issuers of initial coin offerings (ICO).

In a statement released Today, the SFC said that investors have complained to the commission that they were unable to withdraw cryptocurrencies from their accounts with some exchanges,

 Read more  »

Cryptocurrencies Need To Be More Closely Regulated, Says European Central Bank Executive

News, Regulation | February 9, 2018 By:

Yves Mersch, European Central Bank (ECB) executive board director, said that cryptocurrencies and the companies that trade them need to be more closely regulated.

In an interview with Bloomberg, Mersch said that regulators had previously been willing to largely ignore cryptocurrencies, but since the hype accelerated at the end of last year,

 Read more  »

Commodity Futures Trading Commission Chair Giancarlo Testifies Before Senate

Investing, News, Regulation, Uncategorized | February 7, 2018 By:

The Commodity Futures Trading Commission chairman J. Christopher Giancarlo has published his full remarks before the Senate Banking Committee.

Giancarlo appeared before the Senate committee along with US Securities and Exchange Commission chairman Jay Clayton to update the lawmen on cryptocurrency and initial coin offerings issues facing their regulatory bodies.

 Read more  »

Central Banker: Bitcoin Is “A Bubble, Ponzi Scheme And An Environmental Disaster”

News, Regulation | February 7, 2018 By:

Agustin Carstens, head of the Bank for International Settlements (BIS), has warned that central banks must be prepared to act against cryptocurrencies to ensure they do not become entrenched and undermine trust in central banks.

The BIS is an international financial institution owned by central banks which “fosters international monetary and financial cooperation and serves as a bank for central banks.” It carries out its work through its meetings,

 Read more  »