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.

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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,

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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,

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India May Regulate Bitcoin By The End Of March

News, Regulation | February 6, 2018 By:

The government of India is set to regulate bitcoin and other cryptocurrencies, said Economic Affairs Secretary Subhash Chandra Garg.

The news came after India’s finance minister Arun Jaitley said the government does not recognize cryptocurrency as legal tender or coin, and will take all measures to eliminate the use of these crypto-assets in financing illegitimate activities or as part of the payment system.

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Crypto Purchases With Credit Cards Banned By JP Morgan, Bank of America

Announcements, News | February 5, 2018 By:

JP Morgan Chase, Bank of America, and Citigroup have placed a ban on cryptocurrency transactions via credit cards.

JP Morgan enacted the ban on Saturday, saying the bank doesn’t want the credit risk associated with the transactions. “At this time, we are not processing cryptocurrency purchases using credit cards due to the volatility and risk involved,” a JP Morgan Chase spokesperson said in a statement.

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Crypto Investment Funds Announced By CoinShares Group

Announcements, News | February 1, 2018 By:

The CoinShares Group is launching two new investment vehicles tethered to cryptocurrencies.

The company said that the CoinShares Active Fund – a multi-coin, alpha-generating, active strategy – and CoinShares Large Cap Fund – a passive, large-cap, basket fund – represent a natural evolution of market approaches based on the current trajectory of the crypto-asset economy.

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