Crypto Task Force Formed By New York

News, Regulation | January 3, 2019 By:

Clyde Vanel, an assemblyman of the New York state (NYS) legislature, has announced that the state will officially launch a task force to study how to properly regulate, define and use cryptocurrency.

Last month, New York State Governor Andrew Cuomo signed “The Digital Currency Study Bill” into law,

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Iran Criminalizes Use Of Telegram’s Gram Cryptocurrency

News, Regulation | January 2, 2019 By:

The government of Iran has criminalized the use of Gram, the native cryptocurrency of instant messaging app Telegram.

Launched in 2013, Telegram is an encrypted, cloud-based instant messaging service with over 200 million active users. The company raised almost $2 billion in two rounds of private funding last year to build its own blockchain network called the Telegram Open Network (TON) with tokens built-in to enable much faster transaction speeds than rival blockchain networks.

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HIVE Blockchain Criticizes Norway’s New Crypto Mining Regulation

News, Regulation | January 2, 2019 By:

HIVE Blockchain Technologies Ltd. has provided an update regarding the company’s response to recent regulatory changes proposed by the Norwegian Parliament.

Last month, the Norwegian Parliament approved a legislative bill that cryptocurrency miners will no longer be subject to tax relief on power consumption at the same rate as other power-intensive industries.

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Italian Financial Regulator Issues Cease And Desist Order Against Crypto Startup Avacrypto

News, Regulation | December 26, 2018 By:

The National Commission for Companies and the Stock Exchange (CONSOB), Italy’s financial regulator, has issued a cease-and-desist order against cryptocurrency startup Avacrypto for offering unauthorized investment services.

Avacrypto allegedly offered its services to the Italian public while not registered with any European regulator as a licensed broker.

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UK Government Responds To Treasury Committee’s Crypto Report

News, Regulation | December 21, 2018 By:

The UK government and Financial Conduct Authority (FCA) have released their responses to the Treasury Select Committee’s crypto-assets report.

In September of this year, the Treasury Select Committee published its report into crypto-assets as part of its Digital Currencies inquiry, an initiative launched in February 2018 in response to price volatility in the crypo market.

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