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,


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.


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.


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.


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.