Tag: rules

Mexico Publishes Crypto Rules, Puts Central Bank in Charge

Regulation The authorities of Mexico has printed provisions relating to cryptocurrency. The Bank of Mexico will determine which cryptocurrencies are authorized and fintech corporations should acquire approval from the central financial institution to function within the crypto house. Also learn: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Fintech Law Applies to Crypto The […]

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Bittrex to Launch Crypto Exchange in Malta Next Month

Exchanges US-based cryptocurrency trade Bittrex is reportedly launching a crypto trade in Malta at first of subsequent month. Bittrex says the brand new platform will enable them to checklist cash “a lot faster.” It will function inside the regulatory framework established by the European Union and the Maltese authorities. Also learn: 160 Crypto Exchanges Seek to […]

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Japan Introduces New Screening Requirements for Crypto Exchanges

Regulation Japan’s monetary regulator has reportedly launched new screening necessities for crypto exchanges searching for approval to function within the nation. The company now extends its focus past the registrants’ monetary well being and system security measures. Among extra standards are the evaluation of the businesses’ decision-making course of and their hyperlinks to delinquent teams. Also […]

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Crypto Exchange Okex Introduces Stricter KYC Rules

Exchanges Hong Kong-based cryptocurrency alternate Okex is imposing tightened identification verification procedures. Daily withdrawal limits will quickly depend upon the KYC stage handed by its customers. The adjustments will apply to clients of Okex’s partnering platforms as effectively. Also learn: Report: North Korea to Hold a Crypto Conference Withdrawal Limits to Depend On the Level […]

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Another US City Imposes a Moratorium on Crypto Mining

Mining The town of Salamanca at the U.S. condition of New York is allegedly establishing a moratorium on cryptocurrency mining operations at town. This will prevent crypto miners from “using up all the residents’ power and effectively make all of them get a price increase on their utility bills,” a part of the town’s council […]

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License Needed for Crypto Trading, Circulation, and Settlement in Cambodia

Regulation Three Cambodian government bodies have collectively declared the propagation, circulation, purchasing, trading, trading, and settlement of cryptocurrencies without having a license are prohibited pursuits. The bureaus also have outlined four major dangers connected with crypto investing or trading. The National Bank of Cambodia (NBC), the Commission of Cambodia, and also the General-Commissariat of National Police […]

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All Regulated Japanese Exchanges to Self-Prohibit Insider Trading and Privacy Coins

Regulation The affiliation comprising of 16 government-approved cryptocurrency exchanges in Japan has reportedly supplied a sneak peak of its self-regulatory guidelines. The focuses are on banning insider buying and selling and stopping exchanges from itemizing privateness cash. Also learn: Yahoo! Japan Confirms Entrance Into the Crypto Space Insider Trading Banned The Japan Virtual Currency Exchange Association […]

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Research: Majority of EU, US Exchanges and Wallets Fail to KYC Users

Privacy More than two thirds of those major cryptocurrency exchanges and wallet suppliers on each side of this Atlantic neglect to run appropriate identity verification tests. According to fresh study in their onboarding clinics, the majority of the researched platforms don’t fulfill the prerequisites of the approaching regulations under the upgraded EU anti-money laundering directive. […]

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EU Adopts Rules to Reduce Anonymity for Crypto Users

Economy & Regulation A directive impacting the crypto industry in Europe was embraced by the EU Council. The file updates the anti-money laundering laws of this European Union to deal with, among other problems, “the risks linked to virtual currencies.” The new rules aim to decrease anonymity for both transactions and users together with requirements […]

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