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Circle Warns US Cryptocurrency Laws are ‘Chilling Innovation’

Goldman Sachs-backed cryptocurrency startup Circle says lack of clarity from U.S. regulators about digital assets is hurting the country’s crypto market. Regulatory Ambiguity Hurting US Cryptocurrency Market In a blog post published on Thursday (May 23, 2019), Circle put forward its opinion about the current…

Authorities Seize Dutch Bitcoin Mixer in ‘Worrying Precedent’

Cryptocurrency figures have reacted with dismay after authorities in the Netherlands seized and shut down popular Bitcoin mixer Bestmixer.io. Europol To Bitcoiners: ‘You Are Not Anonymous’ Confirmed in a press release May 22, a joint effort between Europol, the Dutch Fiscal Information and Investigation Service…

Japan Targets Bitcoin In G20 Anti-Money Laundering Push

Ahead of next month’s G20 summit, host Japan looks to tighten money laundering regulations, specifically targeting Bitcoin and cryptocurrency exchanges. The Financial Action Task Force (FATF) is also due to inspect Japan’s anti-money laundering regime in the Autumn. International Spotlight Prompts Japanese Action According to media…

Goldman-Sachs Backed Circle Blames ‘Restrictive’ US Laws for Layoffs

Bitcoin and crypto are rising, but Goldman Sachs-backed Circle laid off 10 percent of its workforce blaming a ‘restrictive’ regulatory climate. But is that just a smokescreen to mask Circle’s dwindling user base? SEC Bullish on Bitcoin, Bearish on Alts OK, so we may not…

China Unbans Bitcoin? ‘Occasional’ P2P Exchange is Legal, Says Lawyer

“Sporadic” P2P Bitcoin trading is likely legal in China, a senior lawyer told the national press in unusually optimistic comments this week. Keep Bitcoin Exchange ‘Occasional’ in China Speaking to BJ News, Sa Xiao, Council Member at the Bank of China Law Research Association, argued…

Bitcoin ETF Approval Rumors Fly as ETF Conference Welcomes ‘Crypto Mom’

A major speech from pro-Bitcoin SEC commissioner, Hester Peirce, coincides with the deadline for the ruling on the VanEck Bitcoin-ETF. This has led to speculation that the scheduling is deliberate enabling Peirce to deliver a positive announcement of SEC’s approval. Bitcoin ETF: If The Stars Align…

Bakkt Bitcoin Futures Could See Green Light in Just 10 Days

Bakkt could soon proceed with its Bitcoin futures product if the CFTC does not raise any objections within 10 days. We’ll Be Bakkt…Soonish Bakkt could be cleared to proceed in just 10 short days pending Commodity Futures Trading Commission (CFTC) approval. Or rather, pending lack…

FinCEN Unveils New Bitcoin Guidelines: Here’s What You Need to Know

On Thursday (May 9, 2019), the U.S. Financial Crimes Enforcement Network (FinCEN) published new guidelines showing how anti-money laundering (AML) laws apply to Bitcoin and the rest of the cryptocurrency in general. Mandatory KYC for P2P Bitcoin Trading Platforms In a tweet published on Friday…

New Bitcoin-ETF Filing With the SEC Throws Ethereum Into The Mix

Whilst the world waited for the SEC’s postponed decisions on two outstanding Bitcoin-ETF applications, somebody filed a new one. The United States Commodity Index Fund Trust filed the application yesterday for a fund based on a portfolio of both bitcoin and ether. Like The SEC Don’t Already…