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OneCoin Denies Being a ‘Hybrid Ponzi-Pyramid Scheme’

The controversial OneCoin organization has recently responded to the Central Bank of Samoa, claiming it isn’t a “hybrid ponzi-pyramid scheme” as it doesn’t fir the definition of these schemes, and that it is a centralized, closed cryptocurrency.

European Central Bank: Bitcoin Is Not A Threat But It Needs Monitoring

European Central Bank (ECB) stated earlier today that crypto is not considered as a risk to the financial stability in the Eurozone. However, the ECB recommends that regulation should create a uniform approach for all crypto-assets and this is what we are reading in our…

Kraken opposes Canadian regulators’ proposed changes to crypto asset laws

Canadian cryptocurrency exchange Kraken has criticised regulations the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada have proposed. According to the exchange, proposed regulations characterise the contract between an exchange and an exchange user as security. Kraken states it is crucial regulators…

Regulating Cryptocurrencies Is Not A Priority: Russian PM

Regulating cryptocurrencies is currently not a priority for the Russian Government since cryptocurrencies lost their popularity in the country according to the Russian Prime Minister. Dmitry Medvedev’s comments were reported by a local news outlet and reached our altcoin news today. According to the reports,…

Minnesota Representative to Reintroduce Hard Fork Tax Reform Bill

Minnesota Congressional Representative Tom Emmer has announced plans to reintroduce a bill meant to “provide temporary safe harbor for the tax treatment of hard forks of convertible virtual currency in the absence of administrative guidance.” Representative Emmer participated in a panel on the relationship between…

ICO Fraud Lawsuit For DJ Khaled And Mayweather Officially Dropped

ICO Fraud lawsuit against DJ Khaled And Floyd Mayweather were officially dismissed by the federal court. Both of the celebrities were accused of issuing an ICO that centered on the launch of a crypto debit card and we are about to find out more in…

SEC Commissioner Says Time Is Right for Bitcoin ETFs — 3 Funds Pending

The U.S. Securities and Exchange Commission (SEC) is currently reviewing three bitcoin exchange-traded funds (ETFs), one of which was filed last week to track the prices of two cryptocurrencies. An SEC commissioner said at the Consensus conference on Monday that the time is right for…

IEOs May Get In ‘Trouble’ for Not Following Regulations: SEC

Valerie Szczepanik, the Advisor for Digital Assets and Innovations at the US Securities and Exchange Commission (SEC), has said that companies or organizations looking to raise funds via initial exchange offerings (IEO) must follow appropriate regulatory guidelines.