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Owning Bitcoin (BTC) in China Legal, Lending Will Put You in Jail

Asia Crypto Today News It is still legal to own Bitcoin in China despite the government blanket ban on trading. The post Owning Bitcoin (BTC) in China Legal, Lending Will Put You in Jail appeared first on Asia Crypto Today Cryptocurrency News from Asia.

The Central Bank of Myanmar criminalizes cryptocurrency transactions

Asia Crypto Today News In the Southeast Asian country, cryptocurrency transactions have been met with resistance after the country’s central bank said crypto is not an official currency. The post The Central Bank of Myanmar criminalizes cryptocurrency transactions appeared first on Asia Crypto Today Cryptocurrency…

SEC delays decision on VanEck/SolidX ETF proposal, seeking public comments

The Securities and Exchange Commission has decided to postpone making a decision on the VanEck, SolidX, and Cboe joint proposal to trade a bitcoin exchange-traded fund (ETF) and is seeking public comment in the interim. With this latest decision, the VanEck/SolidX proposal joins the long…

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…

SEC may investigate exchanges facilitating IEOs, official says

The Securities and Exchange Commission (SEC) may look into US-based crpyto exchanges that have carried out initial exchange offerings (IEOs), CoinDesk writes. Exchanges may be operating as unauthorised securities dealers under US securities laws if they take a fee for facilitating token sales, SEC official…

SEC may investigate exchanges facilitating IEOs, official says

The Securities and Exchange Commission (SEC) may look into US-based crpyto exchanges that have carried out initial exchange offerings (IEOs), CoinDesk writes. Exchanges may be operating as unauthorised securities dealers under US securities laws if they take a fee for facilitating token sales, SEC official…

US Congressman Brad Sherman Calls for US Ban on Cryptocurrencies

A US Representative is urging his colleagues to join him in implementing a nationwide US ban on cryptocurrencies. This cryptocurrency-averse stance comes as the Representative fears that cryptocurrency could replace the US dollar if not immediately curbed.  Sherman: ”Cryptocurrencies are only useful for criminals” Specifically,…

Russia Prepares to Test Cryptocurrencies in Four of Its Regions

The Russian Federation, which is yet to regulate digital assets, is now planning to allow four of its regions to test innovations that are not covered by its current legislation. A bill drafted by the Economy ministry envisages the establishment of regulatory sandboxes there. The…