The UK’s Financial Conduct Authority is currently investigating 18 companies in connection with cryptocurrency transactions amid escalating concern over the threat posed by Bitcoin et al to the integrity of financial markets.
In figures released to the Telegraph under freedom of information laws, it said that as of 12th November it had opened inquiries into 67 firms involved in cryptocurrency businesses.
The Indian government is in no hurry to finalise any crypto regulations or to even set a deadline for the task, Quartz reports.
The Secretary of Criminal Content Definition Task Force has said any cooperation with the Telegram messaging app to launch the cryptocurrency Gram in Iran constitutes an action against national security and will be dealt with as a disruption to the country’s economy, Tehran Times reports.
Bitcoin separated itself from other cryptocurrencies in 2018 and will continue to do so going forward, according to Jimmy Song.
Decentralisation is key here. “The advantages of decentralisation are often subtle and easy to dismiss, but they are real benefits,” he says in a blog post.
The government of the Republic of Abkhazia has cut power to some cryptocurrency mining farms due to electricity concerns, Chernomorenergo RUE announced on Facebook.
Saudi Customs has integrated its cross-border trade platform FASAH with IBM and Maersk’s TradeLens solution.
Japanese e-commerce venture DMM.com is closing its crypto mining business, due to deteriorating profitability, Toyo Keizai reports.
The South African government has established a crypto assets regulatory working group, BusinessDay reports.
New York has become the first state in the US to create a cryptocurrency task force to study how to properly regulate, define and use cryptocurrency.
He now owns about 80% of shares in the firm he founded, Bloomberg reports.
Online retailer Overstock is set to become the first major US company to pay a portion of its Ohio state business taxes in Bitcoin, using the new platform, OhioCrypto.com.
Bitcoin ATM venture Lamassu has moved to Switzerland following regulatory issues in other countries, according to a Medium post.
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