The South African Reserve Bank, the central bank of the Republic, has chosen to call digital currencies “cyber-tokens” because they “don’t meet the requirements of money,” Bloomberg reported May 24. Francois Groepe, Reserve Bank Deputy Governor, explained the position of the bank: “We don’t use the term “cryptocurrency” because it doesn’t...
More Americans may move away from traditional finance and into crypto if the the U.S. Federal Reserve (Fed) relaxes post-2008 financial regulations, according to a study published by Weiss Ratings May 22. The Fed is set to meet on May 30 to consider watering down the “Volcker Rule,” in what...
Russian bank Sberbank CIB and the National Settlement Depository (NRD) will pilot the country’s first official Initial Coin Offering (ICO) using the Bank of Russia’s regulatory sandbox, ForkLog reports today, May 24. Sberbank CIB, the investment banking arm of major state-owned bank Sberbank, and NRD, which is part of the...
On May 10, Polish Financial Supervision Authority (KNF) held a tender order of 615,000 zloty (around $170,000) to plan and conduct a social media campaign that will focus on the risks associated with cryptocurrencies, pyramid schemes, and forex trading. That sum is hardly impressive, but represents another gesture against crypto...
Singapore regulators have reminded eight cryptocurrency exchanges of the need to have legal permission to trade securities or futures contracts. ...
Plans are afoot in India to apply goods and services tax to cryptocurrency transactions, anonymous sources have said. ...
The US Department of Defense is uncertain on how to proceed with processing security clearances of candidates who hold crypto assets. ...
Two U.S. CFTC divisions have jointly issued a staff advisory about the key areas in listing a virtual currency derivative product. ...
Australian consumers lost approximately $2.1 mln to cryptocurrency scams last year, according to the Australian Competition and Consumer Commission’s (ACCC) annual scams report published May 21. The ACCC’s analysis reveals that the use of digital currencies as a payment method in scams peaked in the last quarter of 2017. Almost...
US and Canadian regulators have reportedly opened the largest coordinated crypto probe into suspicious crypto investment programs. ...