As Cryptocurrencies Lose Popularity, Regulation Isn’t a Priority

Crypto regulation is not a priority for the Russian government since cryptocurrencies have lost their popularity, the Russian prime minister has recently argued. Prime minister Dmitry Medvedev’s comments were reported by Russian news agency Fontanka on May 16. According to Medvedev, cryptocurrencies are not that interesting for the population anymore, which decreases the need for the adoption of crypto regulations. He said: “The popularity of cryptocurrencies has decreased so far, which likely makes the regulation issue not that relevant already.” Speaking at an annual international judicial forum on May 15,…

Op Ed: Understanding the Latest FinCEN Guidance for Cryptocurrencies

On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies. In summary, a money services business (MSB) needs to register with FinCEN, (which is free and done through Form 107); get an AML compliance policy that specifies what KYC information will be collected (and aims to catch and prevent money laundering and terrorism); designate a compliance officer to monitor transactions and file suspicious activity reports for activity that looks suspicious and file…

Joseph Stiglitz Thinks We Should Ban Cryptocurrencies

Most people know who Joesph Stiglitz is. Some know him as the 2001 recipient of the Nobel Memorial Prize in Economic Sciences; others know him as a vocal cryptocurrency bear. This week, Stiglitz is getting a lot of attention for the latter. In a May 6 interview with CNBC, Stiglitz said we should shut down cryptocurrencies. Here’s everything we know. Joseph Stiglitz on Cryptocurrencies: The Latest This week, of course, is not the first time Joseph Stiglitz, 76, has discussed cryptocurrencies in a negative manner. Back in November 2017, Stiglitz…

Indian Government Again Discussing Ban on Cryptocurrencies: Report

The government of India is said to be renewing its efforts to completely outlaw public cryptocurrencies. A report from The Economic Times on Friday, citing anonymous “government officials aware of details” said that a number of government departments in the country have backed the idea of a complete ban on the issuance and trading of cryptocurrencies. The Department of Economic Affairs (DEA), Central Board of Direct Taxes, Central Board of Indirect Taxes and Customs and the Investor Education and Protection Fund Authority are all in favor of the ban, the…

Bitcoin, Blockchain And Ethereum: How To Demystify Cryptocurrencies | CNBC

Jules Urbach, OTOY founder and CEO, provides insight to bitcoin, its blockchain technology, and the ethereum blockchain. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Bitcoin,…

Why Bank Of America Is Slamming Cryptocurrencies | CNBC

Bank of America’s chief of operations and technology officer says a safe market is a transparent one and the cryptocurrency market is far from transparent. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+:…

Cryptocurrencies: Why Some Money Managers Are Investing In Them | CNBC

Rarely is a subject so divisive among investors like cryptocurrency. Some swear by it, some see it as a fraud and a bubble. Here is why both sides are convinced they hold the truth. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC…

SocGen CEO Frederic Oudea Sees No Future For Bitcoin, Cryptocurrencies | CNBC

Cryptocurrencies are unlikely to survive long-term as governments scramble to regulate them, Frederic Oudea told CNBC. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC SocGen CEO…

Cryptocurrencies Not Currently Viable for Terrorism Financing: Think Tank

Cryptocurrencies are not well-suited for the needs of terrorist groups, United States nonprofit think tank RAND Corporation states in a report published on March 27. The report, dubbed “Terrorist Use of Cryptocurrencies: Technical and Organizational Barriers and Future Threats,” is focused on two main angles — how terrorists use cryptocurrencies in their current state and how could they possibly use them in the future as the industry evolves. The authors believe that cryptocurrencies currently pose no significant threat as a means of terrorism financing. However, if cryptocurrencies started providing anonymity…

Speak Out: Discussing the Top Cryptocurrencies

There are over 2,100 cryptocurrencies available on the market, and none of them ever reached the high level that Bitcoin or Ethereum have established. But does this mean they cannot be replaced in the future? Today we invite you to discuss the biggest and the most promising coins. Reply in the comments below! Source link