Jeremy Allaire’s Circle Lays Off 10% of Staff amid Prickly US Regulation

Jeremy Allaire’s Circle Lays Off 10% of Staff amid Prickly US Regulation

TweetShareBy CCN: Bitcoin has been booming lately, but Circle, the parent company of crypto exchange Poloniex, announced yesterday afternoon that about 30 employees are leaving as part of “organizational changes.” Circle CEO Jeremy Allaire cited an increasingly burdensome regulatory environment in the United States as part of the impetus for the move.Today we made organizational…

Russia Postpones Parliamentary Reading of Crypto Regulation Bill

Russia Postpones Parliamentary Reading of Crypto Regulation Bill

TweetShareThe Russian Duma has pushed back its planned consideration of a bill to recognize and regulate digital financial assets. Initially scheduled for March 22, the reading will now hold at an unspecified date in April, following the outcome of a vote on the agenda for a plenary session last week.The draft bill is not without…

US SEC Bitcoin ETF Decision Will Influence Local Crypto Regulation: Korean Official

US SEC Bitcoin ETF Decision Will Influence Local Crypto Regulation: Korean Official

TweetShareSouth Korea has joined the cryptocurrency community when it comes to waiting for the US’ verdict on Bitcoin exchange-traded funds (ETF).The nation’s sole bourse operator, Korea Exchange (KRX), admitted that it was carefully observing the constantly-unfolding crypto ETF scenario in the US. An official at the exchange – on condition of anonymity – told the Korean Herald…

Swiss Federal Council Opts for Minimal Regulation

Swiss Federal Council Opts for Minimal Regulation

Advertisement TweetShare Switzerland Financial Regulator FINMA Head Mark Branson A report based on the analysis conducted by a blockchain working group that was appointed earlier this year has been adopted by the collective head of state and government of Switzerland, the Federal Council. Among other things the report has concluded that the legal framework of…

Nigeria’s Biggest Opposition Candidate Promises Cryptocurrency Regulation

Nigeria’s Biggest Opposition Candidate Promises Cryptocurrency Regulation

Advertisement Twitter Facebook LinkedIn Ahead of Nigeria’s general elections in February 2019, Atiku Abubakar, the presidential candidate of the People’s Democratic Party (PDP)-  the country’s largest opposition party – has included the creation of a “comprehensive blockchain and digital currency policy” in his policy document. The move comes as a significant surprise as the country’s…

Study Finds ‘Promising’ Crypto Workarounds to Europe’s GDPR Regulation

Study Finds ‘Promising’ Crypto Workarounds to Europe’s GDPR Regulation

Advertisement Twitter Facebook LinkedIn A joint study between Queen Mary University of London and the University of Cambridge concluded that, whilst challenging, it is theoretically possible for organizations to design blockchain applications that fully comply with recently implemented EU ‘General Data Protection Regulation’. The research was published in the ‘Richmond Journal of Law and Technology’…

Distributed Ledger Tech can Automate Regulation, Says CFTC Chairman

Distributed Ledger Tech can Automate Regulation, Says CFTC Chairman

Advertisement Twitter Facebook LinkedIn As FinTech continues to reimagine new business models for finance, a high-profile financial regulator believes it can also be used to enforce derivative laws more effectively. J. Christopher Giancarlo, the chairman of the US Commodity Futures Trading Commission (CFTC), highlighted distributed ledger technology (DLT) and how it can automate regulations for derivative markets…