May 30, 2018 at 15:06
Israeli Authorities to Issue a Draft Requiring Reporting of Crypto Activity
The major financial market regulator the Israel Money Laundering and Terror Financing Prohibition Authority has created a fintech draft which is aimed at helping to track and control suspicious cryptocurrency activity, according to a local news company’s post published yesterday, May 28.
Apr 19, 2018 at 13:46
Lithuania Plans to Allow Activity of Virtual Limited Liability Companies
Virtual Limited Liability Companies (VLLCs) working on blockchain technology will be launched in Lithuania. The country considers the possibility of allowing entities from different parts of the world to register and operate their fintech companies there. A draft has been already processed by the Lithuanian Centre of Registers.
Australian Cryptocurrency Exchanges to Meet New Technology Regulations
The Australian Transactions and Reporting Analysis Centre (AUSTRAC) recently announced the implementation of new crypto market regulations. According to them, all domestic cryptocurrency exchanges must obey the requirements which include anti-money laundering and counter-terrorism financing. The mandatory obligations took effect starting Tuesday, April 3.
Blockchain Startup CoinMetro Sets Sights on Legitimate Regulations, Opening the Door for Mass-Adoption
The Blockchain industry is seriously on the move, 2017s market boom confirmed that not only is the speculative investment side of blockchain alive and thriving, but so is the rallying support for the Industry as a whole. Blockchain solutions are growing exponentially worldwide, the tech breakthrough is showing no signs of stopping, but there are external pressures coming from governments and regulatory bodies that threaten blockchain growth and mass-adoption.
Uzbekistan to Legitimize Bitcoin and other Cryptocurrencies
The President of Uzbekistan, Shavkat Mirziyoyev, agreed to approve the creation of a competence center for distributed ledger technologies and Blockchain at the fintech Mirzo Ulugbek Innovation Center. A draft law, regulating e-currency in legal terms, should be ready till September 1st.