How Blockchain Needs Regulation to Mature

Blockchains and their cryptocurrencies are energetically following a path similar to other major leaps in technology that have come before it. Like automobiles, electricity, or the world wide web, the technology and communities behind blockchain tech are growing and innovating far ahead of existing regulations or social safety nets. On one hand, re...
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World Bank President Now Believes That The Blockchain Has “Huge Potential”

The president of the world bank group Jim Yong Kim has expressed his view that blockchain technology has "huge potential" and that the bank should keep pace with innovative technologies. Kim's remarks came at the international monetary fund (IMF) and the world bank's annual meeting in Bali, Indonesia. Kim spoke of the importance of addressing pover...
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Nasdaq Reportedly Considers Creating Platform for Cryptocurrency Security Tokens

  Inside sources say Nasdaq is looking to create a platform for cryptocurrency security tokens. This development is the latest in a series of reports of the U.S.-based stock exchange operator taking steps to enter the digital asset space. Nasdaq and Cryptocurrency Security Tokens According to reports, Nasdaq plans to develop a platform where c...
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Goldman Sachs Launches US Dollar Coin (Fedcoin). Coinbase To Become The Crypto Regulatory Agency (360+)

  Goldman Sachs startup Circle, the Boston-based crypto finance company, has gone live with its stablecoin called the US Dollar Coin, or USDC . This is the first cryptocurrency released by a major financial institution. In order to avoid instability and inflation inherent to other unregulated cryptocurrencies, the value of the USDC will be tie...
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Cryptocurrency’s long-term future seems more optimistic now

  Trying to predict the immediate future of cryptocurrency is a bit like trying to predict the path of a pinball as it gets smacked around a machine with infinite bumpers. There are so many variables involved that it is almost impossible to see the next development around the bend, for good or bad. That is part of the reason why the digital co...
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FATF's Upcoming Talks: Is Cryptocurrency AML/CFT Clarity on the Horizon?

  Lack of regulatory guidance from international and domestic authorities has hindered the broader adoption of cryptocurrencies since their conception. While some countries have embraced this new technology, most have issued either conflicting guidance or none at all. The Financial Action Task Force on Money Laundering (FATF), an intergovernme...
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Fiat-to-Crypto in the Philippines Approaches $40 Million Per Month Despite Price Woes

A central bank official has said that digital currency conversions in the Philippines — a country where the coins are considered legal tender — hit nearly $40 million in recent months. Central Bank's Crypto-Friendly Policy Conversions from pesos to digital coins averaged $36.74 million per month in the first quarter, according to Deputy Governor Ch...
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Governor of Connecticut Signs Blockchain Working Group Bill Into Law

  Connecticut governor Dannel Malloy signed SB 443 into law, which establishes a blockchain working group to study the technology, according to public documents June 6. The working group is also tasked with shaping a plan to "[foster] the expansion of the blockchain industry in the state." The bill accordingly passed both legislative houses la...
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SEC Chairman Jay Clayton Says Bitcoin Not a Security, Most ICOs Likely Are

  Jay Clayton, the chair of the US Securities and Exchange Commission ( SEC ), believes that Bitcoin (BTC) is not a security since it acts as a replacement for sovereign currencies, CNBC reports today, June 6. Clayton, when speaking about the "incredible promise" of distributed ledger technologies driving efficiencies in markets, clarified dur...
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