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US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities

The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issued a statement addressing regulatory issues regarding the custody of digital asset securities on 8 July. The recent statement highlighted that any entity involved in the transactions with digital asset securities must register with the SEC as a broker-dealer, and … Continue reading US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities

Donald Trump is “Not a Fan” of Bitcoin and Crypto, Citing High Volatility

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money.” Donald Trump tweeted on 11 July. Exhibit 1. How Donald Trump views cryptocurrencies Source: Donald Trump Twitter The tweet came after the night of “Social Media Summit” which did not include any representatives from social media companies such as Facebook, Twitter or … Continue reading Donald Trump is “Not a Fan” of Bitcoin and Crypto, Citing High Volatility

Bitfinex and Tether's Appeal Rejected by New York Judge

Earlier this year, the New York Attorney General’s office has made allegations against Bitfinex of using up Tether’s cash reserves in April 2019. The accusations were made regarding the cryptocurrency exchange of losing $850 million, and thereafter taking funds from Tether’s reserves to cover the loss.  The NYAG office started to investigate iFinex Inc, the … Continue reading Bitfinex and Tether's Appeal Rejected by New York Judge

UK Financial Conduct Authority: We Will Not Regulate Bitcoin and Ether

The British Financial Conduct Authority (FCA) has confirmed that they will not be regulating cryptocurrencies such as Bitcoin and Ether as it falls out of their perimeter.  The FCA first issued a finalized policy statement on digital assets titled “PS19/22: Guidance on Cryptoassets”. This policy statement update is in response to the feedback received from the previous … Continue reading UK Financial Conduct Authority: We Will Not Regulate Bitcoin and Ether

Bitwise: Facebook’s Libra Moved Bitcoin and Cryptocurrencies Ahead by Three Years

A cryptocurrency index fund provider Bitwise based in the US is of the opinion that the Facebook-owned stablecoin Libra has accelerated the growth of cryptocurrencies by three years. This was stated in a letter published to investors on August 1. The attention given to Bitcoin by Libra Libra, which has been gaining substantial attention since … Continue reading Bitwise: Facebook’s Libra Moved Bitcoin and Cryptocurrencies Ahead by Three Years

Fighting for Monetary and Financial Freedom

If we want to understand why blockchain will disrupt and uproot our current monetary and financial system, we need to understand the following: the history of currency; what is a currency; why currency exists; and the relationship between currency and wealth. Then we look at three key aspects (money form, money issuance, and the flow … Continue reading Fighting for Monetary and Financial Freedom

New Zealand Permits Cryptocurrency Remunerations

New Zealand has set the precedent of being one of the initial nations to allow cryptocurrency salaries. Workers will receive their payments in the form of digital assets. This information was availed by the New Zealand Inland Revenue Department, the nation’s tax regulator.  Realistically, cryptocurrency regulation has faced stringent measures in numerous jurisdictions. This has … Continue reading New Zealand Permits Cryptocurrency Remunerations

Blockchain Favored by Andrew Yang, America’s 2020 Presidential Hopeful

Andrew Yang, who is eyeing America’s presidential election in 2020, has asserted that blockchain should be incorporated as it will modernize the voting structure. Yang believes that blockchain will propel authentic democracy, as well as boost Americans partake in the voting exercise.  Yang stipulates: “It’s ridiculous that in 2020 we are still standing in line … Continue reading Blockchain Favored by Andrew Yang, America’s 2020 Presidential Hopeful

How to Capitalize Trillions in Tokenized Real Estate with Blockchain and PropTech

On the 22nd of August, we were proud hosts of our event that focused on ‘whether real estate will evolve by the development of blockchain?’ Now the question arises from the inevitable fact that financial technology has evolved within the last 10 years alongside several industries adopting it within their practices. Will the real estate … Continue reading How to Capitalize Trillions in Tokenized Real Estate with Blockchain and PropTech

Crypto, Tax, and the IRS: The Good, The Bad, and The Downright Ugly

They used to say that Al Capone feared the Internal Revenue System (IRS) more than he feared the FBI. This fear proved to be well-founded, as tax affairs did precipitate Capone’s downfall. Capone’s troubles with the IRS illustrates this piece well, but with a 21st-century twist. We’re not talking about ill-gotten gains made through bootleg … Continue reading Crypto, Tax, and the IRS: The Good, The Bad, and The Downright Ugly

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