In Japan, the self-regulation of Bitcoin exchanges work in some cases, rather mediocre, which is why the FSA has now become active. Meanwhile, Iranian Bitcoin Miner must be careful where they purchase their electricity. In the US, worries about terrorism, qualities of Libra, while the FATF calls on crypto-exchanges exchange user data with each other. The regulatory-ECHO.
By Christopher clover
At the 1. July 2019BTC$10.361,00 -7.16%part Facebook Twitter LinkedIn xing mail, Japan’s financial Supervisory punishes Bitcoin stock exchange
The Japanese financial regulator, the Financial Services Agency (FSA) maintains the Compliance of the exchange Fisco with regard to Anti-money laundering measures and the protection of investors is insufficient. As a result, the authority has published a policy paper in which the FSA is raising strong allegations against the stock exchange operator. At the same time, the FSA has secured a twelve-piece package of measures that the Fisco should implement, in order to allay regulatory concerns.
Malta Rent soon on the Blockchain?
The Maltese progress in terms of crypto-adaptation reached a new level. In the future, the citizens will need to register all lease contracts on a Blockchain. According to the Prime Minister, Joseph Muscat, this has of reasons, especially safety. In addition, the support for the mass acceptance of Blockchain and other Distributed Ledger technologies is, however, a Motivation behind the push.
New FATF standards allow Bitcoin exchanges trepidation
On the 21. In June, the multilateral Financial Action Task Force FATF has adopted the proposed guidelines for the regulation of virtual Assets and their trading venues. Accordingly, the Virtual Asset Service Provider “(VASP), so, for example, Bitcoin exchanges, to lay” in the future, your customer data to open and share. This is intended to apply for trading volumes of 1,000 US dollars and the data recipients as well as senders of transactions relate to. The end of Privacy in Bitcoin? Resourceful Trader will know how to help.
Iran threatens Bitcoin-Mining-ban
Inflation has Iran firmly in its grip, and economic sanctions cut off banks from global financial flows. It’s not that Bitcoin is playing for the Iranian population, a larger and larger role. The demand for the digital Gold is continuously growing and because of the Exchanges of the leadership of the country is a thorn in the eye, are Iranians more and more frequently on the stand-alone Mining the Coins. However, Bitcoin Mining is the Iranian authorities not acceptable, at least so long as there is power on the expense of the state is operated.
Libra US regulators a head-scratcher
The Facebook face to apply a payment network, velvet Coin Libra meets with legislators in the world with skepticism. It’s not just the barely disguised fear that Facebook could only make the one or other Central Bank money monopoly in dispute. Potential cases of money laundering and terrorism financing – almost like a real crypto-currencies – regulatore suspicion to flourish. In the US, cross-party members of Congress have questioned why the chief of the financial crimes authority FinCEN to be the risks and side effects of Libra.
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