Localbitcoins to Introduce New User Verification Rules

Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules. Also read: 3 Technical Proposals for Increasing Bitcoin’s Privacy P2P Exchange Localbitcoins Advising Finnish Regulators In a […]

The post Localbitcoins to Introduce New User Verification Rules appeared first on Bitcoin News.

Central Bank Official: Regulators Are Hindering the Development of Cryptocurrencies

Regulators Hinder the Development of Cryptocurrencies, Central Bank Official SaysAn excessive number of regulatory agencies are interfering with the prospects of successful development of cryptocurrencies in Ukraine, according to a high-ranking representative of the country’s central bank. What the sector needs instead is proper regulations and laws that will allow it to grow, the banker insists. Also read: Cryptocurrency Exchanges Eye Russia for Expansion […]

The post Central Bank Official: Regulators Are Hindering the Development of Cryptocurrencies appeared first on Bitcoin News.

Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry

The recently established Russian subsidiary of global cryptocurrency exchange Huobi and Vnesheconombank, Russia’s state-owned development bank, are now partnering to offer crypto companies legal support and advice. The newly created “legal lab” will also represent blockchain businesses in court. Also read: German Startup Devises Eco-Friendly Energy-Efficient Miners Legal Lab to Assist Crypto Companies in Russian […]

The post Huobi and Major Russian Bank to Provide Legal Help to the Crypto Industry appeared first on Bitcoin News.

Russian Parliament Postpones Adoption of Digital Assets Bill

The State Duma, the lower house of Russia’s parliament, has postponed the second reading of a long-awaited bill intended to regulate cryptocurrencies in the country. Lawmakers will review the draft law “On Digital Financial Assets” during the spring parliamentary session next year, the house deputy speaker Sergey Neverov announced. Also read: Transnistria Welcomes Crypto Miners, […]

The post Russian Parliament Postpones Adoption of Digital Assets Bill appeared first on Bitcoin News.

Russians to Be Allowed ICO Investments up to $9,000 per Year

Russians to Be Allowed to Invest in ICOs up to $9,000 per YearRussian lawmakers have revised another bill regarding the regulation of the industry built around cryptocurrencies. In its latest version, the draft law on crowdfunding sets the maximum amount of money ordinary Russians will be permitted to invest in projects such as ICOs at less than $9,000 per year.      Also read: Lawyers to Help the […]

The post Russians to Be Allowed ICO Investments up to $9,000 per Year appeared first on Bitcoin News.

Transnistria Welcomes Crypto Miners, Plans to Expand the Industry

The government of Transnistria has recognized the importance of cryptocurrency mining for the territory’s economy and budget. The unrecognized republic in Eastern Moldova now plans to expand the industry by attracting more miners with a crypto-friendly business climate and favorable regulations.    Also read: CEO of Romanian Exchange Coinflux Arrested on US Warrant Tiraspol Plans […]

The post Transnistria Welcomes Crypto Miners, Plans to Expand the Industry appeared first on Bitcoin News.

Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws

Lawyers to Help the Russian Crypto Industry Deal With Inadequate LawsIn the absence of a comprehensive regulatory framework for cryptocurrencies in Russia, lawyers have taken matters into their own hands. A new advisory body of legal experts will look into cases where the current legislation does not reflect the specifics of the growing digital economy and propose solutions. Also read: CEO of Romanian Exchange Coinflux […]

The post Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws appeared first on Bitcoin News.

Chatter Report: Zhuoer Claims BSV Block Created ‘Accidentally’, Falkvinge Likens Code Review to ‘Legislation’

Zhuoer Claims BSV Block Created ‘Accidentally’, Falkvinge Thinks Code Reviews Like ‘Legislation Changes’In today’s chatter report, Calvin Ayre eagerly welcomes Jiang Zhuoer to mine on BSV but then quickly changes his mind. Zhuoer reveals that btc.top created a BSV block by accident and Rick Falkvinge calls for code changes to be reviewed in the same manner as legislation.  Also Read: Linkedin Names ‘Blockchain Developer’ Top Emerging US […]

The post Chatter Report: Zhuoer Claims BSV Block Created ‘Accidentally’, Falkvinge Likens Code Review to ‘Legislation’ appeared first on Bitcoin News.

Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups

The Swiss government has announced a new legislative approach to blockchain regulation in an official report. The document recognizes the technology as one of the most important recent developments for the financial sector in stimulating the country’s economy. Also read: How Bitcoin Companies can Legally Operate in Switzerland A Swiss Innovation Paradise According to the […]

The post Switzerland to Relax Laws to Accommodate Blockchain and Cryptocurrency Startups appeared first on Bitcoin News.