US Lawyers: Crypto Regulations Are ‘Tough Waters to Navigate’

In a recent interview, Matt Kohen and Justin Wales, two senior counsels working for Carlton Fields’ virtual currency and distributed ledger technology group, highlighted the challenges that legal practitioners and regulators face in interpreting United States regulations pertaining to cryptocurrency. Also Read: Quadrigacx Saga: Founder’s Widow Owns $5.6m Properties, Hospital Confirms Cotten’s Death Cryptocurrency Lawyers Emphasize…

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No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says

Economy & Regulation Last year’s falling prices are not a good enough reason to “bury” cryptocurrencies, Russian Prime Minister Dmitry Medvedev said during a high-level economic conference. He believes Russia should carefully follow the developments around digital coins.   Also read: Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again Russia Should Watch Carefully…

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Stablecoin Issuers May Need Licenses in Texas, Unlike Most Crypto Startups

Stablecoins may qualify as “money” under Texas law, according to updated guidance from the state Department of Banking. A memo published Wednesday by Texas Banking Commissioner Charles Cooper outlines how cryptocurrencies are to be treated under local and federal regulations, in particular adding details of how stablecoins backed by sovereign, or fiat, currencies may be…

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Indian Police Warn Public Against Investing in Cryptocurrencies

The police of the Indian state of Jammu and Kashmir have issued a public statement, warning the public against investing in cryptocurrencies, local business news daily the Business Standard reported on Jan. 2. Police reportedly warned the public against the “heightened risk” of investments like Bitcoin (BTC) and reminded investors that cryptocurrencies are not sanctioned…

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Switzerland to Regulate Blockchain Within Existing Financial Laws

The government of Switzerland wants to accommodate the blockchain sector within its existing financial laws. The country’s Federal Council issued a report on Friday, providing a legal framework for distributed ledger technology (DLT), or blockchain,, stating that Switzerland’s existing rules are well suited to dealing with such new technologies, but there is still a need for…

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Lawyers to Help the Russian Crypto Industry Deal With Inadequate Laws

Regulation In 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…

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US SEC Chairman Clayton Keeps Quiet on ICO, ETF Regulation Updates

The chairman of the U.S. Securities and Exchange Commission (SEC) Jay Clayton reiterated the regulator’s strict stance on Initial Coin Offering (ICO) compliance in fresh comments to CNBC Nov. 26. Speaking in an interview with CNBC, during which presenters mentioned the recent enforcement deals with ICOs Paragon and Airfox, Clayton underlined the need to conduct…

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Vietnam at Crossroads on Cryptocurrency Regulations

Regulation Vietnamese authorities are still considering their approach to regulating the cryptocurrency space. The Ministry of Justice has put forward several alternative solutions and the Ministry of Industry and Trade has expressed its opposition to the ban on imports of mining equipment. Also read: Uzbekistan Sets up International Arbitration Center for Crypto Businesses Justice Ministry…

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