Russia is planning to improve crypto regulations and launch a new oil-backed cryptocurrency

Russian news outlet Finance Rambler recently reported that Russia will be modify crypto’s regulatory framework in the country. According to Oleg Nikolayev, member of the State Duma Committee on Economic Policy, these regulation modifications are close to completion. The law...

Texas State Securities Board reaches agreement with four cryptocurrency companies following Cease and Desist order

On Feb.21, Texas’ State Securities Board issued an announcement claiming that a regulatory enforcement agreement was signed by four companies that were being accused of offering unregistered securities as well as recruiting unregistered agents. The settlement was reached after the...

Four Banks in Iran started supporting the new gold-backed cryptocurrency

According to the Financial Tribune, a new gold-backed cryptocurrency was released in Iran by the company Kuknos. It is called “PayMon” and four national banks, namely Bank Mellat, Bank Melli Iran, Bank Pasargad and Parsian Bank, entered a partnership with...

In Wyoming cryptocurrencies are now recognised as actual money

Credit: Coindaily Wyoming’s Senate has recently passed a bill recognising cryptocurrency as money. It has also begun to establish regulations aimed at making crypto transactions safer. According to the bill passed a few days ago, digital coins are now “legal...

[BREAKING] Liqui Exchange Shuts Down

The cryptocurrency bear market has continued to shift downward, and that subsequently means traders and exchanges are left with lower and lower liquidity. Ironically, the Ukraine-based exchange “Liqui” has announced it will be shutting down due to a lack of...

Over One Third of Startups in Second Cohort of FCA’s Fintech Sandbox Are Building Blockchain Solutions

The UK’s financial regulator, the Financial Conduct Authority (FCA), has announced the second cohort of its fintech sandbox on June 15. Out of the 24 startups joining this year’s cohort, nine are developing solutions using blockchain technology, which is a...

Fake PBoC Digital Currency Project Has Chinese Regulators Concerned

Most cryptocurrency users are well aware of what the PBoC aims to achieve. More specifically, the financial institution is looking to issue a national digital currency. It appears this plan will not come to fruition soon, though. What is worrisome...

Regulations Are Making it Difficult for Cybersecurity Firms to Transact in Bitcoin

Due to bitcoin’s pseudo-anonymous nature, which makes it difficult to link transactions to the individuals conducting them, bitcoin has become the new go-to ransom payment method in ransomware attacks. This development has led cybersecurity firms to buy and store bitcoin...