Tag Archives: Government

Bank of England Adviser: Cryptocurrencies Fail Basic Financial Tests, Lack Value

Huw van Steenis, senior adviser to Bank of England’s (BOE) Governor Mark Carney, told Bloomberg in an interview Monday, Jan. 21, that cryptocurrencies fail fundamental financial tests. Van Steenis joined BOE in 2018, having previously worked at Schroders and Morgan Stanley. He is currently heading a review of the future of finance, according to Bloomberg. When asked about… Read More »

Hodler’s Digest, Jan. 14–20: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week Ethereum’s Constantinople Hard Fork Delayed Until February After Vulnerability Found Ethereum’s (ETH) Constantinople hard fork has been delayed until late February after smart contract audit firm ChainSecurity found a security vulnerability allowing a reentrancy attack. The security bug found would potentially let an attacker steal crypto from a smart contract on the network while… Read More »

Thailand’s Stock Exchange Plans to Set up a Licensed Digital Asset Exchange: Report

The Stock Exchange of Thailand (SET) is planning to set up a regulated digital asset exchange, local news agency The Bangkok Post reported on Jan. 17. Citing the vice chair of SET’s board of governors, Pattera Dilokrungthirapop, — аlso chair of the Association of Securities Companies — the report revealed that the national stock exchange plans to apply… Read More »

Law Enforcement Requests to Shapeshift Rose 175% in Second Half of 2018

Law enforcement requests sent to Switzerland-based cryptocurrency exchange ShapeShift rose 175 percent in the second half of 2018, according to a new Compliance Transparency report published by the exchange Jan. 18. In a blog post accompanying the report, Shapeshift outlines that it typically receives requests from law enforcement agencies for data including crypto addresses (in or out of… Read More »

South African Gov’t Reveals It Has No Plans to Ban Crypto in Recent Consultation Paper

The South African Reserve Bank (SARB) has issued a consultation paper assessing the benefits and risks of cryptocurrencies. The paper, developed jointly with a number of the country’s government agencies, was announced in an official statement published Jan. 16. In the document, titled “Consultation Paper on Policy Proposals for Crypto Assets,” South Africa’s government clarifies that it does… Read More »

Russia’s Prime Minister: Bear Market Is Not a Reason to Bury Cryptocurrencies

The massive 2018 bear market is not a reason to bury crypto, Russian Prime Minister Dmitry Medvedev claimed in a speech at the Gaidar forum. Russian news agency TASS reported on Medvedev’s comments yesterday, Jan. 15. Medvedev outlined the current crypto market situation as one of the main questions on the world community’s agenda, along with other challenges… Read More »

South Korean District to Implement Blockchain for Administrative Transparency

A district in the South Korean capital has announced it will apply blockchain to its proposal evaluation system, privately owned local news agency Newsis reports on Jan. 16 According to the article, South Korea’s Yeongdeungpo-gu — an administrative district in southwest Seoul — aims to strengthen its administrative transparency by applying a blockchain-based evaluation system. The system will… Read More »

Devs Behind Marshall Islands’ National Crypto Confirm Plans to Launch This Year

A national cryptocurrency for the Marshall Islands is still being actively developed, despite previous disagreements among government officials on the subject, a blog post from the team behind the coin revealed Jan. 10. In the recent post, the team behind the coin — dubbed Sovereign (SOV) — revealed that it had made “significant progress in finding partners, investors,… Read More »

Denmark’s Tax Agency Seals Authority to Collect Data from Three Crypto Exchanges

Denmark’s Tax Authority has been authorized by the country’s Tax Council to obtain information regarding all trades of cryptocurrencies across three domestic crypto exchanges. An official announcement published on the agency’s website reported this development on Jan. 14. The authorization means that three unspecified Danish crypto exchanges now have legal disclosure obligations to hand over identity information that… Read More »

Russian Parliament to Discuss Crypto Bill Within Two Months, Official States

The State Duma, the lower chamber of the Russian parliament, will discuss a draft bill on crypto regulation in January or February, the head of Committee on Financial Markets told local news agency TASS on Monday, Jan. 14. Chairman Anatoly Aksakov said that a long-awaited bill on digital assets — a term used by the Russian government to… Read More »