Tag Archives: Regulation

Allianz Global Investors Chief Calls for Cryptocurrency Ban

Andreas Utermann, chief executive officer and global chief investment officer of Allianz Global Investors, has said cryptocurrencies should be banned by regulators. According to a report from Reuters on Tuesday, Utermann was speaking during a panel discussion in London alongside Andrew Bailey, chief executive of U.K.’s Financial Conduct Authority (FCA). He said, “You should outlaw [crypto assets],” because… Read More »

Romper Room to White Linen: Saying Goodbye to Crypto’s Infant Anarchy

Sheila Bair is an advisor to Omniex, a technology company providing services to institutional investors, and a board member of the Paxos Trust, a regulated trust company developing blockchain technology. She does not own crypto assets. The views expressed are her own. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  When our children were small,… Read More »

UAE and Saudi Arabian Central Banks to Jointly Launch a Cross-Border Cryptocurrency

Advertisement It’s confirmed. The United Arab Emirates (UAE) and Saudi Arabia will work on cross-border digital currency. The exact date when it would be issued is still unknown but we know one thing, the digital currency is not targeted at consumers. It’s strictly for banks. Arabian news outlet Gulf News reports that the central bank of the UAE,… Read More »

Allianz GI CEO Kicks Bitcoin While it’s Down, Wants Crypto “Outlawed”

Although Bitcoin (BTC) has experienced an unquestionably dismal 2018, with BTC losing 80% of its value since its year-to-date high, there are still a number of skeptics hell-bent at putting the crypto industry six feet under. Case in point, the chief of a world-renowned financial institution, set in its traditionalistic ways, recently lambasted this nascent asset class, urgently… Read More »

The Future of ICOs: In the Hands of Regulators or Innovators?

William Mougayar is the founder of Token Summit and author of “The Business Blockchain.” The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  What is the future of initial coin offerings (ICOs) as we look to a 12-month horizon? As an early supporter of ICOs (properly run), I’d like to offer a broad perspective on… Read More »

Upbit CEO: Crypto Regulation is Necessary, But is Korea on Right Track?

Advertisement On December 10, Lee Seok-wu, the CEO of Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, said that regulation is important to establish industry standards. During a meeting with several members of the Congress and the Financial Services Commission (FSC) hosted by Upbit, Bithumb, Gopax, Korbit, and Coinone, five of the biggest digital asset… Read More »

Dutch Central Bank Wants to Regulate Crypto Companies to Stem Money Laundering

Advertisement The Dutch Central Bank, De Nederlandsche Bank, wants to regulate crypto companies by requiring them to get licenses in order to operate. The bank claims the measure will deter money laundering and the use of cryptocurrencies to fund terrorism, according to a short brief in Dutch daily newspaper De Telegraaf. To qualify for a license, crypto companies must… Read More »

Four Vermont State Agencies Establish Blockchain Working Group

Four agencies of the state government of Vermont in the United States have jointly formed a working group to study blockchain technology, according to an announcement published Dec. 10. The working group will comprise the Attorney General’s Office, the Department of Financial Regulation (DFR), the Secretary of State, and the Agency of Commerce and Community Development (ACCD), and… Read More »

The CFTC Wants to Learn More About Ethereum

The U.S. Commodity Futures Trading Commission (CFTC) wants to learn more about ethereum, its technology, and the markets that have built up around it. In a “Request for Input” (RFI) published Tuesday, the regulator explains that it is looking for public feedback on different questions about ethereum, ranging from its technology to how it’s used. Respondents have 60 days… Read More »