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ForkLog 16 22.12.2020

Huobi secures Nevada trust company licence

A subsidiary of the Huobi cryptocurrency exchange has received a Nevada regulator's licence to provide trust services. This enables the platform to resume operations in the United States.

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ForkLog 35 22.12.2020

Coinbase proposes extending discussion of wallet-owner verification proposals

The largest American cryptocurrency exchange Coinbase filed a request with FinCEN to extend the public-comment period regarding proposals for verifying non-custodial wallet owners from 15 days to the standard 60 days.

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ForkLog 28 19.12.2020

US Treasury proposes verifying users of Bitcoin wallets

The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury published a proposal regulating cryptocurrency transactions conducted through users' own wallets.

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ForkLog 6 17.12.2020

Toward tougher regulation: regulatory trends shaping Russia’s crypto industry

In 2014 the Russian central bank called bitcoin a 'monetary surrogate', and in 2020 the State Duma passed a law regulating the circulation of cryptocurrencies on Russian territory. Nevertheless, the Federal Law 'On Digital Financial Assets (DFA)' and amendments thereto are largely prohibitive in nature.

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ForkLog 17 16.12.2020

Massachusetts Regulator Poised to File Suit Against Robinhood

The Massachusetts Secretary of the Commonwealth's Securities Department plans to sue the cryptocurrency-friendly Robinhood platform. It is accused of violating state laws not related to digital assets, according to WSJ.

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ForkLog 26 16.12.2020

UK introduces temporary registration regime for crypto firms

Cryptoasset businesses awaiting regulatory approval may operate under a 'Temporary Registration Regime'. It will run until 9 July 2021, the UK Financial Conduct Authority (FCA) said.

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ForkLog 13 16.12.2020

Russia weighs proposal to allow transfers via anonymous electronic wallets

A bill has been submitted to the State Duma of the Russian Federation authorising citizens to transfer funds using anonymous electronic wallets.

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ForkLog 29 14.12.2020

Estonia revokes licenses of more than 1,000 crypto companies

In 2020, Estonian authorities revoked the licenses of more than 1,000 companies active in the digital-asset sector, according to Postimees.

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ForkLog 25 11.12.2020

Indian banks resume servicing Bitcoin exchanges

Leading Indian banks have resumed dealings with cryptocurrency exchanges and traders, The Economic Times reports, citing sources.

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ForkLog 16 11.12.2020

SEC Commissioner Hester Peirce urges regulators not to curb the crypto industry’s potential

Regulators should find ways to embrace the principles of personal liberty underlying digital assets and reject overly burdensome rules. This was stated by SEC Commissioner Hester Peirce, The Block reports.

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ForkLog 15 10.12.2020

Circle CEO Urges U.S. Cooperation in Crypto Regulation

US authorities should collaborate with blockchain industry representatives in shaping regulatory requirements, as Circle CEO Jeremy Allaire indicated in a letter to the US Treasury.

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ForkLog 13 10.12.2020

Paxos Applies for National Bank Charter

Paxos has filed with the U.S. Office of the Comptroller of the Currency (OCC) an application to obtain a national trust bank charter. If approved, the firm would become the first custodian of digital assets to be regulated as a "crypto bank" at both federal and regional levels.

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