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Chinese Region to Shut Down ‘Illegal’ Bitcoin Miners By September

Chinese Region to Shut Down ‘Illegal’ Bitcoin Miners By September China’s Xinjiang Uyghur autonomous region is set to eliminate “illegal” bitcoin mining operations by the end of August, a government agency has confirmed to CoinDesk. Rumors first emerged online over the weekend after the leak of a government notice issued by …

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Don’t Let the Crypto Circus in Congress Fool You

Don’t Let the Crypto Circus in Congress Fool You Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Progress? …

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G20 Eyes October Deadline for Crypto Anti-Money Laundering Standard

G20 Eyes October Deadline for Crypto Anti-Money Laundering Standard G20 member countries are now looking at an October deadline for reviewing a global anti-money laundering (AML) standard on cryptocurrency, a document shows. According to a statement issued on Sunday, finance ministers and central bank governors of the G20 member countries …

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South Korea’s Finance Watchdog Is Forming a Crypto Division

South Korea’s Finance Watchdog Is Forming a Crypto Division South Korea’s Financial Services Commission (FSC) has revealed it is setting up a department dedicated primarily to cryptocurrencies and blockchain. The FSC said the new department – dubbed the Financial Innovation Bureau – will focus on developing policy-making initiatives for the domestic …

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Malta Says Crypto Rules Aren’t Yet In Force Amid ‘Blockchain Island’ Hype

Malta Says Crypto Rules Aren’t Yet In Force Amid ‘Blockchain Island’ Hype Malta’s new cryptocurrency regulatory framework has not taken effect just yet. Three bills regarding cryptocurrencies, blockchain and distributed ledger technology, passed by Maltese Members of Parliament in June, set out a number of ambitious changes to the country’s …

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UK Begins Research on Law Reform for Use of Blockchain Smart Contracts

UK Begins Research on Law Reform for Use of Blockchain Smart Contracts The U.K. Law Commission, an independent agency set up by the U.K. parliament to propose legal reform actions, is starting a research project on law reform to bring clarity in the current system for using blockchain-based smart contracts. According …

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US Consumer Finance Watchdog Opens Regulatory Sandbox to Blockchain

US Consumer Finance Watchdog Opens Regulatory Sandbox to Blockchain The Consumer Financial Protection Bureau is launching a regulatory sandbox to encourage blockchain and other financial technology innovation, acting head Mick Mulvaney announced Wednesday. The CFPB wants to assist companies developing these new technologies, as well as the “products and services” …

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US Congressman Calls for Ban on Crypto Buying and Mining

US Congressman Calls for Ban on Crypto Buying and Mining A U.S. lawmaker has called for a blanket ban on cryptocurrency buying. Congressman Brad Sherman is no stranger to controversial statements on the subject – back in March he called cryptocurrencies “a crock” – and during the Wednesday hearing of a …

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