The Latest Business News

Blockchain startups to face new regulations in China
Business 23 October 2018

Blockchain startups to face new regulations in China

The Internet censorship agency of China, the Cyberspace Administration of China (CAC), has released the draft of a framework it intends on introducing to regulate the blockchain industry in the company.

Int’l watchdog readies crypto-related AML rules for June 2019 rollout
Business 22 October 2018

Int’l watchdog readies crypto-related AML rules for June 2019 rollout

Under the changes to FATF global standards, crypto exchanges, certain types of wallet providers and providers of financial services for ICOs will be subjected to AML/CFT regulations, such as conducting customer due diligence including ongoing monitoring, record-keeping, and reporting of suspicious transactions.

India shows cryptocurrency can’t be suppressed
Business 22 October 2018

India shows cryptocurrency can’t be suppressed

Despite the Reserve Bank of India's attempts to keep cryptocurrency from taking a hold in the country, the sector is still moving forward, demonstrating the power crypto has and how it cannot be eliminated.

BitGo raises $59M in Goldman Sachs-led Series B funding
Business 19 October 2018

BitGo raises $59M in Goldman Sachs-led Series B funding

Investment giant Goldman Sachs has led a successful $59 million Series B funding round in crypto custodian service BitGo, in the latest example of a major Wall Street institutional investor backing the cryptocurrency sector.