Zimbabwe’s central bank is to introduce a regulatory sandbox for digital currency companies as the regulator changes its tough stance on digital currencies.
FinCEN has announced that it is preparing guidance on a new framework to oversee the cryptocurrency space.
Kyberswap claims the new regulations would increase costs, but stricter AML regulations might mean their entire operation is at risk.
Patel believes that one reason blockchain isn’t being applied is because some gov’t officials fear the increased transparency will thwart their corrupt ways.
The FCA has assumed more oversight responsibility in the crypto industry, including becoming the KYC and AML enforcer. Companies will need to be licensed afresh.
China has implemented new policies to foster blockchain and the launch of a state-backed digital currency.
The next six months are going to see a flurry of activity and this past week has continued to help refine the forward progress the industry is making.
The global regulator pledged to publish a paper on how much capital banks must set aside to cover crypto-related risks.
Congressman Davidson believes that America could lose its global superiority if it doesn’t adopt blockchain quickly.