Dubai Bitcoin Exchange BitOasis Wins Preliminary License in Middle East First

By CCN: The United Arab Emirates has granted crypto exchange BitOasis a preliminary license which allows it to operate a digital asset wallet and a trading platform in the region. According to Dubai-based BitOasis, this will make the firm Middle East’s first regulated bitcoin exchange. The preliminary license was granted by the Financial Services Regulatory …

Bitcoin-Bashing Democrat Calls for Blanket Ban on Cryptocurrencies

By CCN: Bitcoin-bashing Democrat Congressman Brad Sherman is urging his colleagues to pass a law that would ban cryptocurrencies in the United States. “I look for colleagues to join with me in introducing a bill to outlaw cryptocurrency purchases by Americans, so that we nip this in the bud.” Congressman Sherman, who’s from California, made …

Bitcoin Expert Eviscerates US Treasury’s ‘Fascist’ Crypto Blacklist

In a discussion about the US Treasury Department Office of Foreign Asset Control’s addition of cryptocurrency addresses to the “no pay list,” Bitcoin speaker and celebrity Andreas Antonopoulos called the move “completely useless” and “fundamentally fascist.” US Treasury Blackballs Bitcoin, Petro Addresses The US Treasury has blacklisted a variety of crypto addresses. | Source: Shutterstock …

VanEck Unfazed by Shutdown’s Impact on Bitcoin ETF Application

VanEck isn’t fazed by the government shutdown, which some have feared could throw a wrench into the bitcoin ETF approval process. | Source: Shutterstock By CCN.com: Investment manager VanEck remains confident about its bitcoin ETF application, despite the US government shutdown. Why? Because the firm believes it has laid a robust foundation for the VanEck/SolidX Bitcoin ETF …

Japan May Approve Cryptocurrency ETFs After Saying No to Futures: Report

The Financial Services Agency of Japan is considering approving exchange-traded funds which track digital assets, Bloomberg reports. According to sources who confided in Bloomberg, the financial regulator is at the moment gauging sector interest in exchange-traded funds tracking cryptocurrencies. This comes less than a month since the financial watchdog put aside plans for cryptocurrency futures. …

No Bitcoin ETF Before Important Changes to BTC Markets: SEC Chairman

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. SEC Chairman Jay Clayton has claimed that bitcoin exchanges lack sufficient transparency and monitoring for the market to see approved Bitcoin Exchange Traded Funds (ETFs). According to CNBC, at the Consensus …

Thailand’s Deputy Prime Minister Calls for More Cryptocurrency Regulations

Twitter Facebook LinkedIn The Deputy Prime Minister of Thailand, Wissanu Krea-ngam, has called for the enhancement of cryptocurrency regulations in the country. Speaking during the fourth regional Counter-Terrorism Financing Summit which took place in Bangkok, Wissanu argued that there was a need for more domestic and international legal measures to be put in place to …

Swiss Regulator Imposes 800% Risk Weighting for Bank Crypto Trading

Twitter Facebook LinkedIn The Swiss Financial Market Supervisory Authority (FINMA) has instructed banks dealing in cryptoassets to apply a risk weighting of eight times their market value  when calculating loss-absorbing capital buffers. In a confidential letter seen by swissinfo.ch, the regulator also imposed a 4 percent cap on crypto positions as a percentage of total capital …

Spain Approves Law Requiring Citizens to Disclose all Crypto Holdings

The Spanish Ministry of Finance has closed a legal loophole allowing holders of bitcoin and other cryptocurrencies to skirt asset declaration laws. Announcing a draft anti-fraud law approved by the Council of Ministers earlier today, Finance Minister María Jesús Montero explained that the new law will mandate “the identification of the holders and the balances contributed …

China Prepares to Limit Bitcoin Miners’ Power Usage: Report

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The People’s Bank of China (PBOC) has reportedly claimed it can pressure local governments in the country to regulate bitcoin miners’ power usage. Reuters is reporting that China’s central bank has told members of the Leading Group of Beijing Internet Financial Risks …