France creates G7 cryptocurrency task force following launch of Facebook’s Libra

France’s central bank governor, Francois Villeroy de Galhau, announced plans for the creation of a task force dedicated to cryptocurrencies. The task force, representing the G7 countries, will be lead by European Central Bank board member Benoit Coeure. The purpose of the G7 task force is to study how central banks ensure cryptocurrencies like Facebook's recently launched Libra...

Brazil with New Regulations Requirements for Crypto Exchanges to Report on User Transactions

Brazil’s federal revenue agency has released new rules for crypto trading platforms. Under the new guidelines, crypto exchanges are required to report on all crypto transactions carried out within their system. The new rules were released by the Department of Federal Revenue of Brazil (RFB) and will affect the way cryptocurrency exchanges inform the regulator about users’ transactions in order to...

Bakkt Continue to Work Alongside CFTC to Launch Bitcoin Futures

The cryptocurrency community has been waiting with bated breath in recent months, for news concerning the highly anticipated launch of Bakkt, a cryptocurrency trading and storage platform with plans to offer Bitcoin futures, settled in Bitcoin itself. It is expected that the futures contracts, which will be institutional grade offerings, will generate a large...