Turkey Announces Plans for Central Bank Cryptocurrency

In the light of recent economic challenges with the decline of its sovereign currency, Turkey has proposed the formation of blockchain-based central bank currency. The proposal was put forth in the eleventh development plan 2019-2023 submitted to the Turkish Parliament on JULY 8 2019. The eleventh development plan, published on the government’s official website, contains...

UK markets watchdog proposes retail ban on crypto derivatives

Britain’s markets watchdog has come forth and proposed a ban on the sale of derivatives based on crypto-assets to retail consumers due to the prevalence of market abuses. Crypto-assets as they are known include popular crypto currencies like Bitcoin, Ethereum, Litecoin and Monero as well as various utility tokens issued by companies and are tradeable on...

Unlock Looming – TRON’s $20 Million BuyBack Plan

The TRON Foundation has recently announced an ambitious $20 million TRX buyback, one of the biggest in the industry to date. In a live stream on Twitter, Justin Sun shared more info about the update: “We will conduct by far the largest #TRX buy-back plan with the widest coverage in the secondary market, which will last for...

CFTC Approves LedgerX to Settle Futures in Real Bitcoin

The Commodity Futures Trading Commission (CFTC) has approved has allowedbitcoin derivatives provider LedgerX to offer physically settled bitcoin futures contracts. In an announcement released on Tuesday, the CFTC disclosed that LedgerX requested that its order of registration is amended as aDCO. This will limit LedgerX to clearing swaps, to allow it to clear futures...

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...