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US: Florida to Create Position of Crypto Chief to Oversee Industry
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US: Florida to Create Position of Crypto Chief to Oversee Industry

Florida Chief Financial Officer (CFO) Jimmy Patronis has released plans to create a new position of cryptocurrency chief to oversee the industry in the state, according to an announcement published June 26. Patronis, who also serves as State Fire Marshal an...
Exclusive: Maltese Parliament to Pass Second Reading on 3 Cryptocurrency Bills
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Exclusive: Maltese Parliament to Pass Second Reading on 3 Cryptocurrency Bills

The Maltese Parliament will be passing the three cryptocurrency and blockchain bills through their second reading later on today, CCN can exclusively reveal. This important development was announced by Parliamentary Secretary for Digital Innovation Silvio S...
Cambodia Issues Warning Against Unlicensed Cryptocurrency Trading
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Cambodia Issues Warning Against Unlicensed Cryptocurrency Trading

Authorities in Cambodia have formally warned domestic investors that they risk incurring penalties for buying, selling, or trading cryptocurrencies without getting a license first. “Any person or legal entity that propagates to mobilize funds, buys, sells, ...
Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts
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Irish Bitcoin Broker Claims Country’s Banks Are Closing Crypto-Related Accounts

The co-founder of Irish Bitcoin (BTC) broker Eircoin accused the Banking and Payments Federation of Ireland (BPFI) of discriminating against crypto-related accounts, The Irish Times reports June 21. Dave Fleming blamed the BPFI for, “seeking to muddy the water...
US Congressman Says ICO Market Needs ‘Light Touch’ Regulation to Provide Certainty
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US Congressman Says ICO Market Needs ‘Light Touch’ Regulation to Provide Certainty

U.S. Representative Warren Davidson (R-Ohio) said the initial coin offering (ICO) market needs “light touch” regulation on CNBC's Squawk Box today, June 21. When asked about cryptocurrency regulation, Davidson argued that the “big thing” the market needs is...
US: Members of Congress Must Disclose Crypto Holdings Above $1,000
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US: Members of Congress Must Disclose Crypto Holdings Above $1,000

The Ethics Committee of the U.S. House of Representatives has issued a memorandum requiring all House Members to disclose their cryptocurrency holdings worth over $1,000, Bloomberg reported yesterday, June 20. The memo, dated June 18, outlines a range of di...
Japan: Financial Watchdog to Issue Business Improvement Notices to 5 Crypto Exchanges
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Japan: Financial Watchdog to Issue Business Improvement Notices to 5 Crypto Exchanges

Japan’s Financial Services Agency (FSA) will be issuing business improvement notices to five registered cryptocurrency exchanges by the end of this week, Cointelegraph Japan reports Tuesday, June 19. According to the FSA inspections, crypto exchanges BitFly...
Korean Authorities Admit to Postponing Cryptocurrency Regulation Because it Legitimizes Market
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Korean Authorities Admit to Postponing Cryptocurrency Regulation Because it Legitimizes Market

Authorities have admitted that the South Korean government had postponed the regulation of the cryptocurrency sector because it feared consumers will acknowledge it as the government legitimizing the cryptocurrency market. Government is Aware Regulation Wil...
Israeli Internet Firm Seeks Tax Authority’s Permission to Pay Employees in Bitcoin
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Israeli Internet Firm Seeks Tax Authority’s Permission to Pay Employees in Bitcoin

Social network company Spot.IM is planning to pay employees using Bitcoin, as reported by Israeli newspaper Calcalist. However, the firm is currently negotiating with the Israel Tax Authority to receive permission for the proposed payment method, along with th...
India’s Central Bank Banned Cryptocurrency with Zero Research or Consultation
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India’s Central Bank Banned Cryptocurrency with Zero Research or Consultation

The Reserve Bank of India has responded to a query seeking explanations for its reasons to ban banks from dealing with the cryptocurrency industry, admitting it conducted no research prior to its prohibitive action. In a Right to Information (RTI) request f...