A new draft law suggests a German alone in the regulation of Bitcoin exchanges, while the Federal financial Supervisory authority has granted the second Security Token Offering (STO), the highest regulatory blessing. Meanwhile, the Facebook Coin Libra regulators in the not-Yet-EU-country United Kingdom breaking to the head. Iran is still trying and also using Bitcoin & co., his head out of the sanctions noose of the United States to draw and is poised to legalize the Mining of the digital Assets again. But „the enemy“ moves In New York, the financial authority DFS receives a crypto-Department-to-be for the challenges of the crypto-Economy is immune. The regulatory-ECHO.
By Christopher clover
On 29. July 2019BTC$9.566,00 0.59%part Facebook Twitter LinkedIn xing mail Federal government: the draft law provides for strict regulation of the German Bitcoin exchanges before
provides A bill of the Federal government’s permission is compulsory for the operation of Bitcoin exchanges by 2020. Accordingly, both the Exchanges as well as so-called Custodians, so the asset Manager for crypto-Assets, approval of the BaFin must obtain. The FDP MP Frank Schäffler shows in the face of such a national decline, however, little enthusiasm, and calls for an EU-wide uniform regulation, instead of a „national patchwork“.
British MPs intend to Libra-examination,
is the British Parliament the regulation of the question. In the Still-EU country, the crypto currency of the Social Media giants, Facebook reigns Supreme in terms of Libra, is still considerable need for clarification among the regulators. The Parliament calls, therefore, for more Details about the design of the Facebook Coins.
New York’s financial authority receives a new crypto division
New York is a global financial Hub. To be able to its position as the centre of capitalism in the future, say, the financial authority of the Federal state (NYDSF) now a new Department. This deals especially with the challenges of the crypto-sphere. With the help of Research and Innovation Division (Department for research and Innovation) to carry the New York State Department of Financial Services DFS to ensure that New York is the „jurisdiction of choice for Innova continues to be expensive“. The remit of the Department, in particular, the regulation and licensing of companies in the FinTech and crypto – area.
BaFin approved the first property-Token
The BaFin approved the German first Security Token Offering (STO) for block-chain based real estate investment and the second German STO at all. Thus, the German Federal financial services Supervisory authority, the launch of digital securities in the Real Estate sector. The „Foundation Real Estate tokens“ could serve as a blueprint for future STOs and outside the real estate sector.
Bitcoin regulation: FINRA appeals to business
Last year, the US approval authority FINRA has issued a notice to the effect that financial service providers have to do with digital Assets, to report. A year later, the consolidation of the criteria listed as follows. Overall, the FINRA has so far satisfied. Conviction is, however, different.
The pressure is rising: Iran wants to legalize Bitcoin Mining
Iran is about to legalize Bitcoin Mining. A corresponding decision of the national economic Committee to answer to the increasing number of Mining farms in the country, it is said, on the part of the government. Bitcoin may breathe a sigh of relief enthusiasts in order. Meanwhile, the pressure on the Persian Gulf growing all the time. As a result of international sanctions and ever louder sabre rattling the country’s economy is on a downward ride.
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The freedom of speech-to-ECHO: Trace Mayer is the ultimate Bitcoin Pitch $ 10 billion: Grant Thornton reviewed Bitcoin & co. New York financial authority receives a new crypto division#expression-ECHO# – regulation
