Bitcoin

UK’s Financial Watchdog May Soon Ban Sale of Crypto Derivatives

UK’s Financial Conduct Authority (FCA) is consulting today on a cryptoassets guidance. The financial watchdog will decide later this year whether to outlaw certain cryptocurrency derivatives. The Matter of Cryptocurrency Derivatives According to an official press release, the FCA is consulting on a cryptoasset guidance today. The framework, once finished, will define the activities which […]

Crypto News

Dow Futures, Bitcoin Price Recover as Markets Claw Back Early-Week Losses

Dow Jones Industrial Average futures and the bitcoin price both made gains on Tuesday after disappointing performances earlier in the week. | Source: Shutterstock By CCN.com: The US stock market appears to be having second thoughts about yesterday’s colossal sell-off, as Dow Jones futures are implying triple-digit gains at the opening bell. The cryptocurrency market […]

Crypto News

CBOE Chairman: Wall Street Wary of Crypto Investments Due to Lack of a Bitcoin ETN

Source: Shutterstock By CCN.com: Chicago Board of Exchanges (CBOE) CEO Ed Tilly believes the cryptocurrency market needs a bitcoin-based Exchange-Traded Note to “truly grow.” His comments come on the back of postponed ETF launches for bitcoin, which could be pushed back indefinitely due to an ongoing U.S. government shutdown. Regulators “Not Taking Calls” Hundreds of […]

Bitcoin

Bitcoin Exchanges Don’t Need Money Transmitter Licenses in Pennsylvania

The Pennsylvania Department of Banking and Securities (DoBS) says cryptocurrency exchanges in the state do not require Money Transmission Business Licenses. MTA Not Applicable to Bitcoin in Pennsylvania In a memo titled “Money Transmitter Act Guidance for Virtual Currency Businesses,” the Pennsylvania DoBS clarified that the Money Transmitter Act (MTA) did not apply to cryptocurrency exchanges. […]