New Law May Encourage German Banks to Offer Crypto Services From 2020

With the passing of new legislation, banks in Germany may soon feel more confident to offer direct sales and custody of crypto assets.

A Third of Crypto Exchanges Have Little or No KYC, Says CipherTrace

Around one third of the top 120 exchanges are "weak" when it comes to know-your-customer (KYC) verification, while two-thirds "lack strong KYC policies," the firm said.

25,000 Blockchain Firms in China Tried to Issue Cryptos, Senior Official Claims

Some 25,000 Chinese companies have tried to issue their own tokens over the past few years, a new report authored by five government agencies claims.

Waves and the Tricky Task of Being a Russian Crypto Brand

What if your biggest client is your biggest reputation risk?

Mnuchin’s Number Two Says Private Cryptos Pose Threat to Government Power and Will Be Watched

The deputy secretary of the U.S. Treasury has raised the specter of a not-so-distant future when private digital currencies have stripped some of the power from governments. Policymakers will take a "hard look" at that, he said.

South Korea Takes Legal Step to Stamp Out Unregistered Crypto Exchanges

A legal amendment to an act addressing the South Korean crypto industry would criminalize unregistered exchanges, but has loosened other requirements.

Too Early to Tell if Libra Is a Security, CFTC Chairman Says

Despite some headlines, CFTC chief Heath Tarbert didn't actually say Libra is a security, even if it is different from commodity bitcoin.

Singapore Proposes Allowing Bitcoin, Ether Derivatives Trading on Approved Exchanges

The Monetary Authority of Singapore (MAS), the city-state's de facto central bank, may soon allow cryptocurrency-based derivatives to be traded on regulated platforms.

FinCEN: Stablecoin Issuers Are Money Transmitters, No Matter What

“Just because you say you are a banana doesn’t make you a banana,” said Director Blanco.